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Wealth Management Waco TX

High net worth individuals and organizations can opt to employ a wealth manager to handle their financial issues, including things like estate planning, taxes, investment management and more. Wealth management services are provided by corporations, financial advisors and multi-licensed portfolio managers. They use wealth management strategies to help their clients grow their wealth and assets as well as to navigate tax law. Wealth managers oversee all the financial affairs of their clients, which can be extremely helpful for those with numerous and diverse financial holdings.

Christopher Baum
Vannoy Advisory Group, Inc.
(254) 213-5000
2501 Austin Avenue
Waco, TX
Expertises
Retirement Plan Investment Advice, Advising Employee Benefit Plan Participants, Planning Issues for Business Owners, Advising Medical Professionals, Newlyweds & Novice Investors
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. Korbett Roberts, CFP®
(254) 913-9911
2424 Austin Ave
Waco, TX
Firm
Benefit Concepts, Inc
Areas of Specialization
Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Insurance Planning, Intergenerational Planning, Small Business Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $500,001 - $1,000,000

Profession: Self-Employed Business Owners

Data Provided by:
Matthew Scott Dollar, CFP®
(254) 799-1206
901 N Loop 340
Waco, TX
Firm
Edward Jones
Areas of Specialization
General Financial Planning, Retirement Income Management

Data Provided by:
Mr. Charles David Jones, CFP®
(254) 751-0064
5015 Fort Ave
Waco, TX
Firm
Charles D. Jones Capital Management, Inc.
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Service Professionals

Data Provided by:
Mr. Thomas M. Flowers, CFP®
(254) 722-3877
PO Box 8411
Waco, TX
Firm
eCapital Advisors Inc
Areas of Specialization
Asset Allocation, Banking, Budget Development, Charitable Giving, Comprehensive Financial Planning, Debt Management, Education Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Neil Vannoy
Vannoy Advisory Group, Inc.
(254) 213-5000
2501 Austin Avenue
Waco, TX
Expertises
Hourly Financial Planning Services, Investment Advice without Ongoing Management, Ongoing Investment Management, Retirement Planning & Distribution Rules, Planning Issues for Business Owners, College/Education Planning
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Mr. Charles J. Lewis Jr., CFP®
(254) 754-7745
P O Box 2626
Waco, TX
Firm
Wells Fargo Advisors, LLC
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $250,001 - $500,000

Profession: Business Executives

Data Provided by:
Mr. Blake Christian Mattson, CFP®
(254) 772-6383
5400 Bosque Blvd
Waco, TX
Firm
Mattson Financial Services

Data Provided by:
Christopher S. Alman, CFP®
(254) 751-0064
5015 Fort Ave
Waco, TX
Firm
Charles D. Jones Capital Management, Inc.
Areas of Specialization
Comprehensive Financial Planning, Investment Management, Long-Term Care, Retirement Income Management, Retirement Planning, Risk Management, Social Security Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: Not Applicable



Data Provided by:
Brent Allen Mcfarling, CFP®
5018A W Waco Dr
Waco, TX
Firm
Edward Jones

Data Provided by:
Data Provided by:

Wealth Management

By: Jonas Zamora
Jonas Zamora is a Certified Financial PlannerTM professional. You may contact him at jzamora@zacks.com

Benefits of Estate Planning

Have you ever been advised that you should have an estate plan? You hear the advice and, like most folks, don’t have a clear idea of why you should have one. I read an article by financial planner Elaine Floyd, which outlines the reasons why you should have an estate plan.

Let’s start with the benefits. An estate plan allows you to:

1. Direct the distribution of your wealth at death. An estate plan allows you to name the people, or charities, that will receive your assets. Otherwise, the courts will decide for you based on the laws of succession in your state.
2. Save on estate taxes. The estate tax still exists at least until 2009. In 2010 it will be repealed but may come back in 2011. This year, assets that total up to $2 million are exempt from federal estate taxes. The top tax rate on assets above that amount is 45%. Keep in mind that state inheritance tax has not been abolished either.
3. Save money on probate fees and keep your privacy. Probate fees can run up to about 10% of your estate’s value. Keep in mind that probate is time consuming and a matter of public record.
4. Protects assets while you are alive. Estate planning strategies can help protect you in case of lawsuits and divorce.
5. Prepare for incapacity. What happens if you are unable to handle making the payments for the care you receive while incapacitated? Who will manage your care and finances? An estate plan can help assure your well being if you become unable to make your own decisions....

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