Wealth Management Watertown NY

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.

Mr. Daniel P. Drappo, CFP®
(315) 773-5686
28499 NYS Rt. 3
Black River, NY
Firm
Community Investment Services
Areas of Specialization
Asset Allocation, Business Succession Planning, Comprehensive Financial Planning, Education Planning, Retirement Income Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided by:
Mr. David D. Crapser, CFP®
(315) 788-5800
215 Washington St
Watertown, NY
Firm
Morgan Stanley Smith Barney
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Education Planning, Estate Planning, Insurance Planning

Data Provided by:
HSBC Bank
1.800.975.HSBC (4722)
Dulles State Office Bldg 120 Washington Street
Watertown, NY
Services
Branch Services: Wheelchair Accessible Lobby, Deposit Drop Box, Night Deposit Drop Box, Notary Available, Foreign Currency Exchange
ATM Services: ATMs: 1, Wheelchair Accessible ATM
Office Hours
MONDAY: 09:00 am - 04:00 pm
TUESDAY: 09:00 am - 04:00 pm
WEDNESDAY: 09:00 am - 04:00 pm
THURSDAY: 09:00 am - 05:00 pm
FRIDAY: 09:00 am - 05:00 pm
SATURDAY: -
SUNDAY: -
Drive Up Hours
MONDAY: 08:30 am - 05:00 pm
TUESDAY: 08:30 am - 05:00 pm
WEDNESDAY: 08:30 am - 05:00 pm
THURSDAY: 08:30 am - 05:00 pm
FRIDAY: 08:30 am - 05:00 pm
SATURDAY: -
SUNDAY: -

HSBC Bank
1.800.975.HSBC (4722)
Village Hall 302 State St
Carthage, NY
Services
Branch Services: Wheelchair Accessible Lobby, Deposit Drop Box, Night Deposit Drop Box, Notary Available
ATM Services: ATMs: 1, Wheelchair Accessible ATM
Office Hours
MONDAY: 09:00 am - 04:00 pm
TUESDAY: 09:00 am - 04:00 pm
WEDNESDAY: 09:00 am - 04:00 pm
THURSDAY: 09:00 am - 05:00 pm
FRIDAY: 09:00 am - 05:00 pm
SATURDAY: -
SUNDAY: -
Drive Up Hours
MONDAY: 08:30 am - 05:00 pm
TUESDAY: 08:30 am - 05:00 pm
WEDNESDAY: 08:30 am - 05:00 pm
THURSDAY: 08:30 am - 05:00 pm
FRIDAY: 08:30 am - 05:00 pm
SATURDAY: -
SUNDAY: -

Cynthia Elinoff
CSE Capital Management
(607) 748-6334
409 Hooper Road
Endwell, NY
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFP®, MS

Mrs. Christine M Cisco, CFP®
(315) 788-4200
111 Washington St
Watertown, NY
Firm
RBC Wealth Management
Areas of Specialization
Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Cross-Border Planning, Education Planning, Estate Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Kenneth R. Piarulli, CFP®
(315) 785-0971
215 Washington St Ste 106
Watertown, NY
Firm
Ameriprise Financial Services, Inc.
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Insurance Planning, Intergenerational Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $50,001 - $100,000



Data Provided by:
HSBC Bank
1.800.975.HSBC (4722)
Off Rt 11 Near Ft Drum 8489 South Main St
Evans Mills, NY
Services
Branch Services: Wheelchair Accessible Lobby, Deposit Drop Box, Night Deposit Drop Box, Notary Available, Foreign Currency Exchange
ATM Services:
Office Hours
MONDAY: 09:00 am - 04:00 pm
TUESDAY: 09:00 am - 04:00 pm
WEDNESDAY: 09:00 am - 04:00 pm
THURSDAY: 09:00 am - 05:00 pm
FRIDAY: 09:00 am - 05:00 pm
SATURDAY: -
SUNDAY: -
Drive Up Hours
MONDAY: -
TUESDAY: -
WEDNESDAY: -
THURSDAY: -
FRIDAY: -
SATURDAY: -
SUNDAY: -

HSBC Bank
1.800.975.HSBC (4722)
Post Office 26 E Church St
Adams, NY
Services
Branch Services: Wheelchair Accessible Lobby, Deposit Drop Box, Night Deposit Drop Box, Notary Available
ATM Services: ATMs: 1, Wheelchair Accessible ATM
Office Hours
MONDAY: 09:00 am - 04:00 pm
TUESDAY: 09:00 am - 04:00 pm
WEDNESDAY: 09:00 am - 04:00 pm
THURSDAY: 09:00 am - 05:00 pm
FRIDAY: 09:00 am - 05:00 pm
SATURDAY: -
SUNDAY: -
Drive Up Hours
MONDAY: 08:30 am - 05:00 pm
TUESDAY: 08:30 am - 05:00 pm
WEDNESDAY: 08:30 am - 05:00 pm
THURSDAY: 08:30 am - 05:00 pm
FRIDAY: 08:30 am - 05:00 pm
SATURDAY: -
SUNDAY: -

Curt Fey
Fey Asset Management LTD
(585) 244-0152
25 Esternay Lane
Pittsford, NY
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Advising Medical Professionals, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®, MBA, PhD

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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