Wealth Management Yankton SD

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.

Jennifer Larson, CFP®
(605) 260-0662
321 Broadway Ave
Yankton, SD
Firm
IPI Wealth Management

Data Provided by:
Mr. Jim L. Chesley, CFP®
(605) 665-2848
2408 Broadway Ave
Yankton, SD
Firm
Home Federal

Data Provided by:
Wells Fargo - Yankton North
(605) 665-0130
1920 Broadway Ave
Yankton, SD
Type
Branch
Office Hours
Mon-Fri 08:00 AM-06:00 PM
Sat 08:00 AM-12:00 PM
Sun Closed

Richard Kahler
Kahler Financial Group
(605) 343-1400
1010 9th Street, Suite 1
Rapid City, SD
Expertises
Real Estate Investments, Ongoing Investment Management, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Retirement Planning & Distribution Rules, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc, MSFP

Mr. Charlie Jakober, CFP®
(605) 226-8220
12986 Idlewood Dr
Aberdeen, SD
Firm
Ameriprise Financial

Data Provided by:
Mrs. Kathryn M. Greeneway, CFP®
(605) 665-4940
225 Cedar St
Yankton, SD
Firm
First Dakota National Bank/Ray

Data Provided by:
Wells Fargo - Yankton
(605) 665-9677
200 Cedar St
Yankton, SD
Type
Branch
Office Hours
Mon-Fri 08:00 AM-05:00 PM
Sat-Sun Closed

Wells Fargo - Irene
(605) 263-3355
209 W Main St
Irene, SD
Type
Branch
Office Hours
Mon-Thu 08:30 AM-04:00 PM
Fri 08:30 AM-05:30 PM
Sat-Sun Closed

Mr. M. Timothy Hudson, CFP®
(605) 362-4175
305 W 57th St Ste 2
Sioux Falls, SD
Firm
HMK Financial Services

Data Provided by:
Mr. Stephen C. Ciofalo, CFP®
(605) 361-9998
5032 S Bur Oak Pl Ste 200
Sioux Falls, SD
Firm
sciofalo@wradvisors.com
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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

Profession: Not Applicable

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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