Wealth Management Yonkers 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.

Steven Copeland
Safe Harbor Financial Planning
(914) 771-5277
53 Rossmore Avenue
Bronxville, NY
Expertises
Helping Clients Identify & Achieve Goals, Retirement Planning & Distribution Rules, College/Education Planning, Estate & Generational Planning Issues, Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®

John Belluardo
Stewardship Financial Services, Inc.
(914) 380-1421
39A Cedar Street
Dobbs Ferry, NY
Expertises
Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Ongoing Investment Management, Investment Advice without Ongoing Management, Women's Financial Planning Issues, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, ChFc, MS

Anthony DeVito
ADV Investment Management & Financial Planning
(914) 738-6313
500 Mamaroneck Avenue
Harrison, NY
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Advising Medical Professionals, Retirement Planning & Distribution Rules, Advising Employee Benefit Plan Participants, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFP®, PhD

Robert Dowling
Modera Wealth Management, LLC
(201) 768-4600
56 Jefferson Avenue, Second Floor
Westwood, NJ
Expertises
Ongoing Investment Management
Certifications
NAPFA Registered Financial Advisor, CFP®, CLU

Victoria Marrone
Modera Wealth Management, LLC
(201) 768-4600
56 Jefferson Avenue, Second Floor
Westwood, NJ
Expertises
Women's Financial Planning Issues, Cash Flow/Budgets/Credit Issues, Financial Psychology/Coaching, Helping Clients Identify & Achieve Goals
Certifications
NAPFA Registered Financial Advisor, BS, CFP®, MBA, PhD

Keith Amburgey
Rutherford Asset Planning, Inc.
(201) 266-6807
2 Lambs Lane
Cresskill, NJ
Expertises
Ongoing Investment Management, Real Estate Investments, Alternative or Private Investments, High Net Worth Client Needs, Retirement Plan Investment Advice, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®

V. Peter Traphagen
Traphagen Investment Advisors, LLC
(201) 262-1040
234 Kinderkamack Road
Oradell, NJ
Expertises
Cash Flow/Budgets/Credit Issues, Planning Issues for Business Owners, Divorce Planning, Estate & Generational Planning Issues, Ongoing Investment Management, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, CPA/PFS

Thomas Orecchio
Modera Wealth Management, LLC
(201) 768-4600
56 Jefferson Avenue, Second Floor
Westwood, NJ
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Charitable Giving - Trusts & Foundations, Estate & Generational Planning Issues, Financial Issues Between Generations
Certifications
NAPFA Registered Financial Advisor, AIF, CFA, CFP®, ChFc, CLU

Maureen Whelan
M. A. Whelan Financial Planning
(800) 775-8564
520 White Plains Road
Tarrytown, NY
Expertises
Hourly Financial Planning Services, Middle Income Client Needs, Tax Planning, Financial Issues Between Generations, Investment Advice without Ongoing Management, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Charles Roberson
Modera Wealth Management, LLC
(201) 768-4600
56 Jefferson Avenue, Second Floor
Westwood, NJ
Expertises
Ongoing Investment Management, Retirement Planning & Distribution Rules, Retirement Plan Investment Advice, Advising Medical Professionals, High Net Worth Client Needs, Insurance Related Issues, including Annuities
Certifications
NAPFA Registered Financial Advisor, CFP®, CLU

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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