Wealth Management Youngstown OH

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.

Ms. Jill B. Mccullough, CFP®
Lariccia School of Accounting & Finance Rm 3331
Youngstown, OH
Firm
Youngstown State University
Areas of Specialization
Comprehensive Financial Planning, Employee and Employer Plan Benefits, Life Transitions, Retirement Planning, Wealth Management, Women's Finances, Young Professionals
Key Considerations
Average Net Worth: $5,000,001 or more

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



Data Provided by:
Mr. Russell W Spitz Jr., CFP®
(330) 759-6776
5048 belmont ave
youngstown, OH
Firm
MorganStanley SmithBarney
Areas of Specialization
Comprehensive Financial Planning, Employee and Employer Plan Benefits, Insurance Planning, Investment Management, Retirement Income Management, Retirement Planning, Risk Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000



Data Provided by:
Mr. Donald W. Samuels, CFP®
(330) 726-5921
1280 Boardman Canfield Rd
Youngstown, OH
Firm
Samuels Financial Services Inc
Areas of Specialization
Accounting, Comprehensive Financial Planning, Estate Planning, Investment Management, Investment Planning, Long-Term Care, Retirement Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. George E. Mowrey, CFP®
(330) 759-3444
4964 Belmont Ave
Youngstown, OH
Firm
G. Earl Mowrey & Co. L.L.C.
Areas of Specialization
Investment Management
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Ronald Erik Midgley, CFP®
(330) 702-1492
5731 Shields road
Canfield, OH
Firm
Raymond James Financial Services

Data Provided by:
Dr. R. Wayne Counts, CFP®
(330) 941-7149
1 University Plz
Youngstown, OH
Firm
Youngstown State University

Data Provided by:
Mr. Douglas J. Vaclav, CFP®
(330) 965-6370
7010 South Ave Ste 1A
Youngstown, OH
Firm
Ameriprise Financial Services

Data Provided by:
Mr. Richard C. Morrow Jr., CFP®
(330) 758-8613
7620 Market St
Youngstown, OH
Firm
HBKS Wealth Advisors

Data Provided by:
Mr. Michael E. Sabelli, CFP®
(216) 726-1128
918 Trailwood Dr Ste 2
Youngstown, OH
Firm
MICHAEL E. SABELI, CPA, CFP
Areas of Specialization
Accounting, Asset Allocation, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Elder Care, Estate Planning

Data Provided by:
William J. Sarich Jr., CFP®
(330) 729-1096
950 Windham Ct
Youngstown, OH
Firm
Ameriprise Financial

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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