Connecticut's insurance and finance industries account for nearly 1/5 of the state’s GDP. Connecticut is home to many experienced financial advisors. Industry experts carefully choose financial advisers. Benemark, Inc., one example, employs a combination passive and active investment strategies in order to help clients achieve their financial dreams.
Coastal Bridge Advisors
Coastal Bridge Advisors is a registered investment advisor that offers highly personalized, sophisticated advice. Founded in 2008, Coastal Bridge combines expertise and discipline with the capabilities of a boutique firm to cultivate productive client relationships. The firm offers a variety of strategies that span generations, markets, and geographies.
The principals of the company have extensive industry experience and are dedicated to providing personalized service for clients. They work closely together with clients to create investment strategies and implement a comprehensive wealth-management strategy that suits their lifestyle and needs. The management team of the firm has made investments in technology, operations, client service and other solutions to help clients make informed choices.
GYL Financial Synergies
GYL Financial Synergies, LLC, a financial advisory firm, is located in West Hartford, Connecticut. It manages more than $5 billion in 4,693 accounts and serves clients in 27 states. This firm is focused on high-net-worth individuals, retail investors, and pension plans. It also serves state and municipal governments.
Fees are charged based on what type of service the firm provides. It might charge asset-based or hourly fees as well as fixed fees. It is also a participant in a wrap fee program that bundles several of the firm’s services into one single fee.
Johnson Brunetti
Johnson Brunetti, a local retirement planning firm, has offices in Connecticut as well as Massachusetts. The company is based on trustworthiness and integrity. It aims to help clients build confidence in their financial future. You can trust our experts to help you with your financial future.
Johnson Brunetti is headed up by Joel Brunetti. This wealth management firm specializes in retirement and investments. He is a Certified Financial Planner(tm), a professional with over 15 years experience in financial planning. He is not only a certified financial professional, but also has the Series 65 license and is licensed in Connecticut as a life and health agent. He loves to travel and spend time with his three children.
Reed Financial Planning Services LLC
Reed Financial Planning Services LLC is an independent wealth management company based in Connecticut that specializes on retirement income planning and insurance. The firm manages 33 client account with $16,073,317 AUM. It also provides pension consulting services and a variety of other financial services. The firm is a Voya Field Advisory Board Member.
Jeremy Reed is a registered financial advisor at Wells Fargo Advisors. He helps clients to discover their personal retirement vision. He works closely with individuals, families and businesses to help them create a personalized plan that achieves their financial goals. He leverages the vast resources of the Wells Fargo Advisors to help his clients realize their dreams.
FAQ
What is estate planning?
Estate planning involves creating an estate strategy that will prepare for the death of your loved ones. It includes documents such as wills. Trusts. Powers of attorney. Health care directives. The purpose of these documents is to ensure that you have control over your assets after you are gone.
How important is it to manage your wealth?
To achieve financial freedom, the first step is to get control of your finances. It is important to know how much money you have, how it costs and where it goes.
You should also know how much you're saving for retirement and what your emergency fund is.
If you don't do this, then you may end up spending all your savings on unplanned expenses such as unexpected medical bills and car repairs.
How can I get started in Wealth Management?
You must first decide what type of Wealth Management service is right for you. There are many types of Wealth Management services out there, but most people fall into one of three categories:
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Investment Advisory Services - These professionals will help you determine how much money you need to invest and where it should be invested. They advise on asset allocation, portfolio construction, and other investment strategies.
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Financial Planning Services – This professional will help you create a financial plan that takes into account your personal goals, objectives, as well as your personal situation. He or she may recommend certain investments based on their experience and expertise.
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Estate Planning Services - A lawyer who is experienced can help you to plan for your estate and protect you and your loved ones against potential problems when you pass away.
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Ensure they are registered with FINRA (Financial Industry Regulatory Authority) before you hire a professional. Find someone who is comfortable working alongside them if you don't feel like it.
What are the potential benefits of wealth management
Wealth management gives you access to financial services 24/7. You don't need to wait until retirement to save for your future. This is also sensible if you plan to save money in case of an emergency.
You have the option to diversify your investments to make the most of your money.
You could invest your money in bonds or shares to make interest. You can also purchase property to increase your income.
If you use a wealth manger, someone else will look after your money. You don't have the worry of making sure your investments stay safe.
Statistics
- According to Indeed, the average salary for a wealth manager in the United States in 2022 was $79,395.6 (investopedia.com)
- If you are working with a private firm owned by an advisor, any advisory fees (generally around 1%) would go to the advisor. (nerdwallet.com)
- According to a 2017 study, the average rate of return for real estate over a roughly 150-year period was around eight percent. (fortunebuilders.com)
- Newer, fully-automated Roboadvisor platforms intended as wealth management tools for ordinary individuals often charge far less than 1% per year of AUM and come with low minimum account balances to get started. (investopedia.com)
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How To
How to invest once you're retired
People retire with enough money to live comfortably and not work when they are done. But how do they put it to work? It is most common to place it in savings accounts. However, there are other options. One option is to sell your house and then use the profits to purchase shares of companies that you believe will increase in price. You could also purchase life insurance and pass it on to your children or grandchildren.
However, if you want to ensure your retirement funds lasts longer you should invest in property. Property prices tend to rise over time, so if you buy a home now, you might get a good return on your investment at some point in the future. If you're worried about inflation, then you could also look into buying gold coins. They don't lose their value like other assets, so it's less likely that they will fall in value during economic uncertainty.