Wealth Management in Covington, KY

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List of Firms

Covington, KY Wealth Management Firms

Legacy Financial
SEC File# 801-64293
CRD# 135059
5 out of 5
Location 117 E 4th St, Covington, KY 41011, USA
Phone (859) 655-5225
Fourth Street Perf Partnership
Location 211 Garrard St, Covington, KY 41011, USA
Phone (859) 491-5556
Merrill Lynch Wealth Management Advisor Brian G Delany
Location 312 Walnut St Suite 2425, Cincinnati, OH 45202, USA
Phone (513) 562-2141
Shelley Funke Frommeyer
Location 50 E Rivercenter Blvd #1225, Covington, KY 41011, USA
Phone (859) 445-0550
Wealth Management in Covington, KY

Where Wealth Management Advisors in Covington, KY Serve

Covington, KY is a vibrant city with a rich history and diverse culture. Situated along the Ohio River, it boasts numerous landmarks that reflect its past, including the John A. Roebling Suspension Bridge, the Cathedral Basilica of the Assumption, and the MainStrasse Village. Covington is home to several top employers, such as Fidelity Investments, St. Elizabeth Healthcare, and the Internal Revenue Service. Major highways and streets, such as I-71/75, Dixie Highway, and Madison Avenue, connect the city to nearby areas and make it easily accessible. Covington is comprised of several unique neighborhoods, each with its own character and charm, including MainStrasse, Peaselburg, and Wallace Woods. With its rich history, diverse culture, and thriving economy, Covington is a city that has something to offer everyone.

Services Provided by Wealth Management Companies

Banks and Credit Unions

Residents of Covington, KY can benefit from a bank in numerous ways. For starters, a bank can provide financial assistance to individuals in need of loans for various purposes, such as home renovations or starting a small business. In addition, banks can offer safe and secure deposit options for residents to store their money. This is particularly important for Covington residents who may be at risk of theft or burglary due to the city's relatively high crime rate. Moreover, a bank can provide financial education and resources to help residents manage their money more effectively. This is especially important in Covington, where the poverty rate is higher than the national average and many residents may struggle to make ends meet. By offering these services, a bank can play a vital role in supporting the financial wellbeing of Covington residents and helping them achieve their goals.

Insurance Broker

Residents of Covington, KY could greatly benefit from the services of an insurance broker. With the city's proximity to the Ohio River, flooding is a common occurrence, making flood insurance a necessity for many homeowners. Additionally, Covington has a high crime rate compared to the national average, so having adequate insurance coverage for theft and vandalism is crucial. An insurance broker can help residents navigate the complex world of insurance policies and find the best coverage options for their specific needs. They can also provide guidance on how to protect against potential risks unique to the area, such as tornadoes and severe storms. By working with an insurance broker, residents of Covington can have peace of mind knowing they are adequately protected in the face of unexpected events.

Retirement Planning

Residents of Covington, KY can benefit from the expertise of a retirement planner in several ways. For instance, they can help them navigate the complexities of Social Security and Medicare. Given that Covington has an aging population, with a median age of 35 years, there is a growing need for retirement planning services. A retirement planner can also assist Covington residents in creating a comprehensive financial plan that takes into account their unique goals and circumstances. This might include strategies for managing debt, maximizing retirement savings, and minimizing taxes. Additionally, a retirement planner can help Covington residents prepare for unexpected events, such as a medical emergency or job loss, by creating a contingency plan that ensures they have enough savings to cover their expenses. Overall, a retirement planner can provide Covington residents with the peace of mind that comes from knowing that they have a solid financial plan in place for their retirement years.

Financial Advisor

Residents of Covington, KY can greatly benefit from the services of a financial advisor. With a population of over 40,000, Covington is a bustling city with a diverse range of financial needs. A financial advisor can help residents navigate the complexities of retirement planning, investment strategy, and debt management. Additionally, with the city's close proximity to Cincinnati, Ohio, residents may have unique tax considerations that a financial advisor can help them navigate. Furthermore, given the city's location on the Ohio River, residents may have specific concerns about flood insurance and other natural disaster preparedness measures. A financial advisor can help residents develop a comprehensive financial plan that takes into account these specific concerns and helps them achieve their long-term financial goals.

Mortgage Loan Officer

Residents of Covington, KY can benefit from a mortgage loan officer in several ways. Firstly, a mortgage loan officer can help residents secure loans to purchase homes in the city's diverse neighborhoods, such as Mainstrasse Village or Peaselburg. Additionally, Covington has a rich history, and a mortgage loan officer can assist residents in obtaining loans for historical home renovations or restorations. Furthermore, with the city's proximity to Cincinnati, Ohio, a mortgage loan officer can provide guidance on obtaining loans for investment properties or vacation homes in nearby areas. Lastly, Covington is home to several small businesses, and a mortgage loan officer can help entrepreneurs secure loans to start or expand their businesses, contributing to the growth and development of the city's economy.

Tax Services

Residents of Covington, KY would greatly benefit from the expertise of a tax advisor. With the city's diverse population and various industries, tax laws and regulations can be complex and difficult to navigate. A tax advisor can help individuals and businesses in Covington maximize their tax savings, ensure compliance with local and federal tax laws, and provide guidance on financial planning. For example, with the city's strong presence in the manufacturing and healthcare industries, a tax advisor can provide specialized knowledge on tax incentives and deductions specific to those industries. Additionally, with Covington's proximity to Cincinnati and its status as a regional hub, a tax advisor can assist with cross-border tax issues and international tax planning. Overall, a tax advisor can provide invaluable support and guidance to residents of Covington, helping them navigate the complex world of taxation and achieve their financial goals.

Estate Planning Lawyer

Residents of Covington, KY can benefit from the services of an estate planning lawyer in numerous ways. One of the most common ways that an estate planning lawyer can help is by ensuring that their clients' assets are protected and distributed according to their wishes after their passing. In Covington, KY, where the population is predominantly comprised of working-class families, estate planning can be particularly crucial in ensuring that their hard-earned assets are not lost due to unforeseen circumstances, such as medical emergencies or sudden deaths. Additionally, an estate planning lawyer can help residents of Covington, KY navigate complex tax laws and regulations, which can be especially beneficial for those who own businesses or have significant assets. By working with an estate planning lawyer, residents of Covington, KY can have peace of mind knowing that their loved ones will be taken care of and their assets will be distributed according to their wishes.


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