Security Center Alerts
Succession Planning
Preserve Wealth by Minimizing Tax Liabilities
Succession planning in wealth management is crucial for ensuring a smooth and efficient transfer of assets to the next generation. It helps preserve wealth by minimizing tax liabilities and preventing disputes among heirs and partners, thus protecting the financial legacy. For business owners, it ensures continuity by preparing successors to maintain operations seamlessly after their departure. By providing a clear distribution plan and optimizing tax efficiency, succession planning enhances financial security for family members and aligns with the original owner's wishes. It also safeguards personal values and business philosophies, offering control over how assets are managed and passed on, ultimately providing peace of mind.
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA / SIPC) . Insurance products are offered through LPL or its licensed affiliates. Salem Five Bank and Salem Five Wealth Advisors are not registered as a broker/dealer or investment advisor.
Registered representatives of LPL offer products and services using the name Salem Five Wealth Advisors and may also be employees of Salem Five Bank. These products and services are offered through LPL or its affiliates, which are separate entities from and not affiliates of Salem Five Bank or Salem Five Wealth Advisors.
The LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
Salem Five Bank provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. Salem Five Bank is not a current client of LPL for advisory services.
Please visit: https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html
LPL Financial Form CRS
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA / SIPC) . Insurance products are offered through LPL or its licensed affiliates. Salem Five Bank and Salem Five Wealth Advisors are not registered as a broker/dealer or investment advisor.
Registered representatives of LPL offer products and services using the name Salem Five Wealth Advisors and may also be employees of Salem Five Bank. These products and services are offered through LPL or its affiliates, which are separate entities from and not affiliates of Salem Five Bank or Salem Five Wealth Advisors.
- Not Insured by FDIC or Any Other Government Agency
- Not Bank Guaranteed
- Not Bank Deposits or Obligations
- May Lose Value
Salem Five Bank provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. Salem Five Bank is not a current client of LPL for advisory services.
Please visit: https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html
LPL Financial Form CRS