Asset Management in Edwardsville, IL. Financial planning and asset management can be complicated endeavors. Even the most financially knowledgeable Edwardsville, IL residents may find it difficult to follow market trends and understand exactly the best methods to invest their money for growth. At Correct Capital, our financial advisors and asset management team have every resource and capability to help you meet your financial goals. Call us today at 314-930-401K or contact us online to find out more about what Correct Capital's Edwardsville, IL asset management team can do for you.
Our company is based on the concept of offering honest and unbiased guidance to Edwardsville, IL individuals and families. Our asset management philosophy is to serve the client and only the client. We depend on our decades of experience and in-depth research and analytics to help you build for your ideal future, no matter how near or far that may be.
What Is Asset Management? | St. Louis, MO Financial Planning
The term asset management refers to the operation of positioning a client's money and other financial resources in an effort to reach their financial goals. Asset management clients can be either Edwardsville, IL individuals and families or companies. Types of financial assets include cash or cash equivalents, stocks, bonds, real estate, master limited partnerships, or private equity.
When managing a client's assets, a good and reliable asset manager will analyze their client's unique risk tolerance and preferences and unite them with their financial savvy and research to find the best investment options for them personally. The fiduciary mindset of Correct Capital's asset management team combined with our know-how and research abilities permits us to close the distance between our Edwardsville, IL clients' present financial situation and their ultimate financial goals.
Establishing a Plan to Effectively Manage Your Assets
A financial asset management plan works to help you make smart decisions about your income and savings. However, creating a plan by yourself is a risky endeavor those who don't have the time or knowledge to manage their assets themselves. That's why you should hire a financial advisor in Edwardsville, IL. Correct Capital's wealth management team can provide experienced asset management by:
Evaluating Your Existing Financial Situation
The first step in building a financial roadmap is understanding where you're beginning your financial journey. To do this, you need to look at your assets, cashflow, and debts. Here are some important questions for you and your financial advisor talk about:
- What is your current income?
- What are your monthly expenses?
- How much debt do you have, and what are the interest rates on your debts?
- What assets do you have, and what are their values?
Once you and your St. Louis financial advisor know your current financial situation, you can start to look at where you want your roadmap to take you.
Setting Goals and Objective
After you have assessed where you are now, the next step is to make achievable goals. These objectives should make sense with your personal values and long-term financial health. Those aims may include:
- Saving for retirement
- Saving for your childrens' education
- Building an emergency fund
- Paying off debt
- Leaving an inheritance for the next generation
- Greater travel and leisure
If you're saving for retirement, would you rather spend your retirement years in luxury or on your porch? If you want to leave a financal legacy, how many beneficiaries are there, and how much will each receive? The more your financial advisor understands your goals, the more detailed and precise your plan will be.
Creating a Diversified Portfolio
Once you've established your goals and objectives, it's time to start creating a diversified portfolio. A diversified portfolio is a collection of investments that includes a combination of traditional or alternative assets. Diversification decreases how much risk you take on by spreading your investments across different asset classes and sectors, so that you minimize the potential for loss if one asset does poorly. Strategies for portfolio diversification include:
- Asset allocation into a range of investment options, including stocks, bonds, mutual funds, EFTs, and/or limited partnerships.
- Geographic diversification into different countries and regions to reduce your exposure to local economic events.
- Sector diversification to reduce the impact of industry-specific losses.
- Time diversification, meaning investing in assets with different time horizons, to minimize volatility.
- Tax diversification to limit your tax liability.
- Alternate investments such as real estate, private equity, and commodities to diversify your portfolio beyond traditional asset classes.
Reviewing, Monitoring, and Rebalancing
Lastly, it's essential to find a St. Louis financial advisor who will review, monitor, and rebalance your portfolio regularly. This involves checking your investments regularly to ensure no adjustments needs to be made. Rebalancing and risk assessment should be done regularly to ensure your strategy still aims towards your goals. Our check-up meetings can occur once a year or after major life changes.
Life comes at you – and changes – fast. With Correct Capital, your financial advisor and wealth management team will adapt with it to ensure your roadmap still leads to your financial goals.
Correct Capital's Approach to Asset Management in Edwardsville, IL
Every Edwardsville, IL resident's financial circumstances are as unique as they are themselves. When you decide on Correct Capital's financial advisors for your asset management, our first step is to get to know you as an individual. Wherever you are in life and wherever you want to go, we are here to be your financial advocate. We give all of our clients with a bespoke financial gameplan that prioritizes finding the best solutions for growing their wealth. Our asset management team can assist you in:
- 401(k) services and 401(k) rollover
- Retirement planning
- Tax Planning
- Generational wealth transfers
- Education savings for future generations
- Real estate transactions
- Investing your savings
- Insurance policies
At Correct Capital, we operate understanding that trust is the foundation of our relationships with our Edwardsville, IL clients. Trusting us with your wealth means trusting us with your future. We aim to build a relationship with you in order to understand your short and long-term goals and risk tolerance. We offer unbiased advice to find your preferred asset allocation and help anticipate your future tax implications.
Why You Should Choose Correct Capital's Edwardsville, IL Financial Advisors for Your Asset Management
There are copious "financial planning" advertisements throughout Edwardsville, IL, and it can be hard to know who to trust. Anyone can advertise as a "financial advisor," but our asset management team at Correct Capital possesses titles that can only be earned through years of education and experience and stringent legal compliance. Below are just some of the features that make our company stand out among other financial advisors and asset managers.
Fiduciary advisors must offer their Edwardsville, IL clients an incredibly high standard of care. A fiduciary advisor is legally compelled to provide you with:
- A duty of care, in which the financial advisor acts with the competence, diligence, skill and, knowledge that a prudent professional ordinarily would; and
- A duty of loyalty, in which your financial advisor must attempt to keep away from conflicts of interest, communicate them when they are unpreventable, and manage them in your best interest.
As a fiduciary advisor, our Edwardsville, IL asset management team works with only your needs in mind. When you hire us, you can be sure that your assets will be placed in the trustworthy hands of experienced professionals who know the solutions for growing wealth.
Our I.O.U. Promise
At Correct Capital our financial advisors proffer financial advice that is independent, objective, and unbiased. Even accomplished Edwardsville, IL investors often find the full breadth of asset management convoluted and draining. When you put your financial future in our trustworthy hands, we only do what's best for you and your money. As we are not pledged to any large institution, we are not constrained in the investment strategies and products we have access to and advise.
We Are a Registered Investment Advisor
Registered Investment Advisors (RIA) can only be awarded their title through the certification of a regulatory body overseeing the firm. Furthermore, being an RIA permits us access to a large number of investment tools, research, and in-depth analytics. You want to be confident that your hard-earned money is being managed by financial advisors who know what they're doing and have your best interest at heart. Besides being a fiduciary, an RIA, and having experienced retirement counselors, our Edwardsville, IL Asset Management team includes CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be received through experience, knowledge, and assent to regulatory oversight.
We Are Proactive
We don't simply place your money in the S&P 500 and trust in the market to grow your wealth for you. We look at a full scope of investment options including ETFs, mutual funds, alternative investments and more to put you in position to realize your financial goals. We follow the latest market trends and seek to anticipate movements in an effort to stay ahead of the curve. We are active and driven in our efforts to help our Edwardsville, IL clients get the most out of our asset management.
Take a look at the links below to see what other financial services we offer:
- Succession Planning
- Fiduciary Financial Advisor
- Company 401(k) Plans
- ESOP Advisor
- Self-Employed Retirement Plans
- 401(k) For Small Business
- Small Business Retirement Plans
- Tax Planning
- Social Security Consultants Near Me
- Retirement Calculator
Call Correct Capital Today for Personalized Asset Management Services in Edwardsville, IL
You earned your money and deserve the future you envision for yourself and your Edwardsville, IL family. Savvy, active, and personalize asset management is an important aspect of planning for your future and ensuring you get the best return on hard work. Correct Capital's financial advisors and asset management team are legally and ethically obligated to act in your best interest. Furthermore, we are sincerely invested in seeing Edwardsville, IL residents realize their dreams. We depend on our experience, knowledge and in-depth research to best help our clients meet their financial goals. Call us today 314-930-401K or contact us online to take the first step toward realizing your financial dreams.