Asset Management in Edwardsville, IL. Financial planning and asset management can be complex undertakings. Even the most financially knowledgeable Edwardsville, IL residents may find it hard to follow market trends and recognize precisely grow their wealth. At Correct Capital, our financial advisors and asset management team have every resource and capability to help you reach your financial goals. Call us today at 877-930-4015 or contact us online to learn more about what Correct Capital's Edwardsville, IL asset management team can do for you.
Our company was founded on the principle of giving truthful and impartial guidance to Edwardsville, IL individuals and families. Our asset management philosophy is to serve the client and only the client. We utilize our decades of experience and in-depth research and analytics to help you create your ideal future, no matter how near or far that may be.
What Is Asset Management? | St. Louis, MO Financial Planning
The phrase asset management refers to the practice of handling a client's money and other financial resources in an effort to realize 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 capable and trustworthy asset manager will evaluate their client's unique risk tolerance and preferences and combine them with their financial savvy and research to discover the best investment options for them personally. The fiduciary mentality of Correct Capital's asset management team combined with our knowledge and research capabilities 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 on your own is a risky endeavor many who don't have the time or knowledge to actively build their wealth on their own. That's where your financial advisor in Edwardsville, IL comes in. Correct Capital's wealth management team can assist you by:
Assessing Your Current Financial Situation
The first step in building a financial roadmap is understanding where you are now. To do this, you need to look at your assets, cashflow, and debts. Your financial advisor will likely ask you:
- 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 have a clear understanding of your existing financial situation, you can start to look at where you want your roadmap to take you.
Setting Goals and Objective
Once you have assessed your financial situation, the next step is to set achievable aims. These objectives should be aligned with the vision you have for your life. Those goals may include:
- Saving for retirement
- Saving for your childrens' education
- Building an emergency fund
- Paying off debt
- Leaving a financial legacy for following generations
- More vacation time
- Philanthropy
If you're prioritizing your retirement funds, would you prefer to spend your later years in luxury or working your flower bed? If you want to leave a financal legacy, how many beneficiaries are there, and how much will each get? The more your financial advisor understands what you want to do with your money, the more detailed and precise your plan will be.
Creating a Diversified Portfolio
After you've established your goals and objectives, the next step is to start creating a well-balanced investment mix. A diversified portfolio is a collection of investments that includes a blend of asset classes. Diversification helps to reduce risk by investing in a variety of different assets or securities, 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 the impact of local economic events.
- Sector diversification to reduce industry-specific risk.
- 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 important to find a St. Louis financial advisor who will review, monitor, and rebalance your portfolio regularly. This includes looking over your investments regularly to ensure that they are performing as expected and making adjustments as necessary. Rebalancing and risk assessment should be done regularly to ensure your plan still aligns with your goals. Our monitoring meetings can occur once a year or after major life events.
Life happens – 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 situation is as unique as they are themselves. When you choose Correct Capital's financial advisors manage your assets, the first thing we do to know you as an individual. Wherever you want to go in life and whenever you want to get there, we are here to act as your financial advocate. We give all of our clients with a customized experience that prioritizes choosing the best options for long-term wealth growth. Our asset management team can help you with:
- 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 under the belief that trust is the foundation of our relationships with our Edwardsville, IL clients. When you trust us with your finances, you are also trusting us with your future. We strive to build a relationship with you in order to recognize your short and long-term goals and risk tolerance. We offer straightforward advice to find your preferred asset allocation and help predict your future tax implications.
Why You Should Choose Correct Capital's Edwardsville, IL Financial Advisors for Your Asset Management
There are a bunch of "financial planning" advertisements on the internet, and understanding who to trust is hard difficult. 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. The following are just a handful of the aspects that help our company stand out among other financial advisors and asset managers.
Fiduciary Advisors
Being a fiduciary advisor requires the highest standard of care. A fiduciary advisor is legally obligated 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 normally would; and
- A duty of loyalty, in which your financial advisor must attempt to avoid conflicts of interest, reveal them when they are unavoidable, 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 managed by experienced professionals who understand the keys to for growing wealth.
Our I.O.U. Promise
At Correct Capital our financial advisors offer financial advice that is independent, objective, and unbiased. Even learned Edwardsville, IL investors often find the full breadth of asset management convoluted and exhausting. When you put your financial future in our dependable 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 options and products we have access to and recommend.
We Are a Registered Investment Advisor
Registered Investment Advisors (RIA) can only obtain their title through the certification of a regulatory body overseeing the firm. Additionally, being an RIA gives us access to a wide range of investment tools, research, and in-depth analytics. You want to be certain your hard-earned money is being managed by financial advisors who know what they're doing and have your best interest at heart. As well as 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 obtained through experience, knowledge, and assent to regulatory oversight.
We Are Proactive
We won't simply place your wealth in the S&P 500 and hope that the market grows 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 order to stay ahead of the curve. We are active and driven our Edwardsville, IL clients trust us with their asset management.
Check out 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
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 customized asset management is a key part of planning for your future and ensuring you get the most out of your hard work. Correct Capital's financial advisors and asset management team are legally and ethically bound to act in your best interest. In Addition, we are sincerely invested in seeing Edwardsville, IL residents achieve their dreams. We use our experience, knowledge and in-depth research to best help our clients fulfill their financial goals. Call us today 877-930-4015 or contact us online to get started on achieving your financial dreams.
