Asset Management in Fairview Heights, IL. Financial planning and asset management can be complex endeavors. Even the most financially savvy Fairview Heights, IL residents may find it difficult to follow market trends and recognize exactly how to best position. At Correct Capital, our financial advisors and asset management team have the experience and the latest in technology in research capabilities to help you realize your financial goals. Call us today at 877-930-4015 or contact us online to learn more about what Correct Capital's Fairview Heights, IL asset management team can do for you.
Our company is based on the principle of giving straightforward and unbiased guidance to Fairview Heights, 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, regardless of how near or far that may be.
What Is Asset Management? | St. Louis, MO Financial Planning
The phrase asset management refers to the operation of handling a client's money and other financial resources in order to meet their financial goals. Asset management clients can be either Fairview Heights, 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 trustworthy asset manager will look at their client's unique risk tolerance and preferences and combine them with their financial savvy and research to discover the preferred investment options for them personally. The fiduciary mindset of Correct Capital's asset management team combined with our knowledge and research abilities helps us bridge the gap between our Fairview Heights, IL clients' current financial situation and their ultimate financial goals.
Essentials of a Financial Asset Management Plan
A financial asset management plan will help you make informed decisions about your money. However, creating a plan by yourself 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 Fairview Heights, IL comes in. Correct Capital's wealth management team can provide experienced asset management by:
Assessing Your Current Financial Situation
The first step in getting you where you want to go is understanding where you're beginning your financial journey. 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 destinations.
Establishing Goals and Objective
Once you have assessed where you are now, the next part of the process is to make measurable goals. These goals should make sense with your personal values and long-term financial health. Those objectives may include:
- Saving for retirement
- Saving for your childrens' education
- Building an emergency fund
- Reducing debt
- Leaving a cash legacy for the next generation
- Greater travel and leisure
- Philanthropy
If you're prioritizing your retirement savings, would you prefer to spend your golden 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 receive? The more your financial advisor understands your goals, the more personalized your plan will be.
Building a Diversified Portfolio
Once you've set where you want to go, it's time to start creating a well-balanced investment mix. A diversified portfolio is a group of investments that consists of a blend of asset classes. Diversification helps to reduce risk by investing in a variety of different assets or securities, so that if one asset doesn't perform well, they don't all drop in value. 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 account for the different ways different investments are taxed.
- Alternate investments such as real estate, private equity, and commodities to diversify your portfolio beyond traditional asset classes.
Reviewing, Monitoring, and Rebalancing
Finally, it's essential to work with a St. Louis financial advisor who will review, monitor, and rebalance your portfolio regularly. This involves looking over your investments regularly to ensure no adjustments needs to be made. Rebalancing and risk assessment should be done regularly to ensure your strategy still aligns with your goals. Our monitoring meetings can occur once a year or after major life changes.
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 Fairview Heights, IL
Every Fairview Heights, IL resident's financial needs 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 personally. 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 every client with a bespoke financial gameplan that prioritizes choosing 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 knowing that trust is fundamental to our relationships with our Fairview Heights, IL clients. When you trust us with your wealth, you are also trusting us with your future. We strive to build a relationship with you in order to understand your short and long-term goals and risk tolerance. We offer impartial advice to find your preferred asset allocation and help anticipate your future tax implications.
Why You Should Choose Correct Capital's Fairview Heights, IL Financial Advisors for Your Asset Management
There are innumerable "financial planning" advertisements around, and it can be hard to understand who to trust. Anyone is allowed to call themselves a "financial advisor," but our asset management team at Correct Capital holds titles that can only be awarded through years of education and experience and by conforming to stringent legal regulations. The following are just a handful of the characteristics that make our company stand out among other financial advisors and asset managers.
Fiduciary Advisors
Fiduciary advisors must give their Fairview Heights, IL clients the highest standard of care. A fiduciary advisor is legally compelled to provide you with:
- A duty of care, in which the financial advisor serves the client with the competence, diligence, skill and, knowledge that a prudent professional customarily would; and
- A duty of loyalty, in which your financial advisor must endeavor to keep away from conflicts of interest, disclose them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our Fairview Heights, IL asset management team only works for you. When you hire us, you can trust that your assets will be managed by experienced professionals who know the keys to 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 Fairview Heights, IL investors often find the full breadth of asset management complex and draining. When you put your financial future in our dependable hands, we only do what's best for you and your finances. As we are not bound to any large institution, we are not constrained in the offerings and products we have access to and suggest.
We Are a Registered Investment Advisor
Registered Investment Advisors (RIA) can only receive their title through the certification of a regulatory body overseeing the firm. Furthermore, being an RIA gives us access to numerous investment tools, research, and in-depth analytics. You want to be sure 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 Fairview Heights, IL Asset Management team is comprised of CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be acquired through experience, knowledge, and compliance to regulatory oversight.
We Are Proactive
We don't just place your money in the S&P 500 and trust in the market to grow your wealth for you. We look at a wide variety 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 strive to foresee movements in an effort to stay ahead of the curve. We are active and driven in our efforts to help our Fairview Heights, 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
Call Correct Capital Today for Personalized Asset Management Services in Fairview Heights, IL
You earned your money and deserve the future you envision for yourself and your Fairview Heights, IL family. Savvy, active, and personalize asset management is an essential part of planning for your future and making sure you get the most out of your hard work. Correct Capital's financial advisors and asset management team are legally and morally obligated to manage your assets in your best interest. Additionally, we are genuinely invested in seeing Fairview Heights, IL residents realize their dreams. We utilize 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 take the first step toward reaching your financial dreams.
