Asset Management in Fenton, MO. Financial planning and asset management can be complex endeavors. Even the most financially literate Fenton, MO residents may find it hard to follow market trends and know exactly the best means to situate their money for growth. At Correct Capital, our financial advisors and asset management team have the experience and the latest in technology in research capabilities to help you reach your financial goals. Call us today at 877-930-4015 or contact us online to find out more about what Correct Capital's Fenton, MO asset management team can do for you.
Our company was founded on the concept of giving straightforward and unbiased counsel to Fenton, MO individuals and families. Our approach to asset management serves 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, however 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 reach their financial goals. Asset management clients can be either Fenton, MO individuals and families or companies. An asset might be cash or cash equivalents, stocks, bonds, real estate, master limited partnerships, or private equity.
When managing a client's assets, a good and dependable asset manager will evaluate their client's individual risk tolerance and preferences and combine them with their financial prowess and research to discover the best investment options for them personally. The fiduciary mentality of Correct Capital's asset management team combined with our experience and research capabilities allows us to bridge the gap between our Fenton, MO clients' extant financial situation and their ultimate financial goals.
Creating a Financial Asset Management Plan
A financial asset management plan is a roadmap that can help you make informed decisions about your income and savings. However, creating a plan by yourself is a risky endeavor those who don't have the expertise or interest to manage their assets themselves. That's where your financial advisor in Fenton, MO comes in. Correct Capital's wealth management team can provide experienced asset management by:
Evaluating Your Existing Financial Situation
The first step in reaching your goals is understanding where you're beginning your financial journey. To do this, you need to look at your income, expenses, debts, and assets. 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 current financial situation, you can start to look at where you want to go.
Setting Goals and Objective
After you have assessed where you are now, the following part of the process is to make measurable goals. These goals should be aligned with the vision you have for your life. Those aims may include:
- Saving for retirement
- Saving for your childrens' education
- Creating an emergency fund
- Paying off debt
- Leaving a financial legacy for the next generation
- Greater travel and leisure
- Philanthropy
If you're saving for retirement, would you prefer to spend your later years in luxury or in your garden? 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 your goals, the more personalized your plan will be.
Building a Diversified Portfolio
After you've set where you want to go, the next part of the process is to start creating a diversified portfolio. A diversified portfolio is a group of investments that consists of a combination of asset classes. Diversification decreases how much risk you take on by spreading your investments across different asset classes and sectors, so that one poor-performing asset doesn't put the rest of your plan at risk. 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 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
Lastly, it's essential to find a St. Louis financial advisor who will alter your asset management as your finances, needs, and goals change. This includes checking your investments consistently to ensure that they are performing as expected and making adjustments as necessary. Rebalancing and risk assessment should be done every year to ensure your strategy still aligns with your goals. Our check-up 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 Fenton, MO
Every Fenton, MO resident's financial needs are as unique as they are themselves. When you pick Correct Capital's financial advisors manage your assets, our first step is to get to know your unique circumstances. Wherever you are now and wherever you want to go, we are here to act as your financial advocate. We give each client with a customized financial gameplan that prioritizes discovering the best solutions for growing their wealth. Our asset management team offers advice 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 foundational to our relationships with our Fenton, MO clients. Trusting us with your money means trusting us with your future. We endeavor 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 Fenton, MO Financial Advisors for Your Asset Management
There are innumerable "financial planning" advertisements around, and figuring out who to trust is hard difficult. Anyone can say they are a "financial advisor," but our asset management team at Correct Capital carries titles that can only be received through years of education and experience and by conforming to stringent legal guidelines. The following are just a handful of the aspects that allow our company to 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 required to provide you with:
- A duty of care, in which the financial advisor serves the client with the competence, assiduousness, skill and, knowledge that a prudent professional typically would; and
- A duty of loyalty, in which your financial advisor must attempt to keep away from conflicts of interest, reveal them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our Fenton, MO asset management team works with only your needs in mind. When you hire us, you can be confident 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 Fenton, MO investors often find the full range of asset management complex and taxing. When you put your financial future in our trustworthy hands, we do what's best for you and only you. As we are not bound to any large institution, we are not restrained in the offerings and products we have access to and endorse.
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. Additionally, being an RIA allows us access to a variety 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 Fenton, MO Asset Management team includes CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be awarded through experience, knowledge, and assent to regulatory oversight.
We Are Proactive
We don't simply put your finances in the S&P 500 and hope that the market grows your wealth for you. We look at a diverse range of investment options including ETFs, mutual funds, alternative investments and more to put you in position to meet your financial goals. We remain up-to-date on market trends and seek to foresee movements in an effort to stay ahead of the curve. We are active and driven in our efforts to help our Fenton, MO 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 Fenton, MO
Your money is the result of your hard work and the vision you have for yourself and your Fenton, MO family. Smart, 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 morally bound to act in your best interest. In Addition, we are genuinely invested in seeing Fenton, MO residents achieve their dreams. We implement our experience, knowledge and in-depth research to best assist our clients reach their financial goals. Call us today 877-930-4015 or contact us online to get started on realizing your financial dreams.
