Asset Management in Jefferson County, MO. Financial planning and asset management can be complicated undertakings. Even the most financially educated Jefferson County, MO residents might find it difficult to stay on top of market trends and know precisely grow their wealth. 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 Jefferson County, MO asset management team can do for you.
Our company was founded on the idea of giving straightforward and objective guidance to Jefferson County, MO 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 prepare for 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 positioning a client's money and other financial resources in order to meet their financial goals. Asset management clients can be either Jefferson County, MO 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 reliable asset manager will consider their client's personal risk tolerance and preferences and unite them with their expertise and research to find the best investment options for them personally. The fiduciary mentality of Correct Capital's asset management team along with our knowledge and research abilities allows us to close the distance between our Jefferson County, MO clients' extant financial situation and their ultimate financial goals.
Essentials of a Financial Asset Management Plan
A financial asset management plan is a blueprint for managing your assets and creating a diversified portfolio that aligns your with your goals, risk tolerance, and time horizon. However, creating a plan on your own can be overwhelming for those who don't have the expertise or interest to manage their assets themselves. That's where your financial advisor in Jefferson County, MO comes in. Correct Capital's wealth management team can provide experienced asset management by:
Analyzing Your Current Financial Situation
The first step in building a financial roadmap is having a good grasp of where we're starting from. This involves looking 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.
Setting Goals and Objective
Once you have evaluated your financial situation, the following step is to establish specific objectives. These objectives should be aligned 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
- Eliminating debt
- Leaving a cash legacy for following generations
- More free time
- Philanthropy
If you're prioritizing your retirement funds, would you rather spend your golden years in villas or on your porch? If you want to build an inheritance, 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.
Building a Diversified Portfolio
After you've set your goals and objectives, the next step is to start creating a diversified portfolio. A diversified portfolio is a group of investments that includes a blend of asset classes. Diversification helps to reduce risk 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 the impact of 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
Finally, it's essential to find a St. Louis financial advisor who will alter your asset management as your finances, needs, and goals change. This involves scrutinizing your investments consistently to ensure no adjustments needs to be made. Rebalancing and risk assessment should be done every year to ensure your plan still aims towards your goals. Our monitoring 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 Jefferson County, MO
Every Jefferson County, MO resident's financial circumstances are as unique as they are themselves. When you decide on Correct Capital's financial advisors manage your assets, the first step we take is getting to know you personally. Wherever you are in life and wherever you want to go, we are here to be your financial advocate. We offer all of our clients with a personalized experience that prioritizes discovering the best solutions 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 knowing that trust is the foundation of our relationships with our Jefferson County, MO clients. Trusting us with your wealth means trusting us with your future. We seek to build a relationship with you in order to recognize your short and long-term goals and risk tolerance. We offer impartial advice to find your preferred asset allocation and help forecast your future tax implications.
Why You Should Choose Correct Capital's Jefferson County, MO Financial Advisors for Your Asset Management
There are copious "financial planning" advertisements on the web, and deciphering who to trust is hard difficult. Anybody is allowed to advertise as a "financial advisor," but our asset management team at Correct Capital has titles that can only be awarded through years of education and experience and strict legal compliance. The following are just a few of the aspects that allow our company to stand out among other financial advisors and asset managers.
Fiduciary Advisors
Fiduciary advisors must give their Jefferson County, MO clients 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 ordinarily would; and
- A duty of loyalty, in which your financial advisor must attempt to keep away from conflicts of interest, disclose them when they are unpreventable, and manage them in your best interest.
As a fiduciary advisor, our Jefferson County, MO asset management team only works for you. When you hire us, you can trust that your assets will be managed by experienced professionals who understand 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 knowledgeable Jefferson County, MO investors often find the full breadth of asset management convoluted and fatiguing. 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 restricted in the investment options and products we have access to and advise.
We Are a Registered Investment Advisor
Registered Investment Advisors (RIA) can only acquire their title through the certification of a regulatory body overseeing the firm. In addition, being an RIA allows us access to a wide range of 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 Jefferson County, MO Asset Management team is comprised of CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be awarded through experience, knowledge, and compliance to regulatory oversight.
We Are Proactive
We don't simply place your finances 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 meet your financial goals. We stay up-to-date on market trends and seek to predict movements in an effort to stay ahead of the curve. We are active and driven our Jefferson County, MO 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
- Small Business Retirement Plans
- Tax Planning
Call Correct Capital Today for Personalized Asset Management Services in Jefferson County, MO
Your money is the result of your hard work and the vision you have for yourself and your Jefferson County, MO family. Intelligent, active, and bespoke asset management is a vital aspect of planning for your future and making certain that you get the best return on hard work. Correct Capital's financial advisors and asset management team are legally and ethically compelled to manage your assets in your best interest. Furthermore, we are sincerely invested in seeing Jefferson County, MO residents realize their dreams. We use our experience, knowledge and in-depth research to best assist our clients meet their financial goals. Call us today 877-930-4015 or contact us online to get started on fulfilling your financial dreams.
