Asset Management in Jefferson County, MO. Financial planning and asset management can be complex ventures. Even the most financially knowledgeable Jefferson County, MO residents may find it difficult to follow market trends and understand exactly how to best position. At Correct Capital, our financial advisors and asset management team have every resource and capability to help you realize your financial goals. Call us today at 877-930-4015 or contact us online to discover more about what Correct Capital's Jefferson County, MO asset management team can do for you.
Our company is based on the idea of giving honest and objective counsel to Jefferson County, MO individuals and families. Our approach to asset management serves the client and only the client. We depend on our decades of experience and in-depth research and analytics to help you build for the future of your dreams, regardless of how near or far that may be.
What Is Asset Management? | St. Louis, MO Financial Planning
The term asset management refers to the practice of handling a client's money and other financial resources in order to realize their financial goals. Asset management clients can be either Jefferson County, MO individuals and families or companies. An asset can be cash or cash equivalents, stocks, bonds, real estate, master limited partnerships, or private equity.
When managing a client's assets, a quality and reliable asset manager will take into account their client's personal risk tolerance and preferences and unite them with their expertise and research to find the preferred investment options for them personally. The fiduciary mentality of Correct Capital's asset management team combined with our knowledge and research abilities allows us to eliminate the gap 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 balanced portfolio that aligns with your long-term financial goals. However, creating a plan by yourself is a risky endeavor those who don't have the time or knowledge to actively build their wealth on their own. That's where your financial advisor in Jefferson County, MO comes in. 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 having a good grasp of where you're beginning your financial journey. 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 know your existing financial situation, you can start to look at destinations.
Setting Goals and Objective
Once you have assessed where you are now, the following step is to set measurable goals. These goals should be aligned with your personal values and long-term financial health. Those aims may include:
- Saving for retirement
- Saving for your childrens' education
- Creating an emergency fund
- Reducing debt
- Leaving an inheritance for the next generation
- More vacation time
- Philanthropy
If you're saving for retirement, would you prefer to spend your golden years in expensive hotels or working your flower bed? If you want to build an inheritance, how many beneficiaries are there, and how much will each receive? 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 where you want to go, you need to start creating a well-balanced investment mix. A diversified portfolio is a collection of investments that includes a combination 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 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 important to partner with a St. Louis financial advisor who will alter your asset management as your finances, needs, and goals change. This includes looking over your investments regularly to ensure that they are doing well and making adjustments as necessary. 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 events.
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 needs are as unique as they are themselves. When you decide on Correct Capital's financial advisors manage your assets, our first step is to get 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 each client with a customized 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 understanding that trust is the base of our relationships with our Jefferson County, 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 objective advice to find your preferred asset allocation and help predict your future tax implications.
Why You Should Choose Correct Capital's Jefferson County, MO Financial Advisors for Your Asset Management
There are a lot of "financial planning" advertisements around, and knowing who to trust is hard difficult. Anyone can say they are a "financial advisor," but our asset management team at Correct Capital possesses titles that can only be acquired through years of education and experience and strict legal compliance. Below are just some 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, diligence, skill and, knowledge that a prudent professional customarily would; and
- A duty of loyalty, in which your financial advisor must aim to avoid conflicts of interest, divulge them when they are unpreventable, and manage them in your best interest.
As a fiduciary advisor, our Jefferson County, MO asset management team works for you and only you. When you hire us, you can be sure that your assets will be placed in the trustworthy hands of 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 adroit Jefferson County, MO investors often find the full scope of asset management complex and fatiguing. When you put your financial future in our dependable hands, we do what's best for you and only you. As we are not pledged to any large institution, we are not limited in the investment options and products we have access to and recommend.
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 wealth 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. In addition to being a fiduciary, an RIA, and having experienced retirement counselors, our Jefferson County, MO Asset Management team includes CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be acquired through experience, knowledge, and conforming to regulatory oversight.
We Are Proactive
We won't just place your wealth 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 achieve 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 in our efforts to help our Jefferson County, MO clients get the most out of our asset management.
Check out the links below to see what other financial services we offer:
Call Correct Capital Today for Personalized Asset Management Services in Jefferson County, MO
Your money is the outcome of your hard work and the vision you have for yourself and your Jefferson County, MO family. Savvy, active, and customized asset management is a key aspect of planning for your future and making certain that you get the most out of your hard work. Correct Capital's financial advisors and asset management team are legally and morally bound to manage your assets in your best interest. Furthermore, we are sincerely invested in seeing Jefferson County, MO residents realize their dreams. We depend on 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 reaching your financial dreams.
