Asset Management in Kirkwood, MO. Financial planning and asset management can be complex ventures. Even the most financially educated Kirkwood, MO residents might find it tough to follow market trends and understand exactly the best methods to position 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 realize your financial goals. Call us today at 877-930-4015 or contact us online to learn more about what Correct Capital's Kirkwood, MO asset management team can do for you.
Our company was founded on the concept of giving straightforward and objective advice to Kirkwood, 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 your ideal future, however near or far that may be.
What Is Asset Management? | St. Louis, MO Financial Planning
The term asset management refers to the operation of positioning a client's money and other financial resources in an effort to meet their financial goals. Asset management clients can be either Kirkwood, 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 capable and responsible asset manager will take into account their client's individual risk tolerance and preferences and combine 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 experience and research capabilities helps us close the distance between our Kirkwood, MO 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 income and savings. However, creating a plan by yourself can be overwhelming for those who don't have the expertise or interest to manage their assets on their own. That's where your financial advisor in Kirkwood, MO 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 we're starting from. To do this, you need to look at your income, expenses, debts, and assets. Here are some key questions for you and your financial advisor consider:
- 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
Once you have assessed your financial situation, the next part of the process is to make achievable objectives. 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
- Creating an emergency fund
- Paying off debt
- Leaving an inheritance for the next generation
- More vacation time
- Philanthropy
If you're prioritizing your retirement savings, would you prefer to spend your golden years in expensive hotels or in your garden? If you want to build an inheritance, how many beneficiaries are there, and how much will each get? The more your financial advisor understands what you want to do with your assets, the more detailed and precise your plan will be.
Building a Diversified Portfolio
After you've set your goals and objectives, you need to start building a robust and diverse portfolio. A diversified portfolio is a collection of investments that is comprised of a combination of traditional or alternative assets. 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 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 important to partner with a St. Louis financial advisor who will review, monitor, and rebalance your portfolio regularly. This involves looking over your investments regularly to ensure that they are doing well and making adjustments as necessary. Rebalancing and risk assessment should be done every year to ensure your strategy still aims towards 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 Kirkwood, MO
Every Kirkwood, MO resident's financial needs are as unique as they are themselves. When you choose Correct Capital's financial advisors for your asset management, our first step is to get to know your unique circumstances. Wherever you are in life and wherever you want to go, we are here to act as your financial advocate. We offer all of our clients with a bespoke 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 understanding that trust is the base of our relationships with our Kirkwood, MO clients. When you trust us with your finances, you are also trusting us with your future. We seek to build a relationship with you in order to understand your short and long-term goals and risk tolerance. We offer honest advice to find your preferred asset allocation and help anticipate your future tax implications.
Why You Should Choose Correct Capital's Kirkwood, MO Financial Advisors for Your Asset Management
There are countless "financial planning" advertisements around, and it can be hard to understand who to trust. Anybody is allowed to advertise as a "financial advisor," but our asset management team at Correct Capital holds titles that can only be acquired through years of education and experience and by respecting strict legal regulations. The following are just some of the features that allow our company to stand out among other financial advisors and asset managers.
Fiduciary Advisors
Fiduciary advisors must offer their Kirkwood, MO clients an extremely high standard of care. A fiduciary advisor is legally obliged to provide you with:
- A duty of care, in which the financial advisor acts 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 steer clear of conflicts of interest, communicate them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our Kirkwood, 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 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 savvy Kirkwood, MO investors often find the full scope of asset management convoluted and fatiguing. When you put your financial future in our trustworthy hands, we only do what's best for you and your finances. As we are not pledged to any large institution, we are not restrained in the investment strategies and products we have access to and advocate.
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. Furthermore, 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 Kirkwood, MO Asset Management team includes CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be awarded through experience, knowledge, and conforming to regulatory oversight.
We Are Proactive
We won't simply invest your funds 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 reach your financial goals. We remain up-to-date on market trends and strive to anticipate movements in order to stay ahead of the curve. We are active and driven our Kirkwood, MO clients trust us with their 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 Kirkwood, MO
You earned your money and deserve the future you envision for yourself and your Kirkwood, MO family. Smart, 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 morally compelled to manage your assets in your best interest. Additionally, we are genuinely invested in seeing Kirkwood, MO 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 take the first step toward fulfilling your financial dreams.
