Asset Management in Kirkwood, MO. Financial planning and asset management can be complex endeavors. Even the most financially literate Kirkwood, MO residents might find it difficult to follow market trends and understand exactly grow their wealth. At Correct Capital, our financial advisors and asset management team have every resource and capability to help you meet your financial goals. Call us today at 877-930-4015 or contact us online to discover more about what Correct Capital's Kirkwood, MO asset management team can do for you.
Our company was founded on the idea of offering truthful and impartial guidance to Kirkwood, 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 the future of your dreams, 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 managing a client's money and other financial resources in an effort to reach their financial goals. Asset management clients are either Kirkwood, 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 quality and trustworthy asset manager will analyze their client's individual risk tolerance and preferences and merge 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 experience and research abilities allows us to bridge the gap between our Kirkwood, MO clients' current financial situation and their ultimate financial goals.
Creating a Financial Asset Management Plan
A financial asset management plan is a blueprint for investing your money and creating a balanced portfolio that aligns your with your goals, risk tolerance, and time horizon. However, creating a plan on your own is a risky endeavor many who don't have the time or knowledge to manage their assets themselves. That's why you should hire a financial advisor in Kirkwood, MO. Correct Capital's wealth management team can assist you by:
Assessing Your Existing Financial Situation
The first step in building a financial roadmap is having a good sense of where we're starting from. This involves looking 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?
After you and your St. Louis financial advisor know your existing financial situation, you can start to look at where you want to go.
Establishing Goals and Objective
After you have evaluated your financial situation, the following step is to set achievable goals. These goals should make sense with your personal values and long-term financial objectives. Those objectives may include:
- Saving for retirement
- Saving for your childrens' education
- Creating an emergency fund
- Paying off debt
- Leaving an inheritance for following generations
- Greater travel and leisure
- Philanthropy
If you're prioritizing your retirement funds, would you prefer to spend your later years in expensive hotels or working your flower bed? If you want to build an inheritance, how many beneficiaries are there, and how much do you want each to get? The more your financial advisor understands your goals, the more detailed and precise your plan will be.
Building a Diversified Portfolio
Once you've set your goals and objectives, the next step is to start building a well-balanced investment strategy. A diversified portfolio is a group of investments that includes a mix of asset classes. Diversification decreases how much risk you take on by investing in a variety of different assets or securities, so that if one part of your portfolio doesn't do 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 your exposure to 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 important to find a St. Louis financial advisor who will alter your asset management as life happens. This involves checking 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 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 Kirkwood, MO
Every Kirkwood, MO resident's financial needs 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 your unique circumstances. Wherever you are now and wherever you want to go, we are here to act as your financial advocate. We offer each client with a personalized financial gameplan that prioritizes discovering the best solutions for growing their wealth. 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 under the belief that trust is fundamental to our relationships with our Kirkwood, MO clients. When you trust us with your money, 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 straightforward advice to find your preferred asset allocation and help predict your future tax implications.
Why You Should Choose Correct Capital's Kirkwood, MO Financial Advisors for Your Asset Management
There are many "financial planning" advertisements on the internet, and it can be difficult to understand who to trust. Anyone can call themselves 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 by following strict legal regulations. 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 offer their Kirkwood, MO 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 acts with the competence, diligence, 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, divulge them when they are unpreventable, and manage them in your best interest.
As a fiduciary advisor, our Kirkwood, MO asset management team works with only your goals in mind. When you hire us, you can be sure 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 adept Kirkwood, MO investors often find the full scope of asset management convoluted 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 have no obligation to any large institution, we are not restricted in the offerings 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. In addition, being an RIA allows us access to a wide range 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. As well as being a fiduciary, an RIA, and having experienced retirement counselors, our Kirkwood, MO Asset Management team is comprised of CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be obtained through experience, knowledge, and assent to regulatory oversight.
We Are Proactive
We don't just put your funds in the S&P 500 and trust in the market to grow 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 follow the latest market trends and endeavor to predict movements in an effort 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. Intelligent, active, and customized asset management is a vital aspect 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 ethically bound to act in your best interest. In Addition, we are genuinely invested in seeing Kirkwood, MO residents achieve their dreams. We depend on 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 take the first step toward achieving your financial dreams.
