Asset Management in Lake St. Louis, MO. Financial planning and asset management can be complex endeavors. Even the most financially educated Lake St. Louis, MO residents may find it difficult to follow market trends and know precisely how to best position. 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 Lake St. Louis, MO asset management team can do for you.
Our company is based on the principle of giving truthful and impartial counsel to Lake St. Louis, 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 create your ideal future, no matter how 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 order to achieve their financial goals. Asset management clients can be either Lake St. Louis, 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 good and dependable asset manager will take into account their client's personal risk tolerance and preferences and combine them with their knowledge and research to find the best investment options for them personally. The fiduciary mindset of Correct Capital's asset management team combined with our experience and research capabilities helps us eliminate the gap between our Lake St. Louis, MO clients' extant financial situation and their ultimate financial goals.
Schedule a Meeting With an Advisor Today
Correct Capital Wealth Management's office is physically located in St. Louis, MO, but we serve clients throughout the United States in both personal financial planning and corporate retirement plans.
Schedule a 15-Minute Introductory Call
Establishing a Plan to Effectively Manage Your Assets
A financial asset management plan is a roadmap that can help you make smart decisions about your money. However, creating a plan on your own is a risky endeavor those who don't have the time or knowledge to manage their assets themselves. That's where your financial advisor in Lake St. Louis, MO comes in. Correct Capital's wealth management team can provide experienced asset management by:
Analyzing Your Current Financial Situation
The first step in reaching your goals is understanding where you are now. 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 current financial situation, you can start to look at where you want your roadmap to take you.
Setting Goals and Objective
After you have assessed where you are now, the next part of the process is to establish achievable objectives. These objectives should be aligned with your personal values and long-term financial objectives. Those aims may include:
- Saving for retirement
- Saving for your childrens' education
- Creating an emergency fund
- Reducing debt
- Leaving a cash legacy for following generations
- Greater travel and leisure
- Philanthropy
If you're saving for retirement, would you rather spend your later years in villas or working your flower bed? 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 established your goals and objectives, the next part of the process is to start creating a well-balanced investment strategy. A diversified portfolio is a group of investments that is comprised of a blend of traditional or alternative assets. Diversification helps to reduce risk by investing in a variety of different assets or securities, so that if one asset doesn't perform well, they don't all suffer. 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 find a St. Louis financial advisor who will alter your asset management as life happens. This includes scrutinizing your investments consistently to ensure no adjustments needs to be made. Rebalancing and risk assessment should be done every year 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 Lake St. Louis, MO
Every Lake St. Louis, MO resident's financial situation is as unique as they are themselves. When you choose Correct Capital's financial advisors manage your assets, our first step is to get to know you as an individual. Wherever you are now and wherever you want to go, we are here to be your financial advocate. We offer every client with a bespoke financial gameplan that prioritizes choosing the best options 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 under the belief that trust is foundational to our relationships with our Lake St. Louis, MO clients. Trusting us with your finances means trusting us with your future. We aim 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 predict your future tax implications.
Why You Should Choose Correct Capital's Lake St. Louis, MO Financial Advisors for Your Asset Management
There are numerous "financial planning" advertisements on the internet, and it can be hard to figure out who to trust. Anyone can call themselves a "financial advisor," but our asset management team at Correct Capital holds titles that can only be awarded 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 obliged 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 strive to keep away from conflicts of interest, disclose them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our Lake St. Louis, MO asset management team works with only your needs in mind. When you hire us, you can be certain that your assets will be placed in the trustworthy hands of experienced professionals who understand the keys to for growing wealth.
Our I.O.U. Promise
At Correct Capital our financial advisors offer financial advice that is independent, objective, and unbiased. Even experienced Lake St. Louis, MO investors often find the full range of asset management complicated and exhausting. When you put your financial future in our dependable hands, we only do what's best for you and your money. As we are not bound to any large institution, we are not restricted in the investment strategies and products we have access to and endorse.
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. Additionally, 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 Lake St. Louis, 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 just put your wealth in the S&P 500 and assume that the market will grow your wealth for you. We look at a variety 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 endeavor to foresee movements in order to stay ahead of the curve. We are active and driven in our efforts to help our Lake St. Louis, MO clients get the most out of our 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
Call Correct Capital Today for Personalized Asset Management Services in Lake St. Louis, MO
You earned your money and deserve the future you envision for yourself and your Lake St. Louis, MO family. Savvy, active, and personalize asset management is an essential 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 compelled to act in your best interest. In Addition, we are sincerely invested in seeing Lake St. Louis, MO residents achieve their dreams. We utilize 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 reaching your financial dreams.
