Asset Management in Lemay, MO. Financial planning and asset management can be complicated ventures. Even the most financially educated Lemay, MO residents may find it tough to follow market trends and recognize exactly 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 Lemay, MO asset management team can do for you.
Our company was founded on the idea of offering honest and objective counsel to Lemay, MO individuals and families. Our asset management philosophy is to serve the client and only the client. We use our decades of experience and in-depth research and analytics to help you create the future of your dreams, no matter 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 meet their financial goals. Asset management clients are either Lemay, MO individuals and families or companies. An asset could be cash or cash equivalents, stocks, bonds, real estate, master limited partnerships, or private equity.
When managing a client's assets, a professional and dependable asset manager will evaluate their client's individual risk tolerance and preferences and unite them with their knowledge and research to discover the best investment options for them personally. The fiduciary mindset of Correct Capital's asset management team along with our know-how and research abilities permits us to close the distance between our Lemay, MO clients' present financial situation and their ultimate financial goals.
Establishing a Plan to Effectively Manage Your Assets
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 by yourself can be time-consuming for those who don't have the expertise or interest to manage their assets on their own. That's where your financial advisor in Lemay, MO comes in. 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 grasp of where we're starting from. This involves looking at your assets, cashflow, and debts. Here are some important 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?
After 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 assessed your financial situation, the next part of the process is to set measurable objectives. These aims should make sense with the vision you have for your life. Those objectives may include:
- Saving for retirement
- Saving for your childrens' education
- Building an emergency fund
- Eliminating debt
- Leaving an inheritance for the next generation
- Greater travel and leisure
- Philanthropy
If you're prioritizing your retirement savings, would you prefer to spend your retirement years in expensive hotels or on your porch? If you want to build an inheritance, how many beneficiaries are there, and how much do you want each to receive? The more your financial advisor understands what you want to do with your money, the more detailed and precise your plan will be.
Building a Diversified Portfolio
After you've established where you want to go, it's time to start creating a diversified portfolio. A diversified portfolio is a collection of investments that consists of a mix of asset classes. Diversification decreases how much risk you take on 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 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 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 essential to find a St. Louis financial advisor who will alter your asset management as your finances, needs, and goals change. This involves looking over 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 check-up 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 Lemay, MO
Every Lemay, MO resident's financial circumstances are as unique as they are themselves. When you decide on Correct Capital's financial advisors for your asset management, the first step we take is getting to know you personally. Wherever you want to go in life and whenever you want to get there, we are here to act as your financial advocate. We offer all of our clients with a personalized financial gameplan that prioritizes discovering the best options 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 understanding that trust is foundational to our relationships with our Lemay, MO clients. Trusting us with your money means trusting us with your future. We endeavor to build a relationship with you in order to appreciate your short and long-term goals and risk tolerance. We offer unbiased advice to find your preferred asset allocation and help anticipate your future tax implications.
Why You Should Choose Correct Capital's Lemay, MO Financial Advisors for Your Asset Management
There are a lot of "financial planning" advertisements on the internet, and understanding who to trust is hard difficult. Anyone can call themselves a "financial advisor," but our asset management team at Correct Capital possesses titles that can only be earned through years of education and experience and strict legal compliance. Below are just a few of the features that allow our company to stand out among other financial advisors and asset managers.
Fiduciary Advisors
Fiduciary advisors must give their Lemay, 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 serves the client with the competence, diligence, skill and, knowledge that a prudent professional typically would; and
- A duty of loyalty, in which your financial advisor must endeavor to steer clear of conflicts of interest, divulge them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our Lemay, MO asset management team only works for you. When you hire us, you can be certain 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 adept Lemay, MO investors often find the full range of asset management complicated and fatiguing. When you put your financial future in our trustworthy hands, we do what's best for you and only you. As we have no obligation to any large institution, we are not restrained in the investment strategies and products we have access to and advise.
We Are a Registered Investment Advisor
Registered Investment Advisors (RIA) can only be awarded their title through the certification of a regulatory body overseeing the firm. Moreover, being an RIA allows us access to a wealth 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 Lemay, 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 assent to regulatory oversight.
We Are Proactive
We won't just put your funds in the S&P 500 and hope that the market grows 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 follow the latest market trends and aim to predict movements in order to stay ahead of the curve. We are active and driven in our efforts to help our Lemay, 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
- 401(k) For Small Business
- Small Business Retirement Plans
- Tax Planning
Call Correct Capital Today for Personalized Asset Management Services in Lemay, MO
Your money is the outcome of your hard work and the vision you have for yourself and your Lemay, MO family. Intelligent, active, and bespoke asset management is an essential part of planning for your future and making sure you get the best return on 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 sincerely invested in seeing Lemay, MO residents achieve 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 take the first step toward fulfilling your financial dreams.
