Asset Management in Lemay, MO. Financial planning and asset management can be complex undertakings. Even the most financially knowledgeable Lemay, MO residents may find it demanding to stay on top of market trends and understand precisely the best ways to invest 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 discover more about what Correct Capital's Lemay, MO asset management team can do for you.
Our company is based on the principle of offering honest and unbiased counsel to Lemay, 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 build for your ideal future, however near or far that may be.
What Is Asset Management? | St. Louis, MO Financial Planning
The phrase asset management refers to the operation of directing a client's money and other financial resources in order to achieve their financial goals. Asset management clients are either Lemay, 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 dependable asset manager will evaluate their client's unique risk tolerance and preferences and unite them with their experience and research to find the best investment options for them personally. The fiduciary mindset of Correct Capital's asset management team combined with our knowledge and research capabilities permits us to eliminate the gap between our Lemay, MO clients' existing 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.
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Essentials of a Financial Asset Management Plan
A financial asset management plan is a blueprint for investing your money and creating a diversified portfolio that aligns your with your goals, risk tolerance, and time horizon. However, creating a plan on your own can be overwhelming for many who don't have the time or knowledge to actively build their wealth on their own. That's why you should hire a financial advisor in Lemay, MO. Correct Capital's wealth management team can provide experienced asset management by:
Analyzing Your Existing Financial Situation
The first step in reaching your goals is understanding where you are now. To do this, you need to look 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?
Once you and your St. Louis financial advisor have a clear understanding of your existing financial situation, you can start to look at where you want your roadmap to take you.
Establishing Goals and Objective
After you have assessed where you are now, the following step is to set achievable objectives. 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
- Reducing debt
- Leaving a financial legacy for following generations
- Greater travel and leisure
- Philanthropy
If you're prioritizing your retirement savings, would you prefer to spend your later years in luxury 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 assets, the more personalized your plan will be.
Building a Diversified Portfolio
Once you've established your goals and objectives, the next step is to start creating a well-balanced investment strategy. A diversified portfolio is a collection of investments that is comprised of a mix 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 work with a St. Louis financial advisor who will alter your asset management as your finances, needs, and goals change. This includes checking your investments regularly to ensure no adjustments needs to be made. Rebalancing and risk assessment should be done regularly to ensure your plan still aims towards your goals. Our check-up meetings can occur once a year or after major life changes.
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 needs are as unique as they are themselves. When you choose Correct Capital's financial advisors manage your assets, the first step we take is getting to know you personally. Wherever you are now and wherever you want to go, we are here to be your financial advocate. We give every client with a bespoke financial gameplan that prioritizes discovering the best solutions for long-term wealth growth. 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 Lemay, MO clients. Trusting us with your finances means trusting us with your future. We aim to build a relationship with you in order to appreciate your short and long-term goals and risk tolerance. We offer impartial advice to find your preferred asset allocation and help forecast your future tax implications.
Why You Should Choose Correct Capital's Lemay, MO Financial Advisors for Your Asset Management
There are many "financial planning" advertisements all over Lemay, MO, and understanding who to trust is complicated. Anyone is allowed to say they are a "financial advisor," but our asset management team at Correct Capital carries titles that can only be earned through years of education and experience and by complying with strict legal guidelines. The following 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 obliged to provide you with:
- A duty of care, in which the financial advisor serves the client with the competence, assiduousness, skill and, knowledge that a prudent professional ordinarily would; and
- A duty of loyalty, in which your financial advisor must strive 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 Lemay, MO asset management team only works for you. When you hire us, you can be confident that your assets will be managed by experienced professionals who know 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 knowledgeable Lemay, MO investors often find the full range of asset management convoluted and draining. When you put your financial future in our trustworthy hands, we only do what's best for you and your wealth. As we are not bound to any large institution, we are not restrained in the offerings 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. Moreover, being an RIA gives us access to a variety of 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. As well as being a fiduciary, an RIA, and having experienced retirement counselors, our Lemay, 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 won't just place your wealth in the S&P 500 and trust in the market to grow 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 reach your financial goals. We stay up-to-date on market trends and seek to foresee 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.
Clink on 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 Lemay, MO
You earned your money and deserve the future you envision for yourself and your Lemay, MO family. Savvy, active, and bespoke asset management is an essential aspect of planning for your future and making sure you get the most out of your hard work. Correct Capital's financial advisors and asset management team are legally and morally obligated to manage your assets in your best interest. Furthermore, we are genuinely invested in seeing Lemay, MO residents realize their dreams. We utilize our experience, knowledge and in-depth research to best assist our clients fulfill their financial goals. Call us today 877-930-4015 or contact us online to get started on realizing your financial dreams.