Asset Management in Madison County, IL. Financial planning and asset management can be complex endeavors. Even the most financially literate Madison County, IL residents might find it tough to stay on top of market trends and understand 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 reach your financial goals. Call us today at 877-930-4015 or contact us online to discover more about what Correct Capital's Madison County, IL asset management team can do for you.
Our company is based on the concept of offering truthful and objective guidance to Madison County, IL 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, 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 practice of handling a client's money and other financial resources in order to realize their financial goals. Asset management clients are either Madison County, IL 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 reliable asset manager will take into account their client's unique risk tolerance and preferences and merge them with their financial savvy and research to find the best investment options for them personally. The fiduciary mentality of Correct Capital's asset management team combined with our experience and research abilities helps us close the distance between our Madison County, IL 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
Essentials of a Financial Asset Management Plan
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 on your own can be time-consuming for those who don't have the expertise or interest to actively build their wealth themselves. That's where your financial advisor in Madison County, IL comes in. Correct Capital's wealth management team can assist you by:
Analyzing Your Existing Financial Situation
The first step in reaching your goals is understanding where you're beginning your financial journey. This involves looking at your assets, cashflow, and debts. Here are some key questions for you and your financial advisor go over:
- 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 destinations.
Setting Goals and Objective
Once you have assessed where you are now, the next step is to set achievable goals. These goals should make sense with the vision you have for your life. Those goals may include:
- Saving for retirement
- Saving for your childrens' education
- Creating an emergency fund
- Reducing debt
- Leaving an inheritance for following generations
- More free time
- Philanthropy
If you're saving for retirement, would you prefer to spend your retirement years in villas or in your garden? 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 what you want to do with your money, the more personalized your plan will be.
Building a Diversified Portfolio
After you've set where you want to go, the next step is to start creating a robust and diverse portfolio. A diversified portfolio is a group of investments that consists 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 includes examining your investments consistently to ensure that they are doing well and making adjustments as necessary. Rebalancing and risk assessment should be done every year to ensure your plan 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 Madison County, IL
Every Madison County, IL resident's financial circumstances are 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 personally. Wherever you are in life and wherever you want to go, we are here to act as your financial advocate. We give each client with a bespoke experience that prioritizes finding 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 under the belief that trust is the basis of our relationships with our Madison County, IL clients. Trusting us with your money 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 straightforward advice to find your preferred asset allocation and help predict your future tax implications.
Why You Should Choose Correct Capital's Madison County, IL Financial Advisors for Your Asset Management
There are many "financial planning" advertisements on the web, and understanding who to trust is hard difficult. Anybody is allowed to say they are a "financial advisor," but our asset management team at Correct Capital possesses titles that can only be acquired through years of education and experience and stringent legal compliance. Below are just a few of the features that make our company stand out among other financial advisors and asset managers.
Fiduciary Advisors
Fiduciary advisors must offer their Madison County, IL clients an exceptionally high standard of care. A fiduciary advisor is legally required 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 normally 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 unavoidable, and manage them in your best interest.
As a fiduciary advisor, our Madison County, IL asset management team only works for you. When you hire us, you can be certain that your assets will be placed in the trustworthy hands of 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 learned Madison County, IL investors often find the full extent of asset management complex and draining. 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 limited in the investment options and products we have access to and recommend.
We Are a Registered Investment Advisor
Registered Investment Advisors (RIA) can only obtain their title through the certification of a regulatory body overseeing the firm. In addition, being an RIA allows us access to a large number 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 Madison County, IL Asset Management team includes CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be acquired through experience, knowledge, and conforming to regulatory oversight.
We Are Proactive
We won't just invest your money 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 realize your financial goals. We follow the latest market trends and endeavor to predict movements in order to stay ahead of the curve. We are active and driven in our efforts to help our Madison County, IL 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 Madison County, IL
Your money is the result of your hard work and the vision you have for yourself and your Madison County, IL family. Intelligent, active, and customized asset management is an essential part of planning for your future and making certain that you get the most out of your hard work. Correct Capital's financial advisors and asset management team are legally and morally compelled to act in your best interest. In Addition, we are genuinely invested in seeing Madison County, IL residents realize their dreams. We implement 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.