Asset Management in Madison County, IL. Financial planning and asset management can be complicated endeavors. Even the most financially educated Madison County, IL residents might find it tough to stay on top of market trends and recognize precisely the best methods to position their money for growth. 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 314-930-401K or contact us online to discover more about what Correct Capital's Madison County, IL asset management team can do for you.
Our company was founded on the idea of offering honest and objective guidance to Madison County, IL individuals and families. Our asset management philosophy is to serve the client and only the client. We utilize our decades of experience and in-depth research and analytics to help you prepare for your ideal future, however near or far that may be.
What Is Asset Management? | St. Louis, MO Financial Planning
The term asset management refers to the operation of handling a client's money and other financial resources in an effort to meet their financial goals. Asset management clients are either Madison County, IL 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 trustworthy asset manager will take into account their client's individual risk tolerance and preferences and unite them with their financial prowess and research to discover the best investment options for them personally. The fiduciary mentality of Correct Capital's asset management team combined with our experience and research capabilities allows us to close the distance between our Madison County, IL clients' extant financial situation and their ultimate financial goals.
Essentials of a Financial Asset Management Plan
A financial asset management plan will help you make informed decisions about your income and savings. However, creating a plan on your own can be time-consuming for those who don't have the time or knowledge to manage their assets on their own. That's where your financial advisor in Madison County, IL comes in. Correct Capital's wealth management team can assist you by:
Evaluating Your Current Financial Situation
The first step in getting you where you want to go 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 destinations.
Establishing Goals and Objective
Once you have assessed your financial situation, the following step is to set measurable objectives. These objectives should make sense with your personal values and long-term financial health. Those goals may include:
- Saving for retirement
- Saving for your childrens' education
- Building an emergency fund
- Reducing debt
- Leaving an inheritance for the next generation
- Greater travel and leisure
If you're prioritizing your retirement funds, would you rather spend your golden years in luxury 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 receive? The more your financial advisor understands your goals, the more detailed and precise your plan will be.
Creating a Diversified Portfolio
Once you've established your goals and objectives, you need to start creating a well-balanced investment mix. A diversified portfolio is a collection of investments that consists of a blend of traditional or alternative assets. 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 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 partner with a St. Louis financial advisor who will alter your asset management as life happens. This involves scrutinizing your investments regularly to ensure that they are performing as expected and making adjustments as necessary. Rebalancing and risk assessment should be done regularly to ensure your strategy still aligns with your goals. Our check-up 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 Madison County, IL
Every Madison County, IL resident's financial situation is as unique as they are themselves. When you select Correct Capital's financial advisors manage your assets, the first step we take is getting to know you as an individual. Wherever you want to go in life and whenever you want to get there, we are here to act as your financial advocate. We give all of our clients with a bespoke experience that prioritizes finding 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 under the belief that trust is the base of our relationships with our Madison County, IL clients. Trusting us with your finances means trusting us with your future. We aim to build a relationship with you in order to understand 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 Madison County, IL Financial Advisors for Your Asset Management
There are many "financial planning" advertisements around, and understanding who to trust is hard difficult. Anyone is allowed to advertise as a "financial advisor," but our asset management team at Correct Capital carries titles that can only be awarded through years of education and experience and stringent legal compliance. Below are just a few of the characteristics that make our company stand out among other financial advisors and asset managers.
Being a fiduciary advisor requires an extremely high 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, assiduity, 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, disclose them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our Madison County, IL asset management team works for you and only you. When you hire us, you can be confident that your assets will be managed by experienced professionals who know 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 experienced Madison County, IL investors often find the full scope of asset management complicated and taxing. When you put your financial future in our dependable hands, we do what's best for you and only you. As we are not pledged to any large institution, we are not constrained in the offerings and products we have access to and suggest.
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 gives us access to a large number of investment tools, research, and in-depth analytics. You want to be certain your hard-earned money is being managed by financial advisors who know what they're doing and have your best interest at heart. Besides 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 received through experience, knowledge, and compliance to regulatory oversight.
We Are Proactive
We won't simply place your wealth in the S&P 500 and assume that the market will 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 stay up-to-date on market trends and aim to predict movements in an effort 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:
- Fiduciary Financial Advisor
- Company 401(k) Plans
- ESOP Advisor
- Self-Employed Retirement Plans
- 401(k) For Small Business
- Small Business Retirement Plans
- Tax Planning
- Social Security Consultants Near Me
- Retirement Calculator
- Retirement Planning
Call Correct Capital Today for Personalized Asset Management Services in Madison County, IL
You earned your money and deserve the future you envision for yourself and your Madison County, IL family. Smart, active, and customized asset management is an important part of planning for your future and making certain that you get the best return on hard work. Correct Capital's financial advisors and asset management team are legally and ethically bound to manage your assets in your best interest. In Addition, we are genuinely invested in seeing Madison County, IL residents achieve their dreams. We utilize our experience, knowledge and in-depth research to best help our clients reach their financial goals. Call us today 314-930-401K or contact us online to get started on achieving your financial dreams.