Asset Management in O'Fallon, IL. Financial planning and asset management can be complicated endeavors. Even the most financially savvy O'Fallon, IL residents might find it difficult to follow market trends and know exactly the best methods 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 meet your financial goals. Call us today at 877-930-4015 or contact us online to discover more about what Correct Capital's O'Fallon, IL asset management team can do for you.
Our company was founded on the idea of offering straightforward and objective counsel to O'Fallon, IL individuals and families. Our approach to asset management serves the client and only the client. We use our decades of experience and in-depth research and analytics to help you prepare for 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 an effort to achieve their financial goals. Asset management clients can be either O'Fallon, 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 professional and dependable asset manager will take into account their client's personal risk tolerance and preferences and unite them with their financial prowess and research to find the preferred investment options for them personally. The fiduciary mentality of Correct Capital's asset management team combined with our knowledge and research abilities allows us to close the distance between our O'Fallon, IL clients' extant financial situation and their ultimate financial goals.
Creating a Financial Asset Management Plan
A financial asset management plan is a blueprint for investing your money and creating a diversified portfolio that aligns with your long-term financial goals. However, creating a plan by yourself can be overwhelming for those who don't have the expertise or interest to actively build their wealth on their own. That's why you need to hire a financial advisor in O'Fallon, IL. Correct Capital's wealth management team can provide experienced asset management by:
Assessing Your Existing Financial Situation
The first step in getting you where you want to go is having a good grasp of where you're beginning your financial journey. To do this, you need to look at your income, expenses, debts, and assets. Below are some key 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
After you have assessed where you are now, the following step is to establish specific objectives. These goals 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 an inheritance for the next generation
- More free time
- Philanthropy
If you're prioritizing your retirement funds, would you prefer to spend your golden years in luxury or working your flower bed? If you want to leave a financal legacy, how many beneficiaries are there, and how much will each receive? 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
Once 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 is comprised of a mix of asset classes. Diversification helps to reduce risk by spreading your investments across different asset classes and sectors, so that one poor-performing asset doesn't put the rest of your plan at risk. 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 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
Lastly, it's essential to work with a St. Louis financial advisor who will review, monitor, and rebalance your portfolio regularly. This involves checking 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 aims towards 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 O'Fallon, IL
Every O'Fallon, IL resident's financial situation is as unique as they are themselves. When you pick Correct Capital's financial advisors for your asset management, the first step we take is getting to know you as an individual. Wherever you are now and wherever you want to go, we are here to act as your financial advocate. We give every client with a bespoke experience 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 understanding that trust is the foundation of our relationships with our O'Fallon, IL clients. When you trust us with your finances, you are also trusting us with your future. We strive to build a relationship with you in order to recognize 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 O'Fallon, IL Financial Advisors for Your Asset Management
There are many "financial planning" advertisements on the internet, and deciphering who to trust is complicated. Anybody can say they are a "financial advisor," but our asset management team at Correct Capital possesses titles that can only be obtained through years of education and experience and strict legal compliance. Below are just a handful of the aspects that help our company stand out among other financial advisors and asset managers.
Fiduciary Advisors
Being a fiduciary advisor requires 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 acts with the competence, assiduousness, skill and, knowledge that a prudent professional typically would; and
- A duty of loyalty, in which your financial advisor must aim to steer clear of conflicts of interest, disclose them when they are unpreventable, and manage them in your best interest.
As a fiduciary advisor, our O'Fallon, 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 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 O'Fallon, IL investors often find the full breadth 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 have no obligation to any large institution, we are not constrained in the offerings and products we have access to and recommend.
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. In addition, being an RIA allows us access to numerous 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. In addition to being a fiduciary, an RIA, and having experienced retirement counselors, our O'Fallon, IL Asset Management team is comprised of CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be obtained through experience, knowledge, and compliance to regulatory oversight.
We Are Proactive
We don't simply place your finances in the S&P 500 and assume that the market will grow 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 meet your financial goals. We stay up-to-date on market trends and aim to foresee movements in an effort to stay ahead of the curve. We are active and driven our O'Fallon, IL clients trust us with their asset management.
Take a look at 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 O'Fallon, IL
You earned your money and deserve the future you envision for yourself and your O'Fallon, IL family. Smart, active, and bespoke asset management is a key 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 obligated to act in your best interest. Furthermore, we are genuinely invested in seeing O'Fallon, IL 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 fulfilling your financial dreams.
