Asset Management in O'Fallon, IL. Financial planning and asset management can be complicated ventures. Even the most financially savvy O'Fallon, IL residents may find it demanding to stay on top of market trends and recognize exactly the best means 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 reach 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 is based on the principle of offering truthful and objective advice 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 term asset management refers to the operation of directing a client's money and other financial resources in an effort to reach their financial goals. Asset management clients can be either O'Fallon, IL individuals and families or companies. An asset might be cash or cash equivalents, stocks, bonds, real estate, master limited partnerships, or private equity.
When managing a client's assets, a quality and responsible asset manager will look at their client's personal risk tolerance and preferences and unite them with their financial savvy and research to find the preferred investment options for them personally. The fiduciary mindset of Correct Capital's asset management team combined with our experience and research capabilities allows us to eliminate the gap between our O'Fallon, IL clients' extant financial situation and their ultimate financial goals.
Establishing a Plan to Effectively Manage Your Assets
A financial asset management plan will help you make smart decisions about your income and savings. However, creating a plan on your own is a risky endeavor those who don't have the time or knowledge to manage their assets themselves. That's why you should hire a financial advisor in O'Fallon, IL. Correct Capital's wealth management team can assist you by:
Assessing Your Existing Financial Situation
The first step in getting you where you want to go is having a good sense of where you're beginning your financial journey. 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 evaluated your financial situation, the next part of the process is to establish achievable objectives. These goals 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
- More free time
- Philanthropy
If you're prioritizing your retirement savings, 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 your goals, the more customized your plan will be.
Creating a Diversified Portfolio
Once you've established where you want to go, the next step is to start creating a well-balanced investment mix. A diversified portfolio is a group of investments that is comprised of a blend 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 your exposure to 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 limit your tax liability.
- 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 alter your asset management as life happens. This involves scrutinizing your investments regularly 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 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 O'Fallon, IL
Every O'Fallon, IL resident's financial situation is as unique as they are themselves. When you decide on Correct Capital's financial advisors manage your assets, the first thing we do to know your unique circumstances. Wherever you are in life and wherever you want to go, we are here to be your financial advocate. We give each client with a personalized financial gameplan that prioritizes discovering the best solutions for long-term wealth growth. Our asset management team offers advice 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 fundamental to our relationships with our O'Fallon, IL clients. Trusting us with your wealth 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 impartial advice to find your preferred asset allocation and help forecast your future tax implications.
Why You Should Choose Correct Capital's O'Fallon, IL Financial Advisors for Your Asset Management
There are a lot of "financial planning" advertisements around, and knowing 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 acquired through years of education and experience and by obeying strict legal guidelines. The following are just a few of the aspects that allow our company to 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 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 attempt to keep away from conflicts of interest, divulge them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our O'Fallon, IL asset management team works for you and only you. When you hire us, you can be sure 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 O'Fallon, IL investors often find the full extent of asset management convoluted and taxing. When you put your financial future in our trustworthy hands, we only do what's best for you and your finances. As we have no obligation to any large institution, we are not restrained in the investment options and products we have access to and endorse.
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 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. Besides being a fiduciary, an RIA, and having experienced retirement counselors, our O'Fallon, IL Asset Management team includes CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be acquired through experience, knowledge, and compliance to regulatory oversight.
We Are Proactive
We won't simply put your finances in the S&P 500 and hope that the market grows 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 realize your financial goals. We follow the latest 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 O'Fallon, IL 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
- 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. Intelligent, active, and personalize asset management is an important 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 bound 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 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.
