Asset Management in O'Fallon, MO. Financial planning and asset management can be complex undertakings. Even the most financially knowledgeable O'Fallon, MO residents might find it demanding to stay on top of market trends and recognize precisely 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 reach your financial goals. Call us today at 877-930-4015 or contact us online to find out more about what Correct Capital's O'Fallon, MO asset management team can do for you.
Our company is based on the principle of offering straightforward and unbiased counsel to O'Fallon, MO 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 build 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 operation of managing a client's money and other financial resources in order to reach their financial goals. Asset management clients are either O'Fallon, MO 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 professional and reliable asset manager will consider their client's individual risk tolerance and preferences and merge them with their financial prowess and research to discover the preferred investment options for them personally. The fiduciary mentality of Correct Capital's asset management team along with our knowledge and research abilities helps us close the distance between our O'Fallon, MO 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 many who don't have the time or knowledge to manage their assets themselves. That's why you need to hire a financial advisor in O'Fallon, MO. Correct Capital's wealth management team can provide experienced asset management by:
Analyzing Your Existing Financial Situation
The first step in building a financial roadmap is understanding where we're starting from. This involves looking at your assets, cashflow, and debts. 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 current financial situation, you can start to look at destinations.
Setting Goals and Objective
After you have evaluated where you are now, the next part of the process is to set achievable aims. These aims should be aligned with the vision you have for your life. Those objectives may include:
- Saving for retirement
- Saving for your childrens' education
- Creating an emergency fund
- Paying off debt
- Leaving a financial legacy for following generations
- More free time
- Philanthropy
If you're saving for retirement, would you rather spend your retirement years in expensive hotels 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 money, the more customized your plan will be.
Building a Diversified Portfolio
After you've established where you want to go, it's time to start creating a robust and diverse portfolio. A diversified portfolio is a group of investments that is comprised 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 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
Finally, it's essential to find a St. Louis financial advisor who will alter your asset management as life happens. This involves 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 strategy still aims towards your goals. Our monitoring 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, MO
Every O'Fallon, MO 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 you as an individual. Wherever you are in life and wherever you want to go, we are here to be your financial advocate. We give every client with a personalized experience that prioritizes choosing the best options for growing their wealth. 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 under the belief that trust is the basis of our relationships with our O'Fallon, MO clients. Trusting us with your finances means trusting us with your future. We endeavor 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, MO Financial Advisors for Your Asset Management
There are numerous "financial planning" advertisements on the web, and it can be difficult to understand who to trust. Anybody can advertise as 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 strict legal compliance. Below are just some of the features that allow our company to stand out among other financial advisors and asset managers.
Fiduciary Advisors
Being a fiduciary advisor requires an extremely high standard of care. A fiduciary advisor is legally obligated 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 ordinarily would; and
- A duty of loyalty, in which your financial advisor must aim to keep away from conflicts of interest, communicate them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our O'Fallon, MO asset management team works with only your needs in mind. When you hire us, you can be sure 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, MO investors often find the full range of asset management complicated and draining. When you put your financial future in our trustworthy 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 investment strategies and products we have access to and advocate.
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 allows us access to a wide range 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. As well as being a fiduciary, an RIA, and having experienced retirement counselors, our O'Fallon, MO Asset Management team includes CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be obtained through experience, knowledge, and assent to regulatory oversight.
We Are Proactive
We won't just invest your finances 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 follow the latest market trends and aim to anticipate movements in order to stay ahead of the curve. We are active and driven our O'Fallon, MO clients trust us with their 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 O'Fallon, MO
Your money is the outcome of your hard work and the vision you have for yourself and your O'Fallon, MO family. Intelligent, active, and personalize asset management is an important aspect 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 ethically bound to act in your best interest. Additionally, we are sincerely invested in seeing O'Fallon, MO residents realize their dreams. We use our experience, knowledge and in-depth research to best assist our clients meet their financial goals. Call us today 877-930-4015 or contact us online to get started on reaching your financial dreams.
