Asset Management in O'Fallon, MO. Financial planning and asset management can be complex ventures. Even the most financially savvy O'Fallon, MO residents may find it hard to follow market trends and know precisely how to best position. 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 find out more about what Correct Capital's O'Fallon, MO asset management team can do for you.
Our company was founded on the principle of offering honest and impartial counsel to O'Fallon, MO individuals and families. Our approach to asset management serves the client and only the client. We utilize our decades of experience and in-depth research and analytics to help you build for the future of your dreams, 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 managing a client's money and other financial resources in an effort to achieve their financial goals. Asset management clients are either O'Fallon, MO 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 trustworthy asset manager will consider their client's personal risk tolerance and preferences and merge them with their experience and research to discover the best investment options for them personally. The fiduciary mindset of Correct Capital's asset management team along with our experience and research capabilities permits us to close the distance between our O'Fallon, MO clients' existing financial situation and their ultimate financial goals.
Essentials of a Financial Asset Management Plan
A financial asset management plan is a blueprint for investing your money and creating a balanced portfolio that aligns your with your goals, risk tolerance, and time horizon. However, creating a plan on your own is a risky endeavor many who don't have the expertise or interest 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:
Evaluating Your Current 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 have a clear understanding of your existing financial situation, you can start to look at destinations.
Setting Goals and Objective
After you have evaluated your financial situation, the next step is to set measurable objectives. These aims should be aligned 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 a financial legacy for the next generation
- Greater travel and leisure
- Philanthropy
If you're prioritizing your retirement funds, would you rather spend your later years in luxury or in your garden? 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 customized your plan will be.
Creating 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 consists 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 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
Lastly, it's essential to partner with a St. Louis financial advisor who will alter your asset management as your finances, needs, and goals change. This includes examining your investments consistently to ensure no adjustments needs to be made. Rebalancing and risk assessment should be done regularly to ensure your plan 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 O'Fallon, MO
Every O'Fallon, MO resident's financial circumstances are as unique as they are themselves. When you decide on Correct Capital's financial advisors for your asset management, our first step is to get 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 offer all of our clients with a personalized financial gameplan that prioritizes discovering 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 foundational to our relationships with our O'Fallon, MO clients. When you trust us with your wealth, you are also 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 impartial advice to find your preferred asset allocation and help anticipate 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 around, and it can be hard to figure out who to trust. 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. The following are just a handful of the characteristics 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 compelled to provide you with:
- A duty of care, in which the financial advisor acts with the competence, diligence, skill and, knowledge that a prudent professional customarily would; and
- A duty of loyalty, in which your financial advisor must endeavor to avoid conflicts of interest, divulge them when they are unpreventable, 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 confident that your assets will be managed by experienced professionals who understand the solutions 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 O'Fallon, MO investors often find the full extent of asset management complicated and draining. When you put your financial future in our reliable hands, we only do what's best for you and your finances. As we are not bound to any large institution, we are not limited in the investment strategies and products we have access to and endorse.
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. Moreover, being an RIA allows us access to a large number of 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. As well as being a fiduciary, an RIA, and having experienced retirement counselors, our O'Fallon, MO 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 put your funds in the S&P 500 and trust in the market to grow your wealth for you. We look at a variety of investment options including ETFs, mutual funds, alternative investments and more to put you in position to realize your financial goals. We stay up-to-date on market trends and endeavor to foresee movements in order to stay ahead of the curve. We are active and driven in our efforts to help our O'Fallon, MO 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
- 401(k) For Small Business
- Small Business Retirement Plans
- Tax Planning
Call Correct Capital Today for Personalized Asset Management Services in O'Fallon, MO
You earned your money and deserve the future you envision for yourself and your O'Fallon, MO family. Smart, active, and bespoke asset management is a key 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 compelled to manage your assets 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 reach their financial goals. Call us today 877-930-4015 or contact us online to get started on fulfilling your financial dreams.
