Asset Management in Richmond Heights, MO. Financial planning and asset management can be complex ventures. Even the most financially literate Richmond Heights, MO residents may find it demanding to follow market trends and understand 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 Richmond Heights, MO asset management team can do for you.
Our company was founded on the concept of giving straightforward and objective advice to Richmond Heights, MO individuals and families. Our approach to asset management serves the client and only the client. We depend on our decades of experience and in-depth research and analytics to help you build for your ideal future, however 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 Richmond Heights, MO 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 quality and trustworthy asset manager will take into account their client's unique risk tolerance and preferences and combine them with their expertise and research to find the best investment options for them personally. The fiduciary mindset of Correct Capital's asset management team along with our know-how and research capabilities helps us bridge the gap between our Richmond Heights, MO clients' present financial situation and their ultimate financial goals.
Schedule a Meeting With an Advisor Today
Correct Capital Wealth Management's office is physically located in St. Louis, MO, but we serve clients throughout the United States in both personal financial planning and corporate retirement plans.
Schedule a 15-Minute Introductory Call
Essentials of 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 on your own can be time-consuming for 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 Richmond Heights, MO. Correct Capital's wealth management team can provide experienced asset management by:
Analyzing Your Current Financial Situation
The first step in reaching your goals is having a good sense of where we're starting from. To do this, you need to look at your assets, cashflow, and debts. 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 current financial situation, you can start to look at destinations.
Setting Goals and Objective
Once you have evaluated where you are now, the next part of the process is to make measurable objectives. These goals should make sense with your personal values and long-term financial health. Those objectives 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 savings, would you prefer to spend your retirement years in expensive hotels or in your garden? 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 detailed and precise your plan will be.
Creating a Diversified Portfolio
Once you've set your goals and objectives, the next part of the process is to start building a diversified portfolio. A diversified portfolio is a group of investments that is comprised of a mix of traditional or alternative assets. Diversification helps to reduce risk by investing in a variety of different assets or securities, 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 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 find a St. Louis financial advisor who will alter your asset management as your finances, needs, and goals change. This includes looking over 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 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 Richmond Heights, MO
Every Richmond Heights, MO resident's financial situation is as unique as they are themselves. When you decide on Correct Capital's financial advisors for your asset management, the first step we take is getting to know your unique circumstances. Wherever you are in life and wherever you want to go, we are here to act as your financial advocate. We offer all of our clients with a personalized financial gameplan that prioritizes finding 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 understanding that trust is the foundation of our relationships with our Richmond Heights, MO clients. Trusting us with your wealth means trusting us with your future. We seek to build a relationship with you in order to appreciate your short and long-term goals and risk tolerance. We offer honest advice to find your preferred asset allocation and help anticipate your future tax implications.
Why You Should Choose Correct Capital's Richmond Heights, MO Financial Advisors for Your Asset Management
There are a lot of "financial planning" advertisements on the web, and it can be hard to decipher who to trust. Anybody can say they are a "financial advisor," but our asset management team at Correct Capital holds titles that can only be earned through years of education and experience and stringent legal compliance. 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 incredibly 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 normally would; and
- A duty of loyalty, in which your financial advisor must attempt to avoid conflicts of interest, reveal them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our Richmond Heights, MO asset management team works with only your goals in mind. When you hire us, you can be certain 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 proffer financial advice that is independent, objective, and unbiased. Even savvy Richmond Heights, MO investors often find the full breadth of asset management complex and fatiguing. When you put your financial future in our trustworthy hands, we do what's best for you and only you. As we have no obligation to any large institution, we are not restricted in the investment options and products we have access to and recommend.
We Are a Registered Investment Advisor
Registered Investment Advisors (RIA) can only earn their title through the certification of a regulatory body overseeing the firm. Furthermore, being an RIA permits 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. In addition to being a fiduciary, an RIA, and having experienced retirement counselors, our Richmond Heights, MO Asset Management team is comprised of CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be awarded through experience, knowledge, and assent to regulatory oversight.
We Are Proactive
We don't just place your funds in the S&P 500 and assume that the market will grow 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 achieve your financial goals. We stay up-to-date on market trends and aim to anticipate movements in an effort to stay ahead of the curve. We are active and driven our Richmond Heights, MO clients trust us with their 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
Call Correct Capital Today for Personalized Asset Management Services in Richmond Heights, MO
You earned your money and deserve the future you envision for yourself and your Richmond Heights, MO family. Savvy, active, and customized asset management is an essential part of planning for your future and ensuring you get the most out of your hard work. Correct Capital's financial advisors and asset management team are legally and ethically bound to act in your best interest. Furthermore, we are genuinely invested in seeing Richmond Heights, MO residents realize their dreams. We utilize our experience, knowledge and in-depth research to best help our clients meet their financial goals. Call us today 877-930-4015 or contact us online to get started on fulfilling your financial dreams.
