Asset Management in Rock Hill, MO. Financial planning and asset management can be complex endeavors. Even the most financially educated Rock Hill, MO residents might find it hard to follow market trends and understand exactly how to best position. At Correct Capital, our financial advisors and asset management team have every resource and capability 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 Rock Hill, MO asset management team can do for you.
Our company was founded on the concept of offering truthful and unbiased advice to Rock Hill, MO 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 create the future of your dreams, 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 Rock Hill, MO individuals and families or companies. An asset could be cash or cash equivalents, stocks, bonds, real estate, master limited partnerships, or private equity.
When managing a client's assets, a capable and dependable asset manager will evaluate their client's personal risk tolerance and preferences and combine them with their expertise and research to find the best investment options for them personally. The fiduciary mentality of Correct Capital's asset management team along with our knowledge and research capabilities permits us to close the distance between our Rock Hill, MO clients' current financial situation and their ultimate financial goals.
Establishing a Plan to Effectively Manage Your Assets
A financial asset management plan is a blueprint for managing your assets and creating a diversified portfolio that aligns with your long-term financial goals. However, creating a plan on your own can be overwhelming for many who don't have the expertise or interest to actively build their wealth themselves. That's why you should hire a financial advisor in Rock Hill, MO. Correct Capital's wealth management team can assist you by:
Analyzing Your Current Financial Situation
The first step in reaching your goals is having a good grasp of where we're starting from. This involves looking at your assets, cashflow, and debts. Here are some key questions for you and your financial advisor go over:
- 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 know your current financial situation, you can start to look at destinations.
Establishing Goals and Objective
Once you have assessed where you are now, the following part of the process is to establish achievable aims. These aims should be aligned with your personal values and long-term financial health. Those aims may include:
- Saving for retirement
- Saving for your childrens' education
- Building an emergency fund
- Eliminating debt
- Leaving a cash legacy for following generations
- Greater travel and leisure
- Philanthropy
If you're saving for retirement, would you prefer to spend your retirement years in expensive hotels or on your porch? If you want to leave a financal legacy, how many beneficiaries are there, and how much do you want each to receive? The more your financial advisor understands your goals, the more personalized your plan will be.
Creating a Diversified Portfolio
After you've set where you want to go, the next part of the process is to start creating a well-balanced investment mix. A diversified portfolio is a collection of investments that is comprised of a mix of traditional or alternative assets. Diversification decreases how much risk you take on 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 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
Finally, it's essential to find a St. Louis financial advisor who will review, monitor, and rebalance your portfolio regularly. This includes checking your investments consistently to ensure no adjustments needs to be made. Rebalancing and risk assessment should be done regularly to ensure your strategy still aligns with 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 Rock Hill, MO
Every Rock Hill, MO resident's financial needs are as unique as they are themselves. When you choose Correct Capital's financial advisors manage your assets, our first step is to get to know you as an individual. Wherever you want to go in life and whenever you want to get there, we are here to act as your financial advocate. We give all of our clients with a customized financial gameplan that prioritizes choosing the best solutions 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 base of our relationships with our Rock Hill, 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 unbiased advice to find your preferred asset allocation and help forecast your future tax implications.
Why You Should Choose Correct Capital's Rock Hill, MO Financial Advisors for Your Asset Management
There are innumerable "financial planning" advertisements on the internet, and deciphering who to trust is hard difficult. Anyone is allowed to say they are a "financial advisor," but our asset management team at Correct Capital holds titles that can only be obtained through years of education and experience and by following strict legal regulations. Below 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 compelled to provide you with:
- A duty of care, in which the financial advisor acts with the competence, assiduity, skill and, knowledge that a prudent professional typically would; and
- A duty of loyalty, in which your financial advisor must aim to avoid conflicts of interest, divulge them when they are unpreventable, and manage them in your best interest.
As a fiduciary advisor, our Rock Hill, MO asset management team only works for you. When you hire us, you can be confident that your assets will be managed by experienced professionals who understand the keys to for growing wealth.
Our I.O.U. Promise
At Correct Capital our financial advisors offer financial advice that is independent, objective, and unbiased. Even savvy Rock Hill, MO investors often find the full range of asset management complex and fatiguing. 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 pledged to any large institution, we are not limited in the investment strategies and products we have access to and recommend.
We Are a Registered Investment Advisor
Registered Investment Advisors (RIA) can only receive their title through the certification of a regulatory body overseeing the firm. In addition, being an RIA permits us access to a wide range 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 Rock Hill, MO Asset Management team is comprised of CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be received through experience, knowledge, and assent to regulatory oversight.
We Are Proactive
We don't simply put your finances in the S&P 500 and assume that the market will 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 achieve your financial goals. We stay up-to-date on market trends and endeavor to predict movements in order to stay ahead of the curve. We are active and driven in our efforts to help our Rock Hill, MO 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 Rock Hill, MO
You earned your money and deserve the future you envision for yourself and your Rock Hill, MO family. Smart, active, and bespoke asset management is an important 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 compelled to manage your assets in your best interest. Furthermore, we are sincerely invested in seeing Rock Hill, MO residents achieve their dreams. We implement 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.
