Asset Management in Rock Hill, MO. Financial planning and asset management can be complex endeavors. Even the most financially knowledgeable Rock Hill, MO residents might find it difficult to follow market trends and recognize exactly how to best position. At Correct Capital, our financial advisors and asset management team have every resource and capability to help you reach your financial goals. Call us today at 877-930-4015 or contact us online to learn more about what Correct Capital's Rock Hill, MO asset management team can do for you.
Our company is based on the principle of offering truthful and objective guidance to Rock Hill, MO individuals and families. Our asset management philosophy is to serve the client and only the client. We use our decades of experience and in-depth research and analytics to help you create 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 managing a client's money and other financial resources in an effort to meet their financial goals. Asset management clients are either Rock Hill, 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 responsible asset manager will analyze their client's individual risk tolerance and preferences and combine them with their expertise and research to discover the best investment options for them personally. The fiduciary philosophy of Correct Capital's asset management team along with our experience and research capabilities allows us to eliminate the gap between our Rock Hill, 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 informed decisions about your money. However, creating a plan by yourself can be time-consuming for many who don't have the expertise or interest to actively build their wealth on their own. That's where your financial advisor in Rock Hill, MO comes in. 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 grasp of where we're starting from. To do this, you need to look 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 current financial situation, you can start to look at destinations.
Setting Goals and Objective
After you have assessed your financial situation, the following part of the process is to make measurable goals. These goals should be aligned with your personal values and long-term financial objectives. Those objectives may include:
- Saving for retirement
- Saving for your childrens' education
- Creating an emergency fund
- Reducing debt
- Leaving a financial legacy for following generations
- Greater travel and leisure
- Philanthropy
If you're saving for retirement, would you rather spend your golden years in villas 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 detailed and precise your plan will be.
Building a Diversified Portfolio
Once you've established where you want to go, you need to start creating a robust and diverse portfolio. 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 if one asset doesn't do well, they don't all suffer. 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
Lastly, it's essential to work with a St. Louis financial advisor who will alter your asset management as life happens. This involves looking over your investments consistently to ensure no adjustments needs to be made. Rebalancing and risk assessment should be done regularly to ensure your strategy still aims towards 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 Rock Hill, MO
Every Rock Hill, MO resident's financial needs are as unique as they are themselves. When you decide on Correct Capital's financial advisors manage your assets, the first step we take is getting to know you personally. Wherever you are in life and wherever you want to go, we are here to be your financial advocate. We give all of our clients with a customized experience that prioritizes choosing the best options 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 knowing that trust is foundational to our relationships with our Rock Hill, MO clients. Trusting us with your finances 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 forecast your future tax implications.
Why You Should Choose Correct Capital's Rock Hill, MO Financial Advisors for Your Asset Management
There are many "financial planning" advertisements throughout Rock Hill, MO, and figuring out who to trust is hard difficult. Anybody can say they are a "financial advisor," but our asset management team at Correct Capital possesses titles that can only be awarded through years of education and experience and by obeying strict legal guidelines. Below are just a few of the aspects that allow our company to stand out among other financial advisors and asset managers.
Fiduciary Advisors
Fiduciary advisors must offer their Rock Hill, MO clients 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 acts with the competence, diligence, skill and, knowledge that a prudent professional typically would; and
- A duty of loyalty, in which your financial advisor must strive to steer clear of conflicts of interest, communicate them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our Rock Hill, MO asset management team works for you and only you. When you hire us, you can be confident that your assets will be placed in the trustworthy hands of 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 adept Rock Hill, MO investors often find the full breadth of asset management convoluted and fatiguing. When you put your financial future in our trustworthy hands, we only do what's best for you and your money. As we have no obligation 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 receive their title through the certification of a regulatory body overseeing the firm. In addition, being an RIA gives 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. Besides 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 awarded through experience, knowledge, and assent to regulatory oversight.
We Are Proactive
We won'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 full scope of investment options including ETFs, mutual funds, alternative investments and more to put you in position to reach your financial goals. We stay up-to-date on market trends and seek to anticipate movements in an effort to stay ahead of the curve. We are active and driven our Rock Hill, 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
- 401(k) For Small Business
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. Savvy, active, and personalize asset management is a vital part of planning for your future and making certain that you get the most out of your hard work. Correct Capital's financial advisors and asset management team are legally and ethically bound to manage your assets in your best interest. Furthermore, we are sincerely invested in seeing Rock Hill, MO residents realize their dreams. We implement 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.
