Asset Management in St. Clair County, IL. Financial planning and asset management can be complicated endeavors. Even the most financially educated St. Clair County, IL residents may find it demanding to stay on top of market trends and recognize exactly 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 314-930-401K or contact us online to discover more about what Correct Capital's St. Clair County, IL asset management team can do for you.
Our company was founded on the principle of offering honest and objective advice to St. Clair County, IL 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 build for the future of your dreams, however near or far that may be.
What Is Asset Management? | St. Louis, MO Financial Planning
The term asset management refers to the operation of handling a client's money and other financial resources in order to reach their financial goals. Asset management clients can be either St. Clair County, IL 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 capable and trustworthy asset manager will evaluate their client's personal risk tolerance and preferences and merge them with their expertise and research to discover the best investment options for them personally. The fiduciary mindset of Correct Capital's asset management team combined with our know-how and research abilities permits us to close the distance between our St. Clair County, IL clients' extant 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 by yourself is a risky endeavor those who don't have the time or knowledge to actively build their wealth themselves. That's where your financial advisor in St. Clair County, IL comes in. Correct Capital's wealth management team can provide experienced asset management by:
Evaluating Your Existing Financial Situation
The first step in building a financial roadmap is having a good grasp of where you're beginning your financial journey. This involves looking at your assets, cashflow, and debts. Here are some essential questions for you and your financial advisor talk about:
- 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 where you want to go.
Setting Goals and Objective
Once you have evaluated where you are now, the next step is to set specific aims. These aims should make sense with your personal values and long-term financial objectives. Those objectives may include:
- Saving for retirement
- Saving for your childrens' education
- Building an emergency fund
- Reducing debt
- Leaving a financial legacy for the next generation
- Greater travel and leisure
If you're saving for retirement, would you rather spend your golden years in villas or working your flower bed? If you want to build an inheritance, how many beneficiaries are there, and how much do you want each to get? 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, you need to start building a robust and diverse portfolio. A diversified portfolio is a group of investments that includes a blend of traditional or alternative assets. Diversification helps to reduce risk by spreading your investments across different asset classes and sectors, so that if one asset doesn't perform 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 your exposure to local economic events.
- Sector diversification to reduce the impact of industry-specific losses.
- 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 checking your investments regularly to ensure no adjustments needs to be made. Rebalancing and risk assessment should be done regularly to ensure your plan still aims towards your goals. Our monitoring meetings can occur once a year or after major life events.
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 St. Clair County, IL
Every St. Clair County, IL resident's financial situation is as unique as they are themselves. When you select Correct Capital's financial advisors for your asset management, our first step is to get to know you personally. Wherever you are now and wherever you want to go, we are here to be your financial advocate. We offer each client with a bespoke experience that prioritizes discovering the best solutions 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 understanding that trust is fundamental to our relationships with our St. Clair County, IL clients. When you trust us with your finances, you are also trusting us with your future. We endeavor to build a relationship with you in order to understand 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 St. Clair County, IL Financial Advisors for Your Asset Management
There are numerous "financial planning" advertisements around, and figuring out who to trust is complicated. Anybody can call themselves a "financial advisor," but our asset management team at Correct Capital holds titles that can only be received through years of education and experience and stringent legal compliance. Below are just a handful of the aspects that allow our company to stand out among other financial advisors and asset managers.
Being a fiduciary advisor requires an exceptionally high standard of care. A fiduciary advisor is legally required to provide you with:
- A duty of care, in which the financial advisor acts with the competence, assiduousness, skill and, knowledge that a prudent professional typically would; and
- A duty of loyalty, in which your financial advisor must endeavor to steer clear of conflicts of interest, reveal them when they are unpreventable, and manage them in your best interest.
As a fiduciary advisor, our St. Clair County, IL asset management team works for you and only you. When you hire us, you can be certain that your assets will be managed by experienced professionals who know 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 experienced St. Clair County, IL investors often find the full range of asset management complex and exhausting. When you put your financial future in our dependable hands, we only do what's best for you and your wealth. As we have no obligation to any large institution, we are not constrained in the offerings and products we have access to and advocate.
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 numerous 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. In addition to being a fiduciary, an RIA, and having experienced retirement counselors, our St. Clair County, IL 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 don't simply place your wealth in the S&P 500 and trust in the market to grow your wealth for you. We look at a wide variety of investment options including ETFs, mutual funds, alternative investments and more to put you in position to meet your financial goals. We stay up-to-date on market trends and strive to foresee movements in an effort to stay ahead of the curve. We are active and driven our St. Clair County, IL 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
- 401(k) For Small Business
- Small Business Retirement Plans
- Tax Planning
- Social Security Consultants Near Me
- Retirement Calculator
Call Correct Capital Today for Personalized Asset Management Services in St. Clair County, IL
Your money is the outcome of your hard work and the vision you have for yourself and your St. Clair County, IL family. Savvy, active, and customized asset management is an essential aspect of planning for your future and ensuring you get the best return on hard work. Correct Capital's financial advisors and asset management team are legally and ethically compelled to act in your best interest. Furthermore, we are sincerely invested in seeing St. Clair County, IL residents realize their dreams. We use our experience, knowledge and in-depth research to best help our clients fulfill their financial goals. Call us today 314-930-401K or contact us online to get started on fulfilling your financial dreams.