Asset Management in St. Louis County, MO. Financial planning and asset management can be complex undertakings. Even the most financially knowledgeable St. Louis County, MO residents might find it hard to stay on top of market trends and know precisely the best methods to situate their money for growth. 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 St. Louis County, MO asset management team can do for you.
Our company is based on the concept of giving truthful and unbiased advice to St. Louis County, 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 prepare 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 term asset management refers to the operation of positioning a client's money and other financial resources in order to meet their financial goals. Asset management clients are either St. Louis County, 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 good and reliable asset manager will analyze their client's individual risk tolerance and preferences and merge them with their knowledge and research to discover the preferred investment options for them personally. The fiduciary mindset of Correct Capital's asset management team along with our knowledge and research capabilities helps us close the distance between our St. Louis County, MO clients' present financial situation and their ultimate financial goals.
Creating a Financial Asset Management Plan
A financial asset management plan is a roadmap that can help you make smart decisions about your income and savings. However, creating a plan by yourself is a risky endeavor many who don't have the expertise or interest to actively build their wealth themselves. That's where your financial advisor in St. Louis County, MO comes in. Correct Capital's wealth management team can provide experienced asset management by:
Assessing Your Existing Financial Situation
The first step in getting you where you want to go is understanding 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?
Once you and your St. Louis financial advisor know your existing financial situation, you can start to look at destinations.
Establishing Goals and Objective
Once you have assessed your financial situation, the next step is to set achievable goals. 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
- 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 later years in expensive hotels or in your garden? 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 detailed and precise 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 building a well-balanced investment mix. A diversified portfolio is a group of investments that is comprised of a mix of asset classes. 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 drop in value. 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 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 partner with a St. Louis financial advisor who will review, monitor, and rebalance your portfolio regularly. This includes looking over your investments consistently to ensure that they are performing as expected and making adjustments as necessary. Rebalancing and risk assessment should be done every year to ensure your plan still aims towards your goals. Our check-up 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. Louis County, MO
Every St. Louis County, MO resident's financial circumstances 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 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 bespoke financial gameplan that prioritizes choosing 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 knowing that trust is foundational to our relationships with our St. Louis County, MO clients. When you trust us with your wealth, you are also trusting us with your future. We seek to build a relationship with you in order to understand your short and long-term goals and risk tolerance. We offer straightforward advice to find your preferred asset allocation and help predict your future tax implications.
Why You Should Choose Correct Capital's St. Louis County, MO Financial Advisors for Your Asset Management
There are countless "financial planning" advertisements around, and it can be difficult to know who to trust. 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 some of the characteristics that make our company stand out among other financial advisors and asset managers.
Fiduciary Advisors
Being a fiduciary advisor requires the highest standard of care. A fiduciary advisor is legally compelled to provide you with:
- A duty of care, in which the financial advisor serves the client with the competence, assiduousness, skill and, knowledge that a prudent professional ordinarily would; and
- A duty of loyalty, in which your financial advisor must aim to avoid conflicts of interest, reveal them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our St. Louis County, MO asset management team works for you and only you. When you hire us, you can trust 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 adroit St. Louis County, MO investors often find the full range of asset management complex and draining. When you put your financial future in our reliable hands, we do what's best for you and only you. As we are not pledged to any large institution, we are not restrained in the investment options and products we have access to and advise.
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. Additionally, being an RIA allows 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 St. Louis County, MO Asset Management team includes CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be acquired through experience, knowledge, and compliance to regulatory oversight.
We Are Proactive
We won't just 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 follow the latest market trends and strive to foresee movements in order to stay ahead of the curve. We are active and driven in our efforts to help our St. Louis County, MO clients get the most out of our asset management.
Take a look at 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 St. Louis County, MO
Your money is the outcome of your hard work and the vision you have for yourself and your St. Louis County, MO family. Smart, active, and personalize asset management is an essential 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 morally obligated to manage your assets in your best interest. In Addition, we are genuinely invested in seeing St. Louis County, MO residents achieve 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 take the first step toward realizing your financial dreams.
