Asset Management in St. Louis, MO. Financial planning and asset management can be complex endeavors. Even the most financially knowledgeable St. Louis, MO residents may find it tough 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 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 discover more about what Correct Capital's St. Louis, MO asset management team can do for you.
Our company was founded on the idea of giving straightforward and unbiased counsel to St. Louis, MO individuals and families. Our approach to asset management serves the client and only the client. We utilize 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 phrase asset management refers to the practice of handling a client's money and other financial resources in order to meet their financial goals. Asset management clients can be either St. Louis, 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 good and reliable asset manager will consider their client's individual risk tolerance and preferences and merge them with their experience and research to find the best investment options for them personally. The fiduciary mindset of Correct Capital's asset management team combined with our experience and research capabilities permits us to close the distance between our St. Louis, MO clients' extant 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.
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Essentials of a Financial Asset Management Plan
A financial asset management plan will help you make smart decisions about your income and savings. However, creating a plan on your own can be overwhelming for those who don't have the expertise or interest to actively build their wealth themselves. That's where your financial advisor in St. Louis, MO comes in. Correct Capital's wealth management team can provide experienced asset management by:
Evaluating Your Current Financial Situation
The first step in building a financial roadmap 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?
Once you and your St. Louis financial advisor know your existing financial situation, you can start to look at destinations.
Setting Goals and Objective
Once you have evaluated your financial situation, the next step is to make specific objectives. These objectives should make sense with the vision you have for your life. Those aims 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
- Philanthropy
If you're saving for retirement, would you prefer to spend your golden years in villas 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 customized your plan will be.
Creating a Diversified Portfolio
Once you've set where you want to go, it's time to start building a diversified portfolio. A diversified portfolio is a collection of investments that includes a combination of asset classes. Diversification decreases how much risk you take on by spreading your investments across different asset classes and sectors, 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 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
Lastly, it's important to partner with a St. Louis financial advisor who will alter your asset management as your finances, needs, and goals change. This involves checking your investments consistently to ensure no adjustments needs to be made. Rebalancing and risk assessment should be done every year to ensure your strategy 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, MO
Every St. Louis, MO resident's financial situation is as unique as they are themselves. When you pick Correct Capital's financial advisors manage your assets, our first step is to get to know you personally. 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 personalized experience that prioritizes discovering 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 fundamental to our relationships with our St. Louis, MO 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 honest advice to find your preferred asset allocation and help anticipate your future tax implications.
Why You Should Choose Correct Capital's St. Louis, MO Financial Advisors for Your Asset Management
There are innumerable "financial planning" advertisements on the web, and deciphering who to trust is hard difficult. Anyone can call themselves a "financial advisor," but our asset management team at Correct Capital carries titles that can only be earned through years of education and experience and strict legal compliance. Below are just a few of the aspects that make our company stand out among other financial advisors and asset managers.
Fiduciary Advisors
Fiduciary advisors must offer their St. Louis, MO clients 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, diligence, skill and, knowledge that a prudent professional ordinarily would; and
- A duty of loyalty, in which your financial advisor must endeavor to keep away from conflicts of interest, reveal them when they are unpreventable, and manage them in your best interest.
As a fiduciary advisor, our St. Louis, MO asset management team only works for 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. Louis, MO investors often find the full extent of asset management complicated and draining. When you put your financial future in our reliable hands, we do what's best for you and only you. As we have no obligation to any large institution, we are not restrained in the offerings and products we have access to and advocate.
We Are a Registered Investment Advisor
Registered Investment Advisors (RIA) can only obtain their title through the certification of a regulatory body overseeing the firm. In addition, being an RIA allows 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 St. Louis, MO Asset Management team is comprised of CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be gained through experience, knowledge, and conforming to regulatory oversight.
We Are Proactive
We don't just place your finances in the S&P 500 and hope that the market grows 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 follow the latest market trends and aim to foresee movements in an effort to stay ahead of the curve. We are active and driven our St. Louis, MO clients trust us with their asset management.
Take a look at the links below to see what other financial services we offer:
- 401(k) Audit
- High-Net-Worth Wealth Management
- Retirement Planner
- Financial Planning
- Retirement Plan Consultants
- 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 St. Louis, MO
Your money is the outcome of your hard work and the vision you have for yourself and your St. Louis, MO family. Intelligent, active, and bespoke asset management is an important aspect of planning for your future and making sure you get the best return on hard work. Correct Capital's financial advisors and asset management team are legally and morally compelled to manage your assets in your best interest. In Addition, we are sincerely invested in seeing St. Louis, MO residents achieve their dreams. We depend on our experience, knowledge and in-depth research to best help 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.
