Asset Management in St. Louis, MO. Financial planning and asset management can be complicated undertakings. Even the most financially educated St. Louis, MO residents may find it hard to stay on top of market trends and know precisely grow their wealth. 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 is based on the concept of giving straightforward and unbiased advice to St. Louis, 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 prepare 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 positioning a client's money and other financial resources in order to reach their financial goals. Asset management clients are either St. Louis, MO 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 quality and trustworthy asset manager will consider their client's individual risk tolerance and preferences and unite 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 along with our know-how and research abilities permits us to close the distance between our St. Louis, MO clients' current 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 diversified portfolio that aligns your with your goals, risk tolerance, and time horizon. However, creating a plan by yourself can be overwhelming for many who don't have the expertise or interest to manage their assets 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 getting you where you want to go is having a good grasp of where you're beginning your financial journey. This involves looking at your assets, cashflow, and debts. 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 current financial situation, you can start to look at where you want your roadmap to take you.
Setting Goals and Objective
After you have evaluated where you are now, the following part of the process is to set measurable goals. These objectives should make sense with the vision you have for your life. Those objectives may include:
- Saving for retirement
- Saving for your childrens' education
- Creating an emergency fund
- Paying off debt
- Leaving a cash legacy for following generations
- More free time
- Philanthropy
If you're prioritizing your retirement savings, would you prefer to spend your retirement years in expensive hotels or on your porch? 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 what you want to do with your money, 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 group of investments that is comprised of a combination of asset classes. Diversification helps to reduce risk by spreading your investments across different asset classes and sectors, 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 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
Lastly, it's essential to find a St. Louis financial advisor who will review, monitor, and rebalance your portfolio regularly. This includes examining your investments consistently to ensure that they are doing well and making adjustments as necessary. Rebalancing and risk assessment should be done regularly to ensure your strategy still aims towards 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 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, the first thing we do to know you personally. 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 personalized financial gameplan that prioritizes finding the best solutions for long-term wealth growth. Our asset management team can assist you in:
- 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 foundation of 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 appreciate your short and long-term goals and risk tolerance. We offer impartial advice to find your preferred asset allocation and help predict your future tax implications.
Why You Should Choose Correct Capital's St. Louis, MO Financial Advisors for Your Asset Management
There are numerous "financial planning" advertisements on the internet, and knowing who to trust is hard difficult. Anybody can advertise as a "financial advisor," but our asset management team at Correct Capital carries titles that can only be received through years of education and experience and by conforming to strict legal guidelines. Below are just a handful of the aspects that make our company stand out among other financial advisors and asset managers.
Fiduciary Advisors
Being a fiduciary advisor requires an extremely high standard of care. A fiduciary advisor is legally obliged 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 customarily would; and
- A duty of loyalty, in which your financial advisor must strive to keep away from conflicts of interest, divulge them when they are unpreventable, and manage them in your best interest.
As a fiduciary advisor, our St. Louis, MO asset management team works with only your goals in mind. When you hire us, you can be confident 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 knowledgeable St. Louis, MO investors often find the full breadth of asset management convoluted and taxing. When you put your financial future in our trustworthy hands, we do what's best for you and only you. As we are not pledged to any large institution, we are not restricted in the investment options and products we have access to and recommend.
We Are a Registered Investment Advisor
Registered Investment Advisors (RIA) can only acquire their title through the certification of a regulatory body overseeing the firm. Furthermore, being an RIA permits us access to a wealth investment tools, research, and in-depth analytics. You want to be sure 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, 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 invest your funds in the S&P 500 and assume that the market will 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 follow the latest market trends and strive to anticipate movements in order 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:
- Financial Planning
- Retirement Plan Consultants
- 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 St. Louis, MO
Your money is the result of your hard work and the vision you have for yourself and your St. Louis, MO family. Smart, active, and customized asset management is an important part 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 morally compelled to manage your assets in your best interest. Furthermore, we are genuinely invested in seeing St. Louis, MO residents achieve their dreams. We use our experience, knowledge and in-depth research to best help our clients fulfill their financial goals. Call us today 877-930-4015 or contact us online to get started on fulfilling your financial dreams.
