Asset Management in Swansea, IL. Financial planning and asset management can be complex ventures. Even the most financially literate Swansea, IL residents may find it tough to stay on top of market trends and recognize exactly the best means 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 realize your financial goals. Call us today at 877-930-4015 or contact us online to discover more about what Correct Capital's Swansea, IL asset management team can do for you.
Our company is based on the principle of giving honest and unbiased advice to Swansea, 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, no matter how 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 an effort to realize their financial goals. Asset management clients are either Swansea, IL 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 capable and responsible asset manager will analyze their client's personal risk tolerance and preferences and unite them with their financial prowess and research to find the preferred investment options for them personally. The fiduciary mentality of Correct Capital's asset management team combined with our know-how and research abilities allows us to bridge the gap between our Swansea, IL clients' present financial situation and their ultimate financial goals.
Establishing a Plan to Effectively Manage Your Assets
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 is a risky endeavor many who don't have the expertise or interest to actively build their wealth on their own. That's where your financial advisor in Swansea, IL comes in. Correct Capital's wealth management team can provide experienced asset management by:
Analyzing Your Current 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. Here are some important questions for you and your financial advisor go over:
- 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 current financial situation, you can start to look at where you want to go.
Establishing Goals and Objective
Once you have evaluated where you are now, the next step is to make measurable aims. These objectives should be aligned with the vision you have for your life. 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
- More free time
- Philanthropy
If you're saving for retirement, would you rather spend your retirement years in villas or on your porch? If you want to leave a financal legacy, how many beneficiaries are there, and how much will each get? The more your financial advisor understands your goals, the more customized your plan will be.
Building a Diversified Portfolio
After you've set where you want to go, the next step is to start creating a diversified portfolio. A diversified portfolio is a group of investments that includes a combination of traditional or alternative assets. Diversification helps to reduce risk by investing in a variety of different assets or securities, 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 the impact of industry-specific losses.
- Time diversification, meaning investing in assets with different time horizons, to minimize volatility.
- Tax diversification to limit your tax liability.
- 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 work with a St. Louis financial advisor who will alter your asset management as your finances, needs, and goals change. This includes looking over your investments consistently to ensure no adjustments needs to be made. Rebalancing and risk assessment should be done every year to ensure your plan still aligns with your goals. Our check-up meetings can occur once a year or after major life changes.
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 Swansea, IL
Every Swansea, IL resident's financial circumstances are 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 your unique circumstances. Wherever you are now and wherever you want to go, we are here to act as your financial advocate. We give every client with a bespoke financial gameplan that prioritizes discovering the best options 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 Swansea, IL clients. Trusting us with your wealth means trusting us with your future. We endeavor to build a relationship with you in order to recognize your short and long-term goals and risk tolerance. We offer straightforward advice to find your preferred asset allocation and help anticipate your future tax implications.
Why You Should Choose Correct Capital's Swansea, IL Financial Advisors for Your Asset Management
There are many "financial planning" advertisements throughout Swansea, IL, and it can be difficult to understand who to trust. Anyone is allowed to call themselves a "financial advisor," but our asset management team at Correct Capital carries titles that can only be acquired through years of education and experience and by respecting strict legal guidelines. The following are just a handful 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 required 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 typically would; and
- A duty of loyalty, in which your financial advisor must endeavor to steer clear of conflicts of interest, communicate them when they are unpreventable, and manage them in your best interest.
As a fiduciary advisor, our Swansea, IL asset management team works with only your needs in mind. 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 offer financial advice that is independent, objective, and unbiased. Even accomplished Swansea, IL investors often find the full range of asset management convoluted and draining. When you put your financial future in our reliable hands, we only do what's best for you and your wealth. As we are not bound to any large institution, we are not constrained in the offerings and products we have access to and recommend.
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. Additionally, being an RIA allows us access to numerous 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. Besides being a fiduciary, an RIA, and having experienced retirement counselors, our Swansea, IL Asset Management team includes CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be received through experience, knowledge, and compliance to regulatory oversight.
We Are Proactive
We don'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 full scope 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 aim to anticipate movements in order to stay ahead of the curve. We are active and driven our Swansea, IL clients trust us with their 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
- Small Business Retirement Plans
- Tax Planning
Call Correct Capital Today for Personalized Asset Management Services in Swansea, IL
You earned your money and deserve the future you envision for yourself and your Swansea, IL family. Savvy, active, and bespoke asset management is an essential aspect 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 bound to act in your best interest. Furthermore, we are sincerely invested in seeing Swansea, IL residents achieve their dreams. We depend on 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 take the first step toward reaching your financial dreams.
