Asset Management in Swansea, IL. Financial planning and asset management can be complex ventures. Even the most financially knowledgeable Swansea, IL residents may find it hard to follow market trends and recognize 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 learn more about what Correct Capital's Swansea, IL asset management team can do for you.
Our company was founded on the concept of giving straightforward and unbiased counsel 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 prepare for your ideal future, 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 an effort to meet their financial goals. Asset management clients are either Swansea, IL 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 capable and dependable asset manager will evaluate their client's unique risk tolerance and preferences and unite them with their expertise and research to discover the preferred investment options for them personally. The fiduciary mentality of Correct Capital's asset management team combined with our experience and research abilities allows us to bridge the gap between our Swansea, IL clients' current financial situation and their ultimate financial goals.
Establishing a Plan to Effectively Manage Your Assets
A financial asset management plan will help you make informed decisions about your money. However, creating a plan by yourself can be overwhelming for those who don't have the expertise or interest to manage their assets on their own. That's why you need to hire a financial advisor in Swansea, IL. Correct Capital's wealth management team can provide experienced asset management by:
Assessing Your Existing Financial Situation
The first step in reaching your goals is understanding where we're starting from. This involves looking 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 have a clear understanding of your existing financial situation, you can start to look at destinations.
Establishing Goals and Objective
After you have evaluated your financial situation, the next step is to make specific aims. These objectives should be aligned with the vision you have for your life. Those goals may include:
- Saving for retirement
- Saving for your childrens' education
- Creating an emergency fund
- Eliminating debt
- Leaving a financial legacy for the next generation
- Greater travel and leisure
- Philanthropy
If you're prioritizing your retirement funds, would you prefer to spend your retirement years in expensive hotels or working your flower bed? If you want to leave a financal legacy, how many beneficiaries are there, and how much will each receive? The more your financial advisor understands your goals, the more personalized your plan will be.
Building a Diversified Portfolio
After you've set where you want to go, you need to start building a robust and diverse portfolio. A diversified portfolio is a collection of investments that is comprised of a blend of traditional or alternative assets. 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 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 essential to partner with a St. Louis financial advisor who will alter your asset management as life happens. This includes checking your investments regularly 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 aligns with 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 Swansea, IL
Every Swansea, IL resident's financial situation is as unique as they are themselves. When you decide on 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 be your financial advocate. We give all of our clients with a bespoke financial gameplan that prioritizes discovering the best solutions for growing their wealth. 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 understanding that trust is the basis of our relationships with our Swansea, IL clients. Trusting us with your money means trusting us with your future. We aim 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 Swansea, IL Financial Advisors for Your Asset Management
There are a lot of "financial planning" advertisements on the internet, and deciphering who to trust is hard difficult. Anyone is allowed to advertise as a "financial advisor," but our asset management team at Correct Capital has titles that can only be received through years of education and experience and strict legal compliance. The following are just some of the characteristics that allow our company to stand out among other financial advisors and asset managers.
Fiduciary Advisors
Fiduciary advisors must offer their Swansea, IL 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 acts with the competence, diligence, skill and, knowledge that a prudent professional customarily would; and
- A duty of loyalty, in which your financial advisor must aim to keep away from conflicts of interest, communicate them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our Swansea, IL asset management team works for you and only you. When you hire us, you can be certain that your assets will be placed in the trustworthy hands of experienced professionals who understand the keys to for growing wealth.
Our I.O.U. Promise
At Correct Capital our financial advisors proffer financial advice that is independent, objective, and unbiased. Even learned Swansea, IL investors often find the full scope of asset management complex and fatiguing. When you put your financial future in our reliable hands, we only do what's best for you and your finances. As we have no obligation to any large institution, we are not restrained in the investment strategies and products we have access to and advocate.
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. As well as 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 conforming to regulatory oversight.
We Are Proactive
We won't simply invest your money in the S&P 500 and assume that the market will 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 meet your financial goals. We remain up-to-date on 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.
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
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. Intelligent, active, and personalize asset management is an important 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 morally obligated to act in your best interest. In Addition, we are sincerely invested in seeing Swansea, IL residents realize their dreams. We implement our experience, knowledge and in-depth research to best assist our clients fulfill their financial goals. Call us today 877-930-4015 or contact us online to get started on achieving your financial dreams.
