Asset Management in Wentzville, MO. Financial planning and asset management can be complex endeavors. Even the most financially savvy Wentzville, MO residents might find it hard to follow market trends and recognize precisely the best ways to situate their money for growth. At Correct Capital, our financial advisors and asset management team have every resource and capability to help you realize your financial goals. Call us today at 877-930-4015 or contact us online to learn more about what Correct Capital's Wentzville, MO asset management team can do for you.
Our company was founded on the idea of giving honest and unbiased counsel to Wentzville, 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 build for the future of your dreams, regardless of 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 handling a client's money and other financial resources in an effort to meet their financial goals. Asset management clients are either Wentzville, 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 responsible asset manager will evaluate their client's individual risk tolerance and preferences and combine them with their financial prowess and research to discover the best investment options for them personally. The fiduciary mentality of Correct Capital's asset management team along with our knowledge and research abilities permits us to eliminate the gap between our Wentzville, MO clients' present 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.
Schedule a 15-Minute Introductory Call
More From Correct Capital Wealth Management
Explore how Correct Capital Wealth Management can help guide you toward smarter decisions, clearer goals, and lasting financial success.
Subscribe To Our Newsletter Listen To Our Podcast Watch Our YouTube Channel
Essentials of a Financial Asset Management Plan
A financial asset management plan is a blueprint for managing your assets and creating a balanced portfolio that aligns your with your goals, risk tolerance, and time horizon. However, creating a plan by yourself is a risky endeavor those who don't have the expertise or interest to manage their assets themselves. That's where your financial advisor in Wentzville, MO comes in. Correct Capital's wealth management team can provide experienced asset management by:
Assessing Your Current Financial Situation
The first step in getting you where you want to go is understanding where you're beginning your financial journey. 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 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 next step is to set achievable aims. These aims should be aligned with your personal values and long-term financial objectives. Those goals may include:
- Saving for retirement
- Saving for your childrens' education
- Creating an emergency fund
- Eliminating debt
- Leaving a cash legacy for the next generation
- More vacation time
- Philanthropy
If you're prioritizing your retirement funds, would you prefer to spend your retirement years in expensive hotels 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.
Creating a Diversified Portfolio
Once you've established where you want to go, it's time to start creating a robust and diverse portfolio. A diversified portfolio is a group of investments that consists of a blend 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 the impact of 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 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 that they are performing as expected and making adjustments as necessary. Rebalancing and risk assessment should be done regularly to ensure your strategy still aligns with your goals. Our monitoring 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 Wentzville, MO
Every Wentzville, 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 be your financial advocate. We give all of our clients with a personalized financial gameplan that prioritizes choosing 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 knowing that trust is fundamental to our relationships with our Wentzville, MO clients. When you trust us with your wealth, you are also trusting us with your future. We strive 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 Wentzville, MO Financial Advisors for Your Asset Management
There are a lot of "financial planning" advertisements on the internet, and it can be hard to decipher who to trust. Anyone can say they are a "financial advisor," but our asset management team at Correct Capital has titles that can only be earned through years of education and experience and by conforming to stringent legal regulations. The following are just some of the features 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 ordinarily would; and
- A duty of loyalty, in which your financial advisor must aim to avoid conflicts of interest, disclose them when they are unpreventable, and manage them in your best interest.
As a fiduciary advisor, our Wentzville, MO asset management team only works for 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 offer financial advice that is independent, objective, and unbiased. Even adroit Wentzville, MO investors often find the full breadth of asset management convoluted and exhausting. When you put your financial future in our trustworthy hands, we do what's best for you and only you. As we are not bound to any large institution, we are not limited in the investment options and products we have access to and advocate.
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. In addition, being an RIA permits 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. As well as being a fiduciary, an RIA, and having experienced retirement counselors, our Wentzville, MO Asset Management team is comprised of CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be awarded through experience, knowledge, and conforming to regulatory oversight.
We Are Proactive
We don't simply put your money in the S&P 500 and trust in the market to grow your wealth for you. We look at a diverse range of investment options including ETFs, mutual funds, alternative investments and more to put you in position to realize your financial goals. We remain up-to-date on market trends and endeavor to predict movements in order to stay ahead of the curve. We are active and driven in our efforts to help our Wentzville, 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:
Call Correct Capital Today for Personalized Asset Management Services in Wentzville, MO
Your money is the result of your hard work and the vision you have for yourself and your Wentzville, MO family. Intelligent, active, and personalize asset management is an important aspect of planning for your future and ensuring you get the most out of your hard work. Correct Capital's financial advisors and asset management team are legally and morally bound to manage your assets in your best interest. Furthermore, we are sincerely invested in seeing Wentzville, MO residents achieve their dreams. We use our experience, knowledge and in-depth research to best assist our clients meet their financial goals. Call us today 877-930-4015 or contact us online to get started on realizing your financial dreams.
