Asset Management in Westwood, MO. Financial planning and asset management can be complex undertakings. Even the most financially literate Westwood, MO residents may find it tough to follow market trends and recognize exactly the best methods to situate their money for growth. At Correct Capital, our financial advisors and asset management team have every resource and capability to help you reach your financial goals. Call us today at 877-930-4015 or contact us online to learn more about what Correct Capital's Westwood, MO asset management team can do for you.
Our company was founded on the idea of offering truthful and objective guidance to Westwood, 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 create the future of your dreams, however near or far that may be.
What Is Asset Management? | St. Louis, MO Financial Planning
The term asset management refers to the practice of positioning a client's money and other financial resources in an effort to achieve their financial goals. Asset management clients can be either Westwood, 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 capable and responsible asset manager will analyze their client's individual risk tolerance and preferences and merge them with their experience 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 helps us bridge the gap between our Westwood, MO clients' current financial situation and their ultimate financial goals.
Establishing a Plan to Effectively Manage Your Assets
A financial asset management plan is a roadmap that can help you make smart decisions about your income and savings. However, creating a plan by yourself can be overwhelming for many who don't have the expertise or interest to actively build their wealth themselves. That's where your financial advisor in Westwood, MO comes in. Correct Capital's wealth management team can assist you by:
Analyzing Your Existing Financial Situation
The first step in reaching your goals is understanding where you're beginning your financial journey. To do this, you need to look at your assets, cashflow, and debts. Below are some key questions for you and your financial advisor consider:
- 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 know your current financial situation, you can start to look at destinations.
Establishing Goals and Objective
Once you have evaluated where you are now, the following part of the process is to establish achievable goals. 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
- Eliminating debt
- Leaving an inheritance for following generations
- Greater travel and leisure
- Philanthropy
If you're saving for retirement, would you rather spend your retirement years in villas or on your porch? If you want to build an inheritance, 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
After you've established where you want to go, it's time to start creating a diversified portfolio. A diversified portfolio is a collection of investments that consists of a mix of asset classes. Diversification decreases how much risk you take on 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 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
Finally, it's essential to find a St. Louis financial advisor who will alter your asset management as your finances, needs, and goals change. This involves scrutinizing your investments regularly 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 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 Westwood, MO
Every Westwood, MO resident's financial situation is as unique as they are themselves. When you choose Correct Capital's financial advisors for your asset management, the first thing we do to know you as an individual. Wherever you want to go in life and whenever you want to get there, we are here to act as your financial advocate. We offer all of our clients with a bespoke financial gameplan that prioritizes finding the best options for long-term wealth growth. 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 understanding that trust is fundamental to our relationships with our Westwood, MO clients. When you trust us with your money, you are also trusting us with your future. We seek to build a relationship with you in order to appreciate your short and long-term goals and risk tolerance. We offer straightforward advice to find your preferred asset allocation and help predict your future tax implications.
Why You Should Choose Correct Capital's Westwood, MO Financial Advisors for Your Asset Management
There are copious "financial planning" advertisements on the web, and knowing who to trust is complicated. Anyone can call themselves a "financial advisor," but our asset management team at Correct Capital has titles that can only be acquired through years of education and experience and by following strict legal regulations. Below are just a few of the characteristics that allow our company to stand out among other financial advisors and asset managers.
Fiduciary Advisors
Fiduciary advisors must give their Westwood, MO clients an extremely high 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 ordinarily would; and
- A duty of loyalty, in which your financial advisor must endeavor to keep away from conflicts of interest, divulge them when they are unavoidable, and manage them in your best interest.
As a fiduciary advisor, our Westwood, MO asset management team only works for you. When you hire us, you can be sure that your assets will be placed in the trustworthy hands of 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 savvy Westwood, MO investors often find the full breadth of asset management convoluted and taxing. When you put your financial future in our dependable hands, we do what's best for you and only you. As we have no obligation to any large institution, we are not constrained in the investment strategies and products we have access to and suggest.
We Are a Registered Investment Advisor
Registered Investment Advisors (RIA) can only be awarded their title through the certification of a regulatory body overseeing the firm. In addition, being an RIA allows us access to a variety 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 Westwood, MO Asset Management team is comprised of CERTIFIED FINANCIAL PLANNER™ professionals and an Accredited Investment Fiduciary; titles that can only be acquired through experience, knowledge, and conforming to regulatory oversight.
We Are Proactive
We don't simply put your wealth in the S&P 500 and trust in the market to 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 realize your financial goals. We remain up-to-date on market trends and seek to predict movements in an effort to stay ahead of the curve. We are active and driven in our efforts to help our Westwood, 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:
- 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 Westwood, MO
Your money is the outcome of your hard work and the vision you have for yourself and your Westwood, MO family. Savvy, active, and customized asset management is an important part 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. Additionally, we are genuinely invested in seeing Westwood, MO residents realize their dreams. We implement our experience, knowledge and in-depth research to best assist our clients reach their financial goals. Call us today 877-930-4015 or contact us online to get started on achieving your financial dreams.
