Asset Management in Westwood, MO. Financial planning and asset management can be complicated ventures. Even the most financially knowledgeable Westwood, MO residents might find it hard to follow market trends and recognize exactly how to best position. At Correct Capital, our financial advisors and asset management team have every resource and capability 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 Westwood, MO asset management team can do for you.
Our company was founded on the principle of giving straightforward and impartial counsel to Westwood, MO individuals and families. Our approach to asset management serves the client and only the client. We depend on our decades of experience and in-depth research and analytics to help you prepare for your ideal future, regardless of how near or far that may be.
What Is Asset Management? | St. Louis, MO Financial Planning
The term asset management refers to the practice of directing a client's money and other financial resources in order to realize their financial goals. Asset management clients are 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 professional and dependable asset manager will look at their client's personal risk tolerance and preferences and combine them with their knowledge and research to discover the best investment options for them personally. The fiduciary philosophy of Correct Capital's asset management team combined with our know-how and research capabilities permits us to bridge the gap between our Westwood, MO 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 managing your assets and creating a diversified portfolio that aligns with your long-term financial goals. However, creating a plan by yourself is a risky endeavor many who don't have the expertise or interest to manage their assets on their own. That's why you should hire a financial advisor in Westwood, MO. Correct Capital's wealth management team can assist you by:
Assessing Your Existing Financial Situation
The first step in building a financial roadmap is understanding where we're starting from. 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?
After you and your St. Louis financial advisor know your existing financial situation, you can start to look at where you want your roadmap to take you.
Setting Goals and Objective
After you have evaluated your financial situation, the next part of the process is to make specific aims. 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
- Reducing debt
- Leaving a cash legacy for following generations
- Greater travel and leisure
- Philanthropy
If you're prioritizing your retirement funds, would you prefer to spend your golden years in villas or working your flower bed? If you want to build an inheritance, how many beneficiaries are there, and how much will each receive? The more your financial advisor understands your goals, the more detailed and precise your plan will be.
Building a Diversified Portfolio
Once you've set where you want to go, the next part of the process is to start building a well-balanced investment mix. A diversified portfolio is a collection of investments that consists of a combination of asset classes. Diversification helps to reduce risk by spreading your investments across different asset classes and sectors, 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 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 important to work with a St. Louis financial advisor who will review, monitor, and rebalance your portfolio regularly. This includes checking your investments regularly to ensure that they are doing well and making adjustments as necessary. Rebalancing and risk assessment should be done regularly to ensure your plan still aims towards your goals. Our check-up meetings can occur once a year or after major life changes.
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 Westwood, MO
Every Westwood, MO resident's financial needs are 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 as an individual. 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 customized financial gameplan that prioritizes finding the best solutions for growing their wealth. Our asset management team can help you 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 the basis of our relationships with our Westwood, MO clients. Trusting us with your money means trusting us with your future. We seek to build a relationship with you in order to understand your short and long-term goals and risk tolerance. We offer impartial advice to find your preferred asset allocation and help forecast your future tax implications.
Why You Should Choose Correct Capital's Westwood, MO Financial Advisors for Your Asset Management
There are countless "financial planning" advertisements on the internet, and it can be hard to figure out who to trust. Anyone can call themselves 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 by respecting strict legal guidelines. Below are just some of the characteristics that make our company stand out among other financial advisors and asset managers.
Fiduciary Advisors
Fiduciary advisors must offer their Westwood, MO clients an exceptionally high standard of care. A fiduciary advisor is legally obligated 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 normally would; and
- A duty of loyalty, in which your financial advisor must strive to steer clear of conflicts of interest, reveal them when they are unpreventable, and manage them in your best interest.
As a fiduciary advisor, our Westwood, MO asset management team works for you and only you. When you hire us, you can trust that your assets will be managed by experienced professionals who understand the keys to 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 Westwood, MO investors often find the full breadth of asset management complex and exhausting. When you put your financial future in our reliable hands, we do what's best for you and only you. As we are not bound to any large institution, we are not constrained in the offerings 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. Additionally, being an RIA allows us access to a variety of 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 Westwood, 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 compliance to regulatory oversight.
We Are Proactive
We won't just put your wealth in the S&P 500 and assume that the market will 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 follow the latest market trends and strive to predict movements in order 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.
Check out 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
Call Correct Capital Today for Personalized Asset Management Services in Westwood, MO
Your money is the result of your hard work and the vision you have for yourself and your Westwood, MO family. Smart, active, and personalize asset management is a vital aspect of planning for your future and making certain that you get the best return on hard work. Correct Capital's financial advisors and asset management team are legally and ethically bound to act in your best interest. In Addition, we are genuinely invested in seeing Westwood, MO residents realize their dreams. We depend on 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.
