Fiduciary Financial Advisor in Sappington, MO

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Fiduciary financial advisor in Sappington, MO. For Sappington, MO residents who lack the free time, skill, or inclination to oversee their investments and retirement accounts on their own, working with a financial advisor offers peace of mind. That relationship is built on trust, and whether you're preparing for retirement, looking to grow your wealth, or ensuring a stable financial future for your loved ones, the knowledge, skill, and honesty of your financial advisor matter greatly. By choosing a fiduciary financial advisor in Sappington, MO, you'll have a ally who has a legal and ethical responsibility to put your own best interests first.

At Correct Capital Wealth Management, our Sappington, MO fiduciary financial advisors won't ever propose a solution, investment, or strategy that we don't sincerely believe in ourselves. For financial advisors that follow the fiduciary standard and act with your best interest in mind, reach out to Correct Capital today at 877-930-4015, fill out our online form, or schedule a meeting with on of our advisors.


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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.

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About Fiduciaries

A fiduciary is a individual or organization that maintains a role of trust and duty when managing assets, monetary matters, or legal concerns on behalf of someone else. Fiduciaries are legally and ethically obliged to operate in the best interests of the individual or organization they are serving, often known as their "principal" or "beneficiary". This duty of loyalty and duty of care is known as the fiduciary standard.

Common examples of fiduciaries are:

  • Trustees — People or institutions tasked with handling and monitoring assets held in a trust for the advantage of beneficiaries.
  • Executors — Individuals designated to oversee the estate and assets of a decedent based on their will or the law.
  • Financial advisors — Professionals who offer financial advice and manage investments for clients, with an responsibility to prioritize the client's financial goals.
  • Corporate directors — Members of a company's board of directors who are entrusted with the responsibility of making decisions in the best interests of the shareholders.
  • Guardians — People appointed by the court to make decisions on behalf of underage individuals or individuals who are unable to make decisions for themselves.
  • Attorneys — Legal professionals who are committed by a fiduciary duty to work in the best interests of their clients when dealing with their cases.
  • Real estate agents — Specialists who aid clients in purchasing, selling, or renting properties and are required to act in the best interests of their clients in real estate transactions.

Good Faith, Duty of Loyalty, and Duty of Care

There are three crucial facets to understanding fiduciary duty:

1. Good Faith

Fiduciaries are mandated to act in "good faith," which means they engage with their clients or beneficiaries truthfully, with genuine intention, and without any intention to mislead or damage the interests of their beneficiaries. They must consistently act honestly and with the best interests of the clients in mind.

2. Duty of Loyalty

Fiduciaries owe a "duty of loyalty" to the beneficiary, which means they must prioritize the beneficiary's interests above their own. They ought to steer clear of any conflicts of interest that might compromise their capacity to act solely in the client's best interests. Any conflicts of interest need to be revealed to the client or beneficiary and the advisor has to still act with the beneficiary's interest above their own.

3. Duty of Care

Fiduciaries have a "duty of care" to employ the standard of care, skill, and diligence that a prudent person would apply in the same or similar situations. They must make informed and considered decisions when handling assets or deciding on behalf of their client or beneficiary. This duty ensures that they do their best to shield and increase the assets under their care while reducing risks.

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What Is a Fiduciary Financial Advisor in Sappington, MO?

Financial advisors help Sappington, MO individuals, families, and business owners attain their life goals by means of a array of financial services and proposals. These services include investment strategies, retirement planning, tax planning, estate planning, asset management and others.

Any person in Sappington, MO can label themselves a "financial advisor," but to say that they're a fiduciary, an advisor needs accreditations and certifications from industry organizations such as the CFP Board and Fi360. Securing and maintaining these certifications require ongoing education and a strict moral standard.

To illustrate, fiduciary financial advisors with a CERTIFIED FINANCIAL PLANNER™ certification need to adhere to the CFP Board's Code of Ethics and Standards of Conduct to:

  • Act with honesty, integrity, competence, and diligence
  • Act in the client’s best interests
  • Exercise due care
  • Avoid or disclose and manage conflicts of interest
  • Maintain the confidentiality and protect the privacy of client information
  • Act in a manner that reflects positively on the financial planning profession and CFP® certification

Are All Financial Advisors in Sappington, MO Fiduciaries?

Not all financial advisor in Sappington, MO are fiduciaries. The primary reason is that financial advisors can work under diverse regulatory frameworks and compensation structures, resulting to divergent standards of care:

  • Regulatory framework — Financial advisors can be subject to various regulatory oversight based on their business model. For instance, Registered Investment Advisors (RIAs) are typically fiduciaries. In contrast, some advisors (for example, those falling under a broker-dealer model) work under the suitability standard, which demands strategies to be fitting for clients but doesn't require the same level of fiduciary duty.
  • Compensation structure — The manner financial advisors are compensated can influence their fiduciary status. Fiduciary advisors often charge a proportional charge for their services, rendering their compensation clear and limiting conflicts of interest. Non-fiduciary advisors generally receive commissions or other forms of compensation linked to product sales, which means they may make recommendations that are more in their interest than yours.

The Prudent-Person Rule

Fiduciary financial advisors must abide by the Prudent-Person Rule, also known as the prudent investor rule. The rule acknowledges that financial advisors can't predict the future or know which investments will be profitable ahead of time, but stipulates that a fiduciary financial advisor select investments that a prudent person would purchase from an acceptable risk based on the client's goals and investment objective.

The prudent person rule has its origins in in common law, and was eventually unified with the Uniform Prudent Investor Act. Each state can apply their own specific laws. Missouri law, for example, mandates that fiduciary financial advisors must consider:

  • Overall economic conditions
  • Potential inflation or deflation
  • Expected tax consequences of investments
  • The role that each investment or strategy plays within your portfolio
  • Expected profit and appreciation of capital
  • Additional assets and resources you have
  • Your needs for liquidity, income, and preservation of capital
  • An asset's special relationship or value to you, if any
  • The size and nature of your portfolio, its distribution requirements, and the anticipated duration of your relationship with the fiduciary financial advisor

Benefits of Working with a Fiduciary Financial Advisor in Sappington, MO

Choosing to partner with a fiduciary financial advisor in Sappington, MO offers an array of benefits that can deeply impact your fiscal health:

  • Fiduciary financial advisers must act in your best interest and maintain professional standards
  • Complete disclosure of relevant materials and facts and full transparency with matters like risks, fees, and potential conflicts of interest, permitting you to make the most informed decisions for you and your Sappington, MO family
  • Manage investments on your behalf by leveraging their expertise to craft and handle a diversified portfolio that resonates with your financial goals and risk tolerance
  • Complete financial planning and a holistic approach to your financial well-being, evaluating all facets of your financial life to establish a personalized approach
  • Ongoing monitoring and guidance to guarantee your financial plans and investments continue to be in line and that you can adapt to any surprises the market or life gives your way
  • Minimized risk with sensible and judicious investment choices made by meticulously assessing the risk associated with each investment and tailoring your portfolio to correspond with your risk tolerance
  • Relief that your best interests are being looked after by experienced financial advisors
  • A lasting relationship with a fiduciary financial advisor that understands your financial goals evolve over time, and life conditions modify
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Hire Correct Capital as Your Sappington, MO Fiduciary Financial Advisor

Choosing a financial advisor in Sappington, MO with a fiduciary duty is vital to ensure your long-term interests remain protected. At Correct Capital Wealth Management, we are pleased to be fiduciary financial advisors who place at the forefront the financial success and peace of mind of Sappington, MO residents and business owners alike. Our team is comprised of CERTIFIED FINANCIAL PLANNER™ (CFP®) professionals and we are a Registered Investment Advisor (RIA) with the expertise and qualifications essential to lead you on your financial journey. We provide all our clients our I.O.U promise: all of our advice will be independent, objective, and unbiased.

Get in touch with us now at 877-930-4015 or contact us online to schedule an appointment and discover how we can help you attain your financial goals in Sappington, MO.

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