Financial Advisor in Bridgeport, CT

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Financial Advisor in Bridgeport, CT. Your hard-earned money deserves attention, and you need to be confident about how it's growing and how it's being used. A lot of Bridgeport residents lack the financial literacy to feel confident they're making the optimal decisions with their money, while others simply don't have the time or interest to stay up to date on market trends along with new laws, regulations, and global events. That's when you should consider hiring a trustworthy, seasoned, and knowledgeable financial advisor. A Correct Capital financial advisor in Bridgeport, CT will make your money work for you. We employ in-depth analytics along with our extensive expertise to create personalized financial solutions for individuals, families, and businesses in Bridgeport, CT and beyond. Reach out to us today at 877-930-4015 or contact us through our website to see if Correct Capital is a good fit for you.

Not sure if you're ready to hire a financial advisor in Bridgeport, CT? Check out our process page to see how easy we make it to ascertain if we would make a good team.


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A 2018 study by FINRA revealed that 53 percent of American adults are worried about their finances. The root of that concern is commonly simply not being sure they're making the right decisions with their money. After our Bridgeport, CT financial advisor team gets to know you, your present financial situation and your financial ambitions, we'll build a road map to help you accomplish them. As a fiduciary and an independent firm, every Correct Capital financial advisor is legally and ethically compelled to act in your best interest and we are not limited in the options we can put forward. Our financial advisors in Bridgeport, CT have certifications that can only be gained through rigorous testing and by meeting strict education requirements.

What Is a Financial Advisor?

A financial advisor is a professional who helps individuals oversee their money, plan their finances, put enough money away, and plan for their financial future. This role includes a variety of services, from portfolio management and retirement planning to tax planning and estate planning. Financial advisors take a holistic view of your financial situation to advise on strategies that suit your goals, risk tolerance, and time horizon. While technically anyone can be called a financial advisor or financial planner, credible and professional advisors will have qualifications from organizations such as FINRA and the CFP Board that can only be achieved through rigorous education and exams.

Types of Financial Advisors in Bridgeport, CT

There are several types of advisors that differ based on the services they provide, their compensation models, their professional expertise, and their legal obligations to customers:

  • Investment Advisors or Portfolio Managers: These advisors provide advice on securities and manage investment portfolios. They often work in RIAs and are required to act in a fiduciary capacity, meaning they always have the client's best interest at heart. Investment advisors are certified with either the Securities and Exchange Commission (SEC) or state regulators, depending on the size of the assets they manage.
  • Broker-Dealers and Brokers: Broker-dealers trade securities like stocks, bonds, and mutual funds on behalf of their clients or for themselves. They must register with the SEC and are generally members of FINRA. The financial products they can sell are determined by their specific licenses, such as Series 6 or Series 7. For example, someone who holds a Series 7 license is qualified to sell general securities, such as mutual funds and exchange-traded funds (ETFs).
  • CERTIFIED FINANCIAL PLANNER™ Professionals (CFPs): Advisors holding the CFP certification have completed rigorous education and adhere to high ethical standards, particularly a fiduciary duty to their customers. CFPs provide a broad range of financial advisory services, ranging from debt management to planning for retirement, and estate planning. This approach is all-encompassing, intended to address every facet of a client's financial life.
  • Financial Consultants: This term can apply broadly, but chartered financial consultants (ChFCs) have undergone training comparable with CFPs and are also required to hold their clients' interests above their own. Like CFPs, ChFCs specialize in providing holistic financial advice, encompassing areas such as estate planning to retirement strategies, ensuring that clients' financial goals are met with the highest ethical standards.
  • Financial Coaches: Concentrate on boosting clients' financial literacy, helping with basics such as saving money and creating budgets. They are perfect for clients who are not yet wealthy enough to work with most financial advisors. Their services provides a good starting point for managing personal finances effectively, especially for those looking to take the first step towards financial wellbeing.
  • Wealth Managers: Specialize in serving high-net-worth individuals, offering extensive services that include estate planning, tax help, and investment management. They work closely with their clients to navigate complex financial situations and formulate wealth preservation strategies. This expertise is tailored for optimizing the financial health and future of affluent clients, ensuring that their clients' goals and aspirations are met through customized advice and strategies.

Each type of financial advisor serves different needs, and the best choice depends on an individual's or organization's specific financial situation and goals. At Correct Capital, our team of advisors boasts CFPs and other qualified professionals who represent the highest standards of fiduciary responsibility and personalized service, ensuring that we act solely in the best interest of our clients across all our engagements.

What Does a Financial Advisor Do?

A financial advisor will examine your present financial situation, ascertain means to enhance it, and help you achieve your future financial goals. Many Bridgeport, CT residents often immediately think of investing when they consider wealth management services and financial advisors. While that is a crucial element of any financial plan, an accomplished financial advisor will be able to offer you extensive financial advice that takes into account the whole of your finances. Below are some of the services your Correct Capital financial advisor in Bridgeport, CT will utilize to help you realize your goals.

  • Financial Planning

    Our money is a part of almost everything we do, from making sure we're set up in retirement, to education, buying and/or selling a home, picking insurance policies, and putting food on the table each night. The best financial advisors in Bridgeport, CT offer comprehensive services and personalized advice by taking into account your entire financial situation.

  • Tax Planning

    Taxes are involved almost any time money is exchanged or used. According to the IRS's own data, more than 7 out of 10 of Americans overpay in taxes every year. The United States tax code is notoriously complex, yet it offers perfectly legal means to reduce your tax liability. A reliable and expert Bridgeport, CT financial advisor will help you navigate your tax implications in the interest of keeping more money in your hands than in the government's.

  • Portfolio Management and Asset Management

    Your financial portfolio is the aggregation of your financial assets. They can include stocks, bonds, mutual funds, exchange-traded funds (ETFs), cash equivalents, or other investments such as art. A financial advisor in Bridgeport, CT will help in allocating and diversify your assets in order to mitigate risk and best position your money for long-term success.

  • Retirement Planning

    Depending on where you currently are in life and your desired lifestyle when you hang up your cape, your Bridgeport, CT financial advisor will help with tax implications, considering the optimal time to retire, when to withdraw money and how much to withdraw. A financial advisor will aid in creating a budget and plan for source of income in retirement so you can live out your golden years just how you want to.

  • 401(k) Services

    We offer 401(k) services to individuals and families as well as Bridgeport, CT businesses and business owners. Setting up a 401(k) plan is a great way to maintain your best employees and keep them motivated and happy. Our retirement consultants oversee over $218 million in plan assets and hundreds of plan participants nationwide. Our Bridgeport, CT financial advisor team offers extensive 401(k) planning for companies as well as customized benefits for their employees.

  • 401(k) Rollover

    When moving to a new job, it can be tough to know the best way to handle the money you've already saved in a previous Bridgeport, CT employer's 401(k) plan. You have multiple options, such as keeping the money in the account it is currently in, moving it to a new 401(k), or investing the money in one of a variety of IRA accounts. A financial advisor will be skilled in how to best approach managing your 401(k) funds.

  • Generational Wealth Transfers

    You strive for your money, and it's common to want to leave a legacy and bequeath some wealth to the people you care about the most. Wealth transfers are different from merely leaving gifts behind in estate planning. A financial advisor in Bridgeport, CT can optimize your money for not only your children but for future generations to come, even ones you haven't met yet.

  • Fiduciary Advising

    Anyone can give themselves the title of "financial advisor," so it's important to pick one who has accreditations and certifications from regulatory boards such as the CFP Board, Fi360, InFRE, and FINRA. As fiduciary advisors and CERTIFIED FINANCIAL PLANNER™™ professionals, your Bridgeport, CT financial advisor at Correct Capital is bound by a "Code of Ethics and Standards of Conduct" to:

    1. Act with honesty, integrity, competence, and diligence.
    2. Act in the client's best interest.
    3. Exercise due care.
    4. Avoid conflicts of interest, disclose them when they arise, and manage them in the client's best interest.
    5. Maintain confidentiality and protect the privacy of client information.
    6. Act in a manner that reflects positively on the financial planning profession and CFP® certification.
  • Debt Management

    Financial advisors offer customized debt management plans that focus on managing debt, achieving lower interest rates where possible, and prioritizing repayments. The goal is to create a practical path forward that aligns with your financial situation and goals, ultimately leading to financial freedom.

  • Budgeting

    Creating and sticking to a budget is crucial to having the financial health and life you want. Financial advisors in Bridgeport, CT can assist clients comprehend how much money's coming in, spot areas for savings, and set realistic spending limits that facilitate wealth accumulation. By providing tools and strategies for successful budgeting, advisors ensure that clients can fulfill their current financial obligations while also planning for future goals.

When you hire a Bridgeport, CT financial advisor at Correct Capital, we begin by getting to know you personally and your objectives. We will evaluate your current income, assets, investments, debts, and expenses. Then we've completed that, we'll work in concert with you to ascertain your preferred risk tolerance and how we can best help you grow your money. As an independent advisory firm, our only obligation is to act in your best interest. There is no restrictions to the services, products, and investment opportunities our financial advisor team can propose, and we will never try to sell you on something we do not believe in ourselves.

When Should I Hire a Financial Advisor in Bridgeport, CT?

Seeking the assistance of a financial advisor can be a vital step towards achieving financial health, peace of mind, and wealth. While the right time can differ greatly from person to person, certain life events and circumstances often indicate the need for expert financial advice.

  • Major Life Changes: Life is a long line of changes, and many of them have major financial implications. Whether you're starting a family or facing retirement, these milestones can profoundly affect how your money should be used and invested. A financial advisor can help you through these changes, ensuring that your financial plan grows to meet your evolving situation and goals.
  • Lack of Experience, Time, Knowledge, or Interest to Manage Your Finances Alone: Managing personal finances can be complex, demanding, and, frankly, daunting for many. If you don't have the knowledge to successfully handle your investments, or simply choose to focus your energy elsewhere, a financial advisor can be invaluable. They bring expertise and wisdom to your financial decisions, assisting to enhance your portfolio, prevent costly mistakes, and set up your investments for sustainable growth.
  • Nearing Retirement: Retirement planning is one of the primary reasons individuals seek out financial advice. An advisor can assist you assess your current financial situation, calculate your retirement needs, and devise a plan to ensure you can enjoy your retirement years with peace of mind. This includes strategies for Social Security benefits, pension management, and withdrawal plans from retirement accounts.
  • Complex Financial Products: The financial market offers a myriad of investment options, many of which come with their own challenges. If you're considering investments in complex financial products—such as derivatives, alternative investments, or tax-optimized strategies—an advisor's knowledge can be crucial. They can help you grasp the risks and benefits, ensuring that any investment fits your overall financial strategy and goals.

Questions to Ask a Financial Advisor Before Hiring Them

Trust is essential whenever you hire someone to do something, but especially so when it involves your finances. Beyond just finding a reliable advisor, you need one whose specialties align with your needs. It's important to ask the right questions during your initial meetings. Here are key questions to consider:

  • What is your experience in the financial advisory field?

    Understanding an advisor's background, including their time spent in the industry, the types of clients they've assisted, and their expert areas, can give you a sense of their proficiency and whether they're equipped to tackle your financial needs.

  • What are your qualifications and certifications?

    Ask them to mention any qualifications (e.g., CFP®, CFA, ChFC) the advisor has earned. These accreditations often require fulfilling strict educational, experience, and ethical standards, signifying a high level of professionalism and expertise.

  • Can you describe your investment philosophy?

    An advisor's investment philosophy should align with your risk tolerance and financial goals. Whether they favor a cautious approach with a focus on long-term growth or a more aggressive strategy, their philosophy should be in harmony with your aspirations and expectations.

  • How do you usually communicate with clients?

    Communication style and frequency are essential to a productive client-advisor relationship. Inquire about how often you'll have meetings, whether they'll be in person or virtual, and how the advisor intends to keep you informed about your investments and financial plan.

  • What's your fee structure?

    Advisors can be either get money from fees/a percentage of your assets, commission from selling financial products, or a mixture thereof. Understanding how an advisor is compensated will enable you to discern potential conflicts of interest and make certain that their recommendations are given with your best interests in mind.

  • Do you have a fiduciary duty to your clients?

    Confirming that an advisor serves as a fiduciary is essential. This means they are legally required to put your interests before their own, providing advice that is in the best interest of your financial goals and needs.

  • What services do you offer beyond investment management?

    Many advisors provide extensive financial planning services, including retirement planning, tax strategies, estate planning, and more. Additionally, some financial advisory firms offer more in the way of client education and portfolio reviews. Grasping the full scope of services offered can enable you to assess whether the advisor can meet all your financial needs.

  • How do you handle conflicts of interest?

    An honest advisor will clearly explain potential conflicts of interest and how they deal with them to ensure they don't negatively impact their clients' financial plans. Fiduciary advisors must make known conflicts of interest, and must manage them in their client's best interest.

Asking these questions will not only give essential information about the financial advisor's qualifications and approach but also assist you in determining whether there is a good personal fit. Remember, a strong relationship with your financial advisor is built on transparency, trust, and mutual understanding.

You can find many of these questions answered on our FAQ page.

How Much Does a Financial Advisor Cost in Bridgeport, CT?

In general, there are three common ways for financial advisors to be compensated:

  1. Commission-Based: Commission-based advisors earn their income through commissions on the financial products they offer, such as other financial products. This fee structure can lead to a possible conflict, as the advisor could be motivated to recommend options that generate higher commissions rather than those that best meet your needs. Commission-based advisors are typically held to the suitability standard as opposed to the fiduciary standard, which means they have to recommend products that can help you achieve your goals, but not necessarily the ones most appropriate to your needs.
  2. Fee-Only: Fee-only advisors are compensated straightforwardly by clients for the advice and services they provide and do not receive any commissions from product sales. This compensation can take various shapes, including a percentage of the assets under management (AUM). This model is often seen as more transparent and aligned with the client's best interests, as it reduces conflicts of interest related to product sales.
  3. Fee-Based: Fee-based advisors use a combination of client-paid fees and commissions from selling financial products. While this model offers a mix of the fee-only and commission-based structures, fee-based advisors generally also have a fiduciary duty, which means that although they get commission from certain products, they must reveal this to the client and cannot recommend those products unless they sincerely believe they are in the client's best interests.

Correct Capital's Financial Advisory Services in Bridgeport, CT

Correct Capital stands out in the Bridgeport, CT financial advisory landscape for its bespoke approach to wealth management and financial planning. Understanding that not all clients have the same starting point or the same goals, we offer three different service models to our clients in Bridgeport, CT:


One-Time Financial Plan (best for validators)

This service model is ideal for those who are seeking the insights and advice a financial advisor can offer without the continuous oversight. This service is great for individuals who largely feel good about managing their finances but desire professional validation to confirm they're on the right track. Our team performs a thorough review of your financial landscape, supplying you with a detailed plan that addresses your specific goals, concerns, and growth opportunities.


Subscription (best for collaborators)

Our subscription service is designed for individuals who appreciate ongoing guidance and advice as their financial situation changes, or when they have specific questions about something related to their finances. This model offers monthly insights from our financial advisors, regular check-ins every quarter, and availability on an as-needed basis. While we won't manage your investments for you, we'll strive to look for opportunities to help you grow and save your wealth.


Wealth Management (best for delegators)

Our wealth management service model is for clients who choose to hand over the management of their investments and financial planning to professionals. This includes active investment management, comprehensive financial strategizing, and forward-looking guidance on a wide range of financial matters — from tax planning and retirement planning to estate considerations and beyond. Our wealth management clients enjoy a sense of security, knowing that every aspect of their financial well-being is being carefully managed by a dedicated team of professionals dedicated to maximizing their wealth and achieving their long-term goals.


Why Choose Correct Capital as Your Bridgeport, CT Financial Advisor?

Correct Capital is a premier choice for individuals and families in Bridgeport, CT looking for trusted, professional financial guidance. Here's why choosing Correct Capital can make a significant difference in your financial journey:

  • We're Fiduciary Advisors: As fiduciaries, we is legally obligated to act in your best interests. This commitment guarantees that every piece of advice, every investment recommendation, and every strategic decision we make on your behalf is done with your best interests in mind.
  • Our I.O.U. Promise: All the advice we offer is independent, objective, and unbiased. Our independence means we aren't tied to any specific financial institution or product, enabling us the freedom to choose the best investments and strategies for you.
  • Our Qualifications: We are a Registered Investment Advisor (RIA), which gives us the ability access to a wide variety of investment solutions and research. Our advisor team includes a couple of CERTIFIED FINANCIAL PLANNER™ professionals, an Accredited Investment Fiduciary (AIF®), an Enrolled Agent, and a CPA. Additionally, our retirement consultants and financial portfolio managers have over 100 years of combined experience.
  • Proactivity is Our Approach: We hold the belief that the most valuable way to create long-term financial security is to anticipate trends and lead, rather than follow. Utilizing the latest data and software to analyze trends, we prepare the most appropriate strategy for your needs.
  • Ongoing Education and Resources: Correct Capital offers quarterly webinars and workshops aimed at keeping you up-to-date and engaged with your financial health. Our dedication to client education ensures that you are fully prepared to make informed decisions together with your advisor.

Choosing Correct Capital as your financial advisor in Bridgeport, CT means joining forces with a team dedicated to your financial success. Our expertise, fiduciary commitment, and personalized approach to financial planning and investment management make us the perfect choice for individuals and families looking to achieve their financial goals and safeguard their future.

Other services we offer in Bridgeport, CT include:

Call Correct Capital's Bridgeport, CT Financial Advisor Team Today

The decisions you make about your finances and the choices you make with it are inherently personal. At Correct Capital, we firmly believe that the relationship between an individual, household, or entrepreneur in Bridgeport, CT and their financial advisor is based on mutual trust. Committed to guiding our clients realize their personal and financial goals, whether it's sending your children to college or finally achieving the dream of owning that dream car during your retirement years. Contact our Bridgeport, CT financial advisor team today at 877-930-4015 or get in touch with us online to take the first step towards building your wealth how you've always wanted.


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