Financial Advisor in Chandler, AZ

Financial Advisor in Chandler, AZ. You work hard for your money, and you want to be secure about how it's growing and how it's being used. A lot of Chandler residents lack the financial literacy to feel confident they're making the right decisions with their money, while others are too busy or interest to stay up to date on financial markets along with new laws, rules, and global events. That's when you need a reliable, experienced, and knowledgeable financial advisor. A Correct Capital financial advisor in Chandler, AZ will make your money work for you. We use in-depth analytics along with our extensive expertise to create personalized financial solutions for individuals, families, and businesses in Chandler, AZ and beyond. Reach out to us today at 877-930-4015 or contact us online to see if Correct Capital is a good fit for you.

Not sure if you're ready to work with a financial advisor in Chandler, AZ? Check out our process page to discover how straightforward we make it to find out if we would make a good team.

A 2018 study by FINRA reported that 53 percent of American adults are worried about their finances. A source of that anxiety is often just not being sure they're making the right decisions with their money. After our Chandler, AZ financial advisor team gets to know you, your finances and your financial objectives, we'll design a road map to help you reach them. As a fiduciary and an independent firm, your Correct Capital financial advisor is legally and ethically bound to act in your best interest and we are not limited in the solutions we can recommend. Our financial advisors in Chandler, AZ have certifications that can only be gained through exhaustive 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, save, and plan for their financial future. This broad definition includes a wide range 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 match your goals, risk tolerance, and time horizon. While technically anyone can call themselves a financial advisor or financial planner, trustworthy and professional advisors will have qualifications from organizations such as FINRA and the CFP Board that signify their experience and education.

Types of Financial Advisors in Chandler, AZ

There are various types of advisors that differ based on the services they offer, how they're paid, their professional expertise, and their legal obligations to clients:

• Investment Advisors or Portfolio Managers: These advisors offer advice on securities and oversee 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, based on the assets under management.
• Broker-Dealers and Brokers: Broker-dealers trade securities like stocks, bonds, and mutual funds on behalf of their clients or for themselves. They must be registered by the SEC and are usually members of FINRA. The financial products they can sell depend on their specific licenses, such as Series 6 or Series 7. For example, an individual who has a Series 7 license is qualified to sell general securities, including mutual funds and exchange-traded funds (ETFs).
• CERTIFIED FINANCIAL PLANNER™ Professionals (CFPs): Professionals holding the CFP designation have undergone extensive training and adhere to high ethical standards, including a fiduciary duty to the people whose assets they help manage. CFPs provide a wide array of financial advisory services, including managing debt to planning for retirement, and tax optimization strategies. This approach is holistic, designed to address all aspects of a client's financial life.
• Financial Consultants: This term can apply broadly, but chartered financial consultants (ChFCs) have completed education similar to CFPs and are also required to hold their clients' interests above their own. They specialize in offering holistic financial advice, encompassing areas such as estate planning to tax advice, ensuring that clients' financial goals are met with the highest ethical standards.
• Financial Coaches: Focus 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 strong basis for handling personal finances efficiently, particularly for those looking to take the first step towards financial wellbeing.
• Wealth Managers: Help high-net-worth individuals, offering extensive services that encompass estate planning, tax help, and investment management. They work closely with their clients to handle complex financial situations and develop wealth preservation strategies. This expertise is geared towards enhancing the financial health and legacy of affluent clients, making sure that their clients' goals and aspirations are met through customized advice and solutions.

Each type of financial advisor brings unique expertise and services to the table. At Correct Capital, our team of advisors includes CFPs and other qualified professionals who uphold the highest standards of fiduciary responsibility and personalized service, guaranteeing that we act solely in the best interest of our clients in all of our advice and dealings.

What Does a Financial Advisor Do?

A financial advisor will evaluate your extant finances, identify means to enhance it, and help you reach your long-term financial goals. A lot of Chandler, AZ residents often immediately think of investing when they think of wealth management services and financial advisors. While that is a central facet of any financial plan, a qualified financial advisor will be able to provide you with extensive financial advice that takes into consideration the whole of your finances. The following are some of the services your Correct Capital financial advisor in Chandler, AZ will use in order to help you achieve your goals.

• Financial Planning

  Our finances are a part of almost anything we do, from making sure we're set up in retirement, to education, buying and/or selling a house, deciding on insurance policies, and putting food on the table each night. The best financial advisors in Chandler, AZ offer all-encompassing services and bespoke consulting by taking into account your entire financial situation.

• Tax Planning

  Tax considerations play a role in virtually every financial transaction and transfer. According to the IRS's own data, over 7 out of 10 of Americans pay more than necessary in taxes each year. The United States tax code is incredibly complicated, yet it offers perfectly legal ways to reduce your tax liability. A professional and trustworthy Chandler, AZ financial advisor will assist you in navigating your tax implications to ensure keeping more money in your hands than in Uncle Sam's.

• Portfolio Management and Asset Management

  Your financial portfolio is the aggregation of your financial assets. They can include equities, bonds, mutual funds, exchange-traded funds (ETFs), cash equivalents, or alternative assets such as art. A financial advisor in Chandler, AZ will assist in allocating and diversify your assets to mitigate risk and optimally position your money for growth.

• Retirement Planning

  Depending on where you currently are in life and your desired lifestyle when you retire, your Chandler, AZ financial advisor will help with tax implications, considering the optimal time to retire, when to make withdrawals and how much to take out. A financial advisor will aid in creating a budget and strategy for source of income in retirement so you can spend your golden years just how you want to.

• 401(k) Services

  We offer 401(k) services to individuals and families as well as Chandler, AZ businesses and business owners. Implementing a 401(k) plan is a superb way to maintain your best employees and keep them motivated and happy. Our retirement consultants manage over $218 million in plan assets and thousands of plan participants nationwide. Our Chandler, AZ financial advisor team offers extensive 401(k) planning for companies as well as individualized benefits for their employees.

• 401(k) Rollover

  When starting a new job, it can be difficult to know the best way to deal with the money you've accumulated in a previous Chandler, AZ employer's 401(k) plan. You have multiple options, such as leaving the money in the account it is currently in, moving it to a new 401(k), or putting the money in one of a selection of IRA accounts. A financial advisor will have the knowledge how to best navigate handling your 401(k) funds.

• Generational Wealth Transfers

  You work hard for your money, and it's common to wish to leave a legacy and pass on some wealth behind the people you care about the most. Wealth transfers are separate from just leaving gifts behind in estate planning. A financial advisor in Chandler, AZ 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 crucial to choose one who has received accreditations and certifications from regulatory bodies such as the CFP Board, Fi360, InFRE, and FINRA. As fiduciary advisors and CERTIFIED FINANCIAL PLANNER™™ professionals, your Chandler, AZ financial advisor at Correct Capital must abide 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 personalized debt management plans that focus on managing debt, achieving lower interest rates where possible, and structuring repayments. The goal is to create a manageable path forward that matches your financial situation and goals, ultimately leading to financial freedom.

• Budgeting

  Creating and sticking to a budget is fundamental to having the financial health and life you want. Financial advisors in Chandler, AZ can help clients understand how much money's coming in, find areas to spend less, and set realistic spending limits that facilitate wealth accumulation. By providing tools and strategies for efficient budgeting, advisors make sure that clients can fulfill their current financial obligations while also planning for future goals.

When you hire a Chandler, AZ 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 tandem with you to determine your preferred risk tolerance and how we can best help you meet your goals. As an independent advisory firm, our only priority is to act in your best interest. There is no limitation 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 Consider Hiring a Financial Advisor in Chandler, AZ?

Seeking the advice of a financial advisor can be a vital step towards getting the life and financial security you want. While the ideal moment can vary widely from person to person, certain life events and circumstances often indicate the need for professional financial advice.

• Major Life Changes: Life is a series of transitions, and many of them have significant financial implications. Whether you're buying a home or facing retirement, these milestones can dramatically affect how your money should be used and invested. A financial advisor can help you manage these changes, ensuring that your financial plan evolves to meet your new circumstances and goals.
• Lack of Experience, Time, Knowledge, or Desire to Manage Your Finances Alone: Managing personal finances can be complex, demanding, and, frankly, overwhelming for many. If you aren't confident to effectively handle your investments, or simply prefer to focus your energy elsewhere, a financial advisor can be essential. They bring insight and perspective to your financial decisions, aiding to optimize your portfolio, prevent costly mistakes, and set up your investments for long-term growth.
• Nearing Retirement: Retirement planning is one of the primary reasons individuals seek out financial advice. An advisor can assist you evaluate your current financial situation, determine your retirement needs, and formulate a plan to ensure you can experience your retirement years with peace of mind. This includes strategies for Social Security benefits, pension management, and distribution strategies from retirement accounts.
• Complex Financial Products: The financial market offers a myriad of investment options, many of which come with their own complexities. If you're considering investments in complex financial products—such as derivatives, alternative investments, or tax-optimized strategies—an advisor's insight can be crucial. They can assist you understand the risks and benefits, ensuring that any investment aligns with your overall financial strategy and goals.

Questions to Ask a Financial Advisor Before Hiring Them

Trust is crucial whenever you hire someone to do something, but especially so when it comes to your finances. In addition to finding a trustworthy 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 track record, including their time spent in the industry, the varieties of clients they've collaborated with, and their areas of expertise, can give you a sense of their skills and whether they're prepared to manage your financial situation.

• What are your qualifications and certifications?

  Ask them to mention any certifications (e.g., CFP®, CFA, ChFC) the advisor has earned. These credentials often require meeting strict educational, experience, and ethical standards, indicating a high level of expertise and expertise.

• What is your investment philosophy?

  An advisor's investment philosophy should complement your risk tolerance and financial goals. Whether they favor a conservative approach with a focus on long-term growth or a more dynamic strategy, their philosophy should resonate with your goals and expectations.

• How do you usually communicate with clients?

  Communication method and frequency are vital to a productive client-advisor relationship. Discuss how often you'll be able to meet with your advisor, whether they'll be face-to-face or virtual, and how the advisor expects to keep you updated about how your investments are going and if you need any updates to your plan.

• How are you compensated for your services?

  Advisors can be fee-only, commission-based, or a combination thereof. Understanding how an advisor is compensated will help you identify potential biases and guarantee that their advice is given with your best interests in mind.

• Are you a fiduciary financial advisor?

  Confirming that an advisor serves as a fiduciary is essential. This means they are bound by law to put your interests ahead of their own, providing advice that optimally benefits your financial goals and needs.

• What services do you offer beyond investment management?

  Many advisors provide comprehensive financial planning services, including retirement planning, tax strategies, estate planning, and more. Additionally, some financial advisory firms offer more in the way of educational resources and portfolio reviews. Grasping the full scope of services offered can assist you in determining 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 address them to ensure they don't adversely affect their clients' financial plans. Fiduciary advisors must reveal conflicts of interest, and are required to manage them in their client's best interest.

Asking these questions will not only offer essential information about the financial advisor's qualifications and approach but also enable you to assess 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 Chandler, AZ?

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

1. Commission-Based: Commission-based advisors make their earnings through commissions on the products they sell, such as insurance policies. This fee structure can create a possible conflict, as the advisor might be incentivized to suggest options that generate higher commissions instead of those that are most suited to your financial goals. These 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 best suited to your needs.
2. Fee-Only: Fee-only advisors are compensated directly by their clients for the advice and services they provide and do not receive any commissions from product sales. This compensation can take several forms, including a percentage of the assets under management (AUM). This model is frequently regarded as more clear 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 blend of the fee-only and commission-based structures, such advisors typically also have a fiduciary duty, which means that even if they get commission from certain products, they must disclose that information 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 Chandler, AZ

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

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 excellent for individuals who are generally confident in managing their finances but are looking for professional insight to ensure they're doing things the right way. Our team performs a thorough review of your current financial situation, providing you with a detailed plan that tackles your specific goals, concerns, and opportunities for growth.

Subscription (best for collaborators)

Our subscription service caters to individuals who appreciate consistent guidance and advice as their financial situation evolves, or when they have specific questions about something related to their finances. This model offers monthly updates from our financial advisors, quarterly meetings, and open availability if the need ever arises. While we will not be managing your portfolio, 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 prefer 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 planning 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 committed to maximizing their wealth and achieving their long-term goals.

Why Choose Correct Capital as Your Chandler, AZ Financial Advisor?

Correct Capital is a leading choice for individuals and families in Chandler, AZ looking for reliable, expert financial guidance. Here's why choosing Correct Capital can make a significant difference in your financial journey:

• We're Fiduciary Advisors: As fiduciaries, we are legally obligated to act in your best interests. This commitment ensures that each piece of advice, each investment recommendation, and each strategic move we make on your behalf is carried out with your best interests in mind.
• Our I.O.U. Promise: All the advice we offer is independent, objective, and unbiased. Being independent signifies we aren't tied to any specific financial institution or product, enabling us the freedom to choose the best investments and strategies for you.
• Professional Credentials: 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. Moreover, our retirement consultants and financial portfolio managers boast over 100 years of combined experience.
• We Are Proactive: We hold the belief that the most valuable way to create long-term financial security is to stay ahead of trends and lead, rather than follow. Utilizing in-depth research and analytics, our aim is to craft 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 guarantees that you are fully prepared to make informed decisions together with your advisor.

Choosing Correct Capital as your financial advisor in Chandler, AZ means joining forces with a team dedicated to your financial success. Our experience, fiduciary commitment, and custom-tailored approach to financial planning and investment management make us the ideal partner for individuals and families seeking to achieve their financial goals and secure their future.

Other services we offer in Chandler, AZ include:

• High-Net-Worth Wealth Management
• Retirement Planner
• Financial Planning
• Retirement Plan Consultants
• Fiduciary Financial Advisor

Call Correct Capital's Chandler, AZ Financial Advisor Team Today

Your money and the choices you make with it are inherently personal. At Correct Capital, we strongly believe that the relationship between an individual, family, or business owner in Chandler, AZ and their financial advisor is based on trust. Committed to helping our clients realize their financial and personal goals, be it sending your children to college or finally achieving the dream of owning that dream car during your retirement years. Contact our Chandler, AZ financial advisor team today at 877-930-4015 or start a conversation with us online to begin growing your wealth in the manner you desire.

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