Financial Advisor in Garland, TX

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Financial Advisor in Garland, TX. You work hard for your money, and you want to be secure about how it's expanding and how it's being used. Many Garland residents lack the financial literacy to feel sure they're making the right decisions with their money, while others are too busy or inclination to stay informed on financial markets along with new laws, regulations, and global events. That's when you should consider hiring a reliable, experienced, and knowledgeable financial advisor. A Correct Capital financial advisor in Garland, TX will make your money work for you. We utilize in-depth analytics along with our extensive expertise to create personalized financial solutions for individuals, families, and businesses in Garland, TX and beyond. Reach out to us today at 877-930-4015 or contact us through our website to learn how Correct Capital can help you.

Uncertain if you're ready to hire a financial advisor in Garland, TX? 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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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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A 2018 study by FINRA revealed that 53 percent of American adults are worried about their finances. A source of that concern is commonly simply not being sure they're managing their money correctly. Once our Garland, TX financial advisor team gets to know you, your finances and your financial ambitions, we'll build 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 plans we can offer you. Our financial advisors in Garland, TX have certifications that can only be gained through exhaustive testing and by meeting stringent education requirements.

What Is a Financial Advisor?

A financial advisor is a specialist who provides advice on managing personal finances and investments. This role includes a spectrum of services, from investment management and retirement planning to tax planning and generational wealth transfers. The primary goal of a financial advisor is to help individuals and organizations reach their financial objectives by creating strategies that align with their risk tolerance, financial situation, and long-term goals. While technically anyone can call themselves a financial advisor or financial planner, reliable and professional advisors will have qualifications from regulatory bodies such as FINRA and the CFP Board that signify their experience and education.

Types of Financial Advisors in Garland, TX

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 customers:

  • Investment Advisors or Portfolio Managers: These professionals offer advice on securities and manage investment portfolios. They're commonly associated with RIAs and are required to serve as fiduciaries, putting their clients' interests above their own. Investment advisors are registered with either the Securities and Exchange Commission (SEC) or state regulators, depending on the amount of investments they manage.
  • Broker-Dealers and Brokers: Broker-dealers trade securities like stocks, bonds, and mutual funds for their clients or for themselves. They must be registered by the SEC and are usually 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 has a Series 7 license represents general securities, such as mutual funds and exchange-traded funds (ETFs).
  • CERTIFIED FINANCIAL PLANNER™ Professionals (CFPs): Advisors with the CFP designation have completed rigorous training and adhere to high ethical standards, particularly a fiduciary duty to their customers. CFPs provide a broad range of financial planning services, such as managing debt to planning for retirement, and investment strategies. Their approach is holistic, designed to address all aspects of a client's financial life.
  • Financial Consultants: This term can be widely applied, but chartered financial consultants (ChFCs) have completed education comparable with CFPs and also adhere to a fiduciary duty. They specialize in offering holistic financial advice, covering areas such as investment management to tax advice, guaranteeing that customers' financial goals are achieved through the highest ethical standards.
  • Financial Coaches: Focus on improving clients' financial literacy, guiding with fundamentals such as saving money and budgeting. They are perfect for clients who are not yet wealthy enough to work with most financial advisors. Financial coaching offers a strong basis for managing personal finances wisely, especially for those looking to take the first step towards financial wellbeing.
  • Wealth Managers: Serve high-net-worth individuals, offering extensive services that include estate planning, tax help, and investment management. They collaborate intimately with their clients to navigate complex financial situations and implement wealth preservation strategies. This expertise is geared towards enhancing the financial health and legacy of wealthy individuals, making sure that all investments and planning strategies meet personalized advice and solutions.

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 features CFPs and other qualified professionals who represent the highest standards of fiduciary responsibility and personalized service, ensuring that we act exclusively in the best interest of our clients across all our engagements.

What Does a Financial Advisor Do?

A financial advisor will examine your present finances, identify means to enhance it, and help you reach your long-term financial goals. A lot of Garland, TX residents frequently immediately think of investing when they consider wealth management services and financial advisors. While that is a fundamental facet of any financial plan, a certified financial advisor will be able to offer you holistic financial advice that takes into account the whole of your finances. Below are some of the services your Correct Capital financial advisor in Garland, TX will utilize in order to help you reach your objectives.

  • 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 house, choosing insurance policies, and putting food on the table each night. The best financial advisors in Garland, TX offer comprehensive services and tailored guidance by considering your entire financial situation.

  • Tax Planning

    Tax considerations play a role almost any time money is exchanged or used. According to the IRS's own data, over 7 out of 10 of Americans pay more than necessary 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 Garland, TX financial advisor will help you navigate your tax implications in the interest of keeping more money in your own account.

  • Portfolio Management and Asset Management

    Your financial portfolio is the assembly of your financial assets. They can include stocks, bonds, mutual funds, exchange-traded funds (ETFs), cash equivalents, or alternative assets such as real estate. A financial advisor in Garland, TX will help in allocating and diversify your assets to mitigate risk and strategically position your money for long-term success.

  • Retirement Planning

    Depending on where you currently are in life and the kind of life you want to live when you retire, your Garland, TX financial advisor will assist with tax implications, considering the best age to retire, when to withdraw money and how much to take out. A financial advisor will assist in formulating a budget and strategy for source of income in retirement so you can spend your golden years exactly the way you want to.

  • 401(k) Services

    We offer 401(k) services to individuals and families as well as Garland, TX businesses and business owners. Implementing a 401(k) plan is a superb way to retain your best employees and keep them motivated and happy. Our retirement consultants represent over $218 million in plan assets and hundreds of plan participants nationwide. Our Garland, TX financial advisor team offers comprehensive 401(k) planning for companies as well as customized benefits for their employees.

  • 401(k) Rollover

    When transitioning to a new job, it can be challenging to know the best way to handle the money you've already saved in a previous Garland, TX employer's 401(k) plan. You have a number of options, including leaving the money in the account it is currently in, transferring it to a new 401(k), or investing the money in one of a selection of IRA accounts. A financial advisor will be skilled in how to best manage handling your 401(k) funds.

  • Generational Wealth Transfers

    You strive for your money, and it's common to desire to leave a legacy and bequeath some wealth behind the people you care about the most. Wealth transfers are separate from merely leaving gifts behind in estate planning. A financial advisor in Garland, TX can strategically plan your money for both 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 choose one who has received accreditations and certifications from regulatory boards such as the CFP Board, Fi360, InFRE, and FINRA. As fiduciary advisors and CERTIFIED FINANCIAL PLANNER™™ professionals, your Garland, TX 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 tailored 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 aligns with your financial situation and goals, eventually leading to financial freedom.

  • Budgeting

    Creating and sticking to a budget is essential to achieving financial health and goals. Financial advisors in Garland, TX can help clients comprehend how much money's coming in, identify areas to spend less, and set realistic spending limits that encourage growing your wealth. By providing tools and strategies for effective budgeting, advisors make sure that clients can satisfy their current financial obligations while also saving for future goals.

When you hire a Garland, TX financial advisor at Correct Capital, we begin by getting to know you personally and your aims. We will evaluate your current income, assets, investments, debts, and expenses. Next we've completed that, we'll work with you to establish your preferred risk tolerance and how we can best help you grow your money. As an independent advisory firm, our only commitment is to act in your best interest. There is no limitation to the services, products, and investment opportunities our financial advisor team can offer you, 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 Garland, TX?

Seeking the advice of a financial advisor can be a key step towards getting the life and financial health you want. While the right time can differ greatly from person to person, certain life events and circumstances often suggest the need for professional financial advice.

  • Major Life Changes: Life is a series of changes, and many of them have substantial financial implications. Whether you're starting a family or facing retirement, these milestones can profoundly affect your financial landscape. A financial advisor can guide you manage these changes, ensuring that your financial plan adapts to meet your changing situation and goals.
  • Lack of Experience, Time, Knowledge, or Desire to Manage Your Finances By Yourself: Managing personal finances can be complex, time-consuming, and, frankly, daunting for many. If you don't have the knowledge to effectively handle your investments, or simply prefer to spend your time elsewhere, a financial advisor can be crucial. They bring experience and objectivity to your financial decisions, aiding to optimize your portfolio, prevent costly mistakes, and set up your investments for future success.
  • 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, estimate your retirement needs, and craft a plan to ensure you can experience your retirement years without worry. This includes strategies for Social Security benefits, pension management, and distribution strategies from retirement accounts.
  • Complex Financial Products: The financial market offers a wide array of investment options, many of which come with their own set of complexities. If you're considering investments in complex financial products—such as derivatives, alternative investments, or tax-optimized strategies—an advisor's knowledge can be vital. They can guide you grasp 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 essential whenever you hire someone to do something, but particularly so when it comes to your finances. In addition to finding a dependable 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 experience, including their years in the industry, the varieties of clients they've assisted, and their specializations, can offer you a sense of their expertise and whether they're prepared to manage your financial situation.

  • What are your qualifications and certifications?

    Ask about any qualifications (e.g., CFP®, CFA, ChFC) the advisor holds. These accreditations often require fulfilling demanding education, experience, and ethical standards, signifying a high level of professionalism and expertise.

  • Can you describe your investment philosophy?

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

  • How do you prefer to communicate with clients?

    Communication style and frequency are essential to a fruitful client-advisor relationship. Discuss how often you'll have meetings, whether they'll be face-to-face or online, and how the advisor expects to keep you informed about how your investments are going and if you need any updates to your 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 combination thereof. Understanding how an advisor is compensated will enable you to discern potential biases and ensure that their advice is given with your best interests in mind.

  • Are you a fiduciary financial advisor?

    Confirming that an advisor is a fiduciary is essential. This means they are legally obligated to put your interests ahead of their own, giving advice that is in the best interest of 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. Understanding 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 transparently share 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 are required to 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 Garland, TX?

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 products they sell, such as insurance policies. This fee structure can lead to a potential conflict of interest, as the advisor could be motivated to suggest products that generate higher commissions instead of those that best meet your needs. These advisors are typically held to the suitability standard as opposed to the fiduciary standard, which means they have to advise on 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 guidance and assistance they provide and do not receive any commissions from product sales. This compensation can take various shapes, including hourly rates assets under management (AUM). This model is often seen as more clear and in line 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 fees paid by the client 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 are not allowed to recommend those products unless they sincerely believe they are in the client's best interests.

Correct Capital's Financial Advisory Services in Garland, TX

Correct Capital stands out in the Garland, TX 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 Garland, TX:


One-Time Financial Plan (best for validators)

This service model is best 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 are largely confident in managing their finances but desire professional validation to ensure they're on the right track. 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 is designed for people who appreciate ongoing guidance and advice as their financial situation changes, or when they have specific questions about taxes, investments, or other aspects of their finances. This model offers monthly insights from our financial advisors, quarterly meetings, and availability on an as-needed basis. While we won't be managing your portfolio, we'll work to look for opportunities to help you flourish financially.


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 portfolio 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 overseen by a dedicated team of professionals dedicated to maximizing their wealth and achieving their long-term goals.


Why Choose Correct Capital as Your Garland, TX Financial Advisor?

Correct Capital is a premier choice for individuals and families in Garland, TX seeking trusted, professional financial guidance. Here's why choosing Correct Capital can make a profound difference in your financial journey:

  • We are Fiduciary Advisors: As fiduciaries, we are 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 carried out in a way that aligns most closely with your goals.
  • Our I.O.U. Promise: All the advice we offer is independent, objective, and unbiased. Our independence means we aren't tied to any 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 two CERTIFIED FINANCIAL PLANNER™ professionals, an Accredited Investment Fiduciary (AIF®), an Enrolled Agent, and a CPA. Additionally, 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 anticipate trends and lead, rather than follow. Leveraging the latest data and software to analyze trends, our aim is to craft the most appropriate strategy for your needs.
  • Continuous Learning Opportunities: 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 Garland, TX means partnering with a team committed to your financial success. Our expertise, fiduciary commitment, and personalized approach to financial planning and investment management make us the ideal partner for individuals and families looking to achieve their financial goals and safeguard their future.

Other services we offer in Garland, TX include:

Call Correct Capital's Garland, TX Financial Advisor Team Today

The decisions you make about your finances and the decisions you make with it are deeply personal. At Correct Capital, we strongly believe in the relationship between a person, family, or business owner in Garland, TX and their financial advisor is based on mutual trust. Committed to helping our clients realize their financial and personal goals, whether it's sending your children to college or making the dream purchase of that dream car during your retirement years. Contact our Garland, TX financial advisor team today at 877-930-4015 or start a conversation with us online to begin building your wealth how you've always wanted.


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