Financial Advisor in Irving, TX

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Financial Advisor in Irving, TX. You work hard for your money, and you need to feel assured about how it's expanding and how it's being used. Numerous Irving residents lack the financial literacy to feel like they can handle their investments and finances by themselves, while others simply don't have the time or inclination to stay informed on market trends along with new laws, rules, and global events. That's when you need a reliable, seasoned, and knowledgeable financial advisor. A Correct Capital financial advisor in Irving, TX will help your finances grow. We employ in-depth research along with our decades of experience to create personalized financial solutions for individuals, families, and businesses in Irving, TX and beyond. Speak to a team member today at 877-930-4015 or contact us through our website to see if Correct Capital is a good fit for you.

Uncertain if you're ready to hire a financial advisor in Irving, TX? Check out our process page to see how easy we make it to determine if you're a good fit.


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A 2018 study by FINRA found that 53 percent of American adults are anxious about their finances. The root of that concern is commonly just not being sure they're making the right decisions with their money. After our Irving, TX financial advisor team gets to know you, your current financial situation and your financial objectives, we'll implement a road map to help you realize them. As a fiduciary and an independent firm, every Correct Capital financial advisor is legally and ethically bound to act in your best interest and we are not limited in the options we can offer you. Our financial advisors in Irving, TX 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 manage their money, budget, put enough money away, and plan for their financial future. This role covers a wide range of services, from portfolio 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, trustworthy and professional advisors will have accreditations from organizations such as FINRA and the CFP Board that denote their experience and education.

Types of Financial Advisors in Irving, TX

Financial advisors come in various forms, each with different areas of expertise, compensation models, and types of services offered:

  • 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 amount of investments they manage.
  • Broker-Dealers and Brokers: Broker-dealers buy and sell securities like stocks, bonds, and mutual funds on behalf of their clients or for their own accounts. They must register with the SEC and are typically 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, including mutual funds and exchange-traded funds (ETFs).
  • CERTIFIED FINANCIAL PLANNER™ Professionals (CFPs): Professionals holding the CFP certification have completed rigorous training and adhere to the highest ethical standards, particularly a fiduciary duty to their clients. CFPs offer a wide array of financial planning services, such as debt management to planning for retirement, and tax optimization strategies. This approach is holistic, intended to meet every facet of a client's financial life.
  • Financial Consultants: This term can be widely applied, but chartered financial consultants (ChFCs) have completed education similar to CFPs and are also required to hold their clients' interests above their own. Like CFPs, ChFCs specialize in offering comprehensive financial advice, covering areas such as estate planning to tax advice, guaranteeing that clients' financial goals are achieved through the highest ethical standards.
  • Financial Coaches: Concentrate on enhancing clients' financial literacy, assisting with basics such as saving money and budgeting. 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 handling personal finances wisely, particularly for those looking to take the first step towards financial wellbeing.
  • Wealth Managers: Serve high-net-worth individuals, offering a broad array of services that include estate planning, tax assistance, and investment management. They partner closely with their clients to manage complex financial situations and implement wealth preservation strategies. Their expertise is geared towards maximizing the financial health and legacy of those with substantial assets, guaranteeing that their clients' goals and aspirations are met through tailored advice and strategies.

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

What Does a Financial Advisor Do?

A financial advisor will analyze your present financial situation, ascertain means to enhance it, and help you achieve your future financial goals. A lot of Irving, TX residents commonly immediately think of investing when they consider wealth management services and financial advisors. While that is a central aspect of any financial plan, an experienced financial advisor will be able to give you comprehensive financial advice that takes into account the entirety of your finances. The following are some of the services your Correct Capital financial advisor in Irving, TX will use to help you accomplish your objectives.

  • Financial Planning

    Our finances are integral to almost anything we do, from making sure we're prepared for retirement, to paying for college, buying and/or selling a house, deciding on insurance policies, and making sure we have enough to eat every night. The best financial advisors in Irving, TX offer holistic services and personalized guidance 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, over 70 percent of Americans overpay in taxes each year. The United States tax code is notoriously complex, yet it allows for perfectly legal ways to lower your taxes. A skilled and ethical Irving, TX financial advisor will help you navigate 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 stocks, bonds, mutual funds, exchange-traded funds (ETFs), cash equivalents, or alternative assets such as real estate. A financial advisor in Irving, TX will assist in allocating and diversify your assets in order to mitigate risk and optimally position your money for long-term success.

  • Retirement Planning

    Depending on where you currently are in life and your desired lifestyle when you retire, your Irving, TX financial advisor will assist with tax implications, evaluating the optimal time to retire, when to withdraw money and how much to withdraw. A financial advisor will help you formulate a budget and strategy for where your income will come from 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 Irving, TX businesses and business owners. Setting up a 401(k) plan is a fantastic way to keep your best employees and keep them productive and happy. Our retirement consultants manage over $218 million in plan assets and numerous of plan participants nationwide. Our Irving, TX 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 tough to know the best way to manage the money you've already saved in a previous Irving, TX employer's 401(k) plan. You have a number of options, such as keeping the money in the account it is in now, moving it to a new 401(k), or putting the money in one of a selection of IRA accounts. A financial advisor will know how to best manage managing your 401(k) funds.

  • Generational Wealth Transfers

    You strive for your money, and it's natural to want to leave a legacy and bequeath some wealth behind the people you care about the dearly. Wealth transfers are separate from simply leaving gifts behind in estate planning. A financial advisor in Irving, TX can optimize your money for not only your children but for generations to come, even ones you haven't met yet.

  • Fiduciary Advising

    Anyone can give themselves the title of "financial advisor," so it's paramount to choose one who has earned accreditations and certifications from regulatory boards such as the CFP Board, Fi360, InFRE, and FINRA. As fiduciary advisors and CERTIFIED FINANCIAL PLANNER™™ professionals, your Irving, TX 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 tailored debt management plans that focus on consolidating debt, achieving lower interest rates where possible, and structuring repayments. The goal is to create a workable path forward that aligns with your financial situation and goals, ultimately leading to financial freedom.

  • Budgeting

    Creating and sticking to a budget is fundamental to achieving financial health and goals. Financial advisors in Irving, TX can help clients comprehend their cash flow, spot areas for savings, and set realistic spending limits that facilitate wealth accumulation. By providing resources and strategies for effective budgeting, advisors ensure that clients can fulfill their current financial obligations while also saving for future goals.

When you hire a Irving, TX financial advisor at Correct Capital, we start by getting to know you and your goals. We will assess your current income, assets, investments, debts, and expenses. After we've accomplished that, we'll work in tandem with you to establish your preferred risk tolerance and how we can best help you grow your wealth. As an independent advisory firm, our only job is to act in your best interest. There is no limit 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.

Do I Need to Hire a Financial Advisor in Irving, TX?

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

  • Major Life Transitions: Life is a series of changes, and many of them have major financial implications. Whether you're starting a family or changing careers, these milestones can dramatically affect your financial landscape. A financial advisor can help you navigate these changes, ensuring that your financial plan grows to meet your new situation and goals.
  • Lack of Experience, Time, Knowledge, or Interest to Manage Your Finances Alone: Managing personal finances can be complex, demanding, and, frankly, overwhelming for many. If you lack the experience to effectively handle your investments, or simply choose to focus your time elsewhere, a financial advisor can be crucial. They bring expertise and perspective to your financial decisions, assisting to optimize your portfolio, avoid costly mistakes, and set up your investments for sustainable growth.
  • Nearing Retirement: Retirement planning is one of the foremost reasons individuals seek out financial advice. An advisor can aid you evaluate your current financial situation, estimate your retirement needs, and devise a plan to ensure you can enjoy your retirement years comfortably. 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 complexities. If you're considering investments in complex financial products—such as derivatives, alternative investments, or tax-optimized strategies—an advisor's expertise can be vital. They can assist you comprehend 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 paramount whenever you hire someone to do something, but particularly so when it comes to your finances. Beyond just finding a reliable advisor, you need one who best meets your needs. It's important to inquire properly 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 years in the industry, the types of clients they've assisted, and their expert areas, can provide you a sense of their expertise and whether they're equipped to tackle your financial situation.

  • What are your qualifications and certifications?

    Inquire about any certifications (e.g., CFP®, CFA, ChFC) the advisor holds. These credentials often require fulfilling rigorous educational, experience, and ethical standards, signifying a high level of expertise 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 aggressive strategy, their philosophy should resonate with your goals and expectations.

  • How do you usually communicate with clients?

    Communication method and regularity are crucial to a productive client-advisor relationship. Ask about how often you'll be able to meet with your advisor, whether they'll be face-to-face or virtual, and how the advisor plans to keep you informed about your investments and financial plan.

  • What's your fee structure?

    Advisors can be fee-only, commission-based, or a mixture thereof. Grasping how an advisor is compensated will assist you in identifying potential conflicts of interest and make certain that their advice is given with your best interests in mind.

  • Do you have a fiduciary duty to your clients?

    Confirming that an advisor is a fiduciary is crucial. This means they are legally obligated to put your interests ahead of their own, offering advice that is in the best interest of your financial goals and needs.

  • What services do you offer beyond investment management?

    Many advisors provide holistic 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 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 manage them to ensure they don't harm their clients' financial plans. Fiduciary advisors must disclose 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 Irving, TX?

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 other financial products. This fee structure can create a potential conflict of interest, as the advisor might be incentivized to suggest options that generate higher commissions rather than 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 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 fixed fees 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 blend 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 Irving, TX

Correct Capital is distinguished in the Irving, TX financial advisory landscape for its customized approach to wealth management and financial planning. Understanding that not all clients have the same starting point or identical goals, we offer a variety of service models to our clients in Irving, TX:


One-Time Financial Plan (best for validators)

This service model is ideal for those who are looking for the guidance and recommendations a financial advisor can offer without the ongoing management. This service is great for individuals who are generally confident in managing their finances but desire professional validation to confirm they're setting their money up for success in the best way. Our team performs a thorough review of your current financial situation, providing you with a detailed plan that addresses your specific goals, concerns, and growth opportunities.


Subscription (best for collaborators)

Our subscription service caters to people who appreciate consistent guidance and advice as their financial situation changes, or when they have specific questions about something related to their finances. This model offers monthly updates from our financial advisors, quarterly meetings, and availability on an as-needed basis. 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 portfolio management, comprehensive financial strategizing, and proactive advice on a wide range of financial matters — from tax strategies and retirement planning to estate considerations and beyond. Our wealth management clients enjoy peace of mind, 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 financial goals.


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

Correct Capital is a leading choice for individuals and families in Irving, TX seeking 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 at heart.
  • Our I.O.U. Promise: Every piece of guidance we offer is independent, objective, and unbiased. Our independence means we are not tied to any specific financial institution or product, allowing 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 two CERTIFIED FINANCIAL PLANNER™ professionals, an Accredited Investment Fiduciary (AIF®), an Enrolled Agent, and a CPA. Moreover, 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. Leveraging in-depth research and analytics, 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 commitment to client education ensures that you are well-equipped to make informed decisions alongside your advisor.

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

Other services we offer in Irving, TX include:

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

Your money and the choices you make with it are inherently personal. At Correct Capital, we firmly believe that the relationship between an individual, household, or business owner in Irving, TX and their financial advisor is founded on mutual trust. Committed to helping our clients achieve their financial and personal goals, be it sending your children to college or making the dream purchase of that dream car in retirement. Contact our Irving, TX financial advisor team today at 877-930-4015 or start a conversation with us online to begin growing your wealth how you've always wanted.


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