Financial Advisor in Laredo, TX

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Financial Advisor in Laredo, TX. Your hard-earned money deserves attention, and you want to be assured about how it's growing and how it's being used. Numerous Laredo residents lack the financial literacy to feel confident they're making the best decisions with their money, while others are too busy or inclination to stay informed on market trends along with new laws, rules, and different events happening around the world. That's when you need a reliable, experienced, and knowledgeable financial advisor. A Correct Capital financial advisor in Laredo, 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 Laredo, 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.

Wondering if you're ready to work with a financial advisor in Laredo, TX? Explore our process page to find out how simple we make it to determine 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 nervous about their finances. The cause of that concern is commonly just not being sure they're managing their money correctly. After our Laredo, TX financial advisor team gets to know you, your finances and your financial aims, we'll implement a road map to help you accomplish them. As a fiduciary and an independent firm, every Correct Capital financial advisor is required to act in your best interest and we are not limited in the plans we can put forward. Our financial advisors in Laredo, TX have certifications that can only be awarded through exhaustive testing and by meeting strict education requirements.

What Is a Financial Advisor?

A financial advisor is a professional who assists individuals manage their money, plan their finances, put enough money away, and prepare for their financial future. This comprehensive definition encompasses a spectrum of services, from portfolio management and retirement planning to tax planning and estate planning. Financial advisors take a comprehensive view of your financial situation to suggest strategies that suit your goals, risk tolerance, and time horizon. While technically anyone can call themselves a financial advisor or financial planner, credible and professional advisors will have qualifications from regulatory bodies such as FINRA and the CFP Board that can only be obtained through rigorous education and exams.

Types of Financial Advisors in Laredo, TX

There are several types of advisors that vary 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 professionals 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 registered with either the Securities and Exchange Commission (SEC) or state regulators, depending on the assets under management.
  • Broker-Dealers and Brokers: Broker-dealers buy and sell securities like stocks, bonds, and mutual funds for their clients or for their own accounts. They must be registered by 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 instance, someone 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 with the CFP certification have undergone extensive education and uphold high ethical standards, including a fiduciary duty to the people whose assets they help manage. CFPs provide a wide array of financial advisory services, such as debt management to planning for retirement, and tax optimization strategies. Their methodology is holistic, intended to satisfy every facet of a client's financial life.
  • Financial Consultants: This term can be widely applied, but chartered financial consultants (ChFCs) have undergone training similar to CERTIFIED FINANCIAL PLANNER™ Professionals and also adhere to a fiduciary duty. They focus on providing comprehensive financial advice, encompassing everything from estate planning to tax advice, ensuring that clients' 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 creating budgets. They are perfect for clients who don't have the wealth to hire a financial advisor just yet. This type of guidance provides a good starting point for managing personal finances efficiently, especially for those just starting out.
  • Wealth Managers: Cater to high-net-worth individuals, offering a broad array of services that encompass estate planning, tax help, and investment management. They collaborate intimately with their clients to navigate complex financial situations and formulate wealth preservation strategies. Their skill set is tailored for optimizing the financial health and legacy of affluent clients, making sure that all investments and planning strategies meet personalized advice and strategies.

Each type of financial advisor provides unique expertise and services to the table. At Correct Capital, our team of advisors includes CFPs and other qualified professionals who embody the highest standards of fiduciary responsibility and personalized service, ensuring that we act only in the best interest of our clients across all our engagements.

What Does a Financial Advisor Do?

A financial advisor will evaluate your extant financial situation, pinpoint means to enhance it, and help you accomplish your future financial goals. A lot of Laredo, TX residents often immediately think of investing when they think of wealth management services and financial advisors. While that is a core part of any financial plan, a qualified financial advisor will be able to provide you with extensive financial advice that gives consideration to the whole of your finances. The following are some of the services your Correct Capital financial advisor in Laredo, TX will implement in order to help you meet your objectives.

  • Financial Planning

    Our money is involved in almost anything we do, from making sure we're set up in retirement, to paying for college, real estate deals, choosing insurance policies, and making sure we have enough to eat every night. The best financial advisors in Laredo, TX offer holistic services and bespoke 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, more than 70 percent of Americans overpay in taxes each year. The United States tax code is incredibly complicated, yet it allows for perfectly legal ways to lower your taxes. A reliable and expert Laredo, TX financial advisor will guide you through your tax implications to ensure 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 real estate. A financial advisor in Laredo, TX will help to allocate and diversify your assets in order to mitigate risk and optimally position your money for growth.

  • Retirement Planning

    Depending on where you stand in life and the kind of life you want to live when you hang up your cape, your Laredo, 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 plan for where your income will come from 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 Laredo, TX businesses and business owners. Introducing a 401(k) plan is a fantastic way to maintain your best employees and keep them satisfied and happy. Our retirement consultants represent over $218 million in plan assets and thousands of plan participants nationwide. Our Laredo, TX financial advisor team offers comprehensive 401(k) planning for companies as well as customized benefits for their employees.

  • 401(k) Rollover

    When starting a new job, it can be challenging to know the best way to deal with the money you've already saved in a previous Laredo, TX employer's 401(k) plan. You have multiple options, including leaving the money in the account it is in now, moving it to a new 401(k), or investing the money in one of a variety of IRA accounts. A financial advisor will have the knowledge how to best navigate handling your 401(k) funds.

  • Generational Wealth Transfers

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

  • Fiduciary Advising

    Anyone can call themselves a "financial advisor," so it's essential to choose one who has accreditations and certifications from regulatory authorities such as the CFP Board, Fi360, InFRE, and FINRA. As fiduciary advisors and CERTIFIED FINANCIAL PLANNER™™ professionals, your Laredo, 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 personalized 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 matches your financial capabilities and goals, ultimately leading to stability.

  • Budgeting

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

When you hire a Laredo, TX financial advisor at Correct Capital, we start by getting to know you and your objectives. We will evaluate your current income, assets, investments, debts, and expenses. After we've accomplished that, we'll work in tandem with you to determine your preferred risk tolerance and how we can best help you grow your wealth. 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 recommend, 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 Laredo, TX?

Seeking the advice of a financial advisor can be a vital step towards achieving financial health, peace of mind, and wealth. While the optimal timing can differ greatly from person to person, certain life events and circumstances often signal the need for professional financial advice.

  • Major Life Changes: Life is a long line of transitions, and many of them have substantial financial implications. Whether you're buying a home or facing retirement, these milestones can significantly affect how your money should be used and invested. A financial advisor can guide you manage these changes, ensuring that your financial plan evolves to meet your evolving circumstances and goals.
  • Lack of Experience, Time, Knowledge, or Interest to Manage Your Finances Alone: Managing personal finances can be complex, time-consuming, and, frankly, overwhelming for many. If you lack the experience to effectively manage your investments, or simply prefer to focus your energy on other pursuits, a financial advisor can be crucial. They bring experience and wisdom to your financial decisions, assisting to improve your portfolio, avoid costly mistakes, and set up your investments for long-term growth.
  • Nearing Retirement: Retirement planning is one of the foremost reasons individuals seek out financial advice. An advisor can assist you review your current financial situation, estimate your retirement needs, and craft a plan to ensure you can enjoy your retirement years without worry. This includes strategies for Social Security benefits, pension management, and withdrawal plans from retirement accounts.
  • Complex Financial Products: The financial market offers a plethora 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 essential. They can help 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 paramount when you're hiring someone for any service, but especially so when it involves your hard-earned money. Beyond just 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 kinds of clients they've worked with, and their expert areas, can offer you a sense of their expertise and whether they're well-suited to handle 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 accreditations often require meeting strict educational, experience, and ethical standards, signifying a high level of competence and expertise.

  • What is 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 resonate with your goals and expectations.

  • How do you prefer to communicate with clients?

    Communication style and regularity are crucial 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 online, and how the advisor intends 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 mixture thereof. Understanding how an advisor is compensated will help you identify potential biases and make certain that their recommendations are made with your best interests in mind.

  • Are you a fiduciary financial advisor?

    Confirming that an advisor acts as a fiduciary is vital. This means they are legally required to put your interests before their own, offering advice that best serves 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 client education 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 transparently share potential conflicts of interest and how they address 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 Laredo, 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 mutual funds. This fee structure can lead to a possible conflict, as the advisor could be motivated to recommend products that generate higher commissions rather than those that are most suited to your financial goals. Commission-based 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 several forms, including a percentage of the assets under management (AUM). This model is often seen as more transparent 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 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 Laredo, TX

Correct Capital stands out in the Laredo, 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 three different service models to our clients in Laredo, TX:


One-Time Financial Plan (best for validators)

This service model is best for those who are seeking the guidance and recommendations a financial advisor can offer without the continuous oversight. This service is excellent for individuals who largely feel good about managing their finances but are looking for professional insight to ensure they're doing things the right way. Our team conducts a thorough review of your financial landscape, supplying you with a detailed plan that addresses your specific goals, concerns, and opportunities for growth.


Subscription (best for collaborators)

Our subscription service is designed for people who appreciate consistent guidance and advice as their financial situation evolves, or when they have specific questions about taxes, investments, or other aspects of their finances. This model offers monthly updates from our financial advisors, regular check-ins every quarter, and open availability if the need ever arises. While we won't 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, strategic financial planning, and forward-looking guidance on a wide range of financial matters — from tax planning and preparing for retirement to estate planning 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 long-term goals.


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

Correct Capital is a leading choice for individuals and families in Laredo, TX looking for 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, Correct Capital are legally obligated to put your interests first. 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 signifies we aren't tied to any specific financial institution or product, enabling us the freedom to select 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 stay ahead of 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.
  • 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 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 Laredo, TX means partnering with a team dedicated to your financial success. Our expertise, fiduciary commitment, and custom-tailored 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 Laredo, TX include:

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

Your money and the decisions you make with it are deeply personal. At Correct Capital, we firmly believe that the relationship between an individual, family, or business owner in Laredo, TX and their financial advisor is founded on mutual trust. Committed to helping our clients realize their personal and financial goals, whether it's funding higher education for your children or making the dream purchase of that dream car in retirement. Contact our Laredo, TX 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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