Financial Advisor in Montgomery, AL

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Financial Advisor in Montgomery, AL. Your hard-earned money deserves attention, and you need to feel secure about how it's expanding and how it's being used. Many Montgomery residents lack the financial literacy to feel sure 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, regulations, and global events. That's when you should consider hiring a reliable, seasoned, and knowledgeable financial advisor. A Correct Capital financial advisor in Montgomery, AL will make your money work for you. We employ in-depth analytics along with our extensive expertise to create personalized financial solutions for individuals, families, and businesses in Montgomery, AL and beyond. Speak to a team member today at 877-930-4015 or contact us online to learn how Correct Capital can help you.

Wondering if you're ready to hire a financial advisor in Montgomery, AL? Take a look at our process page to see how straightforward we make it to ascertain if we would make a good team.


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A 2018 study by FINRA reported that 53 percent of American adults are worried about their finances. The root of that anxiety is frequently simply not being sure they're putting their money in the right places. Once our Montgomery, AL financial advisor team gets to know you, your present financial situation and your financial aims, we'll design a road map to help you realize them. As a fiduciary and an independent firm, your Correct Capital financial advisor is required to act in your best interest and we are not limited in the plans we can recommend. Our financial advisors in Montgomery, AL 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 provides advice on managing personal finances and investments. This role encompasses a spectrum of services, from investment management and retirement planning to tax planning and estate planning. Financial advisors take a holistic view of your financial situation to advise on strategies that suit your goals, risk tolerance, and time horizon. While technically anyone can call themselves a financial advisor or financial planner, trustworthy 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 Montgomery, AL

Financial advisors can work and market themselves under different titles:

  • Investment Advisors or Portfolio Managers: These professionals provide advice on securities and oversee investment portfolios. They're commonly associated with RIAs and are required to act in a fiduciary capacity, meaning they must act within a client's best interest. Investment advisors are registered with either the Securities and Exchange Commission (SEC) or state regulators, based 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 themselves. They must register with 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 instance, 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 undergone extensive training and uphold the highest ethical standards, including a fiduciary duty to their clients. CFPs offer a broad range of financial advisory services, ranging from managing debt to planning for retirement, and tax optimization strategies. Their approach is all-encompassing, designed to satisfy all aspects of a client's financial life.
  • Financial Consultants: This term can apply broadly, but chartered financial consultants (ChFCs) have completed training similar to CERTIFIED FINANCIAL PLANNER™ Professionals and are also bound by a fiduciary duty. Like CFPs, ChFCs focus on offering comprehensive financial advice, covering everything from investment management to retirement strategies, guaranteeing that clients' financial goals are achieved through the highest ethical standards.
  • Financial Coaches: Focus on enhancing clients' financial literacy, guiding with fundamentals such as saving money and creating budgets. They are perfect for clients who might not have the financial resources to hire a financial advisor yet. Their services provides a good starting point for managing personal finances efficiently, particularly for those in the early stages of financial planning.
  • Wealth Managers: Help high-net-worth individuals, offering extensive services that encompass estate planning, tax assistance, and investment management. They work closely with their clients to navigate complex financial situations and develop wealth preservation strategies. Their skill set is geared towards maximizing the financial health and legacy of wealthy individuals, making sure that every financial decision is aligned with tailored advice and approaches.

Each type of financial advisor provides unique expertise and services to the table. At Correct Capital, our group of advisors boasts CFPs and other qualified professionals who represent the highest standards of fiduciary responsibility and personalized service, making sure that we act solely in the best interest of our clients across all our engagements.

What Does a Financial Advisor Do?

A financial advisor will analyze your current financial situation, pinpoint means to enhance it, and help you reach your long-term financial goals. A lot of Montgomery, AL residents commonly immediately think of investing when they consider wealth management services and financial advisors. While that is a essential facet of any financial plan, a qualified financial advisor will be able to offer you all-encompassing financial advice that gives consideration to the entirety of your finances. The following are some of the services your Correct Capital financial advisor in Montgomery, AL will implement to help you realize your objectives.

  • Financial Planning

    Our money is a part of almost anything we do, from making sure we're set up in retirement, to paying for college, buying and/or selling a house, picking insurance policies, and putting food on the table each night. The best financial advisors in Montgomery, AL offer comprehensive services and bespoke advice by taking into account 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 7 out of 10 of Americans overpay in taxes each year. The United States tax code is notoriously complex, yet it allows for perfectly legal means to minimize taxes owed. A reliable and expert Montgomery, AL financial advisor will guide you through your tax implications in the interest of keeping more money in your pocket.

  • 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 Montgomery, AL will help to allocate and diversify your assets to mitigate risk and best position your money for growth.

  • Retirement Planning

    Depending on where you stand in life and your aspired lifestyle when you retire, your Montgomery, AL financial advisor will help with tax planning, considering the best age to retire, when to make withdrawals and how much to take out. A financial advisor will assist in formulating a budget and plan for source of income in retirement so you can live out your golden years exactly the way you want to.

  • 401(k) Services

    We offer 401(k) services to individuals and families as well as Montgomery, AL businesses and business owners. Setting up a 401(k) plan is a great way to maintain your best employees and keep them satisfied and happy. Our retirement consultants represent over $218 million in plan assets and hundreds of plan participants nationwide. Our Montgomery, AL financial advisor team offers thorough 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 tough to know the best way to manage the money you've already saved in a previous Montgomery, AL employer's 401(k) plan. You have several options, including 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 range of IRA accounts. A financial advisor will be skilled in how to best approach managing your 401(k) funds.

  • Generational Wealth Transfers

    You strive for your money, and it's normal to want to leave a legacy and leave some wealth behind the people you care about the dearly. Wealth transfers are distinct from simply leaving gifts behind in estate planning. A financial advisor in Montgomery, AL 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 call themselves a "financial advisor," so it's essential to pick 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 Montgomery, AL financial advisor at Correct Capital is bound by a "Code of Ethics and Standards of Conduct" to:

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

    Financial advisors offer customized debt management plans that focus on consolidating debt, securing lower interest rates if feasible, and structuring repayments. The goal is to create a practical path forward that matches your financial capabilities and goals, eventually leading to stability.

  • Budgeting

    Creating and sticking to a budget is crucial to having the financial health and life you want. Financial advisors in Montgomery, AL can help clients grasp your income level, spot areas for savings, and set realistic spending limits that promote wealth accumulation. By providing resources and strategies for successful budgeting, advisors ensure that clients can fulfill their current financial obligations while also preparing for future goals.

When you hire a Montgomery, AL 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 money. As an independent advisory firm, our only responsibility is to act in your best interest. There is no limitation to the services, products, and investment opportunities our financial advisor team can suggest, and we will never try to sell you on something we do not believe in ourselves.

When Should I Speak to a Financial Advisor in Montgomery, AL?

Seeking the guidance of a financial advisor can be a key step towards achieving financial well-being, peace of mind, and wealth. While the optimal timing can vary widely 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 changes, and many of them have major financial implications. Whether you're buying a home 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 evolving circumstances and goals.
  • Lack of Experience, Time, Knowledge, or Interest to Manage Your Finances By Yourself: Managing personal finances can be complicated, demanding, and, frankly, daunting for many. If you lack the experience to effectively handle your investments, or simply choose to focus your energy elsewhere, a financial advisor can be essential. They bring insight and perspective to your financial decisions, aiding to improve your portfolio, avoid costly mistakes, and set up your investments for long-term growth.
  • Nearing Retirement: Retirement planning is one of the most common reasons individuals seek out financial advice. An advisor can assist you evaluate your current financial situation, determine your retirement needs, and craft a plan to ensure you can experience 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 myriad 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 insight can be vital. They can assist you comprehend 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 when you're hiring someone for any service, but especially so when it involves 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 background, including their time spent in the industry, the types of clients they've collaborated with, and their specializations, can offer you a sense of their expertise and whether they're equipped to handle your specific financial circumstances.

  • What are your qualifications and certifications?

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

  • Can you describe your investment philosophy?

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

  • How do you usually communicate with clients?

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

  • What's your fee structure?

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

  • Are you a fiduciary financial advisor?

    Confirming that an advisor is a fiduciary is vital. This means they are legally required to put your interests before their own, giving 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. Understanding the full scope of services offered can help you gauge whether the advisor can meet all your financial needs.

  • How do you handle conflicts of interest?

    An honest advisor will openly discuss potential conflicts of interest and how they address them to ensure they don't negatively impact their clients' financial plans. Fiduciary advisors must disclose conflicts of interest, and must 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 Montgomery, AL?

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

  1. Commission-Based: Advisors who earn through commissions make their earnings through commissions on the financial products they offer, such as mutual funds. This fee structure can create a possible conflict, as the advisor might be incentivized to suggest products that generate higher commissions instead of those that best meet your needs. Commission-based advisors are typically held to the suitability standard as opposed to the fiduciary standard, which means they have to advise on products that can help you achieve your goals, but not necessarily the ones most appropriate to your needs.
  2. Fee-Only: Advisors on a fee-only basis 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 fixed fees assets under management (AUM). This model is frequently regarded 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: Advisors with a fee-based approach use a combination of client-paid fees and commissions from selling financial products. While this model offers a mix of the fee-only and commission-based structures, fee-based advisors 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 Montgomery, AL

Correct Capital is distinguished in the Montgomery, AL financial advisory landscape for its customized 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 Montgomery, AL:


One-Time Financial Plan (best for validators)

This service model is ideal 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 are generally confident in managing their finances but desire professional insight to confirm they're doing things the right way. Our team performs a thorough review of your financial landscape, providing you with a detailed plan that addresses 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 taxes, investments, or other aspects of their finances. This model offers monthly updates 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 save and grow your wealth.


Wealth Management (best for delegators)

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


Why Choose Correct Capital as Your Montgomery, AL Financial Advisor?

Correct Capital is a leading choice for individuals and families in Montgomery, AL seeking reliable, expert financial guidance. Here's why choosing Correct Capital can make a profound difference in your financial journey:

  • We're Fiduciary Advisors: As fiduciaries, Correct Capital are legally obligated to put your interests first. This commitment ensures 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: Every piece of guidance 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.
  • 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. Leveraging in-depth research and analytics, we prepare the most appropriate strategy for your needs.
  • Ongoing Education and Resources: We offer at Correct Capital quarterly webinars and workshops to keep you informed and engaged with your financial health. Our commitment to client education guarantees that you are well-equipped to make informed decisions alongside your advisor.

Choosing Correct Capital as your financial advisor in Montgomery, AL means partnering with a team committed 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 looking to achieve their financial goals and safeguard their future.

Other services we offer in Montgomery, AL include:

Call Correct Capital's Montgomery, AL Financial Advisor Team Today

The decisions you make about your finances and the choices you make with it are deeply personal. At Correct Capital, we strongly believe in the relationship between an individual, family, or business owner in Montgomery, AL and their financial advisor is founded on mutual trust. Dedicating our lives to guiding our clients achieve their personal and financial goals, be it sending your children to college or finally achieving the dream of owning that dream car during your retirement years. Contact our Montgomery, AL 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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