Financial Advisor in Peoria, AZ

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Financial Advisor in Peoria, AZ. You work hard for your money, and you need to be secure about how it's growing and how it's being used. Many Peoria residents do not have the financial literacy to feel confident they're making the optimal decisions with their money, while others simply don't have the time or interest to stay up to date on financial markets along with new laws, rules, and global events. That's when you should consider hiring a dependable, experienced, and knowledgeable financial advisor. A Correct Capital financial advisor in Peoria, AZ will help your finances grow. We use in-depth research along with our extensive expertise to create personalized financial solutions for individuals, families, and businesses in Peoria, AZ and beyond. Reach out to us today at 877-930-4015 or contact us online to learn how Correct Capital can help you.

Not sure if you're ready to hire a financial advisor in Peoria, AZ? Take a look at our process page to discover how straightforward we make it to determine if you're a good fit.


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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 found that 53 percent of American adults are anxious about their finances. A source of that concern is often just not being sure they're managing their money correctly. Once our Peoria, AZ financial advisor team gets to know you, your current financial situation and your financial objectives, we'll build a road map to help you reach them. As a fiduciary and an independent firm, every Correct Capital financial advisor is legally and ethically required to act in your best interest and we are not limited in the solutions we can put forward. Our financial advisors in Peoria, AZ have certifications that can only be acquired through rigorous testing and by meeting stringent education requirements.

What Is a Financial Advisor?

A financial advisor is a professional who provides advice on managing personal finances and investments. This broad definition includes a variety of services, from portfolio management and retirement planning to tax planning and generational wealth transfers. Financial advisors take a holistic view of your financial situation to suggest strategies that match your goals, risk tolerance, and time horizon. While technically anyone can call themselves a financial advisor or financial planner, reliable and professional advisors will have qualifications from organizations such as FINRA and the CFP Board that can only be achieved through rigorous education and exams.

Types of Financial Advisors in Peoria, AZ

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 professionals offer advice on securities and oversee investment portfolios. They're often associated with RIAs and are required to act in a fiduciary capacity, meaning they always have the client's best interest at heart. Investment advisors are certified with either the Securities and Exchange Commission (SEC) or state regulators, based on the size of the assets they manage.
  • Broker-Dealers and Brokers: Broker-dealers trade 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 depend on their specific licenses, such as Series 6 or Series 7. For instance, an advisor who has a Series 7 license is qualified to sell general securities, such as mutual funds and exchange-traded funds (ETFs).
  • CERTIFIED FINANCIAL PLANNER™ Professionals (CFPs): Advisors holding the CFP designation have undergone extensive training and uphold high ethical standards, including a fiduciary duty to their clients. CFPs offer a broad range of financial planning services, including debt management to planning for retirement, and estate planning. Their approach is holistic, intended to address all aspects of a client's financial life.
  • Financial Consultants: This term can apply broadly, but chartered financial consultants (ChFCs) have undergone training comparable with CFPs and are also bound by a fiduciary duty. They focus on providing holistic financial advice, encompassing everything from estate planning to retirement strategies, guaranteeing that clients' financial goals are met with the highest ethical standards.
  • Financial Coaches: Focus on boosting clients' financial literacy, guiding with basics such as saving money and budgeting. They are perfect for clients who might not have the financial resources to hire a financial advisor just yet. Their services delivers a good starting point for handling personal finances efficiently, particularly for those just starting out.
  • Wealth Managers: Cater to high-net-worth individuals, offering a broad array of services that encompass estate planning, tax assistance, and investment management. They collaborate intimately with their clients to handle complex financial situations and formulate wealth preservation strategies. This expertise is tailored for maximizing the financial health and future of those with substantial assets, ensuring 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 group of advisors boasts CFPs and other qualified professionals who uphold the highest standards of fiduciary responsibility and personalized service, guaranteeing that we act solely in the best interest of our clients across all our engagements.

What Does a Financial Advisor Do?

A financial advisor will asses your current financial situation, identify ways to enhance it, and help you reach your future financial goals. A lot of Peoria, AZ residents often immediately think of investing when they hear wealth management services and financial advisors. While that is a principal component of any financial plan, a certified financial advisor will be able to offer you all-encompassing financial advice that considers the whole of your finances. Below are some of the services your Correct Capital financial advisor in Peoria, AZ will implement in order to help you achieve 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 home, picking insurance policies, and putting food on the table each night. The best financial advisors in Peoria, AZ offer holistic services and personalized 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 7 out of 10 of Americans overpay in taxes every year. The United States tax code is incredibly complicated, yet it allows for perfectly legal ways to lower your taxes. A skilled and ethical Peoria, AZ financial advisor will assist you in navigating your tax implications to ensure 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 equities, bonds, mutual funds, exchange-traded funds (ETFs), cash equivalents, or alternative assets such as art. A financial advisor in Peoria, AZ will assist in allocating and diversify your assets in order to mitigate risk and best 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 hang up your cape, your Peoria, AZ financial advisor will help with tax implications, considering 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 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 Peoria, AZ businesses and business owners. Introducing a 401(k) plan is a superb way to keep your best employees and keep them productive and happy. Our retirement consultants manage over $218 million in plan assets and hundreds of plan participants nationwide. Our Peoria, AZ financial advisor team offers extensive 401(k) planning for companies as well as customized benefits for their employees.

  • 401(k) Rollover

    When moving to a new job, it can be tough to know the best way to deal with the money you've already saved in a previous Peoria, AZ employer's 401(k) plan. You have several options, such as keeping the money in the account it is in now, moving it to a new 401(k), or investing 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 desire to leave a legacy and leave some wealth behind the people you care about the most. Wealth transfers are distinct from just leaving gifts behind in estate planning. A financial advisor in Peoria, AZ 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 give themselves the title of "financial advisor," so it's important to pick 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 Peoria, AZ 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 managing debt, securing lower interest rates where possible, and structuring repayments. The goal is to create a manageable path forward that matches your financial capabilities 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 Peoria, AZ can assist clients comprehend your income level, identify areas for savings, and set realistic spending limits that promote wealth accumulation. By providing tools and strategies for successful budgeting, advisors ensure that clients can fulfill their current financial obligations while also saving for future goals.

When you hire a Peoria, AZ financial advisor at Correct Capital, we begin by getting to know you personally and your goals. We will assess your current income, assets, investments, debts, and expenses. After we've completed that, we'll work with you to ascertain your preferred risk tolerance and how we can best help you grow your money. As an independent advisory firm, our only priority is to act in your best interest. There is no limit to the services, products, and investment opportunities our financial advisor team can put forward, 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 Peoria, AZ?

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

  • Major Life 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 significantly affect how your money should be used and invested. 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 By Yourself: Managing personal finances can be complex, demanding, and, frankly, overwhelming for many. If you don't have the knowledge to successfully manage your investments, or simply prefer to focus your time elsewhere, a financial advisor can be invaluable. They bring insight and wisdom to your financial decisions, helping to optimize your portfolio, prevent costly mistakes, and set up your investments for sustainable growth.
  • Getting Close to Retirement: Retirement planning is one of the primary reasons individuals seek out financial advice. An advisor can assist you evaluate your current financial situation, calculate your retirement needs, and formulate a plan to ensure you can enjoy your retirement years comfortably. This includes strategies for Social Security benefits, pension management, and withdrawal plans 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 guide you understand the risks and benefits, ensuring that any investment aligns with your overall financial strategy and goals.

Questions to Ask a Financial Advisor Before Hiring Them

Trust is paramount whenever you hire someone to do something, but particularly so when it comes to your hard-earned money. In addition to finding a reliable advisor, you need one who perfectly matches 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 track record, including their years in the industry, the varieties of clients they've worked with, and their specializations, can provide you a sense of their proficiency and whether they're well-suited to handle your financial needs.

  • What are your qualifications and certifications?

    Inquire about any qualifications (e.g., CFP®, CFA, ChFC) the advisor holds. These accreditations often require adhering to demanding education, experience, and ethical standards, demonstrating a high level of expertise and expertise.

  • What is 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 prefer to communicate with clients?

    Communication method and regularity are essential to a successful 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 how your investments are going and if you need any updates to your plan.

  • How are you compensated for your services?

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

  • Do you have a fiduciary duty to your clients?

    Confirming that an advisor acts as 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. Grasping 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 openly discuss potential conflicts of interest and how they manage them to ensure they don't adversely affect 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 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 Peoria, AZ?

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

  1. Commission-Based: Commission-based advisors make their earnings through commissions on the financial products they offer, such as other financial products. This fee structure can lead to a possible conflict, 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 recommend products that can aid in achieving your goals, but not necessarily the ones most appropriate 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 transparent and in line with the client's best interests, as it minimizes 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 blend of the fee-only and commission-based structures, such 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 Peoria, AZ

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


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 are largely confident in managing their finances but seek professional validation 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 growth opportunities.


Subscription (best for collaborators)

Our subscription service is designed for individuals who value ongoing guidance and advice as their financial situation evolves, or when they have specific questions about something related to their finances. This model offers monthly insights from our financial advisors, quarterly meetings, and open availability if the need ever arises. While we won't manage your investments for you, we'll work 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 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 strategies and preparing for retirement to estate planning and beyond. Our wealth management clients enjoy a sense of security, knowing that every aspect of their financial well-being is being carefully managed by a dedicated team of professionals dedicated to maximizing their wealth and achieving their financial goals.


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

Correct Capital is a premier choice for individuals and families in Peoria, AZ seeking trusted, professional financial guidance. Here's why choosing Correct Capital can make a significant 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 each piece of advice, each investment recommendation, and each strategic move 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. Being independent means we aren't tied to any 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 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.
  • Proactivity is Our Approach: Our advisors believe that the most valuable way to create long-term financial security is to stay ahead of trends and lead, rather than follow. Utilizing in-depth research and analytics, our aim is to craft the most appropriate strategy for your needs.
  • 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 guarantees that you are fully prepared to make informed decisions together with your advisor.

Choosing Correct Capital as your financial advisor in Peoria, AZ means joining forces with a team committed 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 Peoria, AZ include:

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

Your money and the decisions you make with it are inherently personal. At Correct Capital, we firmly believe in the relationship between an individual, household, or business owner in Peoria, AZ and their financial advisor is founded on mutual trust. Dedicating our lives to guiding our clients achieve their financial and personal goals, whether it's sending your children to college or making the dream purchase of that dream car in retirement. Contact our Peoria, AZ 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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