Financial Advisor in Phoenix, AZ

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Financial Advisor in Phoenix, AZ. Your hard-earned money deserves attention, and you need to feel assured about how it's growing and how it's being used. Many Phoenix residents lack the financial literacy to feel like they can handle their investments and finances by themselves, while others are too busy or interest to stay informed on financial markets along with new laws, rules, and global events. That's when you should consider hiring a reliable, seasoned, and knowledgeable financial advisor. A Correct Capital financial advisor in Phoenix, AZ 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 Phoenix, AZ and beyond. Speak to a team member today at 877-930-4015 or contact us online to see if Correct Capital is a good fit for you.

Not sure if you're ready to work with a financial advisor in Phoenix, AZ? Take a look at our process page to see how straightforward we make it to ascertain 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 anxiety is commonly simply not being sure they're putting their money in the right places. After our Phoenix, AZ financial advisor team gets to know you, your finances and your financial aims, we'll create a road map to help you realize them. As a fiduciary and an independent firm, your Correct Capital financial advisor is obligated to act in your best interest and we are not limited in the plans we can put forward. Our financial advisors in Phoenix, AZ have certifications that can only be acquired 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, save, and prepare for their financial future. This broad definition encompasses a wide range of services, from portfolio management and retirement planning to tax planning and generational wealth transfers. 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, 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 Phoenix, 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 advisors provide advice on securities and oversee investment portfolios. They're often associated with RIAs and are required to serve as fiduciaries, putting their clients' interests above their own. Investment advisors are certified with either the Securities and Exchange Commission (SEC) or state regulators, depending on the assets under management.
  • Broker-Dealers and Brokers: Broker-dealers trade securities like stocks, bonds, and mutual funds for 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 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 certification have undergone extensive education and adhere to high ethical standards, particularly a fiduciary duty to their customers. CFPs provide a vast spectrum of financial planning services, such as debt management to planning for retirement, and tax optimization strategies. Their approach is holistic, designed to address every facet of a client's financial life.
  • Financial Consultants: This term can be widely applied, but chartered financial consultants (ChFCs) have undergone education comparable with CFPs and are also required to hold their clients' interests above their own. They specialize in providing comprehensive financial advice, covering everything from investment management to retirement strategies, guaranteeing that customers' financial goals are achieved through the highest ethical standards.
  • Financial Coaches: Are dedicated to improving clients' financial literacy, helping with fundamentals such as saving money and creating budgets. They are ideal for clients who are not yet wealthy enough to work with most financial advisors. This type of guidance provides a strong basis for managing personal finances efficiently, especially for those just starting out.
  • Wealth Managers: Specialize in serving 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 navigate complex financial situations and formulate wealth preservation strategies. This expertise is tailored for optimizing the financial health and legacy of those with substantial assets, guaranteeing that all investments and planning strategies meet customized advice and approaches.

Each type of financial advisor brings 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, 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 evaluate your extant finances, ascertain methods to improve it, and help you reach your future financial goals. Many Phoenix, AZ residents typically immediately think of investing when they think of wealth management services and financial advisors. While that is a core component of any financial plan, a qualified financial advisor will be able to provide you with overarching financial advice that takes into account the whole of your finances. Below are some of the services your Correct Capital financial advisor in Phoenix, AZ will utilize in order to help you meet your goals.

  • Financial Planning

    Our finances are involved in almost anything we do, from making sure we're prepared for retirement, to education, buying and/or selling a house, picking insurance policies, and making sure we have enough to eat every night. The best financial advisors in Phoenix, AZ offer holistic services and bespoke advice by taking into account your entire financial situation.

  • Tax Planning

    Taxes are involved in nearly every financial transaction and transfer. According to the IRS's own data, over 7 out of 10 of Americans overpay in taxes each year. The United States tax code is incredibly complicated, yet it provides perfectly legal means to minimize taxes owed. A professional and trustworthy Phoenix, AZ financial advisor will help you navigate your tax implications in the interest of keeping more money in your own account.

  • Portfolio Management and Asset Management

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

  • Retirement Planning

    Depending on where you currently are in life and your aspired lifestyle when you hang up your cape, your Phoenix, AZ financial advisor will help with tax implications, considering the optimal time to retire, when to make withdrawals and how much to withdraw. A financial advisor will assist in formulating 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 Phoenix, AZ businesses and business owners. Introducing a 401(k) plan is a superb way to maintain your best employees and keep them productive and happy. Our retirement consultants represent over $218 million in plan assets and numerous of plan participants nationwide. Our Phoenix, AZ financial advisor team offers thorough 401(k) planning for companies as well as personalized benefits for their employees.

  • 401(k) Rollover

    When moving to a new job, it can be tough to know the best way to handle the money you've accumulated in a previous Phoenix, AZ 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 range of IRA accounts. A financial advisor will have the knowledge how to best navigate managing your 401(k) funds.

  • Generational Wealth Transfers

    You earn your money, and it's natural to want to leave a legacy and pass on some wealth behind the people you care about the most. Wealth transfers are distinct from merely leaving gifts behind in estate planning. A financial advisor in Phoenix, AZ can best position your money for both 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 vital to pick 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 Phoenix, AZ financial advisor at Correct Capital must obey 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 consolidating debt, achieving lower interest rates where possible, and prioritizing repayments. The goal is to create a workable path forward that aligns with your financial capabilities and goals, eventually leading to stability.

  • Budgeting

    Creating and staying compliant with a budget is crucial to having the financial health and life you want. Financial advisors in Phoenix, AZ can assist clients grasp how much money's coming in, spot areas for savings, and set realistic spending limits that promote growing your wealth. By providing resources and strategies for effective budgeting, advisors make sure that clients can meet their current financial obligations while also preparing for future goals.

When you hire a Phoenix, AZ financial advisor at Correct Capital, we begin by getting to know you and your goals. We will assess your current income, assets, investments, debts, and expenses. After we've done that, we'll work in tandem with you to establish your preferred risk tolerance and how we can best help you realize your goals. As an independent advisory firm, our only commitment is to act in your best interest. There is no restrictions 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 Phoenix, AZ?

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

  • Major Life Transitions: Life is a long line of transitions, and many of them have significant financial implications. Whether you're starting a family or changing careers, these milestones can profoundly affect your financial landscape. A financial advisor can help you manage these changes, ensuring that your financial plan grows to meet your evolving circumstances and goals.
  • Lack of Experience, Time, Knowledge, or Interest to Manage Your Finances Alone: Managing personal finances can be complicated, time-consuming, and, frankly, overwhelming for many. If you aren't confident to effectively manage your investments, or simply choose to spend your time on other pursuits, a financial advisor can be crucial. They bring expertise and wisdom to your financial decisions, assisting to improve your portfolio, prevent costly mistakes, and set up your investments for long-term growth.
  • Getting Close to Retirement: Retirement planning is one of the primary reasons individuals seek out financial advice. An advisor can aid you assess your current financial situation, determine your retirement needs, and devise 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 plethora of investment options, many of which come with their own challenges. If you're considering investments in complex financial products—such as derivatives, alternative investments, or tax-optimized strategies—an advisor's insight can be crucial. They can guide you grasp the risks and benefits, ensuring that any investment matches 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 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 expert areas, can give you a sense of their skills and whether they're prepared to manage your financial situation.

  • What are your qualifications and certifications?

    Ask about any certifications (e.g., CFP®, CFA, ChFC) the advisor holds. These credentials often require adhering to rigorous education, experience, and ethical standards, signifying a high level of expertise and expertise.

  • Can you describe your investment philosophy?

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

  • How do you prefer to communicate with clients?

    Communication method and frequency are crucial to a productive client-advisor relationship. Ask about how often you'll have meetings, whether they'll be face-to-face or virtual, and how the advisor expects to keep you updated 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 either get money from fees/a percentage of your assets, commission from selling financial products, or a mixture thereof. Knowing how an advisor is compensated will help you identify potential conflicts of interest and guarantee that their advice is offered 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 ahead of their own, giving advice that is in the best interest of your financial goals and needs.

  • What services do you offer beyond investment management?

    Many advisors provide extensive 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 assist you in determining 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 reveal conflicts of interest, and are required to manage them in their client's best interest.

Asking these questions will not only provide you with essential information about the financial advisor's qualifications and approach but also help you gauge 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 Phoenix, AZ?

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

  1. Commission-Based: Advisors who earn through commissions earn their income through commissions on the financial products they offer, such as insurance policies. This fee structure can create a potential conflict of interest, as the advisor might be incentivized 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 most appropriate to your needs.
  2. Fee-Only: Fee-only advisors are compensated straightforwardly by clients for the guidance and assistance they provide and do not receive any commissions from product sales. This compensation can take various shapes, including a percentage of the assets under management (AUM). This model is frequently regarded as more transparent and aligned 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 fees paid by the client and commissions from selling financial products. While this model offers a mix of the fee-only and commission-based structures, such advisors typically also have a fiduciary duty, which means that although they get commission from certain products, they must reveal this 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 Phoenix, AZ

Correct Capital stands out in the Phoenix, AZ financial advisory landscape for its bespoke 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 Phoenix, 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 ongoing management. This service is excellent for individuals who largely feel good about managing their finances but seek professional validation to ensure they're setting their money up for success in the best way. Our team conducts 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 is designed for individuals who value consistent guidance and advice as their financial situation evolves, 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 won't manage your investments for you, we'll strive to look for opportunities to help you flourish financially.


Wealth Management (best for delegators)

Our wealth management service model is for clients who choose to delegate the management of their investments and financial planning to professionals. This includes active portfolio management, comprehensive financial strategizing, and forward-looking guidance on a wide range of financial matters — from tax strategies and retirement planning to estate planning and beyond. Our wealth management clients enjoy a sense of security, knowing that every aspect of their financial well-being is being overseen by a dedicated team of professionals dedicated to maximizing their wealth and achieving their financial goals.


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

Correct Capital is a premier choice for individuals and families in Phoenix, AZ looking for 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, we 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 with your best interests in mind.
  • Our I.O.U. Promise: Every piece of guidance we offer is independent, objective, and unbiased. Our independence signifies we are not tied to any financial institution or product, allowing us the freedom to choose the best investments and strategies for you.
  • Professional Credentials: We are a Registered Investment Advisor (RIA), which gives us the ability access to a wide variety of investment solutions and research. Our advisor team includes 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: We hold the belief that the most valuable way to create long-term financial security is to anticipate trends and lead, rather than follow. Utilizing the latest data and software to analyze trends, our aim is to craft the most appropriate strategy for your needs.
  • Continuous Learning Opportunities: Correct Capital offers quarterly webinars and workshops to keep you informed and engaged with your financial health. Our dedication to client education guarantees that you are fully prepared to make informed decisions alongside your advisor.

Choosing Correct Capital as your financial advisor in Phoenix, AZ 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 ideal partner for individuals and families seeking to achieve their financial goals and secure their future.

Other services we offer in Phoenix, AZ include:

Call Correct Capital's Phoenix, AZ 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, household, or business owner in Phoenix, AZ and their financial advisor is based on trust. Dedicating our lives 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. Reach out to our Phoenix, AZ financial advisor team today at 877-930-4015 or start a conversation with us online to begin building your wealth in the manner you desire.


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