Financial Portfolio Management Columbia, IL. It can be complicated and draining to oversee a wide variety of investments while staying on top of market fluctuations. Your experienced Columbia, IL financial consultants at Correct Capital know how to manage all of your investments. As a Registered Investment Advisor (RIA), we have access to an abundance of research and investment solutions to make sure your wealth is growing as you need it to. Call us today at 877-930-4015 or contact us online to create your ideal portfolio and protect you and your family’s future.
As the ultimate goal of financial portfolio management is to grow your wealth, you need fiduciary mindset Columbia, IL financial portfolio management advisors you can trust. As we are unbiased and privately owned, we avoid conflicts of interest and are legally required to offer you advice and manage your portfolio in a manner that’s best for you and only you. We have worked in concert with hundreds of Columbia, IL area residents and families to construct bespoke financial solutions and help grow their wealth, regardless of what their needs or goals may be.
What is Financial Portfolio Management?
A financial portfolio is the collection of your financial assets. A skilled Columbia, IL financial professional can provide portfolio management to better meet your goals. There are many investment opportunities to consider:
- Stocks, or equities, are the shares you own of publicly traded companies. Some stocks will rise in value over time in hopes you can sell them for more than you bought them for. Some corporations also pay out a cut of their profits to their investors as dividends.
- Bonds could be either corporate or governmental, and are basically a loan made from a borrower to an investor. They are usually given as a way for the borrower to finance projects or operations. As the investor, you make a profit when the interest on the loan is paid back to you.
- Cash and cash equivalents are either the funds you already have in your account, or any asset that is easily converted into cash such as treasury bills, short-term government bonds, marketable securities, or similar readily-convertible assets.
- Mutual Funds are an investment program that pools money from many investors and invests it in assorted securities, such as stocks, bonds, or other assets. They allow individual investors to diversify their assets, usually have relatively low initial investment requirements, and can be purchased in partial shares or fixed dollar amounts. Mutual funds are managed by a fund manager, and shares are bought and sold at their closing price at the end of the day.
- Exchange Traded Funds (ETFs) are similar to mutual funds in that investors pool their funds and they allow for a diversified portfolio. ETFs can hold traditional assets such as stocks and bonds, or alternative assets like commodities. They give investors access to a particular part of the market while providing diversification across the sector. ETFs are bought and sold throughout the day as their prices fluctuate.
- Alternative assets are any assets not listed above. Stocks, bonds, and cash are usually considered the core assets of a financial portfolio, but a portfolio can also include real estate or cryptocurrencies.
Financial portfolio management is the task of overseeing a client’s finances in a way that meets their long-term goals and adheres to their risk tolerance. The dependable Columbia, IL financial portfolio advisors at Correct Capital will help you understand how to position each type of asset to meet your individual needs. As our Columbia, IL clients entrust us with their future, we endeavor to build personal relationships with them and understand your financial portfolio management needs to optimize your assets.
Correct Capital’s Portfolio Management Strategy
Depending on your specific needs, our Correct Capital Columbia, IL financial advisors will help you understand what investment strategies are best for you. We actively manage your investments to ensure your portfolio and you financial goals stay synched.
Active Financial Portfolio Management
This investment strategy usually necessitates daily decisions and transactions. While it is occassionally referred to as high-risk, our Columbia, IL financial consultants have the knowledge to actively manage your account without jeopardizing your preferred level of risk. The goal here is to outperform the market and to get you the highest possible return on your investments. You need savvy financial professionals with up-to-date, in-depth research and analysis in order for this strategy to be successful. As an RIA, Correct Capital has the tools and resources you need to optimize your portfolio. We follow market trends, shifts in the economy and more in order to precisely time the sale and purchase of assets to maximize your returns.
With our experience and personalized guidance, our team of financial professionals will adapt as the market fluctuates to build a financial portfolio management plan customized specifically for you and your Columbia, IL family.
Passive Financial Portfolio Management
This is often referred to as a ”set-at-and-forget-it” strategy, and it tries to match the performance of a particular market index with the idea being that your money grows slowly over time, prioritizing certainty over a potentially higher return.
While some Columbia, IL investors favor a passive investment strategy, we think of ourselves as active portfolio managers. The Columbia, IL investment consultants at Correct Capital have the experience and knowledge to actively manage your money in order to optimize your assets with the idea of keeping your wealth growing always at the forefront of our minds.
Key Concepts in Financial Portfolio Management
Risk Tolerance
The Columbia, IL financial consultants at Correct Capital know that every Columbia, IL client has their own life circumstances, and therefore their tolerance for or aversion to risk will be different. All investments carry some level of risk, but depending on your risk tolerance you may necessitate a more active or a more passive financial portfolio management approach. Columbia, IL residents with a higher risk tolerance will be more willing to see fluctuations in their portfolio in the market, while clients with a higher risk aversion will want to see gains that may be lower, but will be steadier and more consistent. Our Columbia, IL team of financial advisors will give you independent, objective, and unbiased direction to help you find the best risk tolerance for your portfolio.
Asset Allocation
Asset allocation is the determination of how to position your wealth for long-term growth. A healthy amalgam of asset allocation will help your portfolio match your risk tolerance, safeguard against loss, and give you the best tax benefits. Optimal asset allocation can be complicated and confusing, even for knowledgeable Columbia, IL investors. Correct Capital’s team of Columbia, IL financial advisors has the data, research capabilities, and experience to allocate your funds in a way that stimulates growth and mitigates risk.
Diversification
The only constant in the investment world is that there is no 100% accurate, guaranteed way to predict winning and losing stocks. Your Columbia, IL financial portfolio management team at Correct Capital will help formulate a plan for how to meet your goals with the understanding that diversification is a key part of financial portfolio management. Having more types of assets and distributing your assets to various investments can help mitigate your exposure to risk.
Rebalancing
Sometimes fluctuations in the market lead a client’s preferred target allocation to stray off course. You may have started with a 70/30 high-risk to low-risk ratio, however changes in the market moved it to an 80/20 ratio. Our Columbia, IL financial portfolio management professionals will rebalance your portfolio to keep it aligned with your risk tolerance and encourage strong long-term results.
Take a look at the links below to see what other financial services we offer:
- Succession Planning
- Fiduciary Financial Advisor
- Company 401(k) Plans
- ESOP Advisor
- Self-Employed Retirement Plans
Why You Should Hire Correct Capital as Your Columbia, IL Financial Portfolio Management Advisors
At Correct Capital, we strive to create a financial portfolio management strategy for each Columbia, IL client that is as unique as their individual financial goals. We build a personal relationship with you to enhance our understanding of how we can help you. We’ll analyze your income and spending to create a personalized budget and create optimal asset allocation. With our secure and simple online portal, you’ll be able to follow your wealth growth every day. Whether you’re trying to grow your children’s college fund, planning your retirement, making business transactions, or trying to leave as much behind for future generations as you can, our Correct Capital Columbia, IL financial advisors will help you meet your financial goals. As a fiduciary advisory firm, we are legally required to do what’s in your best interest. Call us today at 877-930-4015 or contact us online.
