High-Net-Worth Wealth Management in Kansas City, KS

Complimentary Planning By Elements

High-net-worth wealth management in Kansas City, KS. Be it winter vacations on a yacht, jetting off to Aspen, or aiming to guarantee your heirs and favored charities are set up after you pass, handling substantial wealth presents distinct challenges that demand specialized strategies and expertise. While the benefits of high wealth are great (there's a reason you worked so hard to get it), the extra wealth introduces its own set of risks and potential pitfalls. As wealth increases, so does the importance of managing it effectively. High-net-worth wealth management focuses on not only growing and preserving wealth but also aligning financial decisions with personal beliefs and objectives. Effective high-net-worth wealth management ensures long-term financial security and legacy building.

At Correct Capital Wealth Management, we collaborate with high- and ultra-high-net-worth individuals, families, and business owners in Kansas City, [state to help them meet their long-term financial goals with holistic financial planning services. If you're interested in speaking with one of our Kansas City, KS financial advisors, you can schedule a meeting with a member of our advisor team, contact us online, or give us a call at 877-930-401(k) to get started.

Not sure you're ready to work with a financial advisor? Check out our process to see how simple it is to get started, or read our FAQs about our services.


Schedule a Meeting With an Advisor Today

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.

Schedule a 15-Minute Introductory Call


More From Correct Capital Wealth Management

Explore how Correct Capital Wealth Management can help guide you toward smarter decisions, clearer goals, and lasting financial success.

Subscribe To Our Newsletter Listen To Our Podcast Watch Our YouTube Channel


What Is a (Ultra) High Net Work Individual?

A High-Net-Worth Individual (HNWI) is a person who possesses a significant level of investable wealth, commonly having at least $1 million in investable assets, excluding their primary residence. Due to the complexity and volume of their wealth, Kansas City, KS financial services firms often use this category to identify clients needing specialized financial management, investment strategies, and estate planning.

There are also Ultra High-Net-Worth Individuals (UHNWIs), who typically have at least $30 million in investable assets. The classification can vary slightly depending on the institution, but UHNWIs are commonly identified as individuals with significant financial resources that require even more sophisticated management strategies.

Typically, UHNWIs need customized financial advice from Kansas City, KS fiduciary advisors, such as Correct Capital, to maximize their wealth and its potential benefits for them and their families.

Key Components of High-Net-Worth Wealth Management in Kansas City, KS

Effectively managing substantial wealth means navigating a complicated landscape that requires a well-rounded and strategic approach. High-net-worth individuals in Kansas City, KS have distinct financial needs that surpass basic investment management, not only in protecting your assets but ensuring your financial strategy remains aligned with your personal goals.

Here are important components of high-net-worth wealth management in Kansas City, KS and why they are crucial to maintaining and enhancing your wealth:

  • Investment Strategies: Diversification across traditional assets like stocks and bonds, and alternative investments including private equity, private credit, and real estate. Traditional assets offer security, growth over time, and liquidity, while alternative investments present opportunities for higher returns and demand strategic oversight to mitigate risks.
  • Retirement Planning: Creating a well-structured retirement plan is essential for sustaining or enhancing one's lifestyle in retirement years. High-net-worth individuals need to explore tax-efficient strategies, like Roth conversions and municipal bonds, and consider their specific financial needs to ensure a secure and pleasant retirement.
  • Tax Planning: Developing strategies to reduce tax liabilities is critical. This can include tax-loss harvesting, increasing deductions, and making use of charitable trusts. Effective tax planning helps high-net-worth individuals to lower their overall tax burden while complying with complex tax regulations.
  • Estate Planning: Estate planning empowers individuals to guarantee their wealth is distributed in line with their intentions while lowering the tax burden on their heirs. Trusts, wills, and charitable giving are key tools for overseeing the distribution of assets, supporting philanthropic goals, preserving family harmony, and creating a lasting legacy.
  • Philanthropy: High-net-worth individuals frequently engage in substantial charitable activities. Through donor-advised funds, private foundations, or charitable trusts, structured giving allows for meaningful impact while providing tax benefits. These vehicles help align philanthropic goals with broader wealth management strategies, guaranteeing that charitable giving is deliberate and effective.
  • Succession Planning: For high-net-worth business owners, guaranteeing the smooth transition of leadership prepares the next generation to take over the business, protecting the legacy and guaranteeing continued success.
  • Holistic Wealth Management: A broad approach to wealth management that aligns financial decisions with personal values, legacy goals, and overall wealth objectives. This secures that every aspect of wealth is managed in a way that upholds long-term financial health and personal fulfillment.
  • Family Governance and Education: Educating family members on financial management is crucial to preserving wealth over generations. Equipping heirs with the knowledge and tools they need to oversee and expand their wealth guarantees that the family’s financial legacy is protected.

Why Kansas City, KS High-Net-Worth Individuals Need Specialized Advice

High-net-worth individuals deal with complex financial landscapes that require specialized expertise. Their wealth often spans multiple asset classes, including traditional and alternative investments, which require careful management to enhance returns and minimize risks. Moreover, with intricate income streams and significant philanthropic goals, these individuals must navigate a web of tax implications and estate planning considerations.

Specialized high-net-worth financial advisors in Kansas City, KS craft tailored strategies that manage these challenges. Our Kansas City, KS financial advisors help high-net-worth individuals in wealth growth and alignment with long-term goals and personal values. The risks associated with substantial wealth, such as market volatility and legal challenges, further underscore the need for expert guidance. With the right expertise, a specialized advisor can successfully manage these risks and safeguard your financial future.

Correct Capital's Approach to High-Net-Worth Wealth Management in Kansas City, KS

At Correct Capital, we prioritize a personalized, client-first approach to managing the wealth of high-net-worth individuals. We function with a fiduciary duty, meaning every recommendation and decision is made with your best interests in mind. As a Registered Investment Advisor (RIA), we utilize cutting-edge tools and deliver customized financial plans designed for the unique needs of Kansas City, KS high-net-worth individuals. These plans address everything from investment strategies and tax planning to estate management and philanthropic endeavors.

At Correct Capital, we offer a tailored wealth management experience that blends financial planning with the distinctive lifestyle needs of high-net-worth families. We excel in ensuring that your wealth strategy aligns with your lifestyle and long-term goals, providing expert guidance on managing risks, family governance, and harmonizing your financial resources with your aspirations.

Here's how we approach high-net-worth wealth management in Kansas City, KS:

  • Fiduciary Duty and Client-First Approach: Correct Capital guarantees that every recommendation and decision is made with your and only your interests at heart, focusing on transparency and trust in all financial strategies.
  • Customized Financial Plans: We utilize cutting-edge technology to develop personalized financial plans that include investment strategies, tax planning, estate management, and philanthropic goals. These plans are designed to meet each client's unique needs, guaranteeing their financial future is secure.
  • Boutique Experience: Correct Capital delivers a comprehensive boutique experience that helps you manage your financial aspects through an individualized service model. This centralized approach streamlines the complexities of wealth management, guaranteeing that all aspects of a client’s wealth are integrated and managed together.
  • Collaborative Wealth Management: Correct Capital understands that effective wealth management is a team effort. We partner with your network of professionals, including attorneys, accountants, and estate planners. As the "quarterback" of the financial team, we make sure that all aspects of the client's wealth are aligned and managed cohesively, in alignment with their overarching financial goals.

This approach not only helps Kansas City, KS high-net-worth clients grow and preserve their wealth, but also ensures that their financial strategies align with their personal values and long-term vision.

High Net Worth Wealth Management | Financial Advisors

Call Correct Capital for High-Net-Worth Wealth Management in Kansas City, KS Today

Managing significant wealth is a complex and multifaceted process, requiring expert guidance and a personalized approach. High-net-worth individuals in Kansas City, KS deal with unique challenges that require a wealth management firm with expertise, comprehensive services, and a dedication to acting in their best interests. Correct Capital delivers tailored strategies, a collaborative approach, and a fiduciary commitment to our clients. When you choose wealth management partner, you can make sure that your financial goals are met and aligned with your values and vision for the future.

If you're looking for high-net-worth wealth management in Kansas City, KS, schedule a meeting with a member of our advisor team, contact us online, or give us a call at 877-930-401(k) today.


Are you ready to experience the Correct Capital difference?

GET STARTED

Meet our team of financial advisors.

Our Team

Services We Offer