Wealth Management in St. Louis, MO
Wealth Management in St. Louis, MO. Our financial health is about more than just being able to eat at our favorite restaurants; it has an effect on our mental well-being, the the life our families will live and the legacy we'll leave, and whether or not we achieve our what we want the most in life. Correct Capital offers comprehensive wealth management services to St. Louis, MO residents so they can be confident that their finances and future are not only safe but set up for sustained growth. Turn your goals into reality with Correct Capital's St. Louis, MO wealth management services today by calling 877-930-4015 or by contacting us online.
There are many motivations people have for looking for wealth management services, the most common being protecting wealth and ensuring ample income and financial security. Our St. Louis, MO wealth management team at Correct Capital do more than just manage your investments; we strive to be caretakers of your wealth and financial life mentors. Many Americans don't often think about some essential details of financial health; for example, only a third of Americans have a plan for what will happen with their wealth once they've moved on. Investors in the U.S. have diversified portfolios that include equities, fixed income, cash, and more depending on how old they are and how much risk they are willing to take on. A diversified portfolio that takes into account everything from tax planning to insurance options is an important aspect to consider when managing your wealth. Correct Capital's wealth management advisors in St. Louis, MO have the understanding, knowledge, commitment, and tools to help grow your wealth and live the life you want.
What is Wealth Management? | St. Louis, MO Wealth Management
Wealth management is a wide-ranging term that generally refers to how a financial advisor manages all aspects of a client's finances in the interest of maintaining the comprehensive care of their wealth. All-inclusive wealth management in St. Louis, MO will provide thorough financial advice, such as:
- Net worth determination to trace your financial stability, see superfluous expenses, and pinpoint more useful and valuable places to put your money.
- Investing, investment advice, and portfolio management that attempt to anticipate market declines, create a balanced and diversified portfolio, and mitigate risk in the interest of growing your wealth.
- Estate planning so you can be sure that your St. Louis, MO family is taken care of once you're gone.
- Retirement planning so you can live the life you want and are financially secure once you've left the workforce.
- Real estate transactions to determine if that new house you've been looking at aligns with your current finances, or if real estate investing is a good fit for your finances and goals.
- Insurance planning to make sure your assets are protected and you're not spending too much.
- 401(k) services if you run a business and want to see your employees set up for retirement.
- 401(k) rollover if you're changing jobs and want to optimize the money you've already saved.
- Tax planning to reduce your liability and ensure you keep as much of your money as possible.
- Philanthropic planning so the results of your hard work can positively influence St. Louis, MO communities as well.
What to Look for in a Wealth Manager | St. Louis, MO Wealth Management
Choosing a trustworthy and capable wealth manager is a serious task; you are in many ways entrusting them with your future. It's vital to make an informed decision and consider the merits of both the financial advisors who will steward your wealth and the skills, wisdom, and experience they use to do so. Here are eight important things to ask yourself when seeking a financial advisor for your wealth management in St. Louis, MO.
- Do they have enough wealth management experience? In any profession, there's no better teacher than experience. The longer a financial advisor has been assisting clients in wealth management, the the better idea they'll have of how to handle market fluctuations, and they'll know the best strategies for intermediate and long-term growth. They'll also have a vast network of relationships and resources that you'll both be able to lean on.
- What designations do they hold? Literally anybody can call themselves a "wealth manager." A trustworthy and veteran St. Louis, MO wealth management firm will hold qualifications that are independently verifiable with independent agencies and regulatory bodies.
- Who is their average client? A wealth manager may meet a wide range of criteria, but they can only help you so much if they are not used to advising people in your situation.
- What services do they offer? The best wealth management firms will be qualified to provide exhaustive services extend far beyond tax planning and retirement planning to take the all aspects of your life and financial assets into account.
- Do they communicate well? Few people need to speak to your wealth manager every day, but you want to know that they're there when you need them, and that they're being straightforward in the event that there is a conflict of interest.
- What resources do they have? In-depth analysis of historical trends and cutting edge technologies and digital platforms are vital to providing clients a wealth management strategy that can endure and capitalize on market fluctuations.
- Who do they work for? Many larger firms are limited to certain brokerages and might not be allowed to give you truly impartial advice or may not be able to offer you a full range of investment options. Independent firms have no such restrictions, and you can be sure that they are recommending options that they truly believe in.
- Will they manage your wealth, or just your investments? While optimizing asset allocation and maximizing returns are key facets of any long-term growth strategy, true wealth management in St. Louis, MO develops a game plan that also includes your taxes, philanthropic planning, insurance, and a wide array of other parts of your financial health.
Correct Capital's Approach to Wealth Management in St. Louis, MO
At Correct Capital, our wealth management team has over 7 decades of cumulative experience helping St. Louis, MO individuals and families meet their financial goals and achieve their dreams. We are a Registered Investment Advisor whose advisors include an Accredited Investment Fiduciary® and CERTIFIED FINANCIAL PLANNER ™ professionals, whose credentials are accomplished through experience, education, passing demanding exams, and observing high ethical standards. We serve families and individuals in addition to business owners in St. Louis, MO with comprehensive financial planning. As a fiduciary and an independent firm, our only interest is what's best for you.
Your wealth manager is a kind of life coach. When we first meet with you, we'll discuss the ideal vision you have for your life and your time horizon for meeting your goals. Then, we'll look over your income, savings, and how you're currently spending your money to obtain an overall sense of your financial health. We'll develop a financial roadmap for you, and actively manage it.
Other services we offer in St. Louis, MO include:
- Financial Planning
- Retirement Plan Consultants
- Succession Planning
- Fiduciary Financial Advisor
- Company 401(k) Plans
- ESOP Advisor
- Self-Employed Retirement Plans
- 401(k) For Small Business
- Small Business Retirement Plans
- Tax Planning
Wealth Management St. Louis, MO | Correct Capital
We succeed when you succeed. Trust is key when it comes to your finances, so we look forward to building a long-term relationship together. We do what we do to help St. Louis, MO residents reach their goals and reinforce their family's future. For devoted and accomplished wealth management in St. Louis, MO with experts you can trust, call Correct Capital today at 877-930-4015 or contact us online.
