“No man is so brave that he is not disturbed by something unexpected.” – Julius Caesar The idea of investing for the long-term sounds easy in theory. However, it can be a difficult concept for clients to internalize when they are in the heart of a volatile market. “This too shall pass” may
Author Archives: Mac MacKillop
Posts by Mac MacKillop:
The Importance of Sticking It Out
What a month! As the markets racked up the first full year in history with 12 months of positive stock market returns, the tension that’s been building for many investors throughout 2017 finally broke. To buck the trend, February of 2018 brought us the two largest single day point drops in the his
Framing Your Value – Working with Outsourced Money Managers
At First Ascent, we partner with independent financial advisors to manage investment portfolios for their clients. Increasingly, (and partially due to the attraction of our low, flat-fee structure), we are working with more advisors who have historically managed assets themselves or who are breaking
Tuning Out the Noise in Investing
I was reading a post in the Fat Pitch blog this morning by Urban Carmel and he found a fantastic chart on the perpetual doom and gloom prognostications of market commentators. Source: Fat Pitch These quotes come from commentary and outlook written by experienced money managers, all indicating that t
Explaining Third-Party Asset Managers to Clients
Maybe you’re thinking about outsourcing to a third-party portfolio manager, but you’re not sure how to explain it to your clients. Actually, we get that a lot here at First Ascent. So, I surveyed a group of advisors who work with First Ascent to get their feedback. The consensus was that advisor
Two Practical Ways to Integrate Behavioral Finance in Your Practice
Every advisor would like to snap their fingers and have their clients behave like more rational, patient investors. While the idea that clients are prone to bad investing behavior is not new, one of the primary challenges for financial advisors – and one of the greatest values they provide – is