Forty-five years ago I had the best meal of my life in a restaurant called Taillevent. I had just graduated from college and was traveling through Europe looking for adventure. I linked up with my father in Paris, and he suggested that we have dinner at Taillevent. I don’t remember what I ate that
Author Archives: Scott MacKillop
Posts by Scott MacKillop:
How We Gain a Performance Advantage No Matter What the Markets Do – Part II
In my last blog post I talked about the importance of controlling fees and expenses in a portfolio. In this post I will tell you how we do it at First Ascent and give you an example of the huge benefits that clients could receive through this process. The Fix is Straightforward Here’s how we
How We Gain a Performance Advantage No Matter What the Markets Do – Part I
Obvious and Boring Everyone wants to gain a performance advantage by placing bets based on smart-factors, data-driven algorithms or macro-calls that purport to predict the future. It’s certainly fun and intellectually stimulating to do this and you feel so smart when your bets pay off. We think
We Are Exuberantly Rational As you know, First Ascent provides portfolio management services to financial advisors for a flat fee of $500 regardless of account size. Recent discussions of different fee structures in the press present the issue as though there is a right and a wrong fee structure.