Welcome to “The Summit,” the official First Ascent blog. If you’re looking for ways to build your practice, investment insights, or advice on how to communicate more effectively with clients and potential clients, then you’ve come to the right place. Every week we post something new that we’ve discovered or share an idea that we find interesting. We hope you will, too.

 

Featured

“You better start swimmin’ or you’ll sink like a stone for the times they are a changin’.” –Bob Dylan Last time we talked about how technology is changing the game for advisors. To sum up, in the future, the traditional cornerstones of your value proposition like investment management, portfolio rebalancing, tax loss harvesting, and financial … Read More

Scott's Column | , ,

This article also appears in the Journal of Financial Planning: Practice Management Blog. The emergence of low-cost investment solutions like robo-advisers and model marketplaces has elicited statements by earnest pundits about the “commoditization” of asset management. These well-meaning observers misunderstand the significance of what is happening in our industry and are planting the seed of … Read More

Scott's Column

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 history of the … Read More

Business Builders

The third reason why going it alone is a bad idea. The budget is one of the most common concerns when it comes to a video for your practice. Video done well is expensive. In an attempt to cut costs, it can be tempting to use your webcam to shoot your own video. It’s so … Read More

StoryTellers