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.
Understanding Exchange Traded Funds – ETFs
What Are ETFs? ETFs are professionally managed, diversified portfolios of stocks, bonds, or other assets that are traded on an exchange. How Common Are ETFs? The first ETF debuted in 1993. Today there are over 2,000 ETFs available in the US. At the end of 2019, there was over $4.4 trillion invested in ETFs. Use … Read More
Investment Management, Scott's Column
TAMPs For Dummies
Big. Some firms say you should work with them because they are very, very big. But who wants to be just another number? Ever try to resolve a problem with your cable company or your health insurance provider? That’s what big looks like. Old. Some firms say you should work with them because they’ve been … Read More
Gaining an Edge – Understanding Factors
What Are Factors? Factors are characteristics common to a group of securities that help explain their returns. These characteristics are distinct and quantifiable and give rise to similar patterns of performance among the securities within the group that distinguish them from other securities over time. Decades of academic research has identified hundreds of factors. There … Read More
Marketing Timing May be Hazardous to Your Portfolio’s Health
An Elusive Dream The stock market goes up and the stock market goes down, as you can see below. Over time the trend is strongly upward, but there have been significant market declines along the way. Growth of the U.S. Stock Market 1926-2019 US Stock Market as represented by the Ibbotson SBBI US Large … Read More
We Are Here to Help
There’s a growing gap between what we know and what we feel. We know that avoiding panic and staying in place is the best strategy during turbulent markets. History shows that patient investors are always rewarded, and market timing is a futile exercise. Yet our emotions tell us it’s time to do something. This excellent … Read More
Should You Be Worried About the Stock Market’s Fringe Players?
We recently ran across an article about a little corner of the Internet known as “r/WSB.” It’s where a modern-day version of day-traders hang out to share ideas, brag about their conquests, and sometimes try to move the market to their advantage. Here’s a link to the article: The article shows that the more things … Read More
You Can Act Like a Fiduciary Regardless of What the Law Says
Reg BI has now been birthed and with it a maelstrom of emotion and controversy. Fiduciary advocates are wearing black and flying their flags at half-mast. They see Reg BI as a sell-out of the individual investors the SEC was created to protect and a knife in the back of the fiduciary RIA community. There … Read More
The Challenge of Being Independent – And What to Do About It
I get to sit in one of the best seats in our profession. My job is to support the financial advisors who decide to work with First Ascent. What that “support” looks like varies widely, from coaching on how to explain our portfolios to clients, to answering nitty gritty questions, to acting as a sounding … Read More