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
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.
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
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
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
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
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
On April 1st (no fooling) we launched a new series of portfolios—the Factor Select portfolios. We created them in response to advisors who wanted our best ideas about how to build low cost, factor-based portfolios. A lot of work and research went into their design and we proudly offer them to give you more options … Read More
TAMP users beware! There is a disturbing trend in our industry that may get you in trouble with the regulators if you’re not careful. Everything Was Fine Until… It all started innocently enough. In the “early days” (early 1990s) there weren’t many TAMPs, and their investment offerings were quite different. Advisors chose which TAMP they … Read More