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.
This is the time of year when the gurus share their predictions and prognostications for the coming year. It is also the time of year when the media reports on how poorly the gurus fared in predicting and prognosticating about the events of the past year. The story is the same every year. As a … Read More
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 away to form their own RIAs. They see the benefits to … Read More
It’s all over the headlines. The value is going crazy and everyone is wondering about it. Bitcoin alone has gone from roughly $1,000 at the beginning of the year to $19,000. A meteoric rise. Bitcoin’s success has spawned other “cryptoassets.” You can now buy Ethereum, Litecoin, or any of 1,000 other cryptocoins. Together they have … Read More
What Your Clients Want to Know
We recently came across a blog post that Jason Zweig of the Wall Street Journal wrote about 19 questions clients should ask their advisor. As I read through the article, it seems to me that the one concern driving many of the questions is: How do I know I can place my trust in you? … Read More
I Can Make My Video Myself, Right?
The first reason why going it alone is a bad idea. As your script gets closer to being complete, you should start thinking about production, which is a big word that refers to all that goes into shooting your video. At this point, you might be tempted to go it alone. Maybe you have some … Read More
Reaching Your Destination Requires Planning for the Journey
About a year ago, I came across an illustration from JPMorgan’s Guide to the Markets that I found to be a very interesting way to look at the path traveled by investors. Often, clients will look at the history of an investment and only see the final results, while overlooking the “roller coaster” ride they … Read More
A Surefire Way to Better Serve Your Clients and Build a Stronger Practice
Do you want to differentiate your firm from the competition, while adding value to your client relationships? Focus attention on an area that is ignored by most advisors: client profiling. Because few advisors even think of this as an area where they might add value, it presents you with a great opportunity to stand out … Read More
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 the market is moments away from … Read More
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