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Posts for Category: Scott’s Column

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Ouzel Lake in the Wild Basin area of Rocky Mountain National Park is a peaceful place. Especially on an early Fall morning after the first snowfall. My wife and I reached it on an icy trail surrounded by waterfalls and beautiful views of the rugged mountains that define the edges of the Wild Basin.

Scott's Column

Pundits keep predicting that big will “dominate” small in the financial advice space. I ain’t buyin’ it. The big wirehouses have been around forever and they have been losing ground not gaining it. Mark Hurley predicted decades ago that the independent advisory business would consolidate int

Scott's Column

Featured

I returned to the scene of the crime last weekend–the Manitou Incline. The Manitou Incline is a beast. It’s a stairway that rises over 2,000 vertical feet straight up the side of a mountain in less than a mile. (It’s 1,454 feet to the top of the Empire State Building.) In September, I cl

Scott's Column

Direct indexing portfolios are broadly diversified portfolios of individual stocks that are personalized to meet the needs, values, and preferences of an investor. An Index Oriented Approach As its name suggests, direct indexing takes an index-oriented approach to investing. The investor, in consult

Scott's Column

Selecting a turnkey asset management provider (TAMP) to manage your clients’ assets is an investment decision.  Thus, it triggers your fiduciary responsibilities to your clients. The SEC made this clear in a Risk Alert issued July 21, 2021.  The Commission also provided a roadmap for advisors to

Scott's Column

The financial markets have been volatile since the beginning of the year.  After three great years, the stock market has been down significantly in 2022.  Interest rates have risen causing bond prices to fall too.  That’s a double whammy we haven’t seen too often recently. In the face of this

Scott's Column

You have to feel sorry for active managers.   According to the year-end 2021 SPIVA Scorecard research from S&P Dow Jones, here is the percentage of actively managed US equity funds that underperformed the S&P 1500 Index over various time periods ending December 31, 2021. It paints a gri

Scott's Column

You think you know what clients want, but do you really? We all shake our heads vigorously in agreement when someone says that to have a more successful business, you need to design an excellent “client experience.” We might not know exactly what that means, but with a little digging we learn th

Scott's Column

Later this quarter (Q1 2022), First Ascent will be introducing a direct indexing offering to the advisors we work with. We call our new offering Customized Index Portfolios. Customized Index Portfolios hold individual stocks and can be designed to reflect the investment goals, values, and preference

Scott's Column

What is Inflation? Inflation is a measure of how much prices for goods and services are rising in an economy. Inflation can be caused by a number of factors. Demand-pull inflation occurs when there is more demand for goods or services than the current supply can meet. This allows companies to raise

Scott's Column

Fees Eat Up Return Fees and expenses are two of the most important factors to consider when investing. You can’t control the direction of the financial markets, but you can control what you pay to invest. Every mutual fund or exchange traded fund (ETF) in your portfolio has what’s called an “i

Scott's Column