Investment Management Services
Our Investment Management Services (or Assets Under Management) can help you with the “Execute and Monitor” stage of your financial plan. Once your initial financial plan is created, you are ready for implementation. Of course, you may perform the implementation of your plan as a “do-it-yourselfer.” Or for an additional level of service, you may want to consider our Investment Management Services. These services are particularly helpful if you:
- Are not comfortable with an investment account set-up, selling, buying and rebalancing a portfolio
- Don’t know how to effectively manage a withdraw strategy across a portfolio consisting of taxable, tax-deferred, and tax-free accounts
- Are approaching diminishing capacity, where it just isn’t feasible
- Don’t understand or are unhappy with your current Advisor/AUM fee structure
- Want more meaningful quarterly reports providing insights on how you are doing with your Plan goals and objectives
If any of those apply to you, we are glad to assist with our Investment Management Services. Coupled with our On-Going Financial Planning service, we believe that you will experience a greater chance of success in reaching your Plan goals. We will provide you with competitive and transparent fee schedules, meaningful quarterly reporting, and rebalancing based on your personal risk tolerance.
We build portfolios for long-term investors. All our portfolios have a few things in common:
- No proprietary products
- Low cost funds with long track records
- Periodic rebalancing
- Professionally managed
- Fee range: from .65% down to .45%
- Multiple Outside Managers
- One Custodian – TD Ameritrade
- Fiduciary Model
Investment Management Options
Simple, Strategic Portfolios
Multiple, simple investment strategies for us to pick from to match your risk tolerance, goals and objectives: (View/Download Brochure )
Low-cost global ETFs that track U.S. and international stock and bond markets providing broad diversification while minimizing costs. The portfolios are managed to a fixed asset allocation target and are rebalanced annually. Five risk levels ranging from 20% equity to 100% equity. We also offer tax-sensitive versions of all the global ETF portfolios.
Passive + Active (Core + Satellite)
A passive yet strong Core consisting of low-cost globally diversified ETFs with actively managed Satellite investments added only when our investment committee has high conviction they can increase return or reduce risk.
Decades of research has identified certain “factors” that have produced excess returns over long time periods. We choose factors that have a relatively low correlation to each other. These portfolios are built using an open architecture approach that allows us to utilize funds from different asset management firms. Each firm defines and manages exposure to the factors somewhat differently, giving our portfolios additional factor diversity.
Asset management services provided by First Ascent Asset Management, LLC (FAAM). Neither Kastler Financial Planning nor FAAM takes possession of client funds or securities. Funds are held at custodian, TD Ameritrade. Trades are made on a discretionary basis.
Who is First Ascent Asset Management, LLC?
CEO Scott MacKillop started his career in financial services in 1975 working as an intern at the Securities and Exchange Commission while attending law school. He practiced law in Washington, DC for a little over 15 years, specializing in securities law, ERISA and venture capital transactions. After holding a number of executive positions, he founded First Ascent Asset Management, LLC and has written over 90 articles and papers on investment-related topics and has spoken at over 100 financial services conferences.
Patrick Krulik is the Chief Investment Officer (CIO) at First Ascent. He has worked in the financial services industry since 2005, beginning at Mt. Yale, where he served as an investment analyst. After holding a number of analytical positions, he now serves as CFA at First Ascent working closely with financial advisors to help them meet their clients’ objectives and goals.
By choice, First Ascent Asset Management, LLC only works with advisors, not directly with clients.
Multi-Asset, Strategic Portfolios
I believe that just because a multi-asset portfolio is complex, we can simplify the complexity by providing:
If you want or need investment management services for our 7Twelve ® Partners Portfolio, we can help for a very reasonable percent of Assets Under Management (AUM) fixed fee. The key premise of a multi-asset portfolio is that no single asset class is dominant year after year so 7Twelve ® portfolios are based on 7 asset classes and 12 different funds that are highly diversified with low correlation.
Active Portfolio Management
7Twelve ® Portfolios provide a more active management style across the portfolios and all your accounts:
- Professional managment
- Attention to the asset classes across your 3 different account types (taxable, tax-deferred, and tax-free)
- Complex rebalancing
- Low Correlated funds
- Significantly lower AUM fee than the industry average of 1% AUM
Asset management services provided by Lunt Capital Management, Inc. Neither Kastler Financial Planning nor Lunt Capital Management takes possession of client funds or securities. Funds are held at custodian, TD Ameritrade. Trades are made on a discretionary basis.
Who is Lunt Capital Management, Inc.?
John Lunt is the President of Lunt Capital Management, Inc. John has created a variety of diversified, tactical investment strategies used by financial advisors around the country. John and Ryan Hessenthaler co-created the methodology for eight index strategies calculated by S&P Dow Jones Indices. He has been a featured speaker at investment conferences around the country, and has written extensively about financial markets. John is a charter member of the ETF Strategists Roundtable for key influencers associated with ETF management. From 2001 to 2014, he served on the board of Utah Retirement Systems (URS), a $20 billion pension fund. From 2004 to 2007, he was elected by his peers as board president. John is currently a member of the investment committee for the $8 billion Utah Educational Savings Plan (UESP). John completed the Program for Advanced Trustee Studies at Harvard Law School and finished a number of courses at the New York Institute of Finance on trading and portfolio management. He formerly worked on the Washington, D.C. staff of U.S. Senator Robert Bennett. John graduated Magna Cum Laude with University Honors from Brigham Young University with a degree in Economics, and he later received an MBA in Finance and International Business from New York University.
Our Investing Philosophies
Neither Kastler Financial Planning nor the 3rd party outside managers holds your assets. All investable assets are held at TD Ameritrade, one of the largest custodians in the industry.
Use of Investment Managers
We have chosen to use outside managers to perform the account set-up, selling, buying and rebalancing of the assets. These outside managers have significant experience, long track records, and are very well known within the industry. They provide economies of scale that a small consulting firm such as ourselves, simply cannot provide. The result is better service for our clients AT A LOWER COST!
There Must be a Plan
We do not perform Investment Management Services without a written Plan provided through our financial planning process. We believe investing is a well-defined strategy to meet specific long-term goals. An initial Plan and On-Going Financial Planning services are a therefore required and vital part of the Investment Management Services.
Generally, our investment management services are based on a globally diversified strategy involving a long-term, disciplined approach that manages risk through appropriate asset allocation. We recognize that each client’s needs and goals are different. Subsequently, portfolio strategies and underlying investment vehicles may vary. The following are common strategies we employ in client portfolios:
- Active Asset Management (Ex: mutual funds)
- Passive Investing (Ex: Exchange Traded Funds or ETFs)
- Hybrid – Passive Core plus Active Satellite
- 7Twelve ®
Retirement Planning for those at or near retirement (55+) is unique because, generally, we are designing a distribution strategy instead of an accumulation strategy. The investment portfolio is considered to be part of a “Bucket Strategy” where a different strategy may be deployed for income, cash reserves, and long-term growth for items such as Long-Term Care.
Modern Portfolio Theory (MPT)
MPT is an award-winning theory based on the belief that proper diversification and risk management will provide an investor with a more stable and consistent return over time. The practice of MPT does not employ market timing or day-trading of individual equity selections, but rather a long-term buy and rebalance strategy.
Additionally, we employ a multi-asset/multi-fund diversification strategy that follows MPT and is designed with a low correlation to optimize diversification. The assets in such a portfolio may include REITs, Commodities, and Emerging Markets in addition to the more typical US equities and bonds. Available as active, passive or hybrid portfolios.
We strive to create portfolios that are diversified, tax-efficient and utilize low-cost investments whenever practical. More on Investing Insights