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Personal Wealth Management
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Personal Wealth Management

Our firm has grown – one referral at a time since 2007, but our experience and history goes much deeper. Individuals who have accumulated significant wealth recognize the need for highly qualified investment managers beyond the ordinary. We simplify the challenges associated with managing our clients’ lifestyles and legacies.
Institutional Capital Management
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Institutional Capital Management

BCWM’s Institutional Management offers services to endowment funds, foundations, profit sharing plans, trusts and small businesses. With top-level management in all asset classes, consistent performance and individual security selection, we offer our institutional investors advantages they might not find elsewhere.
Well-beyond Certification
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Well-beyond Certification

While there are fewer than 116,000 CFA charterholders in the world, BCWM has four, along with four CFP® professionals on staff. This number of highly regarded certifications in a small-sized staff is rare. We are committed to recruiting and retaining the best talent the industry has to offer.

Read the Latest Investment Commentary

  • Statistics Can Be Deceiving

    by Richard Boyer, CFP®, CFA
    20 February, 2015

    My October Investment Commentary (KC Royals) included a graph illustrating the S&P 500 Index’s growth since 1985. In that graph, I pointed out high and low points and suggested that we might be currently near a high point. Statistics (and graphs made from statistics) can be deceiving. Chris Harrington, our senior portfolio manager, pointed out to me that the graph I used in October wasn't logarithmic. In other words, an increase from 500 to 1,000 (an increase of 100%) looks exactly like an increase from 1,000 to 1,500 (an increase of only 50%). The graph below is similar to the one I published in October. The S&P 500 is plotted from 1985 through the end of 2014. The climb at the end would lead you to believe the market is grossly overvalued. However, when you plot the exact same data on a logarithmic graph, it looks like this: Since 1987, the annual total return for the S&P 500 has been 10.5% per year, which is pretty close to the long-term (...)

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