Visions for the future
“Transaction costs…(of) $7 trades will be considered expensive….(and) the advent of purely on-line advisory firms.” What the Investment Services Industry will look like in 2020:
Jacob Deschenes, Independent Financial Advisor/Portfolio Manager
Old-style, traditional brokerage practices (transaction-based compensation) will not be acceptable to clients. They will demand that all advisors working in the investment space to work under a fiduciary standard (feebased). Transaction costs will continue to decrease, and $7 trades will be considered expensive. The advent of pure online advisory firms would mean that face-to-face client interaction happens less and less. The light touch vs. heavy touch client relationship will be in place. Technology will drive results and, in some degree, survival. I will be operating with the most advanced techniques and my own proprietary formulas. Business intelligence will rule. Those who have it and can understand data, data, data, will win. Mathematics and statistics will be the engine for the investment process. (Emotion, when investing, is not a good thing.) After working 5 years at a local firm, Jacob founded his own company during 2013, Era Capital Management. He has developed his own investment models based on fee-only management (no up-front or deferred commissions, zero trading costs, daily pricing, low account minimums) for individuals, businesses, trusts, and for other investment managers across the United States.
“A renewed emphasis on community development will invest in Downtown, Samish Way, and Old Town….”
Kelli Linville, Mayor, Bellingham
I am excited about our City's future. As mayor, I have made strategic investments in city facilities, community development, parks and recreation, and environmental protection so that Bellingham can continue to grow with our community values in mind. A renewed emphasis on community development will invest in Downtown, Samish Way, and Old Town, as well as ensure that city-wide growth occurs in line with community priorities. The City will continue partnering with social service agencies so that all of Bellingham's citizens have access to high-quality assistance and care. In 2020, Bellingham will still be a destination for residents and visitors to enjoy world-class parks and recreation opportunities, walkable and bikeable streets, and cultural amenities like the library, Mount Baker Theatre, and Whatcom Museum. My vision for the Bellingham of 2020 is to continue to be among the best places to live in America. Kelli Linville became the City’s first woman mayor in the 2011 election, and assumed office in January of 2012. She’s a fourth-generation resident, owner of several small businesses, a former speech pathologist in education, and she served District 42 for 17 years in the state legislature.
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