Host Alec Walker, EVP of Financial Planning at Crestmont Private Wealth, opens with some personal notes about summer plans before covering two main topics: a brief market update and a deep dive into performance reporting.

Market Update: Long-term US Treasury rates have risen to 5%, pushing inflation expectations higher. Notably, the yield curve has returned to a normal upward slope after being inverted through end of 2025 — historically a positive sign for economic growth. US bonds are down ~0.5% YTD but up 5.6% over the last 12 months, still outperforming money market rates of 3.5–4%.

Performance Reporting: Alec walks through where clients should go for account performance — the client portal (Orion-powered quarterly reports) vs. Charles Schwab (best for statements and tax docs). He explains three key advantages of the client portal's time-weighted performance reports over custodial statements: (1) total return including dividends and interest, (2) historical performance including removed holdings, and (3) time-weighted vs. dollar-weighted returns. He closes with a recommendation not to check accounts too frequently, citing data that the S&P 500 is only positive ~53% of trading days but ~75% of years.

0:00 – Intro & summer check-in

0:19 – Market update: rising interest rates & 30-year Treasury at 5%

2:03 – Yield curve back to normal (no longer inverted)

3:22 – Bond performance update

4:06 – Performance reporting overview: Schwab vs. client portal

5:33 – When to use Schwab vs. the client portal

6:15 – Why the client portal's Orion reports are more comprehensive

7:17 – Limitation #1: Custodial statements miss total return (dividends/interest)

8:28 – Limitation #2: Removed holdings aren't tracked in custodial statements

9:37 – Limitation #3: Time-weighted vs. dollar-weighted returns explained

10:36 – How often should you check your accounts?

13:10 – Invitation to reach out & services overview

14:47 – Outro

Host Alec Walker, EVP of Financial Planning at Crestmont Private Wealth, opens with some personal notes about summer plans before covering two main topics: a brief market update and a deep dive into performance reporting.
Market Update: Long-term US Treasury rates have risen to 5%, pushing inflation expectations higher. Notably, the yield curve has returned to a normal upward slope after being inverted through end of 2025 &mdash; historically a positive sign for economic growth. US bonds are down ~0.5% YTD but up 5.6% over the last 12 months, still outperforming money market rates of 3.5&ndash;4%.
Performance Reporting: Alec walks through where clients should go for account performance &mdash; the client portal (Orion-powered quarterly reports) vs. Charles Schwab (best for statements and tax docs). He explains three key advantages of the client portal's time-weighted performance reports over custodial statements: (1) total return including dividends and interest, (2) historical performance including removed holdings, and (3) time-weighted vs. dollar-weighted returns. He closes with a recommendation not to check accounts too frequently, citing data that the S&amp;P 500 is only positive ~53% of trading days but ~75% of years.
0:00 &ndash; Intro &amp; summer check-in
0:19 &ndash; Market update: rising interest rates &amp; 30-year Treasury at 5%
2:03 &ndash; Yield curve back to normal (no longer inverted)
3:22 &ndash; Bond performance update
4:06 &ndash; Performance reporting overview: Schwab vs. client portal
5:33 &ndash; When to use Schwab vs. the client portal
6:15 &ndash; Why the client portal's Orion reports are more comprehensive
7:17 &ndash; Limitation #1: Custodial statements miss total return (dividends/interest)
8:28 &ndash; Limitation #2: Removed holdings aren't tracked in custodial statements
9:37 &ndash; Limitation #3: Time-weighted vs. dollar-weighted returns explained
10:36 &ndash; How often should you check your accounts?
13:10 &ndash; Invitation to reach out &amp; services overview
14:47 &ndash; Outro

Host:  Sam McGee, MBA, CFA

Founder/Owner of Crestmont Private Wealth.
604 S. Main St. Boerne TX 78006
(830) 368-2898
www.crestmontpw.com

Host:  Sam McGee, MBA, CFA
Founder/Owner of Crestmont Private Wealth.
<ul>
<li><a href="https://www.google.com/maps?q=604%20S.%20Main%20St.,%20Boerne,%20TX,%2078006">604 S. Main St. Boerne TX 78006</a></li>
<li><a href="tel:8303682898">(830) 368-2898</a></li>
<li><a href="http://crestmontpw.com/">www.crestmontpw.com</a></li>
</ul>

The Ascent With Crestmont Private Wealth

The Ascent with Crestmont Private Wealth 

Host: Sam McGee

Houston Office: I Riverway, Suite 470 Houston, Texas 77056

(832) 280-5288

Boerne Office: 604 South Main Boerne, Texas 78006

Office (830) 368-2898

About Sam McGee

CHIEF EXECUTIVE OFFICER & CHIEF INVESTMENT OFFICER

Sam McGee is the founder and owner of Crestmont Private Wealth. As CEO, he believes that to lead well you must have a servant heart. His day-to-day role with Crestmont is to lead and learn from a group of talented professionals who have high character qualities and initiative. His vision is to steer a mission led company that changes lives through financial stewardship, engagement with clients, and fiduciary style education.

Sam has 26 years in the financial industry and is a Chartered Financial Analyst. The CFA Program is a rigorous three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, wealth planning, with an emphasis on ethics and quantitative analysis.

Sam is passionate about volunteering his time to the community. He founded the Texas Hill Country Mustang Club (501c7), is a board member for Hill Country Family Services, was appointed by the Texas Governor to the Texas Board of Professional Geoscientists, is a volunteer firefighter with the Boerne Fire Department, a trained SkyWarn Weather Spotter, and a Boerne Little League head coach, and involved with many charitable causes.

When asked what is most important to him, he said “Faith, Family, Community, & Friendships”

The Ascent with Crestmont Private Wealth 
Host: Sam McGee
Houston Office: I Riverway, Suite 470 Houston, Texas 77056
(832) 280-5288
Boerne Office: 604 South Main Boerne, Texas 78006
Office (830) 368-2898
About Sam McGee
CHIEF EXECUTIVE OFFICER &amp; CHIEF INVESTMENT OFFICER
Sam McGee is the founder and owner of Crestmont Private Wealth. As CEO, he believes that to lead well you must have a servant heart. His day-to-day role with Crestmont is to lead and learn from a group of talented professionals who have high character qualities and initiative. His vision is to steer a mission led company that changes lives through financial stewardship, engagement with clients, and fiduciary style education.
Sam has 26 years in the financial industry and is a Chartered Financial Analyst. The CFA Program is a rigorous three-part exam that tests the fundamentals of investment tools, valuing assets, portfolio management, wealth planning, with an emphasis on ethics and quantitative analysis.
Sam is passionate about volunteering his time to the community. He founded the Texas Hill Country Mustang Club (501c7), is a board member for Hill Country Family Services, was appointed by the Texas Governor to the Texas Board of Professional Geoscientists, is a volunteer firefighter with the Boerne Fire Department, a trained SkyWarn Weather Spotter, and a Boerne Little League head coach, and involved with many charitable causes.
When asked what is most important to him, he said “Faith, Family, Community, &amp; Friendships”