Alec Walker covers three main topics:

 

Portfolio Rebalance — Crestmont recently completed a rebalance of their 7 core globally diversified portfolios (conservative to ultra-aggressive, primarily low-cost ETFs). He explains their policy → strategy → tactics framework:

 

Policy: Threshold-based rebalancing (not calendar-based) when allocations drift outside target ranges

Strategy: Tax-aware approach — IRA accounts taken back to target with no tax impact; taxable accounts handled more conservatively

Tactics: Equity exposure trimmed 2–6% depending on drift; one passive fund replaced with an active ETF in the same asset class

Context: Vanguard research shows rebalanced portfolios have ~20% lower volatility historically

Market Concentration & Diversification — Over 40% of the S&P 500 is concentrated in the top 10 companies. Post-rebalance, client portfolios are ~25% in those top 10. Diversification has paid off in 2025: S&P 493 up 11% YTD vs. Mag Seven up 3%; small cap outperforming by 7–8%; international developed markets up 3%+ above S&P 500.

 

SpaceX IPO — Clients have been asking about it. Crestmont will not be facilitating participation due to fiduciary/compliance considerations. Key points: S&P 500 has announced it won't fast-track SpaceX into the index; due to low float, SpaceX would likely represent only ~0.2% of the index even if added; high valuation relative to current financials, but short-term pop is expected.

 

Timeline

Time     Topic

0:00     Intro — Who Alec is, overview of Crestmont's holistic wealth management services

0:49     Investment committee overview; quarterly rebalance of 7 core portfolios

1:22     What a rebalance means; threshold-based approach explained

1:50     Policy → Strategy → Tactics framework introduced

3:06     Rebalance strategy details: threshold-based, not calendar-based

3:48     Tax-aware strategy: separating taxable vs. IRA accounts

4:36     Vanguard research: rebalanced portfolios have ~20% lower volatility

4:58     Tactics: equity trimmed 2–6%; fund swap (passive → active ETF)

5:52     Tax implications perspective for all investors; low turnover philosophy

7:01     Example: $1M account, $25K gains → $5,950 tax = 0.6% of portfolio

7:54     S&P 500 up 8% YTD, 24% over 12 months — contextualizing the 0.6% tax cost

8:41     Rebalance wrap-up; transition to market concentration topic

9:03     S&P 500 concentration: 40%+ in top 10; portfolios now at ~25% in top 10

9:21     Diversification performance: S&P 493, small cap, international markets all outperforming Mag Seven

10:09  SpaceX IPO — client questions; Crestmont not facilitating participation

10:35  FOMO vs. risks; S&P 500 rule changes; "holding the bag" concern

11:11  S&P won't allow quick entry; SpaceX projected at 2–5% weight (market cap), but only ~0.2% adjusted for float

12:45  IPO valuation high vs. fundamentals; short-term pop expected; subject to quarterly earnings going forward

13:30  Closing remarks + Spurs shoutout

Original Air Date: June 13, 2026 at 8:30am as heard on Boerne Radio 103.9FM

Contact:  www.crestmontpw.com 

Alec Walker in Houston:  831-280-5288 

Sam McGee in Boerne: 830-368-2898

Alec Walker covers three main topics:
&nbsp;
Portfolio Rebalance &mdash; Crestmont recently completed a rebalance of their 7 core globally diversified portfolios (conservative to ultra-aggressive, primarily low-cost ETFs). He explains their policy &rarr; strategy &rarr; tactics framework:
&nbsp;
Policy: Threshold-based rebalancing (not calendar-based) when allocations drift outside target ranges
Strategy: Tax-aware approach &mdash; IRA accounts taken back to target with no tax impact; taxable accounts handled more conservatively
Tactics: Equity exposure trimmed 2&ndash;6% depending on drift; one passive fund replaced with an active ETF in the same asset class
Context: Vanguard research shows rebalanced portfolios have ~20% lower volatility historically
Market Concentration &amp; Diversification &mdash; Over 40% of the S&amp;P 500 is concentrated in the top 10 companies. Post-rebalance, client portfolios are ~25% in those top 10. Diversification has paid off in 2025: S&amp;P 493 up 11% YTD vs. Mag Seven up 3%; small cap outperforming by 7&ndash;8%; international developed markets up 3%+ above S&amp;P 500.
&nbsp;
SpaceX IPO &mdash; Clients have been asking about it. Crestmont will not be facilitating participation due to fiduciary/compliance considerations. Key points: S&amp;P 500 has announced it won't fast-track SpaceX into the index; due to low float, SpaceX would likely represent only ~0.2% of the index even if added; high valuation relative to current financials, but short-term pop is expected.
&nbsp;
Timeline
Time&nbsp;&nbsp;&nbsp;&nbsp; Topic
0:00&nbsp;&nbsp;&nbsp;&nbsp; Intro &mdash; Who Alec is, overview of Crestmont's holistic wealth management services
0:49&nbsp;&nbsp;&nbsp;&nbsp; Investment committee overview; quarterly rebalance of 7 core portfolios
1:22&nbsp;&nbsp;&nbsp;&nbsp; What a rebalance means; threshold-based approach explained
1:50&nbsp;&nbsp;&nbsp;&nbsp; Policy &rarr; Strategy &rarr; Tactics framework introduced
3:06&nbsp;&nbsp;&nbsp;&nbsp; Rebalance strategy details: threshold-based, not calendar-based
3:48&nbsp;&nbsp;&nbsp;&nbsp; Tax-aware strategy: separating taxable vs. IRA accounts
4:36&nbsp;&nbsp;&nbsp;&nbsp; Vanguard research: rebalanced portfolios have ~20% lower volatility
4:58&nbsp;&nbsp;&nbsp;&nbsp; Tactics: equity trimmed 2&ndash;6%; fund swap (passive &rarr; active ETF)
5:52&nbsp;&nbsp;&nbsp;&nbsp; Tax implications perspective for all investors; low turnover philosophy
7:01&nbsp;&nbsp;&nbsp;&nbsp; Example: $1M account, $25K gains &rarr; $5,950 tax = 0.6% of portfolio
7:54&nbsp;&nbsp;&nbsp;&nbsp; S&amp;P 500 up 8% YTD, 24% over 12 months &mdash; contextualizing the 0.6% tax cost
8:41&nbsp;&nbsp;&nbsp;&nbsp; Rebalance wrap-up; transition to market concentration topic
9:03&nbsp;&nbsp;&nbsp;&nbsp; S&amp;P 500 concentration: 40%+ in top 10; portfolios now at ~25% in top 10
9:21&nbsp;&nbsp;&nbsp;&nbsp; Diversification performance: S&amp;P 493, small cap, international markets all outperforming Mag Seven
10:09&nbsp; SpaceX IPO &mdash; client questions; Crestmont not facilitating participation
10:35&nbsp; FOMO vs. risks; S&amp;P 500 rule changes; "holding the bag" concern
11:11&nbsp; S&amp;P won't allow quick entry; SpaceX projected at 2&ndash;5% weight (market cap), but only ~0.2% adjusted for float
12:45&nbsp; IPO valuation high vs. fundamentals; short-term pop expected; subject to quarterly earnings going forward
13:30&nbsp; Closing remarks + Spurs shoutout
Original Air Date: June 13, 2026 at 8:30am as heard on Boerne Radio 103.9FM
Contact:&nbsp; <a href="https://www.crestmontpw.com">www.crestmontpw.com</a>&nbsp;
Alec Walker in Houston:&nbsp; 831-280-5288&nbsp;
Sam McGee in Boerne: 830-368-2898

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”