Quarterly letters, plainly written.
Notes from the firm on fiduciary practice, the discipline of the record, and why we build the way we build. No market calls. No hot takes. Just the thinking behind the standard.
The firm as exam binder.
Every firm says it's transparent. We decided to mean something specific by it: build the practice so that an SEC examiner, a skeptical heir, and you at two in the morning would all find the same complete record. This is what that standard costs — and why it's worth it.
Read the letter →The firm as exam binder.
What we decided "transparent" would actually mean — what the standard costs, and why it’s worth it.
Practice Winter 2025Why a folio, not a portal.
The industry gave you a login and called the data a relationship. We compose a document instead — and the difference is the whole point.
The Folio Autumn 2025What we let the machine do.
Artificial intelligence carries the volume so the people can carry the judgment. Where we trust the system — and the line it never crosses.
BAFAosOne fee, and nothing else.
What fee-only actually removes from the room — and why the absence of a second agenda is the most valuable thing an adviser can offer.
Print archive · on requestThe opening question.
Before the numbers, the intent: what is this money for? Why every engagement begins with the question, and how the answer governs everything after.
Print archive · on requestSmall, on purpose.
Why a deliberately small book isn’t a stage to grow out of, but the design that lets one standard hold for every household.
Print archive · on requestThe letter arrives quarterly.
No noise between issues. If the thinking resonates, the best next step is a conversation.