Happy April 15th,
As we approach the one-third mark of 2026, one word stands out: volatility.
With markets reacting to ongoing geopolitical tensions, including the war in Iran, we’ve seen an increase in short-term fluctuations that often accompany global uncertainty. While headlines can feel unsettling, history has shown that these moments often create meaningful opportunities for long-term investors—and our team has been thoughtfully positioning portfolios to take advantage of them.
As developments continue and markets look toward resolution, we’ve already seen signs of recovery. In fact, as of today, the S&P 500 has reached another record high.
At FPS, we are consistently monitoring your accounts and making adjustments when appropriate. As markets rise, portfolios can naturally become more aggressive than intended. During these times, we take a disciplined approach—trimming gains and reallocating as needed to keep your investments aligned with where you want to go.
This “rebalancing act” is an important part of how we care for your portfolio. It allows us to thoughtfully buy during market dips and sell into strength, all while maintaining the balance that supports your long-term plan.
Our ability to do this today reflects how much our industry—and our process—has evolved over time. Years ago, placing trades meant calling or faxing orders to brokers or fund companies. Information was limited, and real-time access to accounts simply wasn’t available. In those days, during volatile markets, the primary approach was to stay the course and wait for recovery.
Today, technology allows us to be more proactive and responsive. We can monitor accounts in real time and make timely, informed decisions as markets move. While our core philosophy of long-term investing hasn’t changed, our ability to act with precision has strengthened how we serve you.
For clients with $150,000 or more invested with our office, we actively monitor accounts daily and make adjustments designed to navigate changing market conditions.
At the heart of all of this is something much more important than markets or technology—you. Our approach has always been goals-based. We take the time to truly understand what matters most to you, what you’re working toward, and what success looks like in your life. The way we manage your investments is simply a tool to help support those goals.