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Client Newsletter September 2020

Hello Again!


We hope this newsletter finds you well, to start here are a few housekeeping items.

  • TradePMR (the monthly statement provider) is up and running.  If you would like to log in online and to change your statement delivery preferences from paper statements to electronic, please reply to this email.  We will send over a temporary password with instructions. Note: Annuity balances will not available through TradePMR they will be part of the client portal that is coming soon. 
  • Due to COVID-19 related slowdowns the move to the new Logan office has been delayed.  The sign is up, swing by and check it out!  We will keep you posted! 
  • We started the monthly newsletter series in January 2019.  If you have missed any or would like to go back and read them again please visit https://ascendinvestment.com/client-newsletters
  • From the Blog: Lessons from a Camping Trip to Tony Grove: https://ascendinvestment.com/garrettsgarage/lessons-from-camping-trip-to-tony-grove



COVID-19 has created waves far beyond the market that we will be feeling for years to come.  In our discussions and from our research we see a pattern of changing behavior.   It appears many are spending more time with family, saving more money, and strategically spending on things that are most valuable.  


The U.S. Bureau of Economic Analysis tracks the personal savings rate of Americans.  Over the last twenty years that rate usually sits around 5%-7%.  But in April it skyrocketed up to 33.7%!!   Meaning, Americans on average were saving one third of their disposable income.  (https://fred.stlouisfed.org/series/PSAVERT)


How have your money habits changed?  More savings?  More big purchases?  For me, Garrett, I have found I am less likely to spend on the little things and more likely to splurge on a bigger item.  


Hit reply to this email and let us know what money habits have changed.  




Garrett G. Smith

Financial Advisor

Ascend Investment Partners


Paul M. Norman, CFP®

Senior Financial Advisor

Ascend Investment Partners





1300 N 200 E #114C

Logan, UT 84341

Tel: 801-476-1200

Fax: 801-476-1207



175 Historic 25th Street

Ogden, UT 84401

Tel: 801-476-1200

Fax: 801-476-1207


Ascend Investment Partners is not a legal or tax advisor. You should consult with your attorney, accountant and/or estate planner before taking any action.  


Ascend Investment Partners did not assist in the preparation of this report, and its accuracy and completeness are not guaranteed. The opinions expressed in this report are those of the author(s) and are not necessarily those of Ascend Investment Partners or its affiliates. The material has been prepared or is distributed solely for information purposes and is not a solicitation or an offer to buy any security or instrument or to participate in any trading strategy