[{"data":1,"prerenderedAt":617},["ShallowReactive",2],{"team":3,"homepage-insights":187,"homepage-checkins":467},[4,39,65,90,114,138,163],{"id":5,"title":6,"bio":7,"body":8,"credentials":27,"description":7,"display_order":28,"extension":29,"headshot":30,"meta":31,"name":32,"navigation":33,"path":34,"seo":35,"stem":36,"tier":37,"__hash__":38},"team/team/02-partner.md","Founding Partner","David co-founded Second 50 Financial to build a firm where investment excellence and personal relationships are inseparable.",{"type":9,"value":10,"toc":23},"minimark",[11,14,17,20],[12,13,7],"p",{},[12,15,16],{},"With deep expertise in institutional-quality investment management and portfolio construction, David leads the firm's investment strategy. His background spans equity research, alternative investments, and tax-efficient portfolio design for ultra-high-net-worth families.",[12,18,19],{},"David holds the Chartered Financial Analyst (CFA) designation and is a CERTIFIED FINANCIAL PLANNER (CFP) professional. He brings a disciplined, evidence-based approach to investment management while never losing sight of each family's unique goals and values.",[12,21,22],{},"His philosophy is straightforward: protecting wealth is fundamental, but the real question is what you want the next chapter to look like.",{"title":24,"searchDepth":25,"depth":25,"links":26},"",2,[],"CIMA",1,"md","/images/team/davidswift-new.jpg",{},"David Swift",true,"/team/02-partner",{"title":6,"description":7},"team/02-partner","founding","h1pZn96aXBId--w79gZMmI9FKOmHryDXViSWK3PbUcw",{"id":40,"title":6,"bio":41,"body":42,"credentials":57,"description":41,"display_order":25,"extension":29,"headshot":58,"meta":59,"name":60,"navigation":33,"path":61,"seo":62,"stem":63,"tier":37,"__hash__":64},"team/team/01-founder.md","Kathleen co-founded Second 50 Financial with a singular mission: to provide families in their second chapter with the kind of deeply personal wealth management that larger firms cannot deliver.",{"type":9,"value":43,"toc":55},[44,46,49,52],[12,45,41],{},[12,47,48],{},"With over 25 years of experience in financial planning and wealth management, Kathleen specializes in comprehensive financial planning for high-net-worth families navigating major life transitions — retirement, business exits, and multi-generational wealth transfer.",[12,50,51],{},"Before founding Second 50, Kathleen held senior advisory roles at national wealth management firms where she consistently managed portfolios exceeding $500M in assets under advisement. She is a CERTIFIED FINANCIAL PLANNER (CFP) professional and holds the Certified Private Wealth Advisor (CPWA) designation.",[12,53,54],{},"Kathleen is passionate about ensuring every client relationship receives the depth and attention it deserves — which is why Second 50 intentionally limits the number of families it serves.",{"title":24,"searchDepth":25,"depth":25,"links":56},[],"CFP, CPWA, RMA","/images/team/kathleenadams-new.jpg",{},"Kathleen Adams","/team/01-founder",{"title":6,"description":41},"team/01-founder","Q1rMynKfP7OALe8M2_rTbmXDqAFliJI-Oflx3BVYAUI",{"id":66,"title":67,"bio":68,"body":69,"credentials":24,"description":68,"display_order":81,"extension":29,"headshot":82,"meta":83,"name":84,"navigation":33,"path":85,"seo":86,"stem":87,"tier":88,"__hash__":89},"team/team/05-advisor-3.md","Director of Planning & Operations","Katie focuses on building meaningful client relationships and delivering personalized financial guidance for families in their second chapter.",{"type":9,"value":70,"toc":79},[71,73,76],[12,72,68],{},[12,74,75],{},"At Second 50, Katie works with clients on financial planning, investment management, and wealth preservation strategies. She is committed to understanding each family's unique circumstances and crafting plans that reflect their values and aspirations.",[12,77,78],{},"Katie is a CERTIFIED FINANCIAL PLANNER (CFP) professional with a passion for empowering clients through financial education and thoughtful planning.",{"title":24,"searchDepth":25,"depth":25,"links":80},[],3,"/images/team/katieoneill.jpg",{},"Katie O'Neill","/team/05-advisor-3",{"title":67,"description":68},"team/05-advisor-3","director","WGCgGftb2BUy3DU4n2GMp1IM8Ng_Rzrbh62blfD5v6Q",{"id":91,"title":92,"bio":93,"body":94,"credentials":24,"description":93,"display_order":106,"extension":29,"headshot":107,"meta":108,"name":109,"navigation":33,"path":110,"seo":111,"stem":112,"tier":88,"__hash__":113},"team/team/06-operations.md","Director of Client Accounts","Lisa ensures the day-to-day operations of Second 50 Financial run seamlessly, enabling advisors to focus entirely on client relationships.",{"type":9,"value":95,"toc":104},[96,98,101],[12,97,93],{},[12,99,100],{},"As Director of Operations, Lisa oversees the firm's operational infrastructure, compliance processes, and administrative functions. Her attention to detail and commitment to efficiency make her an essential part of delivering the high-touch client experience Second 50 is known for.",[12,102,103],{},"Lisa brings years of experience in financial services operations and is dedicated to maintaining the standards of excellence that define the firm.",{"title":24,"searchDepth":25,"depth":25,"links":105},[],4,"/images/team/lisamorig.jpg",{},"Lisa Morig","/team/06-operations",{"title":92,"description":93},"team/06-operations","0hRQufhJ69HYlzxfeUmg1K-edn5lOlsQts2kk_lk9W4",{"id":115,"title":116,"bio":117,"body":118,"credentials":24,"description":117,"display_order":130,"extension":29,"headshot":131,"meta":132,"name":133,"navigation":33,"path":134,"seo":135,"stem":136,"tier":88,"__hash__":137},"team/team/04-advisor-2.md","Director of Investment Management","Charles is dedicated to helping clients navigate complex financial decisions with clarity and confidence.",{"type":9,"value":119,"toc":128},[120,122,125],[12,121,117],{},[12,123,124],{},"As a Financial Advisor at Second 50, Charles specializes in working with families going through significant transitions — whether that is a business sale, inheritance, or the shift into retirement. He takes a holistic approach, ensuring every aspect of a client's financial life is coordinated and aligned.",[12,126,127],{},"Charles is a CERTIFIED FINANCIAL PLANNER (CFP) professional who values building lasting relationships with the families he serves.",{"title":24,"searchDepth":25,"depth":25,"links":129},[],5,"/images/team/charlesdickey.jpg",{},"Charles Dickey","/team/04-advisor-2",{"title":116,"description":117},"team/04-advisor-2","UD_Sf4ilBDzMkGhLv_qfvc38NsgQVrxmLaXFs1yZJvM",{"id":139,"title":140,"bio":141,"body":142,"credentials":24,"description":141,"display_order":154,"extension":29,"headshot":155,"meta":156,"name":157,"navigation":33,"path":158,"seo":159,"stem":160,"tier":161,"__hash__":162},"team/team/03-advisor-1.md","Compliance Associate","Todd brings a client-first approach to financial planning, specializing in retirement income strategies and tax-efficient wealth management.",{"type":9,"value":143,"toc":152},[144,146,149],[12,145,141],{},[12,147,148],{},"As a Senior Financial Advisor at Second 50, Todd works closely with families to develop comprehensive plans that align their financial resources with their life goals. He is known for his ability to simplify complex financial concepts and help clients make confident decisions.",[12,150,151],{},"Todd is a CERTIFIED FINANCIAL PLANNER (CFP) professional with extensive experience in retirement planning, Social Security optimization, and estate planning coordination.",{"title":24,"searchDepth":25,"depth":25,"links":153},[],6,"/images/team/toddsakoda.jpg",{},"Todd Sakoda","/team/03-advisor-1",{"title":140,"description":141},"team/03-advisor-1","associate","vLy7zdEKFPEXB6K487aCRqi5Tnev5bz9jdy3SB3ga9g",{"id":164,"title":165,"bio":166,"body":167,"credentials":24,"description":166,"display_order":179,"extension":29,"headshot":180,"meta":181,"name":182,"navigation":33,"path":183,"seo":184,"stem":185,"tier":161,"__hash__":186},"team/team/07-client-service.md","Client Service Associate","Allie is the first point of contact for many of our client families, ensuring every interaction reflects the care and professionalism Second 50 stands for.",{"type":9,"value":168,"toc":177},[169,171,174],[12,170,166],{},[12,172,173],{},"As Client Service Manager, Allie coordinates scheduling, client communications, and account service requests. She is dedicated to making every client's experience with Second 50 smooth, responsive, and personal.",[12,175,176],{},"Allie's warmth and organizational excellence help keep client relationships strong and the advisory team operating at their best.",{"title":24,"searchDepth":25,"depth":25,"links":178},[],7,"/images/team/alliekeller.jpg",{},"Allie Keller","/team/07-client-service",{"title":165,"description":166},"team/07-client-service","gCT-DaAsvxzbkaSyGdSw_ybPIqzVqaeadF40o0wCIuM",[188,262,352],{"id":189,"title":190,"author":191,"body":192,"category":253,"date":254,"description":200,"extension":29,"featured_image":255,"meta":256,"navigation":33,"path":257,"seo":258,"stem":259,"summary":260,"__hash__":261},"insights/insights/january-moved-fast.md","January Moved Fast","Second 50 Financial",{"type":9,"value":193,"toc":248},[194,198,201,206,209,212,216,219,235,239,242],[195,196,190],"h1",{"id":197},"january-moved-fast",[12,199,200],{},"Markets wasted no time in 2026. The S&P 500 posted strong gains in January, fueled by continued AI-driven momentum and better-than-expected earnings from major technology companies. But beneath the headline numbers, the story was more nuanced.",[202,203,205],"h2",{"id":204},"what-happened","What Happened",[12,207,208],{},"Large-cap growth stocks led the charge, extending the trend that defined much of 2025. Meanwhile, small-cap stocks and international equities offered mixed signals, with some pockets of strength in European markets and continued headwinds in emerging markets.",[12,210,211],{},"Fixed income saw modest volatility as the market digested the Federal Reserve's updated guidance on rate policy. The yield curve continued to normalize, and credit spreads remained tight — a sign that bond markets are not pricing in significant recession risk.",[202,213,215],{"id":214},"how-we-are-positioned","How We Are Positioned",[12,217,218],{},"For our client families, the key takeaway is that portfolios built for the long term are designed to navigate exactly these kinds of environments. We are:",[220,221,222,226,229,232],"ul",{},[223,224,225],"li",{},"Maintaining our strategic asset allocation targets",[223,227,228],{},"Selectively rebalancing where drift has created opportunity",[223,230,231],{},"Continuing to favor quality across both equity and fixed income holdings",[223,233,234],{},"Monitoring tax-loss harvesting opportunities in international positions",[202,236,238],{"id":237},"looking-ahead","Looking Ahead",[12,240,241],{},"February brings the next round of economic data, including employment reports and consumer spending figures. We will be watching closely, but our investment philosophy remains unchanged: disciplined, diversified, and focused on your long-term plan.",[12,243,244],{},[245,246,247],"em",{},"Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.",{"title":24,"searchDepth":25,"depth":25,"links":249},[250,251,252],{"id":204,"depth":25,"text":205},{"id":214,"depth":25,"text":215},{"id":237,"depth":25,"text":238},"Market Commentary","2026-01-31","/images/insights/checkincartoonjan2026.jpg",{},"/insights/january-moved-fast",{"title":190,"description":200},"insights/january-moved-fast","A look at what happened in markets during January 2026 and how we are positioning portfolios heading into the new year.","aywqDxdPXRKmbG8ZgtmDsZx-dWL-1srM-LEufPneffs",{"id":263,"title":264,"author":191,"body":265,"category":343,"date":344,"description":272,"extension":29,"featured_image":345,"meta":346,"navigation":33,"path":347,"seo":348,"stem":349,"summary":350,"__hash__":351},"insights/insights/year-end-update.md","Year End Update",{"type":9,"value":266,"toc":337},[267,270,273,277,280,283,287,308,312,326,330,333],[195,268,264],{"id":269},"year-end-update",[12,271,272],{},"2025 was a year of surprises — most of them pleasant, at least for equity investors. As we close the books, here is what mattered, what we learned, and how we are thinking about the year ahead.",[202,274,276],{"id":275},"the-year-in-review","The Year in Review",[12,278,279],{},"U.S. equity markets delivered strong returns for the second consecutive year, driven by a handful of mega-cap technology companies and the accelerating AI investment cycle. The S&P 500 finished the year well above where most strategists expected.",[12,281,282],{},"But it was not a straight line. Markets navigated geopolitical uncertainty, shifting expectations around Federal Reserve policy, and a brief but notable correction in the third quarter that tested investor resolve.",[202,284,286],{"id":285},"what-worked","What Worked",[220,288,289,296,302],{},[223,290,291,295],{},[292,293,294],"strong",{},"Staying invested",": The biggest risk in 2025 was being on the sidelines. Market timing would have been punishing.",[223,297,298,301],{},[292,299,300],{},"Quality bias",": Companies with strong balance sheets and consistent earnings outperformed, particularly in the back half of the year.",[223,303,304,307],{},[292,305,306],{},"Tax management",": Active tax-loss harvesting during the Q3 correction created meaningful value for taxable portfolios.",[202,309,311],{"id":310},"what-we-are-watching-for-2026","What We Are Watching for 2026",[220,313,314,317,320,323],{},[223,315,316],{},"Federal Reserve rate policy and the path of short-term interest rates",[223,318,319],{},"Earnings growth broadening beyond mega-cap technology",[223,321,322],{},"Geopolitical risk, particularly around trade policy and energy markets",[223,324,325],{},"Continued evolution of AI's impact on corporate productivity and margins",[202,327,329],{"id":328},"your-plan-comes-first","Your Plan Comes First",[12,331,332],{},"As always, your investment portfolio exists to serve your financial plan — not the other way around. Whether 2026 brings calm or volatility, your plan was built for both.",[12,334,335],{},[245,336,247],{},{"title":24,"searchDepth":25,"depth":25,"links":338},[339,340,341,342],{"id":275,"depth":25,"text":276},{"id":285,"depth":25,"text":286},{"id":310,"depth":25,"text":311},{"id":328,"depth":25,"text":329},"Year-End Review","2025-12-31","/images/insights/checkincartoondec2025.jpg",{},"/insights/year-end-update",{"title":264,"description":272},"insights/year-end-update","Reflecting on the year that was and what it means for the year ahead. Key takeaways for your portfolio and plan.","bRenmBs7U_62TNjyuzhQKclWYFHjPqh5Y9mIxibKNdY",{"id":353,"title":354,"author":191,"body":355,"category":458,"date":459,"description":362,"extension":29,"featured_image":460,"meta":461,"navigation":33,"path":462,"seo":463,"stem":464,"summary":465,"__hash__":466},"insights/insights/ai-boom-vs-internet-bubble.md","AI Boom vs Internet Bubble",{"type":9,"value":356,"toc":452},[357,360,363,367,370,390,394,397,417,421,424,427,441,445,448],[195,358,354],{"id":359},"ai-boom-vs-internet-bubble",[12,361,362],{},"The comparisons are inevitable. A transformative technology. Soaring stock prices. Massive capital expenditure. Talk of a \"new paradigm.\" If you lived through the late 1990s, the current AI investment cycle feels familiar. But is the comparison fair?",[202,364,366],{"id":365},"the-parallels","The Parallels",[12,368,369],{},"There are genuine similarities between the AI boom and the internet bubble:",[220,371,372,378,384],{},[223,373,374,377],{},[292,375,376],{},"Concentrated gains",": A small number of companies are driving the majority of market returns, just as in 1999.",[223,379,380,383],{},[292,381,382],{},"Massive CapEx",": Companies are spending tens of billions on AI infrastructure, often before the revenue materializes.",[223,385,386,389],{},[292,387,388],{},"Narrative-driven valuations",": Some companies are being valued on what they might become, not what they currently earn.",[202,391,393],{"id":392},"the-differences","The Differences",[12,395,396],{},"But there are important differences that make a direct comparison misleading:",[220,398,399,405,411],{},[223,400,401,404],{},[292,402,403],{},"Real revenue and earnings",": Unlike the dot-com era, the leading AI companies are generating enormous cash flows. These are not speculative startups — they are among the most profitable businesses in history.",[223,406,407,410],{},[292,408,409],{},"Proven technology",": AI is already being deployed at scale across industries, from healthcare to finance to manufacturing. The internet in 1999 was still finding its use cases.",[223,412,413,416],{},[292,414,415],{},"Market structure",": Today's markets are more institutional, more liquid, and better regulated than in the late 1990s.",[202,418,420],{"id":419},"what-it-means-for-your-portfolio","What It Means for Your Portfolio",[12,422,423],{},"We are not dismissing the risks of concentration or stretched valuations. But we also recognize that the AI investment cycle is different in meaningful ways.",[12,425,426],{},"Our approach:",[220,428,429,432,435,438],{},[223,430,431],{},"Maintain diversification across sectors and geographies",[223,433,434],{},"Own the beneficiaries of AI adoption, not just the hype",[223,436,437],{},"Rebalance systematically to manage concentration risk",[223,439,440],{},"Stay focused on your financial plan, not market narratives",[202,442,444],{"id":443},"the-takeaway","The Takeaway",[12,446,447],{},"Every transformative technology creates both opportunity and excess. The key is distinguishing between the two — and having a plan that does not depend on getting the timing right.",[12,449,450],{},[245,451,247],{},{"title":24,"searchDepth":25,"depth":25,"links":453},[454,455,456,457],{"id":365,"depth":25,"text":366},{"id":392,"depth":25,"text":393},{"id":419,"depth":25,"text":420},{"id":443,"depth":25,"text":444},"Investment Strategy","2025-11-15","/images/insights/checkincartoonnov2025.jpg",{},"/insights/ai-boom-vs-internet-bubble",{"title":354,"description":362},"insights/ai-boom-vs-internet-bubble","Is the AI trade the next dot-com? We look at the parallels, the differences, and what it means for long-term investors.","0DorShZ8-xzQoXbpv7Jgr2K8v4W3ayy7G8uxQeDLbtg",[468,520,568],{"id":469,"title":470,"body":471,"cartoon_image":255,"date":254,"description":24,"extension":29,"meta":515,"navigation":33,"path":516,"seo":517,"stem":518,"subtitle":190,"__hash__":519},"checkIns/check-ins/january-2026.md","January 2026 Market Check-In",{"type":9,"value":472,"toc":510},[473,477,481,484,487,491,494,497,499,502,505],[195,474,476],{"id":475},"january-2026-market-check-in-january-moved-fast","January 2026 Market Check-In: January Moved Fast",[202,478,480],{"id":479},"market-overview","Market Overview",[12,482,483],{},"January set a brisk pace for 2026. The S&P 500 extended its winning streak from 2025, driven by strong earnings reports from technology leaders and continued enthusiasm around artificial intelligence investments.",[12,485,486],{},"Bond markets held relatively steady, with the 10-year Treasury yield hovering around 4.2%. The Federal Reserve signaled patience on further rate adjustments, keeping markets in a holding pattern on monetary policy.",[202,488,490],{"id":489},"portfolio-impact","Portfolio Impact",[12,492,493],{},"Client portfolios benefited from the continued strength in U.S. large-cap equities. International diversification provided modest headwinds, as the strong dollar weighed on foreign-denominated returns.",[12,495,496],{},"We used the month's strength to selectively rebalance portfolios that had drifted above their equity allocation targets — a disciplined approach to managing risk while markets are accommodating.",[202,498,238],{"id":237},[12,500,501],{},"Earnings season continues into February, and we will be watching for signs that corporate profitability is broadening beyond the technology sector. We remain constructive on the outlook but vigilant about concentration risk.",[12,503,504],{},"As always, your plan is built for all market environments. January's strength is welcome, but it does not change our long-term approach.",[12,506,507],{},[245,508,509],{},"This commentary is for informational purposes only and does not constitute investment advice.",{"title":24,"searchDepth":25,"depth":25,"links":511},[512,513,514],{"id":479,"depth":25,"text":480},{"id":489,"depth":25,"text":490},{"id":237,"depth":25,"text":238},{},"/check-ins/january-2026",{"title":470,"description":24},"check-ins/january-2026","K5GpNbc3D0adazcII4s-yfySX4Qc9cjrekN8vHYlRxY",{"id":521,"title":522,"body":523,"cartoon_image":345,"date":344,"description":24,"extension":29,"meta":562,"navigation":33,"path":563,"seo":564,"stem":565,"subtitle":566,"__hash__":567},"checkIns/check-ins/december-2025.md","December 2025 Market Check-In",{"type":9,"value":524,"toc":557},[525,529,531,534,537,539,542,545,547,550,553],[195,526,528],{"id":527},"december-2025-market-check-in-year-end-reflections","December 2025 Market Check-In: Year End Reflections",[202,530,480],{"id":479},[12,532,533],{},"December brought a fitting close to a strong year for equity markets. The S&P 500 finished 2025 with impressive gains, marking back-to-back years of above-average returns. Small-cap stocks, after lagging for much of the year, showed signs of life in the final quarter.",[12,535,536],{},"The Federal Reserve delivered its final rate decision of the year with no surprises, and bond markets ended the year on a stable note. Credit markets remained healthy, with corporate bond spreads at historically tight levels.",[202,538,490],{"id":489},[12,540,541],{},"2025 rewarded patient, diversified investors. While concentration in mega-cap technology stocks dominated the headlines, balanced portfolios with exposure to fixed income, international markets, and alternative investments also delivered solid risk-adjusted returns.",[12,543,544],{},"Tax-loss harvesting activity in Q3 and Q4 created meaningful value for taxable accounts, offsetting gains and improving after-tax outcomes.",[202,546,238],{"id":237},[12,548,549],{},"As we enter 2026, we are cautiously optimistic. Valuations in some segments of the market are stretched, but earnings growth remains supportive. We will continue to focus on what we can control: asset allocation, tax management, and keeping your plan on track.",[12,551,552],{},"Thank you for your trust throughout 2025. We look forward to the year ahead.",[12,554,555],{},[245,556,509],{},{"title":24,"searchDepth":25,"depth":25,"links":558},[559,560,561],{"id":479,"depth":25,"text":480},{"id":489,"depth":25,"text":490},{"id":237,"depth":25,"text":238},{},"/check-ins/december-2025",{"title":522,"description":24},"check-ins/december-2025","Year End Reflections","IyRLbsmsqve-SaRcfWZoPjg74CO5ZNEWSUGCFWcoTc4",{"id":569,"title":570,"body":571,"cartoon_image":460,"date":610,"description":24,"extension":29,"meta":611,"navigation":33,"path":612,"seo":613,"stem":614,"subtitle":615,"__hash__":616},"checkIns/check-ins/november-2025.md","November 2025 Market Check-In",{"type":9,"value":572,"toc":605},[573,577,579,582,585,587,590,593,595,598,601],[195,574,576],{"id":575},"november-2025-market-check-in-navigating-the-noise","November 2025 Market Check-In: Navigating the Noise",[202,578,480],{"id":479},[12,580,581],{},"November brought a mix of election aftermath, earnings season wind-down, and renewed market momentum. Equity markets rallied broadly, with both growth and value stocks participating in the advance.",[12,583,584],{},"The post-election period saw increased optimism around pro-business policy expectations, which particularly benefited financial and industrial stocks. International markets were more mixed, with European equities facing headwinds from slower economic growth.",[202,586,490],{"id":489},[12,588,589],{},"Diversified portfolios performed well in November, with equity gains offset slightly by modest weakness in longer-duration bonds. Our systematic rebalancing approach helped capture gains in sectors that led the rally while maintaining target allocations.",[12,591,592],{},"For clients with concentrated positions, we continued to execute planned diversification strategies, taking advantage of favorable market conditions to reduce single-stock risk.",[202,594,238],{"id":237},[12,596,597],{},"December is typically a positive month for equity markets, and seasonal factors may provide additional tailwinds. However, we remain focused on fundamentals rather than calendar effects.",[12,599,600],{},"Year-end tax planning is our priority in the weeks ahead. We are reviewing every client portfolio for tax-loss harvesting opportunities, Roth conversion potential, and charitable giving strategies that can improve your 2025 tax outcome.",[12,602,603],{},[245,604,509],{},{"title":24,"searchDepth":25,"depth":25,"links":606},[607,608,609],{"id":479,"depth":25,"text":480},{"id":489,"depth":25,"text":490},{"id":237,"depth":25,"text":238},"2025-11-30",{},"/check-ins/november-2025",{"title":570,"description":24},"check-ins/november-2025","Navigating the Noise","G33EgndIgSU9KtafsQ5IoFMpVr3F3FlU1edgil966GQ",1776569583530]