Derbend Asset Management

The Derbend family would like to congratulate the 2023 graduates, students, and educators on another successful school year. Have a safe and enjoyable summer!

Please join us in congratulating our own Preston Sharpe on achieving his Certified Financial Planner (CFP®) designation after an 18-month long journey culminating with successfully passing the CFP® exam in July on his first attempt. The CFP® mark is the most prestigious designation in the field of financial planning due to the high education and ethics standards set forth by the CFP® Board. This achievement serves to strengthen the multi-disciplinary approach to serving our clients at Derbend Asset Management.

We are here for you, with full capabilities to work remotely. Megan's son, Jameson, is our newest, cutest, and best-behaved colleague.

A little perspective from your team at Derbend Asset Management:

This morning, Derbend’s Founding Partner, Chip Beard, brought in two copies of The Wall Street Journal from the days following “Black Monday” in 1987 (a single-day 24% drop in the DOW compared to this Monday’s ~7% drop). Chip saved these copies for posterity and to remind him that when markets are down, clients need you the most. That philosophy guides us here at Derbend. Interestingly enough, our current President, Donald J. Trump – a real estate developer at the time – was quoted in the Journal.

History has shown us that investors are rewarded when they make rational decisions in the face of irrational markets.

Please feel free to share this perspective with others and call our office if you would like to review your portfolio.

Wishing you and your family a very Merry Christmas from the Derbend family!

Derbend is a proud drop-off location for Toys for Tots! Stop by anytime during normal business hours to drop yours off this holiday season. Please remember that children of ALL ages need toys for Christmas 🎄