On July 1, 2021, two new acts affecting trusts were in enacted in Florida, the Florida Uniform Directed Trust Act and the Florida Community Property Trust Act. While both of these Acts are targeted in nature, they could provide an excellent planning opportunity for those with the right situation. Read the highlights of these new laws in this article.
Healthcare Network & FineMark: Partnering to Help Others Receive the Care They Need
Amid last year’s pandemic, with help from government grants and the support of local businesses including FineMark National Bank & Trust, Healthcare Network Southwest Florida opened its newest clinic in Collier County: the Nichols Community Health Center. The 51,000 square-foot facility provides residents in Golden Gate and neighboring communities with access to affordable and compassionate …
2021 Third Quarter Review & Commentary
It was another strong quarter for markets, but that didn’t make Q3 2021 any less predictable. Executive Vice President & Chief Investment Officer Chris Battifarano shares FineMark’s perspective on the quarter overall and spotlights key elements – inflation, quantitative easing, anticipated tax increases, and more – to help you understand their impacts.
Revisiting the Secure Act
Shortly before the onset of the coronavirus pandemic and the enactment of the CARES Act, the SECURE Act was signed into law. The SECURE Act created the most significant retirement plan changes in over a decade.
2021 Second Quarter Review & Commentary
“We know, there are known knowns; there are things we know we know. We also know there are known unknowns; that is to say we know there are some things we do not know. But there are also unknown unknowns- the ones we don’t know we don’t know.” -Donald Rumsfeld (1932-2021), Secretary of Defense under …
What about that IRA?
As we transition into the second half of the year, now is a good time to reflect on and review the wealth plan you have currently in place. When it comes to retirement planning, the SECURE Act that was passed in December 2019 established some wide-ranging changes to the treatment and handling of retirement accounts. …
2021 First Quarter Review & Commentary
The Long, Successful History of Portfolio Diversification Miguel de Cervantes, author of Don Quixote de la Mancha, is known as the most famous novelist in Spanish history (and, quite possibly, the world). In pondering the author’s quote, above, it’s worth noting that individual investors are inclined to view the quote and think that simply having …
2020 Fourth Quarter Review & Commentary
-Tommy Lasorda, Legendary Dodgers Manager and Baseball Hall of Fame Member, 1927-2021 IMPROBABLE YEAR-END RETURNS IN AN UNPRECEDENTED YEAR On January 7, 2021, the nation lost former L.A. Dodgers manager Tommy Lasorda, prompting us to reflect on the quote above. At FineMark, we believe Lasorda’s words are as apropos to the world of investing as …
2020 Third Quarter Review & Commentary
“We’ll show the world we are prosperous, even if we have to go broke to do it.” -Will Rogers, American actor and political humorist (1879-1935) ECONOMIC IMPACTS OF COVID-19 The third quarter of 2020 began with markets rebounding smartly, a condition similar to what we observed during the second quarter. Significantly stronger-than-forecasted economic data further …
2020 Second Quarter Review & Commentary
This year has been full of unprecedented events, economic upheaval, and elevated market volatility due to the coronavirus pandemic, and the second quarter of 2020 proved no different. While we were pleased to see the steep selloff and 20% decline suffered by the S&P 500 Index during the first quarter come to an abrupt halt …
2020 First Quarter Review & Commentary
Read and watch our latest review and commentary. Listen as FineMark’s Chief Investment Officer, Chris Battifarano presents his first quarter market review with Private Wealth Advisor Gerry Roberts, followed by comments by Trust Administrator, Read Sawczyn on the ramifications of the CARES Act. Read the newsletter below. 2020 First Quarter Review & Commentary “I attribute …
2019 Fourth Quarter Review and Commentary
“Run for your life from any man who tells you that money is evil. That sentence is the leper’s bell of an approaching looter.” – Atlas Shrugged by Ayn Rand HAPPY NEW YEAR! The end of 2019 marked both an extraordinary year and decade for equity markets. In this quarterly letter, we will take time …
