Read FineMark’s Fourth Quarter Shareholder’s Letter from the President, Joseph R. Catti. DEAR VALUED SHAREHOLDERS, On behalf of FineMark Holdings, Inc. – the Board of Directors, the executive management team and all of our dedicated associates – I am pleased to report on the company’s performance for the first quarter of 2020. FineMark Holdings, Inc. …
CARES Act and Your Retirement Plan
Due to the impact of COVID-19 on the United State’s economy, Congress passed the CARES Act to assist businesses and individuals weather the economic downturn. While the focus of the Act revolves around economic stimulus such as cash payments, increased unemployment benefits to individuals, grants, loan relief, and forgivable loans to businesses, also included in …
GRAT Planning Benefits from Low Interest Rates and Decreased Market Values
While COVID-19 has created many problems for the financial markets and our clients, the low interest rate environment and the ongoing market volatility make this an appropriate time to consider Grantor Retained Annuity Trusts in your estate planning. A Grantor Retained Annuity Trust (“GRAT”) is a trust that allows you to transfer wealth to the …
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 …
Safeguarding Your Identity During Tax (Scam) Season
For most Americans, a typical tax season is stressful enough. Coupled with current pandemic concerns, the 2020 tax season could provide the perfect environment for fraudsters deciding to prey on distracted citizens. FineMark’s latest blog post highlights the season’s most popular tax scams and shares three tips to protect your identity. On March 18, 2020, …
Setting Up a Record-Keeping System
We all know it’s important to keep certain records handy. But which documents are most important, how long should they be kept, and where is the best place to store them? This FineMark blog post takes the guesswork out of good record keeping. During this unprecedented time, many Americans are finding comfort in completing small, …
Credit Cards vs. Debit Cards: Which Offers Buyers the Most Protection?
When making online purchases, does using a debit card vs. a credit card make a difference? In its latest blog post, FineMark shares which type of card delivers purchasing protection and peace of mind. Although credit cards and debit cards may look alike, each type of card possesses a unique set of purchasing features. The …
Coronavirus Update: FineMark’s Plan
A letter from the President & CEO, Joseph R. Catti Updated 03-19-2020 FineMark’s highest priority has always been, and will continue to be, to provide exceptional service to our clients. As the coronavirus (COVID-19) disrupts life as we know it, we are making every effort to maintain this level of service, while being mindful of …
Online Services and Mobile Banking Setup
FineMark’s online access and mobile banking services offer unlimited access to view and manage your banking, investment and trust accounts at any time. Online Access for Personal Online Banking HOW TO ENROLL: To establish online banking (click here to sign up) On the upper right hand side of the home page you will find “Online …
FineMark Market Update: Market Volatility Continues
Published article by: Christopher Battifarano, Chief Investment Officer Updated 03/16/2020 U.S. markets ended the day deep in the red over fears of the coronavirus and the uncertainty of the effects on our economy. The S&P 500, Nasdaq and the Dow each closed approximately 12% lower for the day. Earlier today, FineMark’s investment policy committee met, …
FineMark’s CIO, Christopher Battifarano, quoted in Think Advisor
FineMark’s Chief Investment Officer was recently quoted in Think Advisor. FineMark’s Chief Investment Officer, Chris Battifarano was recently quoted in Think Advisor. Although a recession is not expected in 2020, Battifarano and others still believes diversification is the key to a robust portfolio. Click here to view the full article on Think Advisor.
Coronavirus Phishing Attacks On The Rise
Cybercriminals are taking advantage of the public’s desire to learn more about the outbreak. Norton™ recently published this article regarding scams and what to do if you receive a phishing email or phone call. Notification provided by Norton™ LifeLock. CYBERCRIMINALS ARE USING CONCERNS ABOUT THE CORONAVIRUS TO LAUNCH PHISHING ATTACKS What is Happening? While COVID-19, …
