Thinking about investing in cryptocurrency? Check out the article attached from Fort Myers Florida Weekly that features FineMark‘s, Andrew Potter and our thoughts on cryptocurrency as a long-term investment strategy. Interested in learning more about cryptocurrency? Stay tuned for a deeper dive on this topic next week when we release our latest video installment discussing …
Is it too late to make a gift of my exemption?
That is the question we have been hearing from clients for the last few months that are still on the fence about gifting their unused exemption amount. The hesitation is justified after all, gifting a sizable amount of wealth should be carefully considered. We saw a flurry of activity at the end of last year …
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 …
2021 Q1 Shareholder’s Letter
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 2021. FineMark Holdings, Inc. (the “Holding Company”; OTCQX: FNBT), the parent company of FineMark National Bank & Trust (the “Bank”; …
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 …
FinTech Risks and Realities
FinTech is a term broadly used to describe technology-driven financial products or services designed to provide innovative solutions for business and consumers. This encompasses not only startup companies, but large financial institutions and big tech companies. FinTech examples include the privately owned trading app Robinhood, digital payments system PayPal (PYPL), and the Apple (AAPL) credit …
2020 Q4 Shareholder’s Letter
DEAR VALUED SHAREHOLDERS: On behalf of everyone at FineMark Holdings, Inc.—the Board of Directors, the executive management team, and all of our dedicated associates—I am pleased to report on our performance for the fourth quarter and the full year 2020. FineMark Holdings, Inc. (the “Holding Company”; OTCQX: FNBT), the parent company of FineMark National Bank …
Planning in Uncertain Times
What do Jimi Hendrix, Bob Marley and Abraham Lincoln have in common? Unfortunately, this is not the beginning of a bad joke. All three of these famous individuals died with no estate plan in place and decades of litigation ensued among both Hendrix’s and Marley’s family members. There are steps you can take now to …
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 Q3 Shareholder’s Letter
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 third quarter of 2020. FineMark Holdings, Inc. (the “Holding Company”) (OTCQX: FNBT), the parent company of FineMark National Bank & Trust (the “Bank”) …
Investing in Gold: Separating Fact from Fiction
The current economic environment of burgeoning fiat (government-backed) currencies and near-zero (or negative) interest rates has revived gold’s attraction as an investment option. This white paper explores the historical link between gold and the U.S. dollar, provides a contemporary context for the metal’s recent resurgence, and charts a path for its future. A BRIEF HISTORY …
3 Estate Planning & Tax Considerations During COVID-19
The fallout caused by the Covid-19 pandemic has brought to the forefront some important estate planning and tax considerations. We would like to discuss three that we think could impact our clients. First among those is the importance of advance health care directives. Second are the recent changes to retirement plan required minimum distribution rules …
