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 …
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 Q2 Shareholder’s Letter
Read FineMark’s 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 second quarter of 2020. FineMark Holdings, Inc. (OTCQX: FNBT), the parent company of …
2019 Annual Report
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