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
2020 Q1 Shareholder’s Letter
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 …
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.
Market Update: Coronavirus overview
Recent global impact the coronavirus (COVD-19) is having on both the economy and capital markets. FineMark would like to share our views on the global impact the coronavirus (COVD-19) is having on both the economy and capital markets. This morning we learned the Federal Reserve took the extraordinary action of cutting the fed funds rate …
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 …
Intro to the SECURE Act | Retirement Plan Legislation
On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement Act (“SECURE Act”) into law. The SECURE Act was signed in the middle of the holiday season and was tucked into a 1,700 page, $1.4 trillion act that will fund half of the government for the remainder of fiscal year …
