“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
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, …
