Fort Pitt’s Financial Advisors, Daryl Patten and Skylar Riddle, CFP® host guest speaker Ken Ventresca to discuss financial planning for multiple generations. The presentation covers: Structuring your family’s wealth plan Preserving assets for the next generation Minimizing taxes Financial literacy for the next generation And more! Content is provided for educational purposes only. Opinions provided include endorsements of the products and services provided by Fort Pitt; however, they are not indicative of any specific client experience or testimonial.   Contact Us The pos ..read more

Whether you’ve received a large inheritance or won the lottery, staying alert and informed is important when you have gained sudden wealth. Rather than spending the money all at once or immediately investing it, you should be thorough and thoughtful about how you spend it and reserve your wealth. This guide explores what to do with sudden wealth and how to make the most of it. 1. Hire a Capable Team of Professionals A large sum of money requires careful thought and management, so it’s essential to avoid putting yourself, family members or friends in charge of all of it. It’s better to hire a t ..read more

Shake it off… U.S. equities rallied for a second straight quarter. The S&P Index advanced by 10.6%, posting the best performance to start a year since 2019. Similar to the fourth quarter of last year, returns were more evenly distributed with broader participation across market sectors. While the technology sector and “AI” stocks continued to perform well, we did see signs of a rotation into some of the laggards from 2023 – such as – the energy, financials, industrials, and healthcare sectors. From a fundamental standpoint, we see plenty of runway for this rotation into the previously unlo ..read more

Compounding interest is like a snowball rolling downhill. It starts small, but the more it rolls, the bigger and faster it gets. That’s the magic you can leverage to become a millionaire. Here’s how: Start Early: The key to supercharging your compounding is time. The earlier you start saving and investing, the more time your money has to grow exponentially. You can see exactly how this math works using our Retirement Savings Calculator. Let’s create a scenario where a 16-year-old starts saving just over $130 per month from his part-time job and puts it in a Roth IRA, for which there is no age ..read more

    Fort Pitt’s Financial Advisors, Daryl Patten and Cory Phillips, CFP®, CRPC host Ken Ventresca to discuss the realities of what happens to your money when you die. The presentation covers: What happens to investment accounts when someone dies without a will? What happens to their debt? To whom should you make the first call to figure it all out? What if my heirs are not good with finances? Does my will avoid probate? How does having a beneficiary on my account impact me or others? What is the difference between a beneficiary on an IRA and a Transfer On Death on a brokerage accou ..read more

    Fort Pitt Capital Group’s Financial Advisors Brad Newman, CFP® and Ian M. Eberle, JD, EA, as they cover tax-conscious investing and planning topics like: The importance of collaborating with your CPA Qualified vs Non-Qualified Savings Corporate vs Municipal Bonds Roth Conversions Tax Loss Harvesting How to avoid huge unrealized gains Capital gains vs dividends Tax-efficient charitable giving Options for business owners *Content is provided for educational purposes only.   Contact Us The post Tax-Conscious Investing and Planning appeared first on Fort Pitt Capital Group ..read more

The stock market allows investors to invest in high-quality companies each day. This is an effective way to grow your wealth over time, but several factors can affect how the stock market performs. It’s essential to be aware of how elections impact the stock market over the short term and what strategies you can implement for your investments to counteract stock market fluctuations. Stock Market Before Election Presidential elections happen every four years in the U.S., and leading up to election day, the stock market becomes more volatile. This volatility results from investor uncertaint ..read more

    Fort Pitt Capital Group’s Financial Advisors Myles Clements, CFP® APMA® CRPC®, and Ted Bovard discuss when and how to hire a financial advisor. Myles and Ted will cover frequently asked questions such as: Which advisor is right for me? When should I hire or change an advisor? What questions should I ask a financial advisor? What does the investment process look like? What does Fort Pitt’s client process look like? *Content is provided for educational purposes only.   Contact Us The post When to Hire (or Fire) an Advisor appeared first on Fort Pitt Capital Group ..read more

    Fort Pitt’s Financial Advisors, Skylar Riddle, CFP®, and Richard Roberto, CFP®, host Partner and Chief Investment Officer Daniel T. Eye, CFA®, Senior Investment Analyst Brian Jankowski, CFA®, and Investment Analyst Christopher Barto as they share how our team decides what stocks we add to our clients’ portfolios. They will cover your questions on the following topics: Fort Pitt’s investment philosophy The types of stocks or companies Fort Pitt likes to invest in Stock selection process Portfolio structure/construction What drives your decisions to sell stocks? How to manage ris ..read more

After three consecutive quarters of positive returns, stocks pulled back in the third quarter with the S&P 500 Index declining 3.3%. Other asset classes, such as small/mid-cap stocks and international equities posted slightly larger declines. Attributing the quarterly pullback to poor economic data or disappointing corporate earnings results would be difficult. Recent economic data points and earnings releases have generally been strong and better than expected. The weakness in risk assets was a result of the sharp and rapid spike in interest rates that occurred in the quarter. Increase i ..read more