by David Lieberman When we wrote our last C19 memo on June 8, we had expected C19 cases to continue a gradual decline. Instead, states with lower case counts reopened early, people were surprisingly complacent, and cases have actually increased sharply in select states, even as cases continued to fall in what had previously been high...Read More

by Kevin Kelly Portfolio Manager During the first half of 2020, fixed income yields moved substantially, behaving far more volatile than normal and deviating from historical levels of normal volatility (perhaps the understatement of the year!). Consequently, almost every fixed income portfolio has seen the widest swings in principle values since the Global Financial Crisis. All...Read More

by John Bruggemann CFP, Wealth Advisor Most clients are familiar with the various tax-advantaged vehicles we all utilize – IRAs and 401K plans for retirement and 529 accounts for college savings. However, many are not familiar with a tax-advantaged savings plan focused specifically on healthcare expenses, which is a Health Savings Account, or HSA. Many employers...Read More

by David Lieberman Managing Partner, Portfolio Manager Summary United States • The US passes 2M cases but the daily case growth rate falls below 1%. • Cases are climbing in about 20 states including CA, FL, TX, MA, NC, TN, SC, UT, WA, GA, AK, AZ, KY, NM. But this is largely not reflected in an...Read More

by ACM Wealth ACM Wealth Administrator What a difference a month makes. Not only has the S&P 500 recouped much of its losses since late March, but the economic data is starting to turn positive. The pandemic is still with us, but we are learning how to live with it. A vaccine may yet be many...Read More

by David Ruff CFA, Global Portfolio Manager With COVID-19, ongoing trade issues, and now riots, many equity investors are asking if equities worldwide have disconnected from reality. The U.S. and Europe, hardest hit by the pandemic, are still dealing with ongoing economic challenges. Investors also worry as tensions between the U.S. and China, the world’s two...Read More

by Jeff Deiss CFP, AEP, Wealth Advisor With school out and summer jobs re-emerging after the shutdown, we thought we’d share some info on how you can provide some additional financial motivation and perhaps give your kids/grandkids a bit of an education at the same time. You can open a Roth IRA in the name of...Read More

by Matthew Terzian, CFA, CFP “…In this world nothing can be said to be certain, except death and taxes.” Benjamin Franklin, 1789 The longer one participates in the workforce the louder this quote rings true on the tax front. And unfortunately, the longer one lives, they can relate more and more on the death front,...Read More

by Joseph Pecoraro It’s the job of the wealth advisor to read between the lines of what our clients are saying to understand what they really mean. Recently, a “financial plan” has been something more clients have been asking for without ever asking for it. For instance, a client stated in a conversation that they are...Read More

Why Is the Market Rallying While the Economy Is Collapsing? by Dr. Charles Lieberman Chief Investment Officer Observers are trying to reconcile the sharp rally in the stock market even as the data show that economic activity has declined dramatically. It is natural to ask how the market can only be down a little more than...Read More