How to Transfer Ownership of a Family Business

You have worked hard to build your business. Now, you are considering passing down your legacy to the next generation. As you plan to transfer ownership, you should enjoy a sense of pride in your accomplishments and hope for the future of your business and your family. It is also natural to feel concerned about handling the transfer and uncertain about how it all works.[...] Continue reading

Sudden Wealth Syndrome

Although everyone wishes to be wealthy, your wealth can be troublesome if it is sudden. The overnight millionaire could be having more troubles than you can imagine. Sudden wealth can cause anxiety, stress, and confusion. If you find yourself in this situation, you may even feel helpless. How do you navigate the problems of sudden wealth syndrome? Professional wealth[...] Continue reading

Electionomics

    Fort Pitt’s Financial Advisor, David Plante, CFP®, hosts a panel of economic analysts and political experts to conduct a nonpartisan discussion about the impact of elections on financial markets. They will answer questions about the following topics: How policies impact different business sectors How the philosophies of each party can[...] Continue reading

Investment Newsletter Third Quarter 2024

Broadening... Equity markets quickly recovered from an ~8% decline in early August to finish the quarter at a new all-time high. In sharp contrast to the previous quarter, Q3 performance results were well distributed across market sectors and capitalization ranges. The market capitalization weighted S&P 500 Index, which is heavily influenced by the concentration to[...] Continue reading

Guide to ERISA Compliance

Most private employers providing retirement and healthcare benefits must comply with the Employee Retirement Income Security Act of 1974 (ERISA). However, achieving the requirements is challenging for most companies. This guide will discuss what ERISA entails and the available plans. We will also address some standard requirements, the role of fiduciaries, common[...] Continue reading