Over the past few weeks, there has been a flurry of media attention around the Federal Reserve’s decision to cut interest rates by 25 basis points. This is the first time the U.S. economy has experienced a rate cut in over a decade. However, many consumers and investors are unaware…
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Compliance Corner: Pennsylvania Department of Banking and Securities Elder Abuse Lunch & Learn
Here at Fort Pitt, we take pride in being proactive learners and doing our best to stay up to date on new ways that we can better serve our clients. Last week, Katrina Boyer from the Office of Investor Education and Consumer Outreach, a division of the Pennsylvania Department of…
Employee Spotlight: Linda Miller
There’s a new face at Fort Pitt! Linda Miller recently joined our team as a retirement plan specialist. For this edition of employee spotlight, we chatted with Linda about her job, her family and her travels. Read on to learn about one of our newest employees! What are your main…
Financial priorities for early 20-somethings
Being a young adult in your early 20s is an exciting chapter likely filled with elements of change and added responsibility. Going from college to the working world, and having a steady paycheck, means financial planning should come to the forefront. For 20-somethings to set themselves up for future success,…
Roof Advisory Group to join Fort Pitt Capital Group
We’re excited to announce that Roof Advisory Group, based in Harrisburg, PA, is joining Fort Pitt! As of August 1, each firm agreed to the merger, which is expected to close in the fourth quarter of 2019, subject to customary closing conditions. Founded by Jeff Roof in 1998, Roof Advisory…
Charlie’s month-end reading list
Here are some of the latest topics of interest at Fort Pitt Capital Group: “Escaping Poverty - Not Inequality - Is What Matters,” comes from Mises Institute. The history of economic progress shows that luxuries become necessities over time. Cell phones are a great example of this. The second article,…
Make your holiday spending less scary and start saving now
With the holidays still six months away, you’re probably not ready to begin thinking about holiday shopping. But if you stop and do just that, you’ll realize the advantages of planning your budget ahead of time. The holiday season can be an extremely stressful time for reasons we’re all familiar…
Negative rates in Europe – We all fall down
The second quarter of 2019 was interesting for fixed income. The U.S. economy continued to do well, as job growth continued, and the unemployment rate dropped. Contrary to conventional wisdom, however, interest rates didn’t rise in response - they fell. Why did this happen? Well, global growth slowed, and the…
Our 2020 vision
Given that the stock market generally discounts events at least 6 months in advance, summer is the time for judging the upcoming market year. Investors are turning their focus to 2020 - particularly prospects for world economies, corporate earnings and interest rates. There are four major economic factors driving market…
Compliance Corner: What is the SEC’s Regulation Best Interest?
On June 5, the Securities Exchange Commission (SEC) voted on a new regulation known as Regulation Best Interest (Reg BI). The purpose of this new rule is to place a standard on broker-dealers that is stronger than the suitability standard they’ve had to adhere to in the past. In addition,…