Broker-Dealer vs. Registered Investment Advisor (RIA)

What Is a Broker-Dealer? A broker-dealer (BD) is a firm that buys and sells securities for its own account on behalf of customers. BDs act on behalf of customers in their brokerage capacity by buying and selling securities for them. They act as a dealer when buying securities for their own account. BDs provide market liquidity by ensuring a buyer for every seller and a[...] Continue reading
30 August, 2021

Active vs. Passive Management

When choosing how to invest their assets, investors can choose one of two main strategies: active management or passive management. These strategies are very different and may result in vastly different investment performances. Understanding the difference can be crucial to picking the right strategy based on your circumstances, needs, and risk tolerance. What Is Active[...] Continue reading
27 August, 2021

What Is a Mutual Fund?

Mutual funds are essentially a collection of money compiled from multiple investors. The money is pooled together and professionally managed and invested in things like stocks and bonds according to the investment objectives of the fund itself. Each fund has its own investment objectives and risks as outlined in the prospectus. You can choose the mutual fund that fits[...] Continue reading
24 May, 2021

Scouting report: Potential winning sectors

With the NCAA Tournament in full swing, we wanted to review the top four sectors that we believe are in contention for the big “W” this year. While we invest for the long term, we also know each year comes with winners and losers. Our picks for this year? Technology, Communications, Industrials and Healthcare. While we see a lot of promise in these sectors, we know[...] Continue reading
2 April, 2019

Compliance Corner: Name Trusted Contact to Help Protect Against Elder Abuse

Financial elder abuse is a frightening thing, and not something many people expect to deal with or plan for. At Fort Pitt we’re fiduciaries, which means we act in our clients’ best interest. We’re encouraging everyone to set up “trusted contacts” with their custodian (i.e., Charles Schwab, Fidelity, TD Ameritrade) after the passage of a recent FINRA rule. Your[...] Continue reading
26 March, 2019

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