The S&P 500 peaked in late January at just over 7,000 while gold touched $5,595 per ounce. The Iran war-induced volatility caused a nearly 10% drawdown on the S&P 500 from its peak, closing -4.3% as of quarter end. On February 28th, the U.S. military launched Operation Epic Fury in coordination with Israel with the goals of preventing Iran from developing nuclear weapons and regime change. The conflict sparked a …

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Fortis will serve as the cornerstone of a new, dedicated Emigrant business unit delivering specialized non-investment family office services to ultra-high-net-worth families and RIAs  MIAMI, FL — March 4, 2026 — Emigrant Bancorp, Inc. (“Emigrant”), the parent company of Emigrant Bank, announced today that it has entered into an agreement to acquire a majority interest in Fortis Management Group LLC, based outside of Boston, MA. Fortis is a leading provider …

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The year ended on a high note as stocks closed near all-time highs, while 10-year bonds rallied about 60 basis points from 4.80% to end at 4.17%. The imposition of massive global tariffs upended financial markets in April 2025, causing deleterious and cascading effects on the economies of U.S. trading partners. The tariff disruption also caused demonstrable political repercussions with major trading partners such as Canada, China, and the European …

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The second quarter was a period of chaotic equity market volatility following “Liberation Day” where President Trump announced sweeping reciprocal tariffs of 50%+ for some nations with a floor of 10% for all. The equity market’s immediate reaction was a 12% sell-off in a matter of days with the S&P 500 crossing below 5,000 and the VIX soaring to a high of 60. The magnitude of VIX spike was similar …

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 The second quarter was a period of chaotic equity market volatility following “Liberation Day” where President Trump announced sweeping reciprocal tariffs of 50%+ for some nations with a floor of 10% for all. The equity market’s immediate reaction was a 12% sell-off in a matter of days with the S&P 500 crossing below 5,000 and the VIX soaring to a high of 60. The magnitude of VIX spike was similar …

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CLEVELAND, OH – Cleveland Private Trust Company is pleased to announce the appointment of Linda Olejko, CFP®, CEPA, as its new Chief Executive Officer. With more than 25 years of experience advising high-net worth individuals and families, Linda brings a proven track record of leadership grounded in integrity, deep listening, and strategic execution. Linda has built her career guiding clients through some of life’s most pivotal transitions-selling a business, navigating …

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We outlined four factors in January: tariffs, taxes, immigration and deregulation that would drive markets in the first half of the year. Tariffs have clearly proven to be the most significant wildcard of 2025. The S&P 500 topped in February, up 4.6% to 6,144 but, ended the quarter down -4.3% to around 5,600. The tech-focused NASDAQ 100 fared worse, down -8.1%, whereas European markets were a bright spot, snapping up …

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