From the Desk of the CIO

US corporations are sitting on a gigantic PILE of cash September 29, 2021 Despite what the beautiful lyrics might say, it’s money and not love that makes the world go ‘round.  Cash drives everything: investment, hiring, capital expenditure, stock buybacks, dividends, M&A activity etc. etc. etc.  It’s all about cash, who’s got it and how are…

From the Desk of the CIO

Friday is ‘non-farm’ Labor Day September 2, 2021 All eyes on Friday’s non-farm payroll report.  Expectations are for a +725k gain, but yesterday’s anemic ADP private payroll data of just +350k private job additions for August could possibly be setting the market up for a disappointment. Here’s a classic example of when “bad” is “good”…

New Market Cycle

We are now nearly seventeen months into a global pandemic battle, a battle no one foresaw.  The history books will ultimately have the final say on this crisis, along with a better perspective on its ultimate social and financial costs.  Thankfully we are much closer to this episode being over and hope that everyone’s family…

succession success

Our Own Succession Success

Throughout our past blogs, there is a consistent and recurring theme when we talk about succession planning—time—which is where our own succession story begins. Pinnacle Advisory Group’s three founding partners began planning for the firm’s succession and their own exit about ten years ago. The initial driver for starting the process of succession planning was…

Pinnacle Advisor Solutions Acquired by Congress Wealth Management, LLC

We are pleased to announce the acquisition of Pinnacle Advisor Solutions by Congress Wealth Management, LLC, an independent RIA headquartered in Boston, Massachusetts with seven offices across the country. Pinnacle Advisor Solutions (PAS) was founded to support the independent advisor, by providing business solutions and resources to help achieve their goals. Our mission remains the…

Are You Like Jeff Bezos?

Recently, Jeff Bezos, founder of Amazon, announced that he will be stepping down as CEO of retail giant Amazon after 27 years to focus on other passions.  Maybe the events and uncertainty of the past year has you thinking about Mr. Bezos and thinking its time for a change? If so, you are not alone. …