Fort Pitt, which joined Focus as a partner firm in 2015, has a team that has been dedicated to delivering comprehensive financial advice to clients for nearly three decades. Fort Pitt has a holistic approach to fiduciary wealth management and is committed to providing clients with outstanding service and tailored portfolio management solutions.

Through this transaction, Fort Pitt will gain access to Kovitz’s extensive suite of tools and expanded investment capabilities. Kovitz will be joined by Fort Pitt’s talented leadership team and growth-oriented advisors. Upon completion of this transaction, Fort Pitt is expected to add approximately $5.9 billion, measured as of June 30, 2024, to Kovitz’s regulatory assets under management.

“Since 1995, our team has grown tremendously in both the employees we support and the clients we are fortunate to serve,” said Theodore Bovard, Founding Partner and CEO of Fort Pitt. “Becoming a part of Kovitz will be the latest milestone in our ongoing mission to expand and enhance our capabilities, which will enable us to better meet the complex and evolving needs of our clients.”

“At its core, Fort Pitt is a firm committed to putting its clients first; and this key tenet of their business has helped them attract top talent that excels in delivering meaningful investment and financial planning services,” said Mitchell Kovitz, CEO of Kovitz and Vice Chairman of Focus. “We are thrilled to have this talented team join our firm and look forward to gaining access to even more capabilities and expertise for our own clients.”

“Fort Pitt and Kovitz are two firms that have long, proven track records of client service excellence,” said Michael Nathanson, CEO of Focus. “We are excited about what their teams will accomplish together as they expand Kovitz’s presence nationally and into the Pennsylvania wealth market.”

# # #

About Focus Financial Partners Inc.

Focus is a leading partnership of fiduciary wealth management firms and related financial services firms. Focus provides access to best practices, resources, and continuity planning for its affiliated firms, which serve individuals, families, employers, and institutions with comprehensive financial services. Focus firms benefit from the synergies, scale, economics, and best practices offered by Focus to achieve their business objectives. For more information about Focus, please visit www.focusfinancialpartners.com.

About Kovitz Investment Group Partners, LLC

Kovitz is an investment adviser headquartered in Chicago, IL. Kovitz provides investment and wealth management solutions to high net worth individuals, institutions, and private funds. Kovitz has been part of Focus since 2016. For more information about Kovitz, please visit www.kovitz.com.

About Fort Pitt Capital Group, LLC

Fort Pitt is an investment adviser that provides trusted, strategic investment and wealth management solutions to both individuals and institutions. Tracing its origins back to 1995, Fort Pitt’s philosophy has remained steadfast: preserve capital while maximizing growth and income. Earning and keeping their clients’ trust is central to the Fort Pitt team. For more information about Fort Pitt, please visit www.orchid-ibex-388317.hostingersite.com.

Media Contact

Prosek Partners pro-focusfinancial@prosek.com

The post Fort Pitt Capital Group to Join Kovitz appeared first on Fort Pitt Capital Group.

Interest rates in Europe and Japan

Central Banks in Europe and Japan have aggressively pushed interest rates below zero to stimulate their economies. It’s not clear if they recognize the profound deflationary effects of their policies. Savers are forced to save more to make up for low or negative rates, and banks run the risk of disintermediation (people putting cash under the mattress or buying gold), if rates are pushed far into negative territory.

Infrastructure in China

The China boom in the period 2005 to 2015 was largely driven by “infrastructure” investments such as railways, roads and airports. This boom has since ended. China can still be a destination for further investment, however. Investors just have to look outside the infrastructure sector. If China is going to make a transition to a consumer-led economy, they will need plenty of investment in retail, services, leisure, medical, etc.. Much of this investment is likely to be technology, telecom and “fulfillment” oriented.

The global economy is ever changing. While we don’t spend too much time here at Fort Pitt ruminating on issues evolving an entire world way, we know that technology makes our earth an ever smaller marble each day. We need to pay attention, so we do.

The post What in the world is going on in the global economy? appeared first on Fort Pitt Capital Group.

Investment potential

Odd ducks can be great investments, but companies doing very outlandish things are ones to avoid. It’s important to stick to companies with revenues and earnings that may be out of the limelight, but that have a business model you can understand. You should be able to understand what a company is doing for you to want to put your money into it!

Understanding odd ducks

The most important thing when dealing with odd ducks is to understand what needs to go right for the company to gain traction against investors. If the opportunity is too small or unlikely to gain investors, we’d advise to pass on the risk. Retail investors love a fast-growing company, but once the growth stops investors quickly move on—there’s a long road to continual company growth.

Microsoft is one company that shocked investors, many investors counted the company out and look where it is now! Once in the trash bin of most investors, today investors better understand the company’s customer base and likelihood for growth.

How to spot good odd ducks

We love B2B companies as odd duck investments, especially within the world of technology. Tech companies like IBM, CA and NTCT offer software systems and networking technology that help run datacenters. Although these companies aren’t out of sight of the ordinary investor, they also aren’t the retail companies that are discussed every day. These types of products are fundamental for business operation and are the type of odd ducks we find as strong investments.

The post Ugly Duck Investments Can be a Beautiful Thing appeared first on Fort Pitt Capital Group.

Check out the full version of the article, which has been uploaded to IA’s website, here.

The post Investment Advisor magazine spotlights FPCG appeared first on Fort Pitt Capital Group.