Commentary and Research Papers
August 14, 2026
2026
Two reported deals in the last two weeks told us the same thing: everything we own is worth more than we thought. Earlier this week, Fenway Sports Group agreed to sell roughly 30% of Liverpool at a reported $8 billion valuation. Later in the week, the Los Angeles Lakers changed hands at a $12.5 billion valuation—just fourteen months after the franchise sold for a then-record $10 billion. In less than a year, the highest price ever paid for an American sports franchise was surpassed by 25%.
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August 12, 2026
2026
As healthcare costs continue to rise and retirement planning becomes more complex, understanding the financial decisions that can protect your future is more important than ever.
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Financial Planning
July 23, 2026
2026
Qualified Charitable Distributions (QCDs) offer a tax-efficient way for individuals aged 70½ or older to support charitable causes directly from their Individual Retirement Accounts (IRAs). By transferring funds straight to a qualified charity, QCDs can satisfy required minimum distributions (RMDs) without increasing taxable income, making them an attractive strategy for those looking to reduce their tax burden while giving back.
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Commentary and Research Papers
July 22, 2026
2026
Markets spent much of the second quarter debating the usual subjects—rates, inflation, war, and the durability of the artificial intelligence trade. Our holdings, as ever, were busy with different questions: who qualified, who won, and who sold for how much. The Pinnacle Sports Portfolio returned +16.8% for the quarter, with the gains driven almost entirely by developments specific to the franchises themselves rather than anything the broader market supplied.
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Commentary and Research Papers
July 13, 2026
2026
The second quarter delivered an exceptionally strong rebound for equity markets, with U.S. stocks posting their best quarterly gains since 2020. While large-cap technology companies once again played a significant role in driving returns, market leadership broadened considerably. Small-cap stocks enjoyed one of their strongest quarters in years, while software companies recovered much of their first-quarter weakness. Strength also extended to several industrial and cyclical areas of the market. In contrast, energy, chemicals, utilities, and several consumer-oriented sectors lagged.
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Founded in 1984, Pinnacle Associates, Ltd. is a forward thinking, multi-billion dollar investment advisory firm focused on transparency and putting clients first. We provide advice to individuals and families, institutional investors and other financial institutions.
