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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July 10, 2026
2026
Last fall, we introduced readers to Trump Accounts, a new type of investment account created by the One Big Beautiful Bill Act ("OBBBA") to help children get an early start on building wealth. At the time, many of the implementation details were still being finalized and families could not yet open accounts.
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April 16, 2026
2026
Markets entered 2026 on relatively stable footing, but the first quarter proved more uneven beneath the surface than headline index performance suggested. The S&P 500 declined modestly, marking its first negative quarter after three consecutive gains, while the Nasdaq fell more sharply. In contrast, smaller-cap stocks held up better, with the Russell 2000 finishing slightly higher and the equal-weighted S&P 500 posting a small gain, reflecting a less concentrated market environment than investors have grown accustomed to in recent years.
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January 13, 2026
2026
Equity markets closed 2025 with solid gains, extending a run that now includes three consecutive positive years for U.S. stocks. For the full year, the Dow Jones Industrial Average rose nearly 13%, the S&P 500 gained more than 16%, and the Nasdaq Composite advanced just over 20%. While returns were broadly positive, market leadership once again skewed toward the largest companies, with the equal-weighted S&P 500 still trailing the cap-weighted index by a wide margin.
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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.
