OfficeHours

JULY 11, 2023

If you can really nail valuation questions but struggle with regulatory questions, make sure you can get all the valuation questions right to maximize your points there. The SIE was first introduced in 2018 as a mandatory exam for people seeking to be employed in the securities industry. 4 = 6.125x Revenue, what was NTM?

Investment Banking 130

Investment Banking Bank Banking Middle Market 130

OfficeHours

JULY 11, 2023

The SIE, or Securities Industry Essentials exam, is a comprehensive introductory exam created and administered by the Financial Industry Regulatory Authority (FINRA) in the US. The SIE was first introduced in 2018 as a mandatory exam for people seeking to be employed in the securities industry. What are the SIE and Series exams?

Investment Banking 100

Investment Banking CFA Bank Banking 100

FineMark

JANUARY 17, 2024

FIGURE 2 Source: Strategas Securities LLC Following the oil shocks of the ‘70s and the breaking of double-digit inflation by then Fed Chairman Paul A. FIGURE 3 Source: Strategas Securities LLC Another key factor in future equity market performance is valuation. history was born. We look forward to seeing you soon!

S&P 52

S&P Equities Valuation Investment 52

FineMark

JANUARY 20, 2023

Deglobalization The world is moving into a period where national security is taking precedence over economic growth. The phenomenon is likely to play out over several years with various ramifications, including valuations. These views help us determine how to tactically shape and allocate our clients’ portfolios.

Economics 52

Economics Portfolio Equities Investors 52

FineMark

OCTOBER 17, 2023

FIGURE 3 Source: Strategas Securities LLC Our Current Tactical Positioning As you review our current positioning in Figure 4, below, you’ll notice our perspective hasn’t changed since our last letter. To secure that higher income for the future, we’ve begun to extend portfolio duration. We’re always happy to help!

S&P 52

S&P Investment Portfolio Corporation 52

FineMark

APRIL 13, 2023

These two factors paint a valuation picture that is less attractive than it had been. The only change in this positioning from our last quarterly letter was our decision to cut our overweight position in large cap US equities to neutral weight. We appreciate the opportunity to assist you and thank you for your continued trust and confidence.

Bank 52

Bank Banking Investment Economics 52

FineMark

JULY 13, 2023

FIGURE 4 Source: Strategas Securities LLC Our Current Tactical Positioning Our current views are expressed in Figure 5, below. With the risk of a recession still looming, we remain defensive when considering market valuations and our outlook for a deteriorating macro view. Thank you for your continued confidence and trust in us.

S&P 52

S&P Bank Banking Investment 52