Blog

For the second consecutive year, Eagle Ridge raises funds for cancer research through participation in a Swim Across America event These times are filled with uncertainty, but one thing remains true: groundbreaking cancer research needs funding to save lives. Despite the enduring Global pandemic, Swim Across America Fairfield County forged ahead to “make waves to fight cancer.”  Rather than the traditional large group swim, this year’s participants completed a “Personal Challenge 2020” either individually or as part of a small group. Eagle Ridge and Team Wave Riders rose to the…

Eagle Ridge Investment Management, LLC is very pleased to announce that Lynn R. Najman, CFP® will be joining the firm as a Personal Financial Strategist. Lynn comes to Eagle Ridge after many years of successfully running her own firm, LRN Associates.  She will continue to be directly involved in client relationships, providing financial planning and portfolio management.  Additionally, Lynn looks forward to the added flexibility that working with a larger team will allow.  She plans to deepen her commitment to helping empower women through financial education and mentoring.  With more…

Two forces suggest that tax rates will increase in the coming years.  First, the economic impacts from the Coronavirus have caused fiscal budget deficits at the national and state/local levels to explode.  To prevent a deterioration in services, tax revenues will have to increase.  The second force pushing taxes higher is social: income and wealth disparities between the wealthy and poor have increased to levels not seen since the gilded age.  Many believe the way to correct this imbalance is to tax the wealthy at higher rates and distribute the…

The dominant storyline of 1st quarter bank earnings was the massive build in Current Expected Credit Losses (CECL). Banks take these charges against net income to build reserves in anticipation of loans going sour in the future. This storyline persisted into 2nd quarter earnings as banks continued bolstering these reserves to a level in excess of analysts’ expectations. It should be noted that these are reserves, not actual charge offs, as delinquencies have only grown nominally.  The true cash impact to a bank will not be known until there are…

Where We Stand The novel coronavirus has upended our lives to such an extent that it feels as though we have crammed a decade’s worth of life into the last few months. The pandemic has caused widespread economic instability and fostered conditions leading to social unrest. All levels of government have responded with orders to slow the spread and mitigate the harm caused by mass joblessness. The securities’ markets have gyrated wildly, as investors reallocate their capital to preserve assets and grow where new opportunities arise. Given these developments, it…