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As always, if you have any questions or would like to have a conversation, please reach out to us or your portfolio manager. Disclosure: Cornerstone Advisory, LLC, is registered as an investment adviser with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration does not…

Will there be a recession? How long will it last? How will it impact markets? These questions are on the minds of most investors as the economy moves closer to recession and the business community prepares for year-end planning season. The good news is that there are ways to strengthen your financial position…

The eminently quotable Mike Tyson once said, “Everyone’s got a plan until they get punched in the face.” (In fact, he recently field tested this theory with an unruly fellow airline passenger.) This year, the market has been throwing vicious combinations at investors, including the war in Ukraine, a persistent global pandemic and rising interest rates.

British explorer Sir Ernest Shackleton once said “A man must shape himself to a new mark directly [after] the old one goes to ground.” While the investment landscape doesn’t resemble the fractured Antarctic ice that trapped Shackleton and his crew, investors would do well to heed his advice about being open to change. Why? Due to…

Travis Bickle, played by Robert DeNiro in “Taxi Driver,” Martin Scorsese’s gritty portrait of 1970s New York, said that “one of these days, I’m going to get organiz-ized,” quoting a humorous poster popular at the time. Add procrastination to the long list of reasons not to emulate Mr.Bickle…

At a recent virtual meeting of the Financial Planning Association of Maryland, Comptroller Peter Franchot offered his best- and worst-case scenarios for the Covid-19 pandemic and the state’s economy. If things go poorly, he said, new variants of the virus could…

2020 Contribution Limits Disclosure: Cornerstone Advisory, LLC, is registered as an investment adviser with the SEC. The firm only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration does not constitute an endorsement of the…

On January 1, 2020, the Setting Every Community up for Retirement Enhancement Act of 2019 (SECURE Act) went into effect putting many changes in place for retirement planning. ​ 1) Age for IRA Required Minimum Distributions Raised ​ Previously, individuals were...

Beginning in 2019, employees may contribute $19,000 per year to their 401(k) and 403(b) plans. Please reach out to your portfolio manager, if you would like to discuss your financial retirement plans.     As always, if you have any questions or would like to...

Wealth Management had the opportunity to interview Mike Gill, Portfolio Manager, and the investment committee of Cornerstone Advisory. ​ Wealth Management: What do you see as the key themes in today’s wealth management business…

Baltimore wealth management firm Cornerstone Advisory LLP plans to double its assets under management and move to new offices in 2017. Thomas N. Biddison III, a partner at the boutique downtown firm, said Cornerstone will complete a merger with Arnold-based…

Anyone who has spent any time on a boat understands the importance of preparedness. Nobody likes to spend their money on life preservers, flares, vhf radios, lifeboats or any of the other safety equipment because they likely will never be used. Calm seas and blue...

"Tom Biddison, co-founder of Baltimore wealth management company, Cornerstone Advisory, LLP, has always counseled his clients about the power of philanthropy. His advice took a very personal turn in 2007 when his daughter, Katelyn, was diagnosed as having Type I...

Thomas N. Biddison, III, Principal and Portfolio Manager of Cornerstone Advisory, LLP, was a featured on a panel at the Mid-Atlantic Credit & Hedge Fund Investor Forum in Washington D.C., discussing structured credit and fixed income strategies…

Cornerstone Advisory have started using structured note strategies that allowed them to create scenarios for growth, said Tom Biddison, principal at the Baltimore-based boutique wealth management firm, which last year launched a private placement…

The Baltimore wealth management firm is looking for up to 99 investors willing to put a potential minimum of $250,000 to $500,000 into the 3(c)(1) or private placement fund. The fund will create contracts with large banks that guarantee investors…

Thomas N. Biddison III, 38, is a principal with Cornerstone Financial LLP, an 18-employee, Baltimore-based financial planning, asset management and executive benefits firm. Cornerstone, which was founded in 1947, works with business owners and high net worth...

As investors, we all want to “buy low and sell high.” That’s easy to understand in principle, but very difficult in practice. Why is this so difficult? The answer is simple. For the average investor, 80% of investment decisions are based on emotion. As human beings,...

Talking heads and financial people love to espouse their knowledge of when to buy and sell in the stock and bond markets. Unless their crystal ball is working better than ours, we remain skeptical of their consistent success. Investing in stocks and bonds does not...