Latest news with #JasonKatz
Forbes
18-05-2025
- Business
- Forbes
The Evolution Of Financial Advisors: From Generalists To Specialized Strategists
Written by Jason Katz, Private Wealth Advisor and Managing Director at UBS Financial Services; and Jordan Ricciardi, Senior Wealth Strategy Associate for Katz Wealth Management UBS Financial Services 'If you don't evolve you will die' – Marcus Lemonis. While that quote sounds harsh it is exactly right and if there is one thing I have learned in my 30 years as a financial advisor it is that if you're not evolving you are falling behind. We are far from the day in age when picking up the phone to pitch a stock is value add for our clients. The role of a financial advisor has evolved to become a one stop shop for all financial needs whether that be estate planning, financial planning, risk management or structured solutions. In the past, financial advisors were often seen as generalists—providing a standard suite of investment advice and retirement planning for a broad clientele. But as wealth demographics have shifted, and client expectations have evolved, so too has the role of the financial advisor. Today, the most successful advisors are those who combine financial acumen with deep insight into the unique needs of specific client segments. This progression from broad-based advising to niche-focused service has not only helped advisors better serve their clients—it has also proven to be a smart business strategy in a competitive and rapidly changing industry. From Product Peddlers to Holistic Partners—The emphasis used to be on transactions rather than long-term relationships. But the rise of fee-based advisory services, coupled with clients demanding more transparency and value, has pushed the profession toward a more holistic and fiduciary approach. Modern advisors are now expected to serve as trusted partners who guide clients through every stage of life—from wealth accumulation and tax planning to estate strategies and intergenerational wealth transfers. This shift has required not only broader technical skills but also a higher level of emotional intelligence. Why Specialization Works? In a world where clients can access low-cost investment solutions through roboadvisors and online platforms, human advisors must differentiate themselves by offering tailored, high-touch services. One of the most effective ways to do this is by specializing in client segments with distinct financial needs, values, and life experiences. These are some segments where I have found targeted advising has proven particularly effective – High-Net-Worth Individuals (HNWIs) High net worth individuals often possess complex financial lives that demand highly customized strategies. Their wealth is frequently tied to illiquid assets like privately held businesses, real estate portfolios, or private equity holdings. Advisors working with this segment must go far beyond traditional portfolio management—they must navigate estate planning, tax efficiency, charitable giving, and succession planning with precision and foresight. Moreover, HNWIs expect white-glove service and bespoke solutions that align with their lifestyle and legacy goals. Advisors who can offer a family office experience—integrating financial, legal, and generational planning—are uniquely positioned to retain and grow relationships with these clients. Building trust, maintaining discretion, and coordinating across multiple stakeholders is key to success in this as Wealth Decision-Makers Women now control more wealth than ever before, and this trend is accelerating. According to McKinsey, women are set to control $30 trillion in financial assets by 2030 in the U.S. alone.[i] Advisors who specialize in working with women understand that financial goals often encompass security, legacy, and values-based investing. They take a more collaborative approach focusing on education, long-term financial planning and life transitions such as divorce, widowhood or caregiving. UBS's focus on women's wealth has allowed me and my team to cater to what's most important to our female investors and their and Entertainers High-earning individuals in sports and entertainment face a unique set of financial challenges: irregular income, short career spans, and the ever-present risk of financial mismanagement. Advisors serving this niche must understand contract structures, image rights, and the complexities of managing fame alongside wealth. These clients often require a team-based approach that includes legal, tax, and brand management services. Advisors who can build trust and act as a central coordinator for these services are invaluable—and often become long-term partners even after the spotlight fades. The Next Generation of Investors Millennials and Gen Z are inheriting trillions in wealth through the Great Wealth Transfer, yet they approach money differently than previous generations. They value technology, social responsibility, and financial education. Advisors targeting this group must embrace digital tools, sustainable investing strategies and transparent communication. They're also expected to act as educators, helping younger clients navigate student debt, career transitions, and first-time home purchases. Establishing relationships early can lead to decades of client loyalty, especially as these investors mature and their financial needs grow in Future is Personal As financial advisors continue to evolve, the industry's future lies in personalization and specialization. Technology and automation will handle routine tasks, but the human touch (especially one informed by a deep understanding of a client's identity and values) will remain irreplaceable. Advisors who embrace specialization not only stand out in a crowded marketplace but also build stronger, more meaningful relationships. By aligning their services with the unique needs of their investors today's financial advisors are redefining what it means to grow in age in wealth with their clients. The information contained in this article is not a solicitation to purchase or sell investments. Any information presented is general in nature and not intended to provide individually tailored investment advice. The strategies and/or investments referenced may not be suitable for all investors as the appropriateness of a particular investment or strategy will depend on an investor's individual circumstances and objectives. Investing involves risks and there is always the potential of losing money when you invest. The views expressed herein are those of the author and may not necessarily reflect the views of UBS Financial Services Inc. Neither UBS Financial Services Inc. nor its employees (including its Financial Advisors) provide tax or legal advice. You should consult with your legal counsel and/or your accountant or tax professional regarding the legal or tax implications of a particular suggestion, strategy or investment, including any estate planning strategies, before you invest or implement. As a firm providing wealth management services to clients, UBS Financial Services Inc. offers investment advisory services in its capacity as an SEC-registered investment adviser and brokerage services in its capacity as an SEC-registered broker-dealer. Investment advisory services and brokerage services are separate and distinct, differ in material ways and are governed by different laws and separate arrangements. It is important that you understand the ways in which we conduct business, and that you carefully read the agreements and disclosures that we provide to you about the products or services we offer. For more information, please review client relationship summary provided at or ask your UBS Financial Advisor for a copy. [i] Catania, C., & Zucker, J. (2025, May 8). The new face of wealth: The rise of the female investor. McKinsey & Company. © UBS 2025. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. UBS Financial Services Inc. is a subsidiary of UBS Group AG. Member FINRA/SIPC.
Yahoo
15-05-2025
- Business
- Yahoo
Q1 2025 Intelligent Protection Management Corp Earnings Call
Kara Jenny; Chief Financial Officer, Director; Intelligent Protection Management Corp Jason Katz; Chairman of the Board, Chief Executive Officer; Intelligent Protection Management Corp Operator Good afternoon, and welcome to the earnings results conference call for Intelligent Protection Management Corporation. First quarter ended March 31, 2025. (Operator Instructions) And it is now my pleasure to turn the floor over to your host, Jason Katz, Chief Executive Officer of Intelligent Protection Management Corp., which we refer to as IPM and Kara Jenny, Chief Financial Officer of IPM. Kara, the floor is yours. Kara Jenny Hello, everyone, and welcome to the IPM Operating and Financial Results Conference Call for the first quarter ended March 31, 2025. By now, everyone should have access to the earnings results press release which was issued earlier this afternoon at approximately 4 PM Eastern Time. This call is being webcast and will be available for replay. In our remarks today, we will include statements that are considered forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements about future results of operations, business strategies and plans, our relationships with our customers as well as market and potential growth opportunities. In addition, management may make additional forward-looking statements in response to your questions. Forward-looking statements are based on management's current knowledge and expectations as of today and are subject to certain risks, uncertainties and and assumptions related to factors that may cause actual results to differ materially from those anticipated in the forward-looking statements. These expectations and beliefs may not ultimately prove to be correct. A detailed discussion of such risks and uncertainties are contained in our filings with the SEC, including our annual report on Form 10-K for the year ended December 31, 2024. You should refer to and consider these factors when relying on such forward-looking information. The company does not undertake and expressly disclaims any obligation to update or alter our forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. On this call, we will refer to adjusted EBITDA, a non-GAAP measure that when used in combination with GAAP results, provides us and our investors with additional analytical tools to understand our operations. For adjusted EBITDA, we've provided a reconciliation to the most directly comparable GAAP financial measure in our earnings press release, which has been posted on the Investor Relations section of our website at And with that, I'd like to introduce IPM's Chief Executive Officer, Jason Katz. Jason Katz Thank you, Kara, and good afternoon, everyone. We greatly appreciate you taking the time to join us on today's call. As previously disclosed in January 2025, we completed our acquisition of Newtek Technology Solutions, Inc., or NTS, from NewtekOne, Inc. and the sale of our Paltalk, Camfrog and Vumber applications and certain assets and liabilities related to such applications to Meteor Mobile Holdings, Inc. which are referred to as the transferred assets. The first quarter of 2025 was transformational for IPM following the closing of our acquisition of NTS, which focused our business on the rapidly growing cloud infrastructure and cybersecurity sectors. Today, more than ever, cloud infrastructure and cybersecurity are critical to protecting sensitive data, ensuring business continuity and securing a digital economy in an era of growing cyber threats. We have an exciting opportunity to build upon NTS' historical achievements moving forward as a stand-alone integrated service company. After my remarks, our CFO, Kara Jenny, will give a summary of our financial results for the first quarter ended March 31, 2025. Following our prepared remarks, we will move into the Q&A portion and answer any questions that were submitted prior to this call. Since the closing of the transactions in the beginning of the year, we have successfully integrated our operations and service our existing customers without an interruption. Moving forward, we believe we are now well positioned to grow the company through the expansion of our services offerings to existing legacy NTS customers while cross-selling our minicam software and varying new services to our historical web hosting customer base, this should lead to further growth and enhancement of operational efficiencies, all focused on driving stockholder value. I would now like to provide an overview of our IT and cloud-based solutions to give you more insight into our new business. Our managed IT security services provide clients with ongoing management and support of their IT systems and services under a subscription or contract-based model. Such services include, among other things, proactive monitoring, regular system maintenance, comprehensive cybersecurity management, data backup and disaster recovery as well as help desk support for users. We sell and provide a range of services across five core areas: Professional services. Our professional services include the design and implementation of a wide range of IT products and services such as cybersecurity, software planning, IT infrastructure, data center design and configuration, designing and implementing on-premises hybrid or cloud computing solutions, website development, developing or integrating systems and software and IT cost management. Procurement services, we offer 2 types of procurement services to our customers. we can either, one, obtain software and hardware products on behalf of our customers, in which case our vendors drop ship the products to our end customer, or two, obtain the hardware software on behalf of our customers and perform additional configuration and/or add additional inputs to the products before the products are shipped to our customer. In the instance where we sell hardware and software products as a solution bundled with services, we typically obtain the products of software from our vendors and the additional input configuration is detailed in the customer contract and then ship the products to the end customer. Secure private cloud hosting. Our secure private cloud hosting offerings include digital infrastructure, which consists of dedicated and fully isolated cloud environments designed to deliver security, control and compliance for the business-critical applications and client data. We operate a secure private cloud from private suites in completely isolated areas that are leased within two Tier 3 data center facilities located in Phoenix, Arizona and Edison, New Jersey, pursuant to license agreements that extend until 2027 and 2026, respectively. Although we do not own or operate the data centers, we aim to use the high-level operations and standards provided by the data centers through our license agreements to provide our customers with secure and flexible cloud services. We leverage state-of-the-art security measures, including data encryption, network segmentation, advanced firewalls, multifactor authentication and continuous monitoring to safeguard against unauthorized access and cyber threats. We believe our secure private cloud hosting provides our clients with strong availability, data integrity and reliable performance while meeting stringent compliance requirements. Our private cloud hosting solutions are backed by 24/7 support from our expert team with the goal of delivering secure, flexible and resilient infrastructure and tell them to each client's unique business needs. In the future, we plan to make arrangements with third parties to incorporate AI features into our secure private cloud offerings. Managed backup and disaster recovery. Our managed backup and disaster recovery solutions provide comprehensive protection for customers' critical data and IT infrastructure, which is intended to ensure business continuity and rapid recovery in the event of data loss, cyber attacks or system failures. We utilize advanced backup technologies with automated regular data backups, offsite replication and secure storage to prevent data corruption or loss. Web hosting. Our web hosting services consist of several advanced security measures, including secure socket layer and transport layer security, SSL/TLS, encryption, firewall, distributed denial of service protection, malware scanning and secure server configurations. Our web hosting services include features such as regular data backup, web application firewalls, strict access control policies and continuous monitoring and expert support, all of which are intended to ensure our customers' compliance with industry standards and provide a reliable and secure environment for our customers' online presence. We are very excited with the prospect of expanding our Managed Technology Solutions business, particularly in the cloud infrastructure and cybersecurity sectors. We expect that the recently announced referral arrangement with NewtekOne, a current client and a financial holding company with tens of thousands of its own business clients has great potential to help us find new customers. We believe that cybersecurity is a technology area that is top of mind for all companies, small and large and ripe for growth. Additionally, we believe there is potential for merger and acquisition opportunities to further scale our growth. We look forward to growing the business and building a healthy pipeline of prospective of new customers. We entered this new chapter for IPM with a strong balance sheet, highlighted by $9.7 million in cash and cash equivalents and no long-term debt, which when coupled with the potential earnout from the sale of the transferred assets puts us in a strong position to execute on our business plans and further transform IPM. Additionally, effective May 8, 2025, our Board of Directors approved a stock repurchase plan for up to $400,000 of the company's outstanding common stock, which plan expires on the one-year anniversary of such date. Shares may be repurchased from time to time in open market transactions at prevailing market prices and privately negotiated transactions or by other means in accordance with the federal securities laws, including Rule 10b5-1 programs. And the stock repurchase plan may be suspended or discontinued at any time. The actual timing number and value of shares repurchased will be determined by a committee of the Board of Directors at its discretion and will depend on a number of factors, including the market price of the company's common stock, general market and economic conditions, alternative investment opportunities and other corporate considerations. In regards to our patent litigation, on August 29, 2024, a jury awarded us $65.7 million in the jury verdict in connection with the lawsuit against WebEx Communications, Cisco Webex LLC and Cisco Systems and the US District Corp. or the Western District of Texas. On October 8, 2024, in order granting a motion for final judgment was entered into by the court in connection with the lawsuit. The final judgment was entered in our favor in the amount of the award and started the time for filing any post-trial motions or appeal. The exact amount of the award proceeds to be received by us will be determined based on a number of factors and will reflect the deduction of significant litigation-related expenses, including legal fees, Consequently, we estimate that we would receive no more than 1/3 of the gross proceeds in connection with the award subject to post-trial proceedings, including any potential appellate proceedings by Cisco. We have not recorded any gain contingency in connection with the award. Now I'd like to pass it to Kara for a financial summary of the first quarter ended March 31, 2025. Kara Jenny Thank you, Jason. Total revenue for the three months ended March 31, 2025, was $5.5 million compared to $0.3 million for the three months ended March 31, 2024. This increase was primarily driven by new revenue streams as a result of the acquisition of NTS, which closed on January 2, 2025. Loss from continuing operations for the three months ended March 31, 2020, and was $1.3 million compared to a loss from continuing operations of $1.0 million for the three months ended March 31, 2024. During the first quarter of 2025, the company incurred approximately $0.3 million of onetime expenses in connection with the transaction. The loss from continuing operations for the three months ended March 31, 2025, also included $0.9 million of non-cash expense consisting of amortization and depreciation of $0.7 million. $0.4 million of which represents amortization of newly acquired intangible assets as well as $0.2 million of non-cash share-based compensation. The loss from continuing operations for the three months ended March 31, 2024, include subscription sales from our [Menichem] software as well as all general and administrative expenses for the company which included all professional fees and public company expenses. Net income for the three months ended March 31, 2025, was $0.8 million compared to a net loss of $0.5 million for the three months ended March 31, 2024. Net income included a tax benefit of $2.1 million in connection with the recognition of tax benefits recorded in connection with the transactions for the three months ended March 31, 2025. Adjusted EBITDA remained relatively unchanged at negative $0.5 million for the three months ended March 31, 2025 and 2024, respectively. Net cash generated from operating activities for the quarter was $1.7 million. Cash and cash equivalents totaled $9.7 million at March 31, 2025, a decrease of $0.9 million compared to $10.6 million at December 31, 2024. As a result of $4 million cash payment as part of the acquisition of NTS, partially offset by $1.4 million of cash inflow from the divestiture of the transferred assets and cash flow from operations of $1.7 million. The company reported no long-term debt on its balance sheet as of March 31, 2025. We will now move on to questions. Since you have now owned this business for 4-plus months, can you discuss what you have done or put in place to grow and expand this business? Have you made additional sales and marketing hires? Jason Katz Sure. We hired a company that focuses on marketing, search engine optimization, pay-per-click advertising, branding and e-mail marketing management. In addition, we have allocated marketing spend to enable a CRM system that allows us to e-mail our customer database of approximately 40,000 current and former customers, and track their open rates and response to our e-mail. Kara Jenny Next question. Can you tell us roughly how many of your clients currently utilize just one of your managed technology offerings? And as a follow-on to that, have you begun to cross-sell additional offerings to your clients? Jason Katz Yes. We have started to e-mail and cross-sell our managed technology offerings to the [minicam] user base as well as offering our web hosting customers, all of our additional solutions. Kara Jenny Great. Jason, back to you to close out the presentation. Jason Katz Thanks, everyone, for your support and for joining us today. We are very grateful for your interest in our business. We look forward to updating the market on our progress as we continue to execute on our business plan. We expect to report our second quarter and first half 2025 results in early to mid-August. Have a great day. Operator Thank you. Ladies and gentlemen, this does conclude today's call. You may disconnect your lines at this time, and we thank you for your participation. Sign in to access your portfolio
Associated Press
08-05-2025
- Business
- Associated Press
Intelligent Protection Management Corp. to Host First Quarter 2025 Earnings Results Conference Call on Wednesday, May 14, 2025 at 4:30 p.m. EDT
JERICHO, NEW YORK / ACCESS Newswire / May 8, 2025 / Intelligent Protection Management Corp. ('IPM,' the 'Company,' 'we,' 'our' or 'us') (Nasdaq:IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, today announced that it will host its first quarter 2025 earnings results conference call on Wednesday, May 14, 2025 at 4:30 p.m. Eastern Time. Intelligent Protection Management Corp. CEO Jason Katz and CFO Kara Jenny will discuss the Company's results for the three months ended March 31, 2025, and address stockholder questions submitted in advance of the conference call. The details for the conference call can be found below. First Quarter 2025 Conference Call If you would like to submit a question, please send an email with your question to [email protected] prior to the call. Intelligent Protection Management Corp. will do its best to answer all questions. About Intelligent Management Protection Corp. Intelligent Management Protection Corp., (Nasdaq:IPM), is a managed technology solutions provider focused on cybersecurity and cloud infrastructure. IPM provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients across the United States. IPM also operates ManyCam. The Company has an over 20-year history of technology innovation and holds 8 patents. For more information, please visit: To be added to our news distribution list, please visit: Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Such forward-looking statements include, but are not limited to, statements relating to estimates of future synergies and efficiencies as a result of the NTS acquisition, expectations regarding the Company's ability to effectively integrate assets it acquired as a result of the NTS acquisition, expectations of future plans, priorities, focus and benefits of the NTS acquisition, the Company's ability to realize the intended benefits of the referral arrangement with NewtekOne, Inc. and its status as an accredited partner for the HPE Private Cloud AI solution, the Company's plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as 'aim,' 'anticipates,' 'believes,' 'building,' 'continue,' 'could,' 'drive,' 'estimates,' 'expects,' 'extent,' 'focus,' 'forecasts,' 'goal,' 'guidance,' 'intends,' 'may,' 'might,' 'outlook,' 'plan,' 'position,' 'probable,' 'progressing,' 'projects,' 'prudent,' 'seeks,' 'should,' 'steady,' 'target,' 'view,' 'will' or 'would' or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: the possibility of security vulnerabilities, cyber-attacks and network disruptions, including breaches of data security and privacy leaks, data loss, and business interruptions; the Company's ability to operate its secure private cloud through its data centers; the intense competition in the industry in which the Company operates and its ability to effectively compete with existing competitors and new market entrants; the Company's ability to consummate favorable acquisitions and effectively integrate any companies or businesses that the Company acquires; the impact of adverse economic and market conditions, including those related to fluctuations in inflation and geopolitical conflicts; the Company's reliance on a limited number of customers for its revenues and income; the Company's ability to attract new customers, retain existing customers and sell additional services to customers; the Company's ability to protect its intellectual property rights; and other events outside of the Company's control . More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission ('SEC'), including the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at All forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement was made, except to the extent required by applicable securities laws. Investor Contacts: [email protected] ClearThink [email protected] 917-658-7878 SOURCE: Intelligent Protection Management Corp. press release
Associated Press
14-04-2025
- Business
- Associated Press
Intelligent Protection Management to Present at Centri Capital Conference
At Nasdaq Marketsite in New York City on April 22 JERICHO, NEW YORK / ACCESS Newswire / April 14, 2025 / Intelligent Protection Management Corp. ('IPM,' the 'Company,' 'we,' 'our' or 'us') (Nasdaq:IPM), a managed technology solutions provider focused on cybersecurity and cloud infrastructure, today announced their attendance and participation at the Centri Capital Conference at the Nasdaq Marketsite in New York City, New York on Tuesday, April 22, 2025 The conference will feature presentations from public and private companies across a variety of industry sectors. Jason Katz, Chairman and CEO of IPM, is scheduled to present at 10:00am ET and will be available for one-on-one meetings on Tuesday, April 22, to discuss IPM's managed technology solutions focused on cybersecurity and cloud infrastructure. For those interested in attending, please visit: ABOUT INTELLIGENT MANAGEMENT PROTECTION CORP. (Nasdaq: IPM) Intelligent Management Protection Corp. ('IPM') is a managed technology solutions provider focused on cybersecurity and cloud infrastructure. IPM provides dedicated server hosting, cloud hosting, data storage, managed security, backup and disaster recovery, and other related services, including consulting and implementing technology solutions for enterprise and commercial clients across the United States. Our other products include ManyCam. The Company has an over 20-year history of technology innovation and holds 8 patents. For more information, please visit: To be added to our news distribution list, please visit: FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Such forward-looking statements include, but are not limited to, statements concerning such things as the Company's plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as 'aim,' 'anticipates,' 'believes,' 'building,' 'continue,' 'could,' 'drive,' 'estimates,' 'expects,' 'extent,' 'focus,' 'forecasts,' 'goal,' 'guidance,' 'intends,' 'may,' 'might,' 'outlook,' 'plan,' 'position,' 'probable,' 'progressing,' 'projects,' 'prudent,' 'seeks,' 'should,' 'steady,' 'target,' 'view,' 'will' or 'would' or the negative of these words and phrases or similar words or phrases. The following factors, among others, could cause actual results to differ materially from those set forth in the forward-looking statements: general business and economic conditions globally; industry trends; competition; changes in government and other regulation; changes in political and economic stability; disruptions in business operations due to reorganization activities; interest rate and currency fluctuations; the inability of the Company to realize successfully any anticipated synergy benefits of its acquisition of Newtek Technology Solutions, Inc.; the inability of the Company to integrate successfully the operations of Newtek Technology Solutions, Inc.; fluctuations and volatility in the Company's stock price; the ability of the Company to successfully execute strategic plans; the ability of the Company to maintain customer and partner relationships; and the timing and market acceptance of new service offerings. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission ('SEC'), including the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's website at All forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to update any forward-looking statement or statements to reflect events or circumstances after the date on which such statement was made, except to the extent required by applicable securities laws. Investor Contacts: [email protected] ClearThink [email protected] 917-658-7878 SOURCE: Intelligent Protection Management Corp. press release
Yahoo
17-03-2025
- Business
- Yahoo
Wild ride for stocks reminder to focus on portfolio vs. politics
Investors stomached big swings in the stock market this week with the S&P 500, the broadest measure of equities, sinking into correction territory spooked by President Trump's ongoing tariff push against Canada and Mexico, while putting the European Union on notice with a potential 200% alcohol tariff. All three of the major U.S. benchmarks clocked solid gains Friday, with the Dow Jones Industrial Average up 1.6%, while the S&P 500 and the Nasdaq Composite rose over 2%. Why Some Business Owners Are Unfazed By Trump's Tariffs Still, for the week, the Dow lost 3%, while the S&P 500 and Nasdaq Composite fell over 2%. Trump Threatens 200% Tariff On Eu Alcohol At the same time, gold, a safe haven, crossed $3,000 per ounce for the first time before pulling back as recession fears ticked up. Read On The Fox Business App Jason Katz, Managing Director of Katz Wealth Management at UBS Financial Services, is telling his clients to hang tight and to put their political views, whatever they are, aside. "Take a deep breath, this is not our first rodeo. Clients have been with me five, ten, 20 and, in some cases, 30 years," he told FOX Business. "If you're diversified, it's not so bad, literally look at your portfolio, look at your bonds, look at your value stocks," he advised, noting the average 60/40 portfolio (60-stocks/40-bonds) is positive on the year, with bonds up about 1.5%. "Recession is generally not caused by tariffs, rather exogenous events, and it's premature to use the recession word," he noted. "I do expect to see more pro-growth policies in the latter half of the year," he added. The Case For $3,000 Gold Prices Last weekend, Trump was asked about the potential of a recession. "This is a period of transition, because what we are doing is very big. We are bringing wealth back to America," Trump told FOX Business' Maria Bartiromo on 'Sunday Morning Futures.' Commerce Secretary Howard Lutnick defended Trump's tactics to bring back "fair trade and reciprocal trade" on Friday to boost steel, aluminum, copper, automobiles, semiconductors, pharmaceuticals and lumber, while shooting down recession talk. "In the fourth quarter of 2025, this economy is going to be humming," he said, speaking with Bartiromo. The Federal Reserve, on Wednesday, will release its March decision on interest rates. According to the CME's FedWatch Tool, which tracks the probability of rate moves, 99% of market participants expect rates to remain unchanged at 4.25% to 4.50%. The next rate cut could come as early as June, the tool shows, and perhaps a second in July. Original article source: Wild ride for stocks reminder to focus on portfolio vs. politics Sign in to access your portfolio
