October 15, 2019

The third quarter of the year is in the books and we move boldly and bravely into the last quarter of 2019.  And as we approach the end of the year we need to think if we have hit the limits of our retirement account contributions.  If you’re still working this is a worthwhile endeavor.  Here is a quick list of the particular retirement plan limits (there are a mirade of retirement account possibilities.)

Type of Account    Limit per tax year             Per Month           50 YOA or over?        Per Month 

401K                        $19,000                                 $1,583                   +$6,000                $2,083

403B                        $19,000                                 $1,583                   +$6,000                $2,083

457                           $19,000                                 $1,583                   +$6,000                 $2,083

SIMPLE                  $13,000                                 $1,083                   +$3,000                 $1,333

IRA                          $ 6,000                                  $  500                    +$1,000                  $  583

*Roth versions of the above (if available) are subjected to the same limits. Read More

September 16, 2019

It is better to practice lifeboat drills before the ship hits an iceberg then after.  And icebergs in the economy are recessions.  The difference being that ships rarely hit icebergs anymore, but the economic cycle does include recessions at a fairly regular clip.

The National Bureau of Economic Research (NBER) defines a recession as a significant decline in economic activity spread across the economy, lasting more than two quarters . . . normally visible in real gross domestic product, real income, employment, industrial production, and wholesale-retail sales.[1]  NBER has a committee of Ph.D. economists who decide by looking through the data whether or not we experienced a recession.  The actual recession call is a trailing indicator since the data must be in before the recession can be identified.  The official call as to whether we experienced a recession comes after the event.  The call is non-predictive since even a room full of Ph.D.’s cannot accurately tell the future. Read More

August 8, 2019

Forty years ago, August 13, 1979, BusinessWeek (the magazine) ran its infamous cover story, “The Death of Equities.”  Of all the magazine covers that have been framed, and hung on the walls of Financial Advisors throughout the world, this must rank as the top one.  The article has not aged well.  In fact, history has made a laughing stock of the article and the magazine.

As a disinterested 19-year-old, I didn’t read the original run of the essay.  I was, however, already investing in my 457 retirement account and today I’m thankful I didn’t read it.  Read More

January 3, 2017

For Immediate Release

Contact:  Glenn Wilson, President and CEO
Chesapeake Bank and Trust
245 High Street
Chestertown MD 21620

410-778-1600, gwilson@chesapeaketrust.com

Contact:  Martin Knight, CFP® MBA, Owner and President
Chesapeake Investment Advisors, Inc.
106 Spring Ave.
Chestertown MD 21620

410-810-0735, mknight@chesadvisors.com

Chesapeake Investment Services and Chesapeake Investment Advisors Begin New Partnership in 2017

Chestertown, Maryland – January 3, 2017— Martin Knight, owner of Chesapeake Investment Advisors and Kristen Owen, of Chesapeake Investment Services (a division of Chesapeake Bank and Trust Company) are pleased to announce a new partnership which will provide valued clients with a team approach to financial planning and investment services.  Both Martin and Kristen are licensed to sell securities and offer investment advice, and have over twenty years of combined experience building relationships and serving clients in Chestertown.  Martin and Kristen will maintain separate offices, but will work together under the same broker-dealer, Geneos Wealth Management.  With no proprietary products, Martin and Kristen have the flexibility to offer their clients the best solutions to their unique needs.

Martin has been offering Financial Planning and investment advice for over 11 years.  He took over Chesapeake Investment Advisors from former owners Bob and JoAnne Gerhardt in 2008 when they retired.  He has over $48 million in assets under management.  Martin is a Certified Financial Planner^TM and has passed the Series 7, 24, 31 and 66 exams, and holds a life & health insurance license.

Kristen has been with Chesapeake Bank and Trust for over 11 years and has served as Investment Adviser Representative since February 2015. Kristen has passed the Series 7 and 66 exams and holds a life & health insurance license.  Highly active in our local community, Kristen is President of Downtown Chestertown Association and a member of the boards of Garfield Center for the Arts and Chestertown Main Street.

Glenn Wilson, President of Chesapeake Bank and Trust Company, remarked “Kristen and I are very excited that we’ll be working with Marty to help our clients pursue their financial dreams and goals. Marty’s experience and expertise in the field of financial planning and advising will be a complement to Kristen’s strong relationship skills and help build on Chesapeake’s strong financial services foundation.”

“I am pleased to be working with Chesapeake Bank and Trust, which is so highly respected in this market,” said Mr. Knight.  “Our firms share a commitment to our clients and a focus on tailoring solutions to meet individual needs, which makes us well-suited for a partnership.”

Chesapeake Investment Advisors is located at 106 Spring Avenue, and Chesapeake Investment Services is located at 245 High Street, both in Chestertown’s Historic District. For more information, or to schedule an appointment, you can contact Martin at 410-810-0735 or Kristen at 410-778-1600.

Securities and Advisory Services offered through Geneos Wealth Management, Inc. Member FINRA/SIPC