Charitable giving is a personal and powerful act that can transform the lives of those in need. Beyond your personal wealth and legacy, there's a vast world of charitable giving strategies that can elevate your philanthropy to the next level. In this exploration, we unpack the concept of Donor-Advised Funds (DAFs) and dissect why they've become a popular philanthropic strategy.

A common thought among many individuals is to add one or more children or other family members to the individual’s various accounts to make the disposition of the accounts seamless at their death. While this works in theory, it can often add more complications than benefits. We note the following considerations before adding anyone to an account.

The approach of tax season brings with it the need for meticulous preparation, particularly for individuals with diverse investment portfolios and multiple income streams. At Howland Capital, our expertise lies in assisting clients to navigate this complex period with ease.

We are delighted to announce that Howland Capital has been recognized by the Boston Business Journal as one of Massachusetts's Largest Independent Investment Advisers.* This acknowledgment highlights our steadfast dedication to delivering exceptional service to our clients.

We are delighted to formally introduce Richard Kutia as the newest member of the Howland Capital team, where he will serve as our Chief Fiduciary Officer. Richard brings a wealth of estate planning and trust expertise and a steadfast commitment to excellence.

It is with great pleasure that we welcome Cameron Rahbar, MST, CFP®, AEP® to Howland Capital as a Wealth Strategist. Cameron brings a decade of financial services experience and a deep commitment to helping clients align their wealth with their personal objectives and values.

As expected, the Federal Open Market Committee (FOMC) voted to leave short -term policy rates unchanged at 5.50% at its June meeting. The Fed acknowledged “modest further progress” on inflation but is not quite ready to cut rates. We expect the Fed to keep interest rates at current levels for most of this year. For investors, that means cash yields will remain elevated. But there is also a risk to holding too much cash

Strong stock market performance continued through the second quarter, but at a more moderate pace and with fewer positive contributors when compared to the first quarter. Three months ago, we highlighted strong economic growth, falling inflation, and hopes of near-term Fed rate cuts as the three key positive dynamics sending stocks higher in 2024. Today, that list has narrowed to two. Economic growth remains strong and inflation is still moving in the right direction.

We believe the economy is headed for a soft landing, as solid job gains and moderating inflation should allow for the economy to slow in a measured fashion. This was hardly the consensus view even a few months ago, when there was widespread concern that a series of rate hikes in 2022 and 2023 would lead to a recession. The next move in rates is still expected to be lower, with the Fed signaling a rate cut by year-end (assuming inflation eases further).