Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

McClearn named director of pension fund’s Emerging Manager Program
Interim tag removed ALBANY — New York State Comptroller Thomas DiNapoli on Feb. 7 announced the appointment of Sylvester (Sly) McClearn as director of the New York State Common Retirement Fund’s Emerging Manager Program. McClearn had been appointed interim director of the program back in February 2023. The pension fund’s Emerging Manager Program invests with […]
EBRI study: student-loan debt hampers 401(k) participation
Making student-loan debt payments was found to have a “negative impact” on both the average 401(k) employee-contribution rate and account balance, according to a new research report published Feb. 8 by the Washington, D.C.–based Employee Benefit Research Institute (EBRI) and J.P. Morgan Asset Management. The report, “Student Loans and Retirement Preparedness,” provides information on how

State pension fund generated 6 percent return in its latest fiscal quarter
ALBANY — The New York State Common Retirement Fund produced an estimated return of 6.18 percent in the third quarter of the current fiscal year — the three-month period ending Dec. 31, 2023. That’s according to New York State Comptroller Thomas DiNapoli, who also noted that the fund ended the quarter with an estimated value
Rialto Wealth Management partner joins Unity House board
AUBURN — Michael Antonacci, a partner at Rialto Wealth Management in Syracuse, joined the board of directors of Unity House at the start of the year, the Auburn–based nonprofit’s CEO Liz Smith announced. An expert in financial and investment management, Antonacci will help the Unity House board navigate the changing markets and will serve on

Strategic Financial launches client-engagement platform
UTICA — After two years of development and testing, Strategic Financial Services Inc. launched its own client-engagement platform, designed in-house, which allows clients to monitor, manage, and act on their financial plan. The company underwent a significant change in the technology it used around 2017, which spurred the desire for a client-engagement platform, Strategic Financial’s

Bowers CPAs & Advisors relocates its Rochester office
Syracuse–based Bowers CPAs & Advisors says its Rochester office has relocated to a new space at 200 Meridian Centre Blvd. “This transition underscores our unwavering commitment to delivering excellence in accounting services,” Michael D’Avirro, co-managing partner at Bowers CPAs & Advisors, said in the firm’s news release. “The relocation to our new, more spacious office

Naturally Lewis offers more than $900K in grant funding in 2024
LOWVILLE — Naturally Lewis says $930,000 is available in the second round of its four grant programs. Naturally Lewis is the economic-development agency for Lewis County. The grant funds are for the Small Things, Big Impacts Fund; Community Connections Fund; Building Business Fund; and Vacant Property Revitalization Fund, according to a Naturally Lewis news release.
People news: Security Mutual hires Kentch
ITHACA, N.Y. — Security Mutual Group recently announced the appointment of Samantha Kentch to the insurance company’s cancellations department. Prior to joining Security Mutual, she worked for two years at the Tompkins County Department of Social Services. Kentch is a graduate of Groton High School in Tompkins County and holds certifications in digital media and
Bowers CPAs & Advisors acquires Rochester accounting firm
Syracuse–based Bowers CPAs & Advisors has acquired a Rochester accounting firm that it says will help expand its office in that market. Kasperski Dinan & Rink CPAs is joining Bowers in a transaction that adds to its tax, audit, and client accounting and advisory services teams in Rochester, according to a news release from Bowers
Community Memorial Hospital names Frank CFO
HAMILTON, N.Y. — Tracy Frank is the new chief financial officer (CFO) at Community Memorial Hospital (CMH), the health system announced Thursday. Frank brings to her new position financial-management experience in the education, agriculture, and health care industries. She most recently served as director of finance and accounting for Dairy Farmers of America, Inc. Frank
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.