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Erie Materials

WILLIAM MILLER was promoted to general manager of the Utica branch of Erie Materials, a regional distributor of building materials. Miller served as the operations manager for the past year, following a 21-year career as a territory manager. He succeeds Leo Dudziak, who had served as general manager since 2000 and will move to a […]

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SRC, Inc.

MIKE MURPHY has been named assistant VP, advanced radar and sensors at SRC, Inc., in its Defense Systems and Solutions Division. In this role, Murphy will be responsible for leading in the development of innovative radars and sensors, research and development of technology, and new business. He has been with SRC for 25 years, most

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NYS pension fund produced nearly 5 percent return last quarter

ALBANY, N.Y. — The New York State Common Retirement Fund produced an estimated return of 4.74 percent in the final quarter of 2021, its fiscal third quarter. That’s according to New York State Comptroller Thomas DiNapoli who also noted that the fund ended the quarter with an estimated value of $279.7 billion. “A strong [fiscal]

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Plan post-COVID financial-planning, business goals

As COVID-19 case numbers drop and other news begins to take the top spot in the headlines, it’s a good time for individuals and business owners to take a moment to reassess their investment management, financial planning, and business goals as we begin to transition toward a post-pandemic world. “I think we’ve all just been concerned with

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Lower 401(k) plan-fee trend continues, per reference book

The average total plan cost and investment fees for 401(k) plans continued to decline in the latest year,  according to the new release of the “401k Averages Book,” 22nd Edition. Total investment costs declined between 0.01 percent and 0.06 percent from last year, with an average decrease of 0.03 percent, per the reference book.  “The decline in

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Morgan Stanley Wealth Management promotes Moles to VP

SYRACUSE, N.Y. — Morgan Stanley (NYSE: MS) recently announced that Nichole Moles — a financial advisor and insurance-planning director in the firm’s wealth management office in Syracuse — has been promoted to vice president.  Moles has been with Morgan Stanley Wealth Management since 2004. She holds a bachelor’s degree in mass communication from Mansfield University

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Schunck to lead Key Investment Services field organization in CNY, Rochester

Kevin Schunck recently joined KeyBank as senior VP and market leader for Key Investment Services.  In this role, he will lead the local Key Investment Services field organization in Central New York and Rochester, working to grow revenue, increase market share, and provide clients in the mass-affluent segment with exceptional service, according to a KeyBank news release. 

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ASK RUSTY: Will I Have Any Social Security Benefits?

Dear Rusty: I’m 60 years of age and wonder if I will have any Social Security retirement benefits. After all, I did purchase them. Signed: Uncertain Dear Uncertain: Your eligibility for Social Security (SS) benefits depends upon your lifetime earnings history from work, from which Social Security FICA taxes were withheld. If you have worked,

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State begins work on starting retirement program for private-sector employees

New York State has started work on establishing a retirement-savings plan for employees in New York’s private sector “who are not offered a retirement plan through their workplace,” per the program’s website.  Gov. Kathy Hochul on Jan. 26 announced the convening of the New York Secure Choice Savings Program board, representing the first phase in

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Melissa Fernalld

Strategic’s lead advisor earns CFP designation

UTICA, N.Y. — Melissa Fernalld, a lead financial advisor at Strategic Financial Services, Inc., a Utica–based wealth-management firm, has achieved her CFP designation from the Certified Financial Planner Board of Standards, Inc.  This designation is awarded to individuals who successfully complete the CFP Board’s initial exams, then continue ongoing annual education programs to sustain their

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