On July 3, 2025, following an all-night session, the U.S. House of Representatives narrowly passed the One Big Beautiful Bill Act (OBBBA) by a 218-214 vote. This follows the Senate’s approval on July 1, and President Trump signed the bill into law on July 4, 2025.
In case anyone hasn’t noticed, tariffs are back in the news and so far, wreaked havoc on capital markets. If the first Trump term took a chisel to trade policy in 2018, primarily on China, then the second term has picked up the sledgehammer. Mexico, Canada, China, and Europe are all in the crosshairs, with seemingly no end in sight.
MCF Advisors, LLC (“MCF”), a Kentucky-based registered investment adviser (“RIA”), today announced it has entered into a strategic partnership with Wealth Partners Capital Group (“WPCG”), a financial services holding company, and HGGC, a firm focused on partnership investing. WPCG and HGGC’s Aspire Holdings have made a minority equity investment in MCF to fuel the firm’s growth through organic client acquisition and strategic M&A while expanding its presence in the greater East South Central U.S. The management team of MCF remains the majority shareholder and will continue to control the decision-making and operations of the firm.
MCF is proud to announce that it has been named a winner in the Kentucky Chamber of Commerce’s Best Places to Work in Kentucky for 2025. This marks the seventh consecutive year that MCF has been recognized.
MCF is proud to announce that Andy Sathe, MBA, CLU, CFP®, Senior Financial Advisor, has been recognized as a 2024 Five Star Wealth Manager—his third consecutive year receiving this prestigious award. The Five Star Wealth Manager Award is presented to a select group of professionals across more than 40 markets nationwide, recognizing their expertise, industry experience, and commitment to exceptional client service. Congratulations to Andy on this well-earned achievement!
As the cost of living continues to rise, planning for retirement remains a top priority for many Americans. One of the key components in securing a comfortable retirement is maximizing contributions to retirement accounts such as Individual Retirement Accounts (IRAs) and employer-sponsored 401(k) plans. For 2025, the IRS has set new contribution limits for these retirement savings vehicles, allowing individuals to put away more money for the future.