Charles Kenahan | Managing Director/Financial Advisor | Newport, Rhode Island

 Yacht racing blends athleticism, strategy, and seamanship into a dynamic and challenging sport. Whether navigating short inshore sprints or grueling offshore passages, sailors must harness the wind, read the water, and work in tight coordination with their crew. With a foundation grounded in rules set by World Sailing, the sport offers a range of race formats and opportunities to suit all skill levels. From local club races to iconic events like the America’s Cup, yacht racing builds both technical expertise and a strong sense of community. Newcomers often begin by crewing on boats, learning through mentorship, and gradually progressing through experience. Success on the water isn’t just about speed—it requires understanding equipment, mastering roles, and staying engaged with resources and networks that support continuous growth. The following guide breaks down key aspects of the sport to help aspiring racers navigate their own path forward. 1.Understanding Yacht Racing Yacht rac...

Estate planning is an essential part of effective wealth management that often gets overlooked in the excitement of growing and investing assets. While accumulating wealth is a primary focus for many individuals, preparing for the distribution of that wealth in the future is just as important. Estate planning ensures that your assets are handled according to your wishes, while also minimizing taxes and avoiding potential legal challenges for your loved ones. Incorporating estate planning into your wealth management strategy provides peace of mind and ensures your wealth is preserved and passed on efficiently. This article explores the key role estate planning plays in wealth management and how it can contribute to the preservation of your legacy. What is Estate Planning? Estate planning involves creating a detailed strategy for how your assets will be distributed and managed upon your death or incapacitation. It goes beyond simply writing a will; it involves various legal and financia...

Building wealth is a long-term commitment that requires not only discipline but also a strategic approach. Whether you're just starting your financial journey or you're looking to optimize your existing portfolio, understanding the art of asset allocation is a crucial element to achieving optimal wealth growth. By distributing your smart investments across different types of assets, you can manage risk and enhance your return potential. This article explores effective asset allocation strategies to help you maximize growth while safeguarding your wealth. Understanding Asset Allocation Asset allocation refers to the way you divide your investments among different asset classes, such as stocks, bonds, real estate, and cash. The idea is to balance risk and reward by diversifying your investments so that your overall portfolio is less affected by the volatility of any single asset. For example, if stocks perform poorly, bonds or real estate help mitigate losses. One of the fundame...

  For newcomers, the idea of yacht racing can feel both exhilarating and intimidating. Sleek boats slicing through the waves, crews working in perfect unison, and the unpredictable rhythm of wind and water all make the sport look like a thrilling puzzle . But like most competitive endeavors, the art of yacht racing is learned step by step. You don’t need to be an expert sailor on day one—you need curiosity, a willingness to learn, and a crew to grow with. This guide takes you through the basics of competitive sailing, from understanding the racecourse to building confidence on the water. Learning the Language of the Racecourse Every sport has its vocabulary, and yacht racing is no exception. At first, words like “windward,” “leeward,” and “spinnaker” may sound foreign, but learning these terms helps you feel at home on the water. A racecourse is usually set up with markers, or buoys, that define the route competitors must sail. The key challenge? You can’t sail straight into the wi...