The Piedmont Perspective: DECEMBER 2025

The Piedmont Perspective

Insights for your financial and personal landscape.

December 18, 2025

Greetings!

The final days of December are upon us and a momentous trip around the sun is almost complete. What a year it has been! We want to thank you, our valued clients, for your continued trust and business. We absolutely could not be Piedmont Capital Management without you and our success hinges on your financial health, success, and most importantly, happiness. Thank you for allowing us to continue working for you!

Now we want to invite you to curl up by the fire and delve into this month’s edition of the Piedmont Perspective (at home or in our office – you are always welcome to come sit a spell and chat by the fire!) This month, Drew provides an overview of the wild ride of 2025; Tom offers advice on the 50-year mortgage; Alex does some complicated lottery math; and Christmas can’t come soon enough for Erika.

Click here to read the DECEMBER 2025 EDITION of the Piedmont Perspective.

May all the blessings of this special season, a time that calls us to draw loved ones near and reflect on the goodness of life, be yours.

Wishing you and yours a blessed Christmas and a bright New Year!

Erika Morck

Office Administrator

erika@pdmnt.com

Phone: 406-862-9400

Piedmont Capital Management

6442 US 93 South

Whitefish, MT 59937

Phone: (406) 862-9400

Piedmont Capital Management is registered with the Securities and Exchange Commission (SEC), under the Investment Advisors Act of 1940, as of May 2021. Piedmont Capital Management and its representatives may only transact business or communicate individually with any client/prospective client about rendering investment advice or solicit or negotiate the sale of investment advisory services in those states it has notice-filed or qualifies for an exemption from notice-filing. To determine whether or not our firm has notice-filed your state contact our office or your state’s securities law administrator. You can also find this information at www.adviserinfo.sec.gov. Our CRD# is 165775.

Please contact us at (406) 862-9400 if there is any change in your financial situation, needs, goals or objectives, or if you wish to initiate any restrictions on the management of the account or modify existing restrictions. Additionally, we recommend you compare any account reports from Piedmont Capital Management with the account statements from your Custodian. Please notify us if you do not receive statements from your Custodian on at least a quarterly basis. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request, and on our website, www.piedmontcapitalmt.com. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.