Investments
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Firstrust Financial Resources a Lifeline for Families with Special Needs Adults Looking to Protect Their Tomorrows
Harvey Mills, a retired flight attendant, doesn’t sugarcoat the impact that Jerel Ruttenberg, a Senior Financial Professional at Firstrust Financial Resources, and FFR Vice President Brian Smith have had on his family. “They saved my life,” he said, “and that’s not an exaggeration.” With an adult daughter who has autism and an intellectual disability, and…
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Take Note of These Changes in Retirement Savings Rules Before End of Year
Being unaware of most of the provisions Congress put into the landmark retirement law over a year and a half ago could prove costly to investors, writes Leonard Sloane for The Wall Street Journal. The provisions cover required minimum distributions, types of accounts that can be used for certain retirement-plan contributions, and a whole lot…
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This 401(k) Rollover Mistake Could Cost You Money
Workers who pull their retirement savings out of the stock market after changing jobs miss out on billions in investment gains, usually without meaning to, writes Anne Tergesen for The Wall Street Journal. When individuals transfer their 401(k) balances from their previous employer’s plan into an individual retirement account, these funds are often held as…
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Conshohocken-based Hamilton Lane Buys Major Stake in New Jersey Pharma Company
Conshohocken-based Hamilton Lane has acquired a major stake in Cosette Pharmaceuticals, a New Jersey-based specialty pharmaceutical company, writes Jeff Blumenthal for the Philadelphia Business Journal. The private markets investment management firm is now part of a controlling faction in Cosette. Hamilton Lane bought the undisclosed share of the company from Avista Capital Partners, a New…
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Collecting Luxury Spirits as an Investment
Demand for luxury spirits has skyrocketed in the last several years, creating a great investment opportunity that is not just for the wealthy, writes Debbie Carlson for The Wall Street Journal. The Luxury Brand Index created by the Distilled Spirits Council of the United States, which determines demand for high-end spirits, increased by an average…
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Boost Your Tax-Sheltered Roth Accounts Using These Lesser-Known Paths
If you are looking for ways to boost your Roth IRA or Roth 401(k), these lesser-known paths can help you get around the roadblocks, writes Laura Saunders for The Wall Street Journal. These paths are useful for savers who are attempting to move more dollars into their Roth accounts before the end of 2025, when…
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For Some Retirees, Real Estate Is Right Choice for Their 401(k)
Some investors are choosing to forego Wall Street on their road to retirement and are instead putting their money in real estate as their 401(k), write Veronica Dagher and Anne Tergesen for The Wall Street Journal. Instead of relying on the stock market to secure their future, real-estate retirees prefer the steady income they receive…
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Once-Perfect Match of Private-Equity and Pension Funds Creating Expensive Problems for Investment Managers
Private-equity and pension funds were once considered a match made in heaven, but now the honeymoon period seems to be over, writes Heather Gillers for The Wall Street Journal. When companies and states in the U.S. first started handing over control of some worker retirement savings, they received a promise of high returns after 10…
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The Era of Higher Savings and Bond Rates Continues; Make Moves with Your Cash Now
Americans keeping their money in savings accounts in commercial banks are losing a lot of potential earnings amidst surging returns on bonds and other savings vehicles, write Oyin Adedoyin and Ashlea Ebeling for The Wall Street Journal. Many people have already taken advantage of the era of higher savings and bond rates ushered in by…
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This Tax Break Could Help Many Couples Increase Their Retirement Savings
A spousal IRA is a tax break offered by the Internal Revenue Service that can help many married couples increase their retirement savings, writes Lori Ioannou for The Wall Street Journal. Spousal individual retirement accounts make it possible for a working spouse to contribute to the retirement savings of their non-working or low-earning spouse. These…
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Ives Equipment Corp. of King of Prussia Acquired by Pittsburgh’s MCE
King of Prussia’s Ives Equipment Corp has been acquired by a Pittsburgh-area firm, writes Patty Tascarella for the Philadelphia Business Journal. This acquisition marks the firm, Motion & Control Enterprises’, fourth purchase this year, furthering its aggressive expansion strategy. Founded in 1954, Ives Equipment is a distributor of process valves and instrumentation products, serving…
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Treasury Yield Curve, One of Wall Street’s Favorite Recession Indicators, Seems Broken
The Treasury yield curve is one of Wall Street’s favorite recession indicators, but it seems to be broken, write Sam Goldfarb and Peter Santilli for The Wall Street Journal. Investors have long taken an anomaly known as an inverted yield curve, where yields on short-term Treasurys are higher than those of longer-term government debt, as…
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Risky Bonds May Not Be So Risky Anymore
Risky bonds are now joining the rally of everything, as the premium that investors are demanding so they could hold debt from sub-investment-grade companies instead of the much-safer Treasurys has dropped to near pandemic-era lows, writes Vicky Ge Huang for The Wall Street Journal. The rally shows that worries about an economic slowdown that would…
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Sneha Shah of SEI Investments in Oaks Leading Effort to Invest in Tech Startups
SEI Investments Co.’s Sneha Shah is getting involved in the Philadelphia tech scene and hopes to invest in startups, writes Ryan Mulligan for Philadelphia Business Journal. Shah has previously taken on managing director roles with the London Stock Exchange Group and Thomson Reuters. She is in her first year as executive vice president and head…
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Investors Enjoying Almost Picture-Perfect Investing Environment
Investors are currently striking gold in nearly every market amidst an almost picture-perfect investing environment that boasts resilient corporate profits, low unemployment, and easing inflation, write Gregory Zuckerman and Gunjan Banerji for The Wall Street Journal. Last Thursday, the Dow Jones Industrial Average managed to cross the 40000 mark for the first time. Almost everything…
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Thrill-Seeking Investors Flocking to Single-Stock ETFs
Investors who are looking to ratchet up the risk are turning to single-stock exchange-traded funds, a relatively recent product that focuses on amplifying the return of one stock by using borrowed money or derivative contracts, writes Jack Pitcher for The Wall Street Journal. For example, if investors are not satisfied with the 80 percent year-to-date…
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One of Wall Street’s Oldest Adages, ‘Sell in May and Go Away,’ Remains Valid … but Not as Much as Before
“Sell in May and go away,” one of Wall Street’s oldest adages, implies it is in the best interest of investors to sell their stocks at the start of May and come back to the market at the beginning of November. The adage is still valid, but not as much as before, writes Derek Horstmeyer…
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Giant Funds Are Taking over Wall Street
Giant funds are taking over the financial system, with top firms now controlling amounts that rival the economies of many large countries, writes Matt Wirz for The Wall Street Journal. Asset managers are entering new business areas and blurring the lines of who does what on Wall Street. In the process, they are nudging the…
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