Investments
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Forbes: Gambling Instincts Helped Bala Cynwyd’s Jeff Yass Create a Global Trading Powerhouse
Bala Cynwyd’s Jeff Yass has managed to parlay his past in professional poker and horse race handicapping into a whopping $12 billion fortune with his gambling instincts, writes Antoine Gara for Forbes. Yass is the co-founder and head of Susquehanna International Group, the global trading powerhouse. Last year, Susquehanna’s quants traded around 1.8 billion stock…
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Wiser Wealth: When is the Right Time to Let Your Family Have Their Inheritance?
By Chris Isaac Oftentimes when people think about distribution of an inheritance, they picture the whole family assembled around a lawyer reading out a deceased person’s will. However, nothing is stopping a person from giving out their inheritance while still alive. So if that money could make a big difference for a relative now, should…
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Wiser Wealth: Protecting Your Jewelry When You Travel
Everyone wants to enjoy themselves while traveling, but it’s impossible not to be conscious of the fact that you’re more likely to lose your belongings when you’re away from home. For people who wear jewelry, this could result in losing items with a lot of financial or sentimental value. Forbes recently shared some advice on…
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Latest Funding Round Values Ambler Software Company Phenom at $1.3B
Ambler-based Phenom has raised $100 million in the latest funding round. This values the recruiting and human resources software maker at $1.3 billion, writes Katie Roof for Bloomberg. This largest funding round for the company to date was led by B Capital Group. Dragoneer, OMERS Growth Equity, and GoldenArc Capital were also participants. Phenom’s Talent…
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Wiser Wealth: Should You Ever Invest in an Idea Nobody Else Believes In?
By Chris Isaac With how reliant we have become on technology it can be bizarre to think back to a time when the things we depend on were not yet commonplace. It can also make you look forward to the future with excitement and wonder what innovations are coming. And for investors, that speculation can…
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Wiser Wealth: Why Using Credit Repair Services Is Not a Good Idea
While it might be tempting to contact one of the many credit repair services easily found online when you need to boost your credit score, experts agree there is nothing they have to offer that you cannot do yourself, writes Martha C. White for Money.com. In some cases, they also might carry out unethical or…
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Montco Companies Are Betting on Post-COVID-19 Growth with Mergers, Acquisitions
With the coronavirus pandemic (seemingly) winding down, many local companies are betting on post-COVID-19 growth with mergers and acquisitions, writes Joseph N. DiStefano for The Philadelphia Inquirer. Bala Cynwyd-based Hamilton Lane plans to invest $90 million on a “strategic partnership” with Russell Investments. Hamilton often uses Russell’s small-cap stock indexes to measure its private-equity clients’…
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Expansion Complete! SEI Investments Finalizes Its 11th Building on Oaks Campus
SEI Investments employees will finally get an opportunity to see fintech’s newest building on the Oaks campus once they return to the office later this year, writes Jeff Blumenthal for the Philadelphia Business Journal. The recently completed 104,000-square-foot building was originally planned as the first of five new structures that would double available office space…
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Following an Acquisition Spree, Ambler-based Phenom Raises $100M in Series D Financing Round
Following its third acquisition in six months, Ambler-based Phenom has raised $100 million from its Series D round of financing, writes Paige Gross for Technical.ly. This latest round was led by B Capital Group, with Dragoneer Investment Group, OMERS Growth Equity, and GoldenArc Capital participating. Phenom had previously raised $30 million in a Series C…
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Wiser Wealth: Learn the Secrets of Investing “Like the Big Dogs” in Webinar Today
Frederick Hubler, owner and president of Phoenixville-based Creative Capital Wealth Management Group, will share investment strategies and discuss financial advice firms during two webinars hosted by MONEYSHOW’s Accredited Investors Virtual Expo. Hubler is an accomplished entrepreneur with a decades-long successful career in financial services and technology. He also serves as the president of Retainer-Based Academy,…
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Lead Investor Commits to Venture Fund from Pennsylvania Biotechnology Center
Daiichi Sankyo, one of the largest pharmaceutical companies in Japan, has committed to a $10 million lead investment in the Pennsylvania Biotechnology Center’s Hatch Biofund, according to the Philadelphia Business Journal. The fund was established in 2019 by the Doylestown-based Baruch S. Blumberg Institute, which manages the Pennsylvania Biotechnology Center, as a companion to the center’s incubator and bio-accelerator…
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Wiser Wealth: IRS Sets New Tax Filing Deadline, Here Is What You Need to Know About It
The Internal Revenue Service is postponing the tax filing and payment deadline for individuals from April 15 to May 17 for 2020 tax returns, writes Laura Saunders for The Wall Street Journal. This postponement applies strictly to individuals filing Forms 1040 and 1040-SR and does not affect corporate, partnership, or nonprofit tax returns deadlines. The…
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Bryn Mawr Billionaire’s Investment Group Raises $320M from Private Investors to Acquire More Sports Brands, Factories
Michael Rubin’s Conshohocken-based investment group has managed to raise an additional $320 million from private investors to finance the purchase of more sports brands and factories, writes Joseph N. DiStefano for The Philadelphia Inquirer. The Bryn Mawr billionaire’s firm is currently also considering whether to launch its sports-gear distributor and manufacturer Fanatics on the stock…
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Wiser Wealth: As Pandemic Eases, Get Your Retirement Savings Back on Track
There have been a lot of financial stressors since the pandemic started, with some people even worrying how they will manage week to week. However, the long-term consequences are also weighing on people’s minds, particularly how a career slump this past year could impact retirement plans. Anne Tergesen delved into this for the Wall Street…
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Oxford Professor Claims Fictional Character Introduced by Bala Cynwyd’s Hamilton Lane in Market Report is Based on Him
University of Oxford professor Ludovic Phalippou claims that a fictional character introduced in Hamilton Lane’s market report is based on him and is challenging the Bala Cynwyd-based private investing giant to a debate on the merits of private equity, writes Benjamin Robertson for Bloomberg. In its latest report, Hamilton Lane included a made-up debate between…
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Crazy About Money: Main Line Psychologist Helps People Understand Their Attitudes, Beliefs About Money
What a gift to fall into a flowering new career focus after 30 years of being a psychologist! The old truth of “follow the money” became for Dr. Baker the direct route to the discovery and development in her practice of a branch of psychology now known as financial therapy. Financial therapists help people examine…
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Wiser Wealth: With Mortgage Rates Rising Homeowners Wonder if Now is the Time to Refinance
It’s easy to get caught up in your day-to-day routine and put off making long-term decisions for another time. However, that makes it easy to get caught unprepared when your window of opportunity to make a decision suddenly starts closing. According to Julia Carpenter of the Wall Street Journal, the last year has seen a…
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Wiser Wealth: Is Bitcoin a Good Investment Right Now?
Thanks in part to Tesla CEO Elon Musk who recently announced that his company bought $1.5 billion worth of Bitcoin, the cryptocurrency has surged by over 370 percent over the past 12 months, writes Katie Brockman for The Motley Fool. While that makes it seem like an attractive investment, it is necessary to also look…
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