Investments
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Wall Street Journal: Vanguard Sees Its Partnership with Digital Financial Firm as Its Main Route into China
After announcing plans to exit China’s institutional business, Malvern-based Vanguard is now looking at its partnership with Ant Group, China’s biggest digital financial firm, as its main route into China, write Dawn Lim and Jing Yang for The Wall Street Journal. The investment behemoth hopes that this venture will provide it with access to the…
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Brumbaugh Wealth Management’s Andrew Scheppegrell Helps Millennials Secure Their Financial Futures
Albert Einstein once said that “the most powerful force in the universe is compound interest,” referring to it as one of the greatest “miracles” known to man. If it’s not a secret that investing early and often is the best way to secure your financial future, then why aren’t more millennials taking the necessary steps…
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Keystone Property Group Sells Stake in AmerisourceBergen’s Future HQ in Conshohocken for Close to $340M
Keystone Property Group has sold a preferred equity stake in AmerisourceBergen’s future headquarters in Conshohocken to PRP Real Estate Investment Management for nearly $340 million, writes Natalie Kostelni for the Philadelphia Business Journal. PRP now owns 89 percent interest in the 429,122-square-foot headquarters, while Keystone Property Group controls the remainder. “It was one of the…
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Former Real Estate Mogul and Heir of Jenkintown Metals Business Looking to Raise $230M for ‘Blank Check’ Companies
Nicholas Schorsch Jr., the heir to a Jenkintown metals business and former real estate mogul, is looking to raise $230 million from a “blank check” initial public stock offering, writes Joseph N. DiStefano for The Philadelphia Inquirer. Schorsch built a $30 billion real estate empire from his Montgomery County offices before an accounting scandal that…
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Wiser Wealth: Resist the Post-Vaccine “Revenge-spend” Urge
As we officially reach a year since COVID really began gaining momentum in America, many experts are talking about “pandemic fatigue.” Everyone craves a return to normalcy, and with there now being three FDA-approved vaccines, it looks like there may finally be an end in sight. However, analysts worry that the long deprivation from leisure…
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Bloomberg: See How Much You Need to join Ranks of Richest 1% in Different Countries
According to a Knight Frank’s study, the United States is in third place based on the minimum net wealth required to join the ranks of the richest 1%, but it is in top spot for the number of ultra-high-net-worth individuals, write Benjamin Stupples and Yoojung Lee for Bloomberg. Joining the ranks of the wealthiest is…
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Horsham-based Investor Shifts Focus to Vices: Sex, Cannabis, and Drink
Horsham-based Alliance Holdings, one of the only woman-led private equity firms in the region, is shifting its investments from the manufacturing world to cannabis, alcohol, and adult-focused software products, writes Michelle Caffrey for the Philadelphia Business Journal. Barbie Spear, Alliance CEO who took the helm of the firm in 2019, refers to the trifecta as…
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President of Phoenixville-Based Creative Capital Wealth Management Group to Speak at Investors Expo
Frederick Hubler, the owner and president of Phoenixville-based Creative Capital Wealth Management Group, is one of 30 leading market analysts, money managers, and investment gurus scheduled to speak at MoneyShow’s Accredited Investors Virtual Expo from March 2-4. The Expo will offer the opportunity to watch live sessions from world-class money managers, financial analysts, and alternative…
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Wiser Wealth: Most Americans Don’t Understand Bitcoin, with 1 in 10 Never Having Heard of it
As some financial services, such as Mastercard and ATMs, have begun embracing the usage of cryptocurrencies, that would seem to suggest it is becoming more commonplace. That seems logical since the value of a single Bitcoin has fluctuated in value around $50,000 at times. However, a survey reveals that many Americans might still have no…
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Wiser Wealth: Should You Involve Your Teenagers in Big Spending Decisions? Two Points of View
Should teenagers have a say when big financial decisions are made in the family? The Wall Street Journal asked two financial experts to weigh in. Yes, include teens Lazetta Rainey Braxton, co-CEO at 2050 Wealth Partners in New York, says parents should include a teenagers’ input. If handled correctly, the teen will find the experience…
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Bala Cynwyd-based Hamilton Lane Expanding Offerings for Affluent Investors
Bala Cynwyd-based Hamilton Lane is expanding its offerings for wealthy investors with a new fund and a rare acquisition, writes Melissa Karsh for Bloomberg. The alternative asset manager wants to tap into a group of investors that includes business founders and other affluent clients that usually do not have as much access to private markets.…
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Plymouth Meeting-based Inovio is Latest Stock to Benefit from Attention of Reddit’s Individual Investors
Plymouth Meeting-based Inovio saw its stock jump 33 percent on Monday after the biotech company came to the attention of individual investors on Reddit, writes John George for the Philadelphia Business Journal. The stock went up by $4.21 per share to reach $16.96, Inovio’s highest closing price since September. The company, which currently has a…
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Wall Street Journal: West Conshohocken Investor Was Trying to Increase Value of GameStop’s Stock Well Before Reddit Craze
John Broderick, who manages West Conshohocken-based Permit Capital, was working on increasing GameStop’s stock price long before the Reddit craze, writes David Benoit for The Wall Street Journal. Last spring, Broderick joined forces with another small-time investor, Kurt Wolf, to try and shake up the company’s board of directors because they believed GameStop’s stock was…
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Wiser Wealth: Invest Your Super Bowl-sized Bonuses Like a Pro
It may seem like NFL players have it all-fame, fortune and physique, but when it comes to handling their money, players run into the same financial issues the rest of us face. When those Super Bowl bonuses start coming in, players need to make prudent decisions and invest that money wisely. For this year’s Super…
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Wiser Wealth: Personal Finance Lessons the World Has Learned After a Year with COVID
Besides the health concerns the pandemic has sparked, the other major source of anxiety for many this last year has been their finances. So many of us were laid off, and many industries have ground to a halt due to the need for safety precautions. It’s been a major wake up call for a lot…
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Wiser Wealth: Setting Achievable Personal Finance Goals in 6 Steps
Setting achievable personal financial goals is important, but how you set those goals is equally important, writes Roger Wohlner for thestreet.com. Some examples of financial goals include: Goals can be highly focused over one to three years, like buying a new car. They can be thee to 10 years, like a down payment for a…
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Wiser Wealth: 10 New Years Resolutions to Spend Less and Save More
Here’s a list of the top financial New Year’s resolutions to make for 2021, according to John S. Kiernan for wallethub.com. Make a Realistic Budget & Stick to It. Rank true necessities at the top. Cut from the bottom until your take-home exceeds what you plan to spend. Look for a Better Job. Remote jobs…
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Vanguard Plans to Press Companies on Racial, Gender Diversity of Their Boards Next Year
Vanguard plans to vote against directors who do not press for greater racial and gender diversity on their company’s boards, writes Saijel Kishan for Bloomberg. The investment management giant acknowledged that corporations are currently in the early stages of developing their strategies for boardroom diversity and that regional differences and regulations should be considered. “But…
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