Investments
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University of Delaware’s Blue Hen Investment Club Beats the S&P 500 … Again
By Dena Hillison Despite an incredibly volatile time in the financial markets last year, the University of Delaware’s Blue Hen Investment Club (BHIC) was able to beat the S&P 500 Index for the first time in the group’s 20-year history. Then, in 2019, it did it again. At the close of 2019, the S&P 500…
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Owner of King of Prussia-Based Morgan Properties Talks Risky B-Piece Investing
Two years ago, King of Prussia-based Morgan Properties decided to dive headfirst into B-piece investing which has higher risks but also bigger rewards, writes Matt Grossman for the Commercial Observer. The company currently manages a portfolio of 75,000 units in 15 states, making it the fifth largest owner in the nation. The company has been…
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Purchase of Pennsylvania Trust Co. in Radnor Aids New York Firm’s Quest for Boomer Wealth
A New York company looking for more wealthy baby boomers and their heirs has bought Pennsylvania Trust Company in Radnor and its $4 billion in assets, writes Joseph N. DiStefano for The Philadelphia Inquirer. Fiduciary Trust Co. is owned by publicly-traded Franklin Resources Corp., a national investment company that has sought to diversify away from…
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Smead Capital Management To Open East Coast Sales Hub In West Conshohocken
Smead Capital Management, the Seattle-based investment adviser, will make West Conshohocken its East Coast sales hub when it opens a new office there in January, writes Jeff Blumenthal for the Philadelphia Business Journal. The new hub will provide better services to clients along the eastern coast and reduce the time required to travel to serve…
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Bruce Toll Moved On From Real Estate Development To Investing in Small Businesses That Offer Something Unique
Bruce E. Toll has moved on from Horsham-based Toll Brothers, the real estate development company he began with his brother over half a century ago, to found his own investment firm, BET Investments, writes Lini S. Kadaba for The Philadelphia Inquirer. While his company, which is headquartered in Dresher, primarily focuses on shopping centers, office…
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Hampton Inn in King of Prussia Sells For $16.7M To New York-Based MCR Hotels
New York-based MCR Hotels has purchased The Hampton Inn in King of Prussia for $16.7 million, a small increase over the amount it traded for in 2016, writes Natalie Kostelni for the Philadelphia Business Journal. The fifth-largest hotel owner-operator nationwide purchased the hotel from Ascent Hospitality, which acquired it three years ago for $16.3 million.…
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Conshohocken-Based WealthHub Solutions Raises $1.5M From Local Investor
Conshohocken-based WealthHub Solutions has completed a $1.5 million seed round from investor Richard Vague, managing partner of Gabriel Investments, writes Michelle Caffrey for the Philadelphia Business Journal. The fintech startup is hoping to capitalize on the traction of its product, a workflow software platform aimed at managers of trusts and family offices. WealthHub Solutions CEO…
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Pennsylvania’s Economy Hurt by Aging Roads, Bridges, Mass Transit, Report Says
Pennsylvania’s economic growth could be adversely affected if more attention isn’t paid to the state’s aging highways, bridges and mass transit, writes Evan Brandt for the Daily Times. An assessment report from a Pennsylvania House task force released in November shows funding is badly needed to fix our transportation infrastructure. “With today’s growing economy placing…
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MONTCO Careers – SEI Investments
Headquartered in Oaks, SEI Investments is a financial-services company and global provider of investment processing, investment management, and investment operations solutions. Marketing Director, PWM This position works closely with PWM’s sales and service team to support new client acquisition, education, and retention; oversees marketing and new business development efforts by developing direct business-to-consumer strategies; and develops awareness…
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Visionary Tech, Internet Investor Warren “Pete” Musser Dies
Warren “Pete” Musser, the longtime Pennsylvania tech investor and former head of Radnor-based Safeguard Scientifics for nearly half a decade, died on Sunday at 92, writes Joseph N. DiStefano for The Philadelphia Inquirer. Musser passed away in a nursing facility near his Main Line home, where he was recovering from a fall he suffered a…
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See Which Montgomery County Movers and Shakers Made This Year’s Power 100 List
Five movers and shakers from Montgomery County have found their place on the Philadelphia area’s Power 100, writes Ryan Sharrow for the Philadelphia Business Journal. The list features individuals who possess the influence, respect, skill, and effectiveness that provide them with the power to shape the look and feel of the entire Philadelphia region for…
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Haverford Grad Ronald Perelman Instigated Hostile Takeover Era, But Rules Are Now Changing Once Again
Ron Perelman, a Haverford School graduate, started the era of hostile takeovers with the Revlon acquisition 34 years ago. Now the company is back and with the rules changing again, that era is coming to an end, writes William D. Cohan for the Vanity Fair. Perelman shocked Wall Street and corporate establishments in 1985 when…
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Take a Look Inside Vanguard’s New Office Building Designed to ‘Attract Tomorrow’s Talent’
Vanguard has officially opened its new Neptune building, an innovative office facility situated on the firm’s 87-acre Malvern West campus. Comprising more than 225,000 square feet and adjacent to the Orion and Defence buildings, the Neptune building is four stories and will accommodate approximately 1,350 members of Vanguard’s Retail Investor Group. “After nearly two years…
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New York Real Estate Company Pays $29M for Shops at Blue Bell
New York-based Katz Properties Retail has paid $29 million for the Shops at Blue Bell, writes Natalie Kostelni for the Philadelphia Business Journal. At the time of the sale, the 103,000-square-foot center was 98 percent occupied. The center was developed in 1995 and purchased by Clairon Partners nine years ago. It was put up for…
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Pottstown Needs $62M Over 8 Years To Sustain and Expand Its Current Revitalization
Urban Land Institute, the nationally recognized think tank, has found that Pottstown needs upwards of $62 million over the next eight years to sustain and expand its revitalization, writes Evan Brandt for The Pottstown Mercury. During the Oct. 25 presentation, the think tank introduced its report to 95 stakeholders who were interviewed to help the…
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Haverford Middle School Teacher Teams Up With Shark Tank Winner to Create Distracted Driving App
A technology teacher at Haverford Middle School has partnered with a former “Shark Tank” winner to create an app that will help prevent distracted driving, writes Terri Akman for The Philadelphia Inquirer. Nate Wagner and Ryan Frankel designed This App Saves Lives (TASL). It launches Nov. 12. Using the app, you accrue one TASL reward…
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Billion dollar Coworking Office and Lab Campus Planned in King of Prussia
Capitalizing on the burgeoning specialty of life sciences real estate, The Discovery Labs is developing a $1 billion coworking office and lab campus in King of Prussia, writes Greg Isaacson for the Commercial Property Executive. “It’s a really exciting time for investors and developers in the market because of the growth in the market and…
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Collegeville Dental Hygienist Invents Water Flosser Suite For Shower
Lisa Guenst, a dental hygienist from Collegeville, has created ToothShower, an all-in-one water flosser for the shower that is now available for sale on Toothshower.com website and Amazon. The company produced its first ToothShower late last year and has since sold the product in 40 countries, giving it the resources necessary for a global launch.…
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