Investments
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RKL Webinar Provides Economic Update and Crash Course on Cryptocurrency Post-GENIUS Act
Get the latest economic updates from RKL’s in-house investment team to help you navigate business decisions and opportunities. Learn more about cryptocurrency and the passing of the GENIUS (Guiding and Establishing National Innovation for U.S. Stablecoins) Act. Explore the tax complexities of holding or trading digital assets and get practical knowledge to confidently meet reporting…
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Firstrust Financial Resources Hosts Panel Discussion, as Top Investors Share Market Outlook
Amidst the shine of two Lombardi Trophies, Firstrust Financial Resources recently brought together current and prospective clients and some of the financial industry’s leading minds for a night of insight, strategy, and connection. Held in the exclusive Firstrust Bank Club inside the Philadelphia Eagles’ stadium, the event welcomed approximately 150 attendees for cocktails, a seated…
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Former Vanguard Executive Joins Oak-Based SEI Investments Board
Karin Risi, a former top Vanguard Group executive, has joined the board of directors of Oaks-based SEI Investments seven months after leaving Malvern-based investment giant, writes Jeff Blumenthal for the Philadelphia Business Journal. Risi served as the head of strategy, product, marketing, and communications at Vanguard. Along with Risi, Tom Naratil, former head of wealth…
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Ballers Raises $20M Ahead of High-End Sports Concept Opening in Fishtown, More Locations Planned
Ballers, preparing to open its flagship high-end sports concept at The Battery in Fishtown, has raised $20 million in Series A financing to support its development pipeline, writes Ryan Mulligan for the Philadelphia Business Journal. The financing round was led by Sharp Alpha and RHC Group, both sports investment firms, along with new investors David…
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Oaks’ SEI Investments Sells Family Office Services Business for $120M, Rebrands as Archway
Oak’s SEI Investments has agreed to sell its family office services business to New York-based investment firm Aquiline Capital Partners, writes Jeff Blumenthal for Philadelphia Business Journal. The $120 million sale is expected to close in the late second quarter. Following the sale, the business will rebrand as Archway, adopting the name of SEI’s well-known…
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DT Investment Partners Announces Transition to 100-Percent-Employee-Owned Structure
DT Investment Partners LLC, a $2.3 billion wealth management firm founded in 2011 and headquartered in Chadds Ford, has a new ownership structure that took effect at the beginning of the year. Now 100-percent-employee-owned, DTIP has also launched a new branding strategy that emphasizes its focus on asset allocation and customized investment solutions for clients.…
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New Dallas Firm Takes Majority Stake in Bensalem’s Rita’s Italian Ice to Drive Growth
Bensalem staple Rita’s Italian Ice & Frozen Custard has received a majority investment from Maple Park Capital Partners, a newly formed Dallas firm, to fuel its continued growth, writes Emma Dooling for the Philadelphia Business Journal. The financial terms of the deal were not disclosed. In the four decades since being founded, Rita’s has become…
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SEI Investments Continues Upward with CEO Ryan Hicke
SEI Investments is embracing change under CEO Ryan Hicke’s leadership, reports Jeff Blumenthal for Philadelphia Business Journal. The Oaks-based fintech firm has undertaken a significant restructuring, prominently partnering with the Philadelphia Phillies to enhance brand visibility. SEI specializes in providing asset management solutions to diverse clientele, including banks and investment advisors. With a robust third…
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Pennsylvania Turnpike Commission Cuts Costs, Helps Environment with New Pollinator Habitats
Thanks to its new program supporting pollinator habitats, Pennsylvania Turnpike Commission is reducing maintenance costs while also benefiting the environment, writes Michelle Wolf for WFMZ 69 News. The largest habitat belonging to the Turnpike Commission sits on seven and a half acres in the Allentown area. The aim of creating pollinator habitat is to promote…
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Brumbaugh Wealth Management, MyOfficeOps to Co-Host Webinar on Business Succession and Benefits on Nov. 6
Kim Brumbaugh, founder of Brumbaugh Wealth Management, and Steve Rickel, CEO of MyOfficeOps, will co-host a free webinar on Business Succession and Benefits on Wednesday, Nov. 6 from 12-1 PM. Register here.
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Do U.S. Presidential Election Cycles Have an Impact on Financial Markets?
We often get questions from clients regarding the potential impact election cycles have on financial markets, and the 2024 U.S. presidential election cycle is no different. The simple answer is that history shows election cycles alone do not have a significant impact on financial markets. We recommend that clients invest for the long-term given their…
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Investors Open First Federal Donuts and Chicken Radnor Restaurant
Federal Donuts and Chicken has opened its first brick-and-mortar Delaware County location in Radnor, writes Emma Dooling for Philadelphia Business Journal. The 1,250 square-foot space at 232 Radnor Chester Road seats 20 people. It employs about 10 people. The restaurant’s close location to Radnor High School and Villanova University makes it an “ideal fit” for…
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Radnor’s Lincoln Financial Is Rebranding, So Eagles Stadium Gets New Look
Lincoln Financial Field’s going to look slightly different at the start of the Philadelphia Eagle’s next season. Radnor-based Lincoln Financial, who has the naming rights to the Eagles stadium, has created a new logo and a refreshed tagline, writes Jeff Blumenthal for Philadelphia Business Journal. The goal is to sharpen the purpose of the 120-year-old…
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If You’re Behind on Saving in Middle Age, There’s Still Time to Increase Your Savings Rate and Map Your Later Years
If you are behind on saving in middle age, many financial advisors believe there is still time to increase your savings rate and map your later years, writes Hannah Miao for The Wall Street Journal. In 2023, the median account balance of workers between 45 and 54 years old in employee-sponsored retirement plans such as…
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Bala’s Susquehanna International Group Bets Big Money on the Little Guy
Bala-Cynwyd’s Jeff Yass founded Susquehanna International Group in 1987, and now he is the wealthiest man in Pennsylvania. SIG is one of the top investment groups in the country, investing trillions per year on the stock market. Large profits allow the company to invest privately into growing businesses at a more relaxed timeline, reports Joseph…
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Investors Preparing for More Turbulence Following Return of Market Volatility
Following the return of market volatility after roughly 18 months of slumber, investors are preparing for more turbulence over the coming period, writes David Uberti for The Wall Street Journal. Turbulence has mounted for about a month, culminating last week when the S&P 500 logged both its best and worst days since 2022. Traders have…
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Bala Cynwyd Billionaire Backs TikTok with Help from Former Trump Administration Officials
Bala-Cynwyd-based Jeffrey Yass is working with former Trump administration officials to keep TikTok in the American markets, writes Layla A. Jones for The Philadelphia Inquirer. Yass’s trading firm, Susquehanna International Group reportedly owns a 15 percent stake in TikTok’s parent company, ByteDance according to the Wall Street Journal. Yass is Pennsylvania’s richest person with an…
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Some Investors Turning Their Backs on Target-Date Funds
Some investors are turning their backs on target-date funds, the most popular retirement investment on Wall Street, write Anne Tergesen and Oyin Adedoyin for The Wall Street Journal. Target-date funds are a long-term, professionally managed stock portfolio that recalibrates the mix as we race toward retirement age. According to Vanguard data, these funds currently attract…
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