Investments
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Large Shareholder Urges Warminster-based Arbutus to Seek Partners Instead of Selling More Stock
Whitefort Capital Management is urging Warminster-based Arbutus Biopharma to look at all options for its lead product portfolio instead of just diluting investor holdings by selling more stock to fund the next stage of clinical testing, writes John George for the Philadelphia Business Journal. The New York investment firm, which is a major shareholder in…
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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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Three Local Country Clubs Featured on List of Region’s Most Asset-Rich Country Club
Three Chester County country clubs placed among ten nonprofit country clubs in the region with the largest asset values in 2022, write Andy Medici and Emma Dooling for the Philadelphia Business Journal. To compile the list, Business Journals analyzed IRS forms for nonprofit country clubs for 2022. Waynesborough Country Club in Paoli ranked highest on…
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Bucks County Townships to Receive $3.9 Million Boost from Parx Casino Revenues
Several Bucks County townships are getting $3.9 million in funds generated by Parx Casino in Bensalem, and awarded by the county’s redevelopment authority, writes Corey Sharp for Play Pennsylvania. The funds will go towards dozens of community improvement projects. The nearly $4 million in awards will be distributed among forty grants that will benefit…
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Radnor’s Lincoln Financial Is Rebranding, So Eagles Stadium Gets New Look
Lincoln Financial Field is going to look slightly different at the start of the Philadelphia Eagles’ 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…
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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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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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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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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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Bristol-based Sojo Industries Raises $10M and Secures Major Partnership
Sojo Industries, a beverage technology company in Bristol, has raised $10 million in a Series A funding round, writes Ryan Mulligan for the Philadelphia Business Journal. This round included investments from Schreiber Corporate Ventures, part of Schreiber Foods, a global leader in food and beverage manufacturing, and Tech Council Ventures. Founded by Barak Bar-Cohen,…
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Conshohocken-based Hamilton Lane Buys 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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