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Wealth Management
MH Equity portfolio firm plans liquidation
March 14, 2013
IBJ Staff and Bloomberg NewsWhat was once Indianapolis-based MH Private Equity's most valuable portfolio company is going bankrupt. Entertainment
Publications LLC, which produces fundraiser coupon books, filed for Chapter 7 liquidation Tuesday.
MoreMenard ousts Hilbert from investment firm
March 9, 2013
J.K. WallSteve Hilbert has been ousted as CEO of Indianapolis-based MH Private Equity after a bitter battle with John Menard, the hardware
store king who financed the $500 million private equity firm.
MoreBillionaires Cook, Simon see bump in net worth
March 5, 2013
J.K. WallGayle Cook, the widow of Cook Group Inc. founder Bill Cook, and Herb imon, the owner of the Indiana Pacers, were two of the
four Hoosiers to make Forbes’ annual list of the world's billionaires.
MoreInvestment strategists confront shrinking interest rates
January 5, 2013
Kathleen McLaughlinYou know the investing climate is unusual when a stock’s dividend yields more than bonds issued by the same company.
MoreColumbus-based mutual fund shines in 2012
January 5, 2013
Scott OlsonKirr Marbach's 'mid-cap blend' outpaces similar Indiana-based investments.
MoreDespite deal, taxes to rise for most Americans
January 2, 2013
Associated PressWhile the tax package that Congress passed New Year's Day will protect 99 percent of Americans from an income tax increase,
most of them will still end up paying significantly more federal taxes in 2013.
MoreAnalysis: Simon factions make peace as tax hike looms
December 14, 2012
Cory SchoutenWidow Bren Simon and her stepchildren finally managed to settle a long legal battle over the estate of mall magnate Melvin
Simon. The goal that appears to have united the survivors: Reducing Uncle Sam's take of a fortune that has swelled to nearly
$3 billion.
MoreItems in '12 Days of Christmas' increase to $107,000
November 26, 2012
Associated PressIf you get buy all 364 items repeated throughout "The Twelve Days of Christmas" carol, you'll pay 6.1 percent more this year,
according to the so-called Christmas Price Index that PNC Wealth Management updates annually.
MoreStorm will keep financial markets closed Tuesday
October 29, 2012
Associated PressStock trading will be closed in the U.S. for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading
will also be closed.
MoreAnalysis: In a crummy economy, why are stocks rising?
September 15, 2012
Associated PressEconomic growth is pitiful. So why are the major stock indexes just a few percentage points shy of an all-time record? Start
with two words: Ben Bernanke.
MoreCOHEN: Good reason to keep gold in diversified portfolios
September 15, 2012
Jeff Cohen / Special to IBJMetal is hedge against printing money, weakening currencies.
MoreLocal financial planner sentenced for identity theft
September 11, 2012
IBJ StaffA former financial planner at the Indianapolis offices of Northwestern Mutual and One America-American United Life was sentenced
Tuesday to two years in federal prison and three years of probation after pleading guilty to identity theft.
MoreFormer Durham exec ordered to pay $30,000
August 22, 2012
Scott OlsonFormer Obsidian Enterprises Inc. President Terry Whitesell will pay the amount as part of a settlement agreement. A bankruptcy
trustee representing investors of Fair Finance Co., owned by convicted financier Tim Durham, had sought more than $225,000
from Whitesell.
MoreArea couple's bankruptcy filing lists $18.5M in debt
July 23, 2012
Scott OlsonAn Indianapolis-area couple that operated more than two dozen companies—including one that provided financial counseling—has
filed for bankruptcy, listing $18.5 million in debt that includes unpaid business loans and mortgages for homes in Florida
and Wyoming.
MoreIU to roll out student financial literacy program
June 22, 2012
Associated PressIndiana University says its plans to offer a financial literacy program to give students the tools to complete college without
excessive debt.
MoreHauke receiver files suit to recover $600K from Arizona investor
April 11, 2012
J.K. WallAttorney William Wendling will try to collect $1 million to $2 million from a handful of investors in Samex Capital Ponzi
scheme.
MoreS&P completes biggest first-quarter rally since 1998
March 31, 2012
Bloomberg NewsMore than $3.6 trillion has been restored to U.S. equity values since October amid better-than-estimated earnings and economic
data. Indianapolis-based WellPoint Inc. surged 11 percent this week, as the Supreme Court debated the health care law.
MoreTwo charged in $2.2M scheme against Colts' Freeney
March 28, 2012
Associated PressA financial adviser for Indianapolis Colts defensive end Dwight Freeney and the adviser's lover have been arrested on
federal wire fraud charges that allege they swindled about $2.2 million from the lineman.
MoreEx-investment manager Hauke gets 10 years for fraud
March 23, 2012
Scott OlsonKeenan Hauke of Fishers, who pleaded guilty to securities fraud in December after costing hedge fund clients $7 million, received
a 10-year federal prison sentence Friday morning.
MoreIndiana House votes to phase out inheritance tax
February 28, 2012
Associated PressThe Indiana House on Tuesday approved a 10-year phase-out of the state's inheritance tax that now brings in about $160
million a year.
MoreShould Indiana phase out inheritance tax?
January 28, 2012
Supporters of new legislation say the wealthy shouldn't have to leave the state to avoid the tax.
MoreProsecutor files charges in two white-collar crime cases
January 19, 2012
One case involves an Indianapolis attorney accused of stealing nearly $600,000 from two accounts she oversaw as trustee. The
other involves the theft of $200,000 from the foundation of a national collegiate fraternity.
MoreFeds: Hauke OK'd disastrous real estate investments
December 14, 2011
Greg AndrewsProsecutors allege Fishers investment manager Keenan Hauke hid losses for seven years by shifting assets among accounts and
using new investors’ money to fund withdrawals.
MoreLocal software upstart sold after less than year in business
November 22, 2011
IBJ StaffIndianapolis-based MyJibe LLC, an up-and-coming budgeting and personal finance software firm that was launched by two 20-something
entrepreneurs last January, has already been acquired.
MorePacer Foster earns reputation as Buffett of basketball
October 20, 2011
Bloomberg NewsIndiana Pacer Jeff Foster has played in the NBA for 12 years and earned more than $47 million, and he’s done something extraordinary:
He’s saved about three-quarters of his take-home pay.
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.