Wealth Management

Ex-investment manager Hauke gets 10 years for fraud

March 23, 2012
Scott Olson
Keenan 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.
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Indiana House votes to phase out inheritance tax

February 28, 2012
Associated Press
The 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.
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Should Indiana phase out inheritance tax?Restricted Content

January 28, 2012
Supporters of new legislation say the wealthy shouldn't have to leave the state to avoid the tax.
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Prosecutor 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.
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Feds: Hauke OK'd disastrous real estate investments

December 14, 2011
Greg Andrews
Prosecutors allege Fishers investment manager Keenan Hauke hid losses for seven years by shifting assets among accounts and using new investors’ money to fund withdrawals.
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Local software upstart sold after less than year in business

November 22, 2011
 IBJ Staff
Indianapolis-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.
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Pacer Foster earns reputation as Buffett of basketball

October 20, 2011
Bloomberg News
Indiana 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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Homebuilder Estridge files for bankruptcy

September 29, 2011
Anthony Schoettle
Paul Estridge Jr. owes a list of creditors including banks, suppliers and vendors more than $50 million, but has assets of less than $5 million, he said.
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Gayle Cook tops list of richest Hoosiers

September 22, 2011
Kathleen McLaughlin
The widow of Bill Cook joined Dean White, Herb Simon and Jim Irsay on the annual Forbes 400 list of wealthiest Americans.
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Dividend-paying investments becoming more attractiveRestricted Content

September 17, 2011
Scott Olson
Indianapolis-based Woodley Farra Manion Portfolio Management has rolled out an equity portfolio stacked with nothing but dividend-paying stocks that can provide a reliable source of income.
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Dynasty trusts growing in popularity among super-richRestricted Content

September 17, 2011
Francesca Jarosz
A tool allowing the super-wealthy to pass assets from one generation to the next without paying taxes is resurging among Hoosier investors.
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KIM: Managers with skin in game most likely to perform wellRestricted Content

August 6, 2011
It seems perfectly logical that you want to invest with a manager or fund where the manager has a significant amount invested alongside you.
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Dynasty trusts let wealthy escape estate, gift taxes forever

July 28, 2011
Bloomberg News
Carmel financial executive among those who plan to shield millions of dollars in a dynasty trust, so it can be passed on to multiple generations of descendants while paying as little in taxes as possible.
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KIM: Contrarian mind-set is key to unearthing opportunitiesRestricted Content

July 23, 2011
For investors, the time to be nervous is when there’s nothing but blue skies on the horizon. The time to be opportunistic is when there’s blood running down the street and the high-paid talking heads are screaming that the sky is falling.
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SKARBECK: Getting out of a hole requires digging by allRestricted Content

July 2, 2011
Ken Skarbeck
We live in a fantasy world if everyone thinks we need to cut back on spending unless it affects them.
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Receiver to manage assets of Fishers money manager

June 20, 2011
Cory Schouten
A receiver will take control of assets held by Samex Capital CEO Keenan R. Hauke, a prominent Fishers money manager accused by state officials of violating securities laws.
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SKARBECK: Finding a bright spot in dismal housing newsRestricted Content

June 4, 2011
Ken Skarbeck
One analyst even declared that, relative to disposable income, housing is more undervalued than at any time in the last 35 years. So it is an attractive time to buy a house if you plan to be a long-term owner.
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SKARBECK: Debt-ceiling issue has no easy solutionsRestricted Content

May 28, 2011
Ken Skarbeck
The public must understand that the arguing in Washington over raising of the debt ceiling is just political posturing.
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SKARBECK: Microsoft stuck in 1990s when acquiring companiesRestricted Content

May 14, 2011
Ken Skarbeck
Microsoft Corp.’s acquisition of Skype for $8.5 billion, announced May 10, continues a long history of a lack of price discipline in Silicon Valley.
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SKARBECK: Look beyond gold for inflation hedgesRestricted Content

April 23, 2011
Ken Skarbeck
gold has been in a 10-year bull market, so today’s investors aren’t exactly discovering the metal at cheap prices.
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Judge freezes assets of Fishers money manager

April 15, 2011
 IBJ Staff
A Hamilton County judge has ordered a temporary asset freeze against prominent Fishers money manager Keenan Hauke, who is being investigated by the Indiana Secretary of State’s Office over financial irregularities involving a hedge fund he operates.
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Durham set for afternoon federal court date

April 6, 2011
 IBJ Staff and Associated Press
Former Indiana businessman Timothy Durham, 48, who is accused in a $200 million fraud scheme, is scheduled to appear in federal court in Indianapolis on Wednesday at 2:30 p.m.
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SKARBECK: Fed's monetary policies drag down bond returnsRestricted Content

April 2, 2011
Ken Skarbeck
Inflation is a sinister sort of tax that confiscates wealth. Bonds will lose value in an inflationary environment as interest rates rise.
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SKARBECK: Reaching too far for yields may have consequencesRestricted Content

March 5, 2011
Ken Skarbeck
Investors eager to capture return are frequently attracted to investments that offer high yields. But before leaping into them, they should remember the useful idiom: “There is no free lunch.”
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Investment firm buys former bank branch

January 22, 2011
 IBJ Staff
C.H. Douglas & Gray will relocate to 71st & College building previously owned by PNC Bank.
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