Wealth Management

Schrenker auction expected to fall well short of claims

June 22, 2010
Associated Press
More than $30 million in claims have been filed against Marcus Schrenker, but a court-appointed receiver expects an auction of the financier's property on Saturday to bring in less than $1 million.
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Auction to sell items from former money manager

June 14, 2010
Associated Press
The court-ordered auction includes a motorboat, jet ski and a $30,000 diamond ring, as well as a motorcycle that Marcus Schrenker used to flee police.
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Former basketball players accuse firm of investment fraud

April 16, 2010
Peter Schnitzler
Three Serbian players, two of whom spent time in the NBA, allege Carmel-based Worldwide Associates LLC mismanaged over $12 million.
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SKARBECK: Amazing patience paid off for GraceRestricted Content

March 20, 2010
Ken Skarbeck
Back in 1935, she invested $180 in Abbott Laboratories stock and never sold it. This one decision became the entire investment career of Grace Groner.
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SKARBECK: Biglari's ambitious, but he's no BuffettRestricted Content

February 6, 2010
Ken Skarbeck
While Sardar Biglari's effort to duplicate Warren Buffett is clear, some of the Steak n Shake chief's moves have been superficial.
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Some of city's most successful money managers are father-son teams

January 2, 2010
Peter Schnitzler
All parents hope to teach their kids the value of money. Few end up successfully investing hundreds of millions of dollars together. But for a handful of top local teams, wealth management is a family affair.
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SKARBECK: Getting a good price hinges on stock's valueRestricted Content

November 14, 2009
Ken Skarbeck
Making investment decisions based on where a stock price has been in the past or betting on where it may go in the future is futile and foolish unless the investor has determined the value of the stock.
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Securities firm Stifel Nicolaus balks at fraud charge

October 10, 2009
Peter Schnitzler
Transactions cited in the complaint involved advisers scattered across the firm’s seven Indiana offices, though two-thirds were clients of Jeff Cohen.
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Widow likely biggest beneficiary of Simon's estate

September 26, 2009
Peter Schnitzler
Bren Simon likely will inherit at least one-third of her billionaire husband’s fortune and potentially much more, wealth managers speculate, based on the legal and tax issues involved in such a large estate.
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A battered stock market is no reason to stop investing for a college educationRestricted Content

September 26, 2009
Scott Olson
It's no time to be cautious about investing for a college education. Rather, the drop in the stock market presents an ideal time to be aggressive.
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COX: Converting to a Roth IRA offers considerable tax breaksRestricted Content

September 26, 2009
Jay Cox
The deadline for converting traditional individual retirement accounts to Roth IRAs arrives at the end of the 2009.
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SKARBECK: More reforms sought for target-date fundsRestricted Content

June 29, 2009
Ken Skarbeck
Target-date mutual funds, a popular investment vehicle in 401(k) plans and college savings plans, have recently come under scrutiny by Congress and regulators. Investors are in an uproar over the recent poor performance of funds nearing their target date.
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Pets, often overlooked in wills, are getting more attentionRestricted Content

June 29, 2009
Rebecca Berfanger
While most people consider their family members and funeral costs in estate planning, many overlook their babies who happen to have four legs, a tail, feathers or even scales. A pet trust is a good solution.
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Shareholders must hold fiduciaries' feet to the fireRestricted Content

April 6, 2009
Ken Skarbeck
The economic downturn has provided shareholders an opportunity to press for change on a variety of corporate governance issues.
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Others to blame for woes? Try looking closer to homeRestricted Content

January 5, 2009
Paul Coan
Investors were mad as hell last year as they watched their portfolios melt. And who can blame them? But even after holding Wall Street, banks and the government accountable, these investors should look in the mirror.
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Knall accepts suspension in unusual SEC case

December 10, 2007
Greg Andrews
Newly public records suggest that securities investigators had far from an airtight insider-trading case against David Knall, the star Indianapolis investment broker who nonetheless agreed to settle the 3-year-old inquiry by agreeing to a one-year suspension. The Securities and Exchange Commission announced the pact Dec. 4. In addition to consenting to the suspension, Knall, a managing partner of Stifel Nicolaus & Co., agreed to pay $123,865.
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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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