LEADING QUESTIONS: CPA Sponsel takes calculated risk
With a family history rich with entrepreneurs, Tom Sponsel decided late in his accounting career to strike out on his own.
Investment Advisers
Articles
City Securities snares veteran stockbroker from competitor
L. Gene Tanner has left PNC Investments to join City Securities Corp. The veteran stockbroker who began his career with the former Raffensperger Hughes firm in 1958 said he has returned to familiar territory.
Business school expands investment theme for students
Grant will give Indiana University undergrads a shot at managing real money.
SKARBECK: Cheerleaders and analysts share optimistic outlooks
A recent report from the consulting and research firm McKinsey & Co. detailed the propensity for investment firm analysts to repeatedly issue excessively optimistic earnings forecasts.
New IU program lets students invest $100,000
Kelley School of Business Dean Dan Smith said a $100,000 donation from two IU alumni will provide a hands-on learning opportunity
for students.
HAUKE: Research, not gut, should drive market decisions
The greatest investors I know all use time-tested principles and apply them rigorously in their activities.
Schrenker to plead guilty to securities fraud
A former money manager convicted of trying to fake his own death in a Florida plane crash last year has agreed to plead guilty
to securities fraud charges in Indiana. Marcus Schrenker would face 10 years in prison.
Edward Jones eyeing Indianapolis expansion
The St. Louis-based financial services firm plans to add 62 branches within the next five years here to complement the existing
90 locations it already has in the city and surrounding counties.
JPMorgan’s wealth advisory group led from Indianapolis
Elizabeth Schlueter started out in Fort Wayne and rose through a series of promotions that landed her not on Wall
Street but in Indianapolis.
HAUKE: Despite much bad news, market outlook OK for now
Another fact emerged during May. People became way too bearish. Surveys and market action both suggested a growing fear that
became almost everyone’s opinion.
City Securities rebounds quickly from recession
Indiana’s oldest and largest investment banking firm expects its revenue to increase 20 percent to 25 percent this year.
State finalizes auction-rate securities settlements
Twelve investment firms agree to repurchase auction rate securities from Indiana clients for a total of over $370 million
and
to pay fines totaling more than $3.5 million.
Former basketball players accuse firm of investment fraud
Three Serbian players, two of whom spent time in the NBA, allege Carmel-based Worldwide Associates LLC mismanaged over $12
million.
SKARBECK: How Grace stayed patient under pressure to sell
When we left, we were trying to imagine a few of the many obstacles Grace might have encountered as her initial investment grew into $7 million over 74 years.
Schrenker: ‘Data’ show he tried to fake own death
A former Fishers money manager facing fraud charges acknowledges in a newspaper interview that evidence indicates he was trying
to
fake his own death when he parachuted from his private plane that later crashed in a Florida swamp.
SKARBECK: Financial reform should start with derivatives
At the very least, regulators need to get control of derivative trading—transactions need to be more transparent and carried
out on an exchange.
Barron’s magazine names state’s best financial advisers
The majority
of the top advisers work for Merrill Lynch, and all but two live in Indianapolis.
Biden to announce retirement savings safeguards
The Obama administration on Friday is proposing regulations aimed at protecting workers' retirement savings.
Local investment firm sold
Indianapolis-based Redwood Investment Advisers Ltd. has been purchased by a firm in Portland, Ore. Redwood, whose clients
include physicians and physician groups, has $350 million in assets under management.
Judge pushes back Schrenker’s securities fraud trial
A defense attorney and prosecutors have agreed to delay the trial on securities fraud charges of a former Indiana money manager
who tried to fake his death by jumping from a small plane before it crashed in Florida.