States offering more college-savings vehicles
Indiana among those rolling out new, less-risky 529 plans to attract savers wary of losing money in the stock market.
Wealth Management
Articles
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.
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.
Debating where to turn as Bush tax cuts near expiration
With a deadline looming, supporters and detractors debate extending tax cuts signed by former president George W. Bush.
UPDATE: Schrenker pleads guilty to securities fraud
Former money manager admits to bilking friends, family members and other investors out of millions of dollars before trying to fake his own death. He’ll be sentenced Oct. 7.
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.
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: Growth of government takes toll on stock returns
The unprecedented size of government in America matters to anyone who is concerned about wealth creation in this country.
HAUKE: Future of car stocks may be electrifying
At some point, fuel cells may answer the hype they’ve lived under the last 15 years.
SKARBECK: Short-term sizzle can’t beat consistency
To achieve outsized returns, whether in mutual funds or individual stocks, investors must avoid the hype and reliance on past outperformance.
OneAmerica to acquire McCready and Keene
McCready and Keene Inc. is the fifth-largest employee benefits firm in the Indianapolis area. It employs 95 people nationally, 82 of them in Indianapolis, according to IBJ research.
Schrenker auction expected to fall well short of claims
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.
Auction to sell items from former money manager
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.
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.
HAUKE: There’s little down side to investing Down Under
The country started off as a dump for prisoners and other unwanted British citizens, but it has evolved into a modern-day
paradise.
HAUKE: As a rule, market doesn’t reflect today’s bad news
Until a bull market reaches its last stages (the final three to 12 months), there is a general lack of belief that the market
can go higher.
SKARBECK: Amazing patience paid off for Grace
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.