HAUKE: Letter to David Simon: Be careful with General
Simon is at a crossroads where many other CEOs have found themselves, with most of them getting caught up in the circus, only to find destruction in their wake.
Wealth Management
Articles
SKARBECK: Biglari’s ambitious, but he’s no Buffett
While Sardar Biglari’s effort to duplicate Warren Buffett is clear, some of the Steak n Shake chief’s moves have been superficial.
HAUKE: Indicators point toward bearish bond market
There is a real possibility that the highs for the bond market have been reached, and we are in the early stages of what may turn into a powerful, sustainable and long-term bear market for government bonds.
Competition is likely heating up to steal away National City private clients from PNC Financial
As PNC digests its acquisition of National City Corp., it probably is pulling out the stops to protect the lucrative customers
from being lured away by competitors.
Some of city’s most successful money managers are father-son teams
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.
SKARBECK: Getting a good price hinges on stock’s value
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.
Securities firm Stifel Nicolaus balks at fraud charge
Transactions cited in the complaint involved advisers scattered across the firm’s seven Indiana offices, though two-thirds
were clients of Jeff Cohen.
Trial delayed for money manager Schrenker
An Indiana judge has delayed until March the trial on securities fraud charges of a former money manager who tried to fake
his own death by jumping from a small plane before it crashed in Florida.
Events to teach personal finance, money management
Hundreds of free events to educate consumers on personal finance and money management will occur around Indiana the week of
Oct. 10-17 as part of the Federal Reserve Bank of Chicago’s annual Indiana Money Smart Week.
Widow likely biggest beneficiary of Simon’s estate
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.
COX: Converting to a Roth IRA offers considerable tax breaks
The deadline for converting traditional individual retirement accounts to Roth IRAs arrives at the end of the 2009.
A battered stock market is no reason to stop investing for a college education
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.
HAUKE: Market the moodiest of economic indicators
Hello, operator? Yes, we seem to have a disconnect. Everyone still has their foul-weather gear on, but the stock market
is calling for blue skies. Can you try the line again, please?
Pets, often overlooked in wills, are getting more attention
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.
SKARBECK: More reforms sought for target-date funds
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.
Skarbeck: Shareholders must hold fiduciaries’ feet to the fire
The economic downturn has provided shareholders an opportunity to press for change
on a variety of corporate governance issues.
Knall accepts suspension in unusual SEC case
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.