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Ultra-Wealthy Focused on These Alternative Investments in 2023
The ultra-rich have access to alternative investments that are usually unavailable to average investors, and they have been taking full advantage of them, writes Lyle Daly for The Motley Fool. Among ultra-high-net-worth investors, whose net worth is at least $30 million, alternative investments make up an average of 50 percent of assets. Meanwhile, that share…
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Learn from WSFS Bank How to Protect Your Small Business from Asset Loss and Fraud at Today’s NoonZOOM
Recent events in banking have brought new attention to the financial services industry and have business leaders wondering if they are taking the right steps to ensure their money is safe. Join a pair of experts from WSFS Bank to learn the several ways to safeguard against threats like fraud or market volatility. On Tuesday,…
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West Chester’s BMW, Mini Dealership Purchased by Piazza Auto Group
An auto group in West Chester is dominating Wilmington Pike. Piazza Auto Group recently paid $30.7 million for the BMW of West Chester and Mini of West Chester. The 6.8-acre property, located near Penn Oaks Golf Club, originally opened in 1968, writes Paul Schwedelson for the Philadelphia Business Journal. Piazza purchased Mercedes-Benz of West…
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How to Protect Your Business Against Check Fraud
Whether it’s digital fraud, phishing and spoofing, or check and payments fraud, the reality is that many businesses (71%, according to a 2022 AFP Payments Fraud and Control Survey) unfortunately experience fraudulent schemes or attempts that can cost them time and money. The survey also found that the most common scheme (66%) currently impacting businesses is check fraud. While…
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Pottstown Home to One of the 15 Most Expensive High Schools in America
Education in the United States wears many price tags, but one local high school is among those that will break the bank for learning, writes Michael Rivera for the Southwest Journal. The Hill School in Pottstown has an annual tuition fee of $61,410, which is the sixth-highest tuition in the country. The school is also…
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Ways to Protect Your Business Accounts Against Fraud, Volatility
Recent events have brought new attention to the financial services industry and have business leaders wondering if they are taking the right steps to ensure their money is safe. There are several ways to safeguard against threats like fraud or market volatility but ensuring your business’ money is protected in Federal Deposit Insurance Corporation (FDIC)…
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Affluent Millennials Use This Strategy to Lower Taxes and Build Next-Gen Wealth While Giving Back
Millennials, who are now the highest-earning generation in the United States, have found a strategy that helps them lower taxes and build next-generation wealth while giving back, writes Jonathon Morrison for Forbes. Affluent Millennials with high incomes who are philanthropic and focused on impact investments are increasingly turning to optimized charitable lead annuity trusts. These…
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How To Keep Your Company and Yourself Safe from Fraud
Whether it’s a compromised email, ransomware, mail theft, or other criminal attempt, fraudulent schemes continue to trend upward and can cost businesses and consumers alike. Preventing fraud requires vigilance from every employee to protect your company’s finances and information. Here are some tips to help protect your business and yourself. Digital FraudScammers don’t discriminate when it comes to the…
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Here Are a Few Strategies Used by Ultra-high Net Worth Individuals That Are Applicable to Ordinary Americans
Many strategies used by ultra-high net worth individuals are also applicable to ordinary Americans who are looking to build their wealth, writes Ben Fraser for Forbes. The Tax Game Among the top ones is the tax game and knowing how to dominate it. All of the top earners have figured out a way to, as…
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Delaware County Leadership: Leon Spencer, CCRES Board Member and Chair of Franklin Mint Credit Union’s Board
Leon Spencer, CCRES board member and Chair of Franklin Mint Federal Credit Union’s board of directors, spoke with DELCO Today about growing up on a dairy farm in Kennett Square and his lifelong love of music. Beginning with singing in the church choir with his family and playing the string bass in the school orchestra,…
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Delaware County Leadership: Allan Domb, President of Allan Domb Real Estate, Former At-Large Member of Philadelphia City Council and Candidate for Mayor
A week before the Primary Election in May, Allan Domb, one of several Democratic candidates running for mayor of Philadelphia, spoke to DELCO Today about his modest upbringing in Fort Lee, New Jersey, how he was always working, starting with shining shoes at age 5, and continued working full-time while attending American University. After building…
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‘Top Hat’ Plans Allow CEOs to Amass Even More Wealth
Little-known savings plans, often referred to as “Top Hat” plans, which are usually reserved for highly paid executives are making the wealth gap between them and workers even wider, writes Anne Tergesen for The Wall Street Journal. The top five executives at the publicly traded companies in the S&P 500 index have a combined $8.9…
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Delaware County Leadership: Georgann Berger McKenna, EVP and Chief Human Resources Officer, Penn Community Bank
Georgann Berger McKenna, Chief Human Resources Officer at Penn Community Bank, recently sat down with DELCO Today to discuss her role at the bank and career path from high school teacher to the C-Suite at the region’s largest mutual bank. In our conversation, McKenna talks about the lessons she learned working on a blueberry farm…
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Chester County Town Has One of Best Main Streets in Pennsylvania
Thanks to its exquisite architecture, singular shops, and eateries, West Chester is one of the towns in Pennsylvania with the best main streets, writes Albert Quigg for the World Atlas. West Chester boasts many buildings that have been reconditioned and repurposed into stores and restaurants, as well as corporate offices. The main street is also…
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‘Unlikely to Survive Bankruptcy’: Conshohocken-Based David’s Bridal Speeds Up Store Closings
The Conshohocken-based David’s Bridal is closing stores ahead of schedule as bankruptcy proceedings don’t go well, writes Mary Vanac for the Cleveland Business Journal. The massive layoffs should be completed a month earlier than originally planned. The retailer is required under the federal Worker Adjustment and Retraining Notification or WARN act to notify states prior…
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Interest Rate on I Bonds Is Down, But Financial Advisors Now See Them As Better Long-Term Investment
With the interest rate on I bonds now down to 4.3 percent compared to the 9.62 percent offered last year, financial advisors see them as better long-term investments, writes Imani Moise for The Wall Street Journal. The new rate will be valid for I bonds bought for the six months starting April 28. At the…
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Three Chester County Spots Among Best New Restaurants for 2023
Three Chester County eateries are among the best new restaurants in Philadelphia for 2023, according to a list from Visit Philadelphia. De La Terre in Downingtown is a charming BYOB that enchants patrons with the artwork on the walls that has been supplied by West Chester boutique and art gallery LeBerger. The restaurant offers excellent French-inspired…
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Delaware County Leadership: Mary Powell, Dean, College of Nursing and Health Professions, Immaculata University
Mary Powell, dean of the new College of Nursing and Health Professions at Immaculata University, spoke with DELCO Today about growing up in Delaware County and the experiences that shaped her as a teenager, like getting a part-time job as a nursing assistant to pay for contact lenses and going on a six-week trip to…
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