Investments
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One of Region’s Most Successful Investors to Run for Seat on Safeguard’s Board
Ira Lubert, one of the most successful private investors in the Philadelphia area, is one of a group of candidates who plan to run for Safeguard Scientifics’ board seats, writes Joseph DiStefano for the Philadelphia Inquirer. Lubert will join Safeguard Scientifics shareholder Darren Wallis and investors Russell Glass and Paul McNulty in vying for the…
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From CHESCO: Forbes, CEO Report Recognize Exton-Based Brumbaugh Wealth Management
For Kim Brumbaugh, the key to success is people – the people she employs and the people whose finances she helps to manage. “It starts with our culture, having a good team in place, which means having the right people with the right skill sets,” said Brumbaugh, the CEO of Brumbaugh Wealth Management in Exton.…
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Investors in Radnor’s Safeguard Scientifics Ask for Leadership Overhaul
Yakira Capital Management, which holds 2.41 percent of the shares of Safeguard Scientifics, is calling for a leadership overhaul at the Radnor-based venture capital firm, writes Roberto Torres for Technical.ly Philly. In a letter addressed to Safeguard chairman Robert Rosenthal published last week, the hedge fund criticized the publicly traded company. It stated that Safeguard…
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Radnor’s Safeguard Scientifics Shifts Focus, Lays Off Half of Its Staff
Radnor’s Safeguard Scientifics has laid off half of its staff as part of cost-cutting measures and a change in business strategy, writes Michelle Caffrey for the Philadelphia Business Journal. The decision comes after the investment firm conducted an extensive review and assessment of its available options to increase shareholder value. “As we evaluated the best…
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Radnor’s Lincoln Financial Group to Make $3.3 Billion Acquisition
Radnor’s Lincoln Financial Group has agreed to acquire Liberty Mutual Insurance Group’s Liberty Life Assurance for $3.3 billion, writes Jeff Blumenthal for the Philadelphia Business Journal. Lincoln Financial, a life insurer and retirement investment company, will keep the Group Benefits business from Liberty. It then plans to assign its individual life and annuity business to…
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Ryan Howard Discusses Transition to Venture Capital with Radnor-Based Firm
Ryan Howard is renowned for his time with the Philadelphia Phillies, when he hit 382 home runs and made three All-Star teams, but today, his attention is focused on Radnor’s SeventySix Capital, writes Jeff Haden for Inc. magazine. Working with entrepreneurs is something Howard always wanted to do after baseball. He has partnered with Wayne…
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Radnor’s eMoney Advisor Combines Artificial Intelligence with Investing
Radnor-based eMoney Advisor is finding ways to combine artificial intelligence, computer algorithms, and voice recognition with the world of money management and investing, write Sabrina Willmer and Nishant Kumar for Bloomberg. Acquired by Fidelity two years ago, eMoney provides investment advisors with software that makes interactions with customers much easier. Its office of 600 people…
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Radnor’s SeventySix Capital Closes $10 Million Fund Focused on Sports Technology Startups
Radnor’s SeventySix Capital has completed the initial closing on a new $10 million fund that will primarily focus on sports technology startups, writes Roberto Torres for Technical.ly Philly. The fund will also cover health, wellness, and the future of retail. The firm, which recently added Ryan Howard of Phillies fame as a partner, already has…
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Investment Activity in Region Drops for First Time in Three Years
Investment activity in Greater Philadelphia has dropped after three years of continuous growth, writes Michelle Caffrey for the Philadelphia Business Journal. A new report by the Philadelphia Alliance of Capital and Technologies and PitchBook shows that venture capital activity has dropped significantly, both in dollars invested and the number of deals. As of Sept. 30…
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Radnor Native Discusses Journey to Becoming Managing Director at Comcast Ventures
Sam Landman, managing director at Comcast Ventures, did not always know his professional life would revolve around startups, writes Tej Singh for The Huffington Post. Landman grew up in Radnor playing baseball and golf, and understood early in his life that a career in professional sports would be hard to come by. Once he went…
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Radnor-Based Venture Capital Group Increases Local Presence
NewSpring, a venture capital group based in Radnor, is increasing its local presence by doubling its office space and investing in area companies, writes Joseph DiStefano for the Philadelphia Inquirer. The company has also promoted Jon Schwartz, its chief financial officer, to president and COO. The expansion comes as the firm has nearly tripled its headcount…
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Utilities Stock Analyst Sees Lucrative Investments in Philadelphia Area
Michael Gaugler, the utilities stock analyst who recently rejoined financial planner Janney Montgomery Scott, believes that water and gas companies in the Philadelphia area are a potentially lucrative investment option, writes Joseph DiStefano for the Philadelphia Inquirer. Gaugler predicts that despite the current low price of natural gas, the Marcellus Shale gas boom – combined…
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Wall Street Journal: Broomall’s Alpha Architect Has Hot Investment Strategy
His secret formula for the stock market is a combination of extreme value and extreme discipline, and so far it’s a winning combination. From his home office in Broomall, Alpha Architect CEO Wesley Gray tripled the assets under management to $522 million last year, according to a report in The Wall Street Journal by Chris…
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Local Investors Both Large and Small Vote for ExxonMobil Climate-Change Analysis
Local investors of both thousands and millions defied the ExxonMobil board’s recommendation and passed a resolution that called for the energy company to analyze what it would take to keep the Earth from warming another degree Celsius. The resolution originated from members of the Interfaith Center on Corporate Responsibility like the Aston-based Sisters of St.…
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Former Phillies Slugger Ryan Howard Joins Radnor’s SeventySix Capital as Partner
Ryan Howard, who was just released from his minor-league deal with the Atlanta Braves, has announced his role as a partner at Radnor’s SeventySix Capital, a venture capital firm that invests in consumer-facing tech, retail, sports, and wellness companies. Led by managing partners Wayne Kimmel and Jon Powell, SeventySix Capital’s track record includes five portfolio…
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Strath Haven Grad, Fortune Editor Gets Scoop on Airbnb
A Fortune magazine editor who grew up with a newsroom in her Media kitchen is now in the limelight for her enterprising work that has shed light on the hotel in your guest room — the growing movement of Airbnb home or room rentals. Strath Haven High School graduate Leigh Gallagher wrote The Airbnb Story,…
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Radnor’s eMoney Advisor Launches Advisor Assurance
In anticipation of the implementation of the Department of Labor’s Fiduciary Rule in June, Radnor’s eMoney Advisor launched Advisor Assurance on April 4. This compliance solution provides streamlined documentation and archiving of interactions between advisor and client throughout the financial planning process. The program is designed to provide oversight for the whole office, including financial…
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Michael Brady of Broomall’s LPL Financial Helps Clients Pursue Their Economic Goals
There’s no better testament to Michael Brady’s money-management or customer-service skills than the fact that the financial advisor responsible for more than $110 million in assets did not lose a single client during the Great Recession a decade ago. “Whereas some others in the industry may have had difficulties dealing with what was happening, I…
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