which is shedding the RIA it acquired when it bought asset manager Eaton Vance last March advises on approximately $3 billion in assets It was acquired by a unit of Eaton Vance in November 2020 It brings Pathstone’s assets under advisement to more than $35 billion and will expand the firm's footprint in Florida "We are very excited to welcome WaterOak to our family," Pathstone President Matthew Fleissig said in a statement are driven by innovation and believe that unique technology and process will keep us a generation ahead of the industry." It is buying Eaton Vance Investment Counsel from Morgan Stanley This and other pending deals will give it $133 billion in assets in the U.S acquisitions by assets to date and aligns us with a growing firm with a rich history industry-leading wealth management capabilities and loyal sophisticated clients,” CI CEO Kurt MacAlpine said in a statement managing partner of Advisor Growth Strategies in Phoenix said the RIA involved here was not a strategic fit for a wirehouse like Morgan Stanley “Eaton Vance bought WaterOak less than two years ago Clearly the Morgan Stanley acquisition of Eaton Vance created either friction or (would have created) a change of strategic direction,” he said then Morgan Stanley bought the asset manager and inherited an RIA not consistent with its strategy So Pathstone just bought (some of) the RIA assets of Eaton Vance Furey said there is far greater alignment for WaterOak with Pathstone “They acquired significant assets and a very strong team.” Last year Morgan Stanley executed a similar transaction, selling E-Trade Advisor Services he and his colleagues were already finding Commonwealth too big for their liking Technology What Facet has gained building its tech stack from scratch Anders Jones took the time to discuss the benefits of building tech in-house how they are using AI and what they would change if they could Practice and client management Beyond calculators: Advisors' growing role in uncertain times In speeches at the CFA Institute LIVE conference experts pointed to the importance of financial advisors and other industry experts in the present circumstances while only 10% were focused on investment management Industry News It's back to Merrill for a $1B ex-UBS broker: Advisor Moves Also this week Focus Financial ups the responsibilities for some top executives and Advisor Asset Management appoints a new CEO Industry News Why wealth management M&A is unlikely to dry up amid volatility Could an economic downturn slow the industry's record-setting pace of acquisition deals CAN RIA GROWTH AND TRUE FIDUCIARY DUTY REALLY COEXIST Business goals cannot always put clients' best interests first Here's why even the executives leading fast-expanding advisory firms say the critics have a point Old Cars WeeklyPublished Oct 14 2022 3:48 PM PDTShare this storyDavid Kirkel is the proud owner of a car that you don't hear about very much His Merc is a rarity with its paneling.  "This is a rare convertible with 1 year only optional “Yacht Paneling.” Only 215 customers opted for the “Yacht Paneling” vinyl wood grain option generally only available on station wagons and some hardtops It’s believed that there are only 15 convertibles left in running condition If you would like your car featured in Reader Wheels click on the link below and tell us a little bit about your ride CLICK HERE If you like stories like these and other classic car features, check out Old Cars magazine. CLICK HERE to subscribe Have you ever wondered what your classic ride is worth? Old Cars has you covered with the Old Cars Report Price Guide. We are your source for unbiased and real-world pricing. Subscribe today and find out what your car is really worth! CLICK HERE to subscribe © 2025 Active Interest Media All rights reserved the ones inside the former William Fuller estate would no doubt speak of the high times of the Roaring ”™20s to the lows of a blaze that nearly destroyed it to an amazing 40-year run as a well-regarded French restaurant The 400-acre spread on Studio Hill Road in the town of Ossining was built in 1904 to serve as the country estate of Fuller philanthropist and the president of American Tobacco Legend has it that when “Gone With the Wind” was being filmed in the late 1930s the building was used for exterior shots of Tara the fictional plantation on which the character Scarlett O”™Hara lived Concrete evidence supporting the story remains elusive and so the legend remains a legend the mansion was home to Thoroughbred horses and elephants The resident pachyderms are easy to explain as the owner of the house at the time was a Dutch businessman who fancied himself an “amateur circus master” who had shows in New York City and the East Coast the mansion served as a riding academy in the 1950s It wasn”™t until 1960 that it became the long-running restaurant Maison Lafitte the mansion became home to a pair of short-lived and less than memorable eateries heard the mansion was available four years ago with three partners they formed North River Hospitality Group Inc and have leased the site for 20 years from owner Sayed Nayeem of Chappaqua Renovations began a year ago and on March 28 the restaurant opened Haymount House will serve as a space for weddings and corporate events The first wedding reception was held April 14 Breschel”™s ties to Haymount House are intertwined with his time as a student at Fordham University and Fordham Law School “I was first here in the late ”™70s,when one of my professors at Fordham said he would take me to his favorite French restaurant a restaurateur from Pleasantville who owns Pizza Station in Chappaqua and Katonah a landscaper from Staten Island who is married to LaRosa”™s sister Breschel met Darmanovic at Pizza Station “That was my family”™s Friday night out.” The two decided to go into business together and brought in the other two partners One of Breschel”™s goals for the new restaurant is to bring back the French countryside feel of Maison Lafitte as well as locally grown food “We have a garden in the back and what we don”™t get from there we get from local farms or if it has to be brought in from somewhere else which Breschel said is about half the size of what it will eventually be features appetizers such as spring risotto farm house egg and pancetta; and foie gras terrine Entrees include ravioli using ricotta from Sprout Creek Farm in Dutchess County and Long Island striped bass with garden peas The creator of these goodies is executive chef Scott Riesenberger “My goal is to be something like Blue Hill at Stone Farm,” said Breschel “but more economical.” He said a recent lunch there was $275 a person I”™d like it to be someplace that”™s not just for special occasions And I love when people look at a menu and say ”˜There are so many good things on it I”™ve got to come back again,”™” he said Breschel said Hudson has all its site approvals which is needed even if recorded music is played But there will be live music for the weddings and he said he is hoping to have live jazz All this will happen in a building that Breschel said really doesn”™t look very different than it did 108 years ago “Someday I”™ll have to go back to practicing law,” he said which is his own criminal defense practice along with teaching law in Fordham”™s MBA program This page is available to subscribers. Click here to sign in or get access. and website in this browser for the next time I comment Δdocument.getElementById( "ak_js_1" ).setAttribute( "value" CNN (CNN) — Former Vice President Mike Pence said Sunday while receiving the John F CNN (CNN) — Former Vice President Mike Pence said Sunday while receiving the John.. Trending Westchester Enjoy 4 weekend car events and the great weatherThe Republic | azcentral.comThe highlight of the weekend is the 2015-Model Arizona International Auto Show indoors at the Phoenix Convention Center Also in Phoenix is a cruise-in and car show at Arizona Open Wheel Racing Museum and the Motorsports Hall of Fame the weather is perfect for taking a drive so why not head to Maricopa for an Edsel Fest or to Coolidge for views of a Daytona prototype Corvette The Arizona Roadrunner Edsel Club sponsors this car show at Harrah's Ak-Chin Casino the automobile with a cult following that caused crowds to flock to dealerships in 1957 but goodie bags and door prizes will go to owners of cars on display Enjoy a red 1959 Edsel Corsair convertible owned by Dave Kirkel Check out classic cars and meet owners at the Collector Car Club of Coolidge's first open car show featuring the red No 99 Gainsco Auto Insurance Corvette Daytona Prototype The family event will include an art walk and a make-and-take holiday craft for kids and there will be a raffle and prize drawings See exhibits detailing Arizona's open-wheel racing scene inside and cars of all makes and models outside at Arizona Open Wheel Racing Museum and the Motorsports Hall of Fame Trophies for such categories as American street and hot rod fabricators' award and museum favorite will be awarded music from the Dry Surfinis and barbecue food and beer will be for sale Proceeds will benefit Phoenix Children's Hospital and UMOM New Day Centers $3 for children or bring an unwrapped toy or nonperishable food donation; includes museum admission 2015-Model Arizona International Auto Show Need to hide from Thanksgiving meal prep or avoid the Black Friday crowds Get a peek at the coolest cars and accessories coming your way next year and maybe get some gift ideas to share with your loved ones Subscribe to daily business and company news across 19 industries because Sorbet is predominantly a franchise business she also needs to ensure that all the franchisees buy into the culture as well She admits to being called the brand ‘Rottweiler’ as to overcome this means to be a little unpopular at times and she’s OK with that (which is perhaps one of the reasons her dad often jokes that his biggest problem was that he ran out of children) Kirkel shares more about her role as brand manager for what is becoming the 'Starbucks' of beauty salons and her perspective on working for your dad being a mother of three and staying in the job market and why to stop trying to make everything balance all the time… I remember my father announcing at the dinner table one evening (I was about 17) that he was going to start a chain of beauty salons Dad.” I must admit my initial belief in the brand was more of a ‘is this a joke’ kind of response He genuinely believed in serving others before making money and those three reasons were enough for me to know that this brand would be something special one day Politics because I loved learning how policies and governments shape the different countries Marketing because I felt I had a creative flair that I needed to learn how to put to use I then went on to study a Post Management Diploma at Wits Business School in 2008 where I completed a two-month internship at Investec I always knew I would join Sorbet after I had completed my studies and I was excited to put my learnings into practice (Although I believe that studying is wasted on students and if I had to go back now I would ask a lot more questions and take in a lot more information.) there are so many lessons I’ve learnt over the years but if I had to narrow it down to one it would be this: the success of a brand relies on having a very strong brand voice One that is clear on who it is and what it stands for consistent in both it’s actions and words and My day-to-day functions are never static (which is great because routine goes against my nature) every social media post – basically everything we do – is true to our brand and community My biggest challenges are growth and consistency it gets harder and harder to keep a hold of it and make sure that everyone in the company is a believer and is living the Sorbet way because we are predominantly a franchise business we need to ensure that all the franchisees carry through the branding and marketing at store level and are on board with our brand direction and strategy We are totally culture crazy at Sorbet and we reinforce the culture and brand values every opportunity we get Training and workshops are another way we overcome the challenges by making sure we share knowledge openly and transparently at all times Sorbet UK marketing comes with its own set of challenges and we’re basically starting from scratch just a little wiser and possibly less naïve I am not heavily involved in the branding and marketing of Sorbet UK for now focuses on that area and thank goodness she is as passionate and driven as I am I’m proud because when my dad started this business no one truly believed he could do it and he met with many sceptics along the way I made it my mission to build a brand that South African women would come to trust and love We sell a feeling and we wanted people to walk out of a Sorbet feeling better than they ever thought they could and I think to a large extent we’ve managed to achieve that We now have over 180 stores countrywide and the comment we hear most often from people is that they love the friendliness of the staff the consistently of the treatments and that you can go to any Sorbet and know what you’re getting How do you plan to build the brand going forward Any exciting developments/innovations that we can expect in the near future Cementing the strong brand voice and staying true to what we stand for and believe in will help make the future a little easier We intend to continue on entrenching the soul of Sorbet ideals being bold and really touching the lives of women and men everywhere We would love to take the brand into Africa (so watch that space) and grow our amazing extension brands Sorbet Drybar Our Sorbet product line is continuously expanding and we have two very exciting product ranges coming in 2017 and 2018 “Why did you decide to work for your dad?” “Why should I work for someone else’s dad and build his company so that he can give it to his children one day?” my twin brother and my cousin are all shareholders of the business (my dad often jokes that his biggest problem was that he ran out of children) You cannot ask for a better foundation to a business than that We take every decision and encounter to heart we are the brand’s biggest advocates and we love it and live it all day I’m just lucky he started a beauty business I am the proud mama of three totally adorable girls (Maya I have read many books on powerful women and mothers in the workplace and I read every article and Facebook post that comes my way I am a strong believer in women staying in the job market Oprah’s favourite people are teachers and mine are women who start their own businesses I often get into trouble for my somewhat bold opinions but I feel quite strongly about women staying in the workforce and making a difference to our world I try where I can to encourage women to stay active in the business world to start their own businesses or charities we bring a different level of understanding and emotions to business We put our money back into society and education we raise families and nurture and build our own girls to dream big I constantly tell my daughter that she can do and be anything The stresses of being a mom to a toddler are short lived and we’ve seen what happens when women can break through that barrier – they become real change makers The incredible Pakistani teenager Malala famously said “Extremists have shown that what frightens them the most is a girl with a book.” The trick is to stop trying to make everything balance all the time Lean In that people talk about the work-life balance and when you pitch ‘life’ against ‘work’ It’s just called ‘living’ “How do you find the balance?” all I can imagine is this huge scale in front of me with work on the one side and life on the other and there’s me standing at the bottom trying my absolute best to make this bloody thing balance shifting small pieces of my me into each one until they sit perfectly balanced and then at the bottom of the scale stands ‘Guilty’ She could win awards for the role she plays in my life Guilty’s role is to come out every time the scale tips and swat me over the head with a cricket bat and when its something to do with motherhood she swats me twice Can I just live my life the best I know how I love the saying: ‘you need a village to raise a child’ I think one of the most important things to do as a mom is to have what I call my S.W.A.T team someone who can cook and someone who doesn’t like going out on Saturday nights Having a strong supportive team around you that you can rely on and trust is a game changer At the moment free time is when I take a shower With newborn twins and a busy toddler I am on the go all day But my favourtie thing to do is go for a 30-minute run I also love going out and being social and sharing crazy motherhood stories over a glass of wine with my equally exhausted friends I try go for regular manis and pedis just to feel good and for some time out It’s important to have some me time every now and then this weekend is Sorbet's happiest sale of the year with 20% off all retail products from 24 to 26 March Choose a topic below and thereafter view all articles on the topic using the "Next >" button or swiping left Choose a topic below and thereafter view all articles on the topic using the "Next >" button or the keyboard right arrow key and State Street — got cheaper in the opening weeks of 2022 as Vanguard cut expense ratios on actively managed mutual funds and ETFs while the others cut expenses on a variety of ETFs Vanguard reported lower expense ratios for seven share classes of actively managed mutual funds and one index ETF in prospectus filings for funds with fiscal years ending September 30 Vanguard said these reductions resulted in $4.4 million in savings for investors Vanguard's active bond funds reporting lower expenses include investor shares of the $6.2 billion Vanguard Core Bond Fund as well as investor and Admiral shares of the $2.6 billion Vanguard Emerging Markets Bond Fund investor and Admiral Shares of the $21.2 billion Vanguard Capital Opportunity Fund and the $568.1 million Vanguard International Core Stock Fund are reporting lower expenses The $19.9 billion Vanguard Short-Term Inflation-Protected Securities ETF is also reporting a lower expense ratio The cuts ranged from one to five basis points Vanguard reported lower expense ratios for 17 fund shares in almost $19 million in savings for investors The fixed income ETFs for which Vanguard reported lower expense ratios included corporate credit Treasury and mortgage-backed securities ETFs There were also cuts in other categories of Vanguard’s equity and balanced mutual funds and ETFs Leading the way was Vanguard’s Explorer Fund Value Shares BlackRock cut expense ratios on a variety of equity and fixed income ETFs BlackRock cut the expense ratio on its mortgage-backed securities ETF from six basis points to four and its short-duration Treasury inflation-protected securities ETF from four basis points to three 2022 1:37 PM From March 2021 to January 2022 State Street Global Advisors cut expense ratios on a variety of equity and fixed income ETFs with the biggest cut on the high-yield bond ETF The past 20 years have seen a dramatic drop in expense ratios for equity mutual funds from about 1% in 2000 to a half percent in 2020 according to the Investment Company Institute Hybrid and bond mutual fund expense ratios have also tumbled in that time — hybrid down 34% There are a few key reasons — a surge in fund assets a shift toward no-load share classes and competition Several factors help account for the steep drop in mutual fund expense ratios expense ratios often vary inversely with fund assets Another factor contributing to the decline of the average expense ratios of long-term mutual funds is the shift toward no-load share classes Mutual fund expense ratios also have fallen because of economies of scale and competition Investor demand for mutual fund services has increased dramatically in the past few decades president of American Private Wealth in Bedford said the lower fees can actually mean more money for advisors the advisor gets away with not lowering his or her own fee and can keep the client at basically the same all-in level,” said Ahmed “And if expenses go down and performance is elevated and barring a parallel increase in advisors’ own business expenses It’s a combination of two things — new money coming in or existing money growing faster with no rise in expense.” more opportunity to cut expenses for clients we make money when we reduce the cost of portfolios,” she said “A lower expense ratio adds to the client bottom line and our bottom line A reduction in the cost of existing funds is a great way to do that without turnover.” acknowledging that on the passive side: “There is little left to cut.” John McEnroe”™s philosophy for training future tennis champions isn”™t what you might think Kids don”™t have to leave their homes and families and move into an academy where they”™ll do nothing but play tennis They should have outside interests and even be involved in other sports “The big thing with John is at every other academy you have to come down to Florida get rid of every other interest in life and hope you”™ll be the one-in-a-billion player who ends up ranked high on the pro tour,” said Lawrence Kleger who will be the John McEnroe Tennis Academy”™s new director of tennis he thinks that makes them well-rounded ”“ better people He even encourages kids under age 10 to be involved in other sports even if tennis is their major sport.” McEnroe started his tennis academy in 2010 at Sportime on Randalls Island Its aim is to train top junior players for pro careers There is also a facility in Bethpage on Long Island and in September the academy will expand to Westchester at the Lake Isle Country Club in Eastchester has been the executive director of tennis at Sportime Clubs since 1998 and an assistant academy director for McEnroe”™s school since September 2011 Sportime Lake Isle will have an eight-court facility with synthetic clay indoor courts covered by three bubbles There will also be a 5,000-square-foot clubhouse Kleger said McEnroe”™s academy will use four of the eight courts “The sessions will run for the indoor season from September through the end of May or early June Kleger said McEnroe will spend most of his time at Randalls Island but be a “significant presence” at the other locations “He also personally interviews every staff member and gives his okay to every hire.” Randalls Island has the largest facility with 34 teachers They were players who had been ranked in the top 35 at one point was started in January and is set to be finished by September “We select students based on their ability He”™s been ranked as high as 14th among people 18 and under He made the quarters of the French Open juniors.” “She just won a Futures tournament in Buffalo and cracked the top 1,000 in her WTA ranking.” Futures tournaments give players a chance to improve their rankings When asked what McEnroe is like as a teacher of young players “You”™d be surprised to see how patient he is he knows just what to say and how to say it to kids Register Contact Us Newsletters JSE-listed South African-focused REIT Gemgrow Properties  today announced its interim results for the six months ended 31 March 2019 which owns a diversified property portfolio reported an increase of 17.8% in revenue (excluding straight line rental) relative to 31 March 2018 and dividends of 54,54 cents per A-share (31 March 2018 – 52,18 cents per share) and 35,31 cents per B-share (31 March 2018 – 38,52 cents per share) The A share performance is in line with expectations whilst the B share performance is a marginal improvement on the guidance communicated to the market at the end of the prior financial period Gemgrow has reshaped its once heavy-weight office property portfolio to a more diversified one Vacancies have increased in line with expectations from 7.6% at year-end to 9% This was due to several leases that the company forecast would not be renewed Office vacancy was most impacted and grown to 14% while the retail and industrial sectors have vacancies of 6.6% and 7.2% respectively Gemgrow has taken the necessary steps to improve its portfolio by investing in its assets with good property fundamentals and disposing of non-core assets Post the transfer of R761 million of assets that it acquired last year and transferred during the current year; it now comprises 163 properties valued at R5,6 billion The listed REIT also disposed R425 million of non-core assets of which eight with the value of R98 million transferred in the current interim period The remaining R327 million is expected to transfer during the remainder of the current financial period COO Alon Kirkel said: “During the first half of the financial year we remained focused on positioning our portfolio defensively by actively managing and improving the yield profile of our properties in order to mitigate risks arising from the protracted economic downturn This will provide up-side potential when the operating environment begins to improve and help sustain income during the tough economic environment.” The company continues to operate in a very challenging economic environment Tenants are under pressure and the supply of letting space outweighs demand This has resulted in an increasingly competitive rental environment where rental reductions and higher vacancies have prevailed The company has responded to these challenges by focusing on tenant retention competitive letting of vacant space and strengthening its balance sheet It also has invested in additional staff to improve its oversight in certain key areas The company employed two asset managers and two leasing consultants which is expected to assist in managing lease expiries and reducing vacancy rates  CFO Junaid Limalia highlighted that “The balance sheet remains strong and although the LTV ratio has increased to 32% we expect to reduce debt levels and debt costs through a combination of proceeds from planned disposals and the use of excess funds to reduce loan values in access facilities The company’s balance sheet is well positioned to weather the storm and take advantage of any opportunities that may arise.” Gemgrow announced a potential merger with Arrowhead Properties Limited According to COO Alon Kirkel: “We believe the proposed merger between Gemgrow and Arrowhead would result in synergistic benefits for all shareholders Gemgrow shareholders would benefit from the improved liquidity of shares and a significantly enhanced A-share cash cover we will continue to ensure the optimal management and performance of our portfolio by targeting efficiencies balance sheet strength and providing a service-driven offering.” Gemgrow expects dividend performance for the full year on the B-share to be marginally better than communicated in previous guidance eProperty News is a leading online commercial property marketplace serving the Southern African Investment Retail and Industrial property and allied sectors Privacy Statement Please publish modules in offcanvas position Two of Westchester”™s major corporations are seizing the day ”“ and the spoon ”“ to take advantage of Americans”™ growing appetite for yogurt yogurt has been the fastest growing food in the American diet The consumer research firm Mintel predicts yogurt sales in the U.S has opened a restaurant in Manhattan called The Yogurt Culture shop serving yogurt for breakfast and lunch in a variety of forms The restaurant is in the Grand Central Terminal area at 125 Park Ave It”™s the first time Dannon has opened a restaurant anywhere The shop won”™t sell the same pre-packaged yogurt it does in supermarkets but premium yogurt with fruit and other toppings along with frozen yogurt for dessert made by Yocream of Portland Also available is Greek-style yogurt made by Schreiber Foods of State College Greek yogurts have helped drive the yogurt craze since they are thicker and higher in protein and one of Germany”™s largest privately held dairy companies This represents the first entry by either company into the U.S The yogurt will initially be sold in 17 markets in the Northeast and mid-Atlantic Philadelphia and the Hartford-New Haven market PepsiCo”™s chief scientific officer for global research and development said in a statement that the dairy business represents a “category with strong growth prospects.” For PepsiCo it”™s the latest strategy to try and wean itself off reliance on snack and soda sales Dannon was noncommittal when asked if the restaurant was the beginning of a move by the company into yogurt as fast food but this is not an attempt to get into quick-serve restaurants,” said spokesman Michael Neuwirth not the launch of a chain; it”™s in the very early stages but it”™s premature to speculate about those.” That halo surrounds more restaurants these days “Restaurants like Chop”™t (Creative) Salad and Pinkberry have a health halo around them But that”™s not around anymore,” Seifer said said her research has shown that people want to eat healthier when they go out to eat but they don”™t necessarily want to hear about it “But they don”™t want to see things called hormone-free and organic It doesn”™t sound appealing and they”™re afraid they”™ll have to pay more for it.” sounds like one that will address these issues “As people get older they look for healthier options and the millennials (those 18-29) say they are looking for the same thing So you have two big groups of people looking for this option.” Riggs said that”™s why restaurants that fall into the fast casual category do well like Chipotle Mexican Grill and Panera Bread but they meet people”™s expectations in terms of quality and fresh ingredients People find good value for what they receive and that is key today.” The Company declared a dividend of 24,85 cents per A share and 18,15 cents per B share for the quarter ended 31 March 2017 Gemgrow holds a diverse portfolio of retail Gemgrow’s focus is to pay growing income returns to its shareholders on a sustainable basis This will be obtained through escalating rentals managing and reducing costs as well as acquiring revenue enhancing properties The company owns a portfolio of 129 retail industrial and office properties valued at R4,3 billion located across all provinces in South Africa Investment property has increased from R2,4 to R4,3 billion for the six months This was attributable to an asset exchange with Vukile Property Fund of 14 retail assets of R2,4 billion in exchange for 29 retail Gemgrow also acquired 100 properties valued at R1,9 billion from Arrowhead “We are excited about the future of Gemgrow and offer shareholders exposure to a unique dual-class share structure with a focus on acquiring assets at attractive yields that will boost growth prospects for the company over time,” commented Junaid Limalia Gemgrow also conlcuded agreements to acquire R477 million worth of properties at a yield of 11,85% These acquisitions are still subject to various conditions These properties are yield and quality enhancing and cement the Gemgrow strategy of growing the portfolio aggressively through yield enhancing acquisitions “We are on track to ensure that we meet our dividend forecast for the year and are well on our way to create and maintain shareholder value through our unique positioning affording us opportunities to deliver yield accretive acquisitions.” Please publish modules in offcanvas position.