Multi-family office

Brown Brothers Harriman Adds Wealth Management and Multi-Family Office Team in Houston

Retrieved on: 
Tuesday, March 19, 2024
Consulting, Personal Finance, Professional Services, Philanthropy, Other Philanthropy, Asset Management, Data Analytics, Other Professional Services, Foundation, Thought Leadership, Finance, Salient Partners, Growth, Customer, Ianni, Partnership, Wealth management, Executive officer, Acquisition, BBH, Multi-family office, Brother, Financial services

Brown Brothers Harriman & Co. (BBH) is pleased to announce the expansion of its Wealth Management and Multi-Family Office team in Houston with the hiring of Matthew Summers and Matthew Moncrief.

Key Points: 
  • Brown Brothers Harriman & Co. (BBH) is pleased to announce the expansion of its Wealth Management and Multi-Family Office team in Houston with the hiring of Matthew Summers and Matthew Moncrief.
  • The expansion of the team also reflects the growth of the BBH business in Houston and across the state.
  • Both Matthew Summers and Matthew Moncrief have joined as Managing Directors on the Relationship Management team.
  • The team at BBH continues to deepen its ties and commitment to the Houston community and takes its civic engagement seriously.

Family Offices Address Inadequate Financial Literacy in Schools by Partnering With Private Tutors

Retrieved on: 
Thursday, December 7, 2023
Money and Pensions Service, Multi-family office, Language, Student, King's School, Tax, Tutoring, UHNW, Teaching, Child, Family, School, Curriculum, Freedom, Money, Anomaly, St Paul's Girls' School, Hammersmith, Education

The standard of financial literacy taught in private schools in the UK varies from school to school.

Key Points: 
  • The standard of financial literacy taught in private schools in the UK varies from school to school.
  • There is no national curriculum for financial literacy in the UK, so private schools are not required to teach any specific financial topics.
  • [1] This suggests that there is a need for more financial literacy education in all schools, including private schools.
  • To address the problem, some private schools in the UK now offer more comprehensive financial literacy programs, for example:
    The King's School, Canterbury offers a comprehensive financial literacy program covers topics such as budgeting, saving, investing, and debt management.

Family Offices Address Inadequate Financial Literacy in Schools by Partnering With Private Tutors

Retrieved on: 
Thursday, December 7, 2023
Money and Pensions Service, Multi-family office, Language, Student, King's School, Tax, Tutoring, UHNW, Teaching, Child, Family, School, Curriculum, Freedom, Money, Anomaly, St Paul's Girls' School, Hammersmith, Education

The standard of financial literacy taught in private schools in the UK varies from school to school.

Key Points: 
  • The standard of financial literacy taught in private schools in the UK varies from school to school.
  • There is no national curriculum for financial literacy in the UK, so private schools are not required to teach any specific financial topics.
  • [1] This suggests that there is a need for more financial literacy education in all schools, including private schools.
  • To address the problem, some private schools in the UK now offer more comprehensive financial literacy programs, for example:
    The King's School, Canterbury offers a comprehensive financial literacy program covers topics such as budgeting, saving, investing, and debt management.

McShane Completes Construction of The Quin Luxury Apartments in Schaumburg, Illinois

Retrieved on: 
Monday, November 20, 2023
Quartz, Niles Bolton Associates, Multi-family office, Hardie, McShane, Region, Hotel, Engineered wood

ROSEMONT, Ill., Nov. 20, 2023 /PRNewswire-PRWeb/ -- McShane Construction Company completed the construction of The Quin Apartments for repeat client The Finger Companies. Located in Schaumburg, Illinois, the luxury community incorporates 373 units and numerous amenities.

Key Points: 
  • The Quin Apartments offer 373 luxury apartments and generous amenities.
  • ROSEMONT, Ill., Nov. 20, 2023 /PRNewswire-PRWeb/ -- McShane Construction Company completed the construction of The Quin Apartments for repeat client The Finger Companies.
  • Located in Schaumburg, Illinois, the luxury community incorporates 373 units and numerous amenities.
  • Niles Bolton Associates provided architectural services for The Quin Apartments.

Ledgex Partners with Forest Systems to Deliver Advanced General Ledger Capabilities to the Family Office Market

Retrieved on: 
Tuesday, November 14, 2023
Citadel LLC, Multi-family office, S corporation, Data management, Book, Family, AP, System, Partnership, Retail

WALTHAM, Mass., Nov. 14, 2023 /PRNewswire-PRWeb/ -- Ledgex and Forest Systems announced today that they have entered a strategic partnership that will provide Family Offices with a 'Best in Class' integrated solution that supports their unique needs across the full spectrum of investment and accounting requirements. The agreement brings together Ledgex expertise in analytics, private markets, and data management with Forest Systems specialized accounting support for Family Offices.

Key Points: 
  • The agreement brings together Ledgex expertise in analytics, private markets, and data management with Forest Systems specialized accounting support for Family Offices.
  • Forest Systems' handles the specialized accounting required for the different types of entities found within a Family Office, including partnerships, Subchapter S corporations, LLCs, foundations, trusts and estates as well as individuals, and delivers an integrated general ledger with Bill Pay and AR/AP capabilities.
  • "We are extremely excited to partner with Forest Systems to bring advanced accounting capabilities to our clients" said Ledgex CEO, Nicole Eberhardt.
  • "Forest Systems is proud to partner with Ledgex in the family office and accounting firm space.

EnGenius Unveils the Switch Extender Series: A Transformative Solution for Seamless Ethernet and PoE Network Expansion and Connectivity

Retrieved on: 
Wednesday, November 8, 2023
Cloud, Power over Ethernet, Multi-family office, Azura (wave power device), VLAN, Maintenance, Senao Networks, RSTP, Environment, Power, Point, PDU, MTBF, Hospitality, PSE, Mean time between failures, Senior living, Video game, Ethernet

COSTA MESA, Calif., Nov. 8, 2023 /PRNewswire/ -- EnGenius, a leading innovator in connectivity solutions, is thrilled to announce the launch of their Switch Extender series starting with the EXT1105P. This cutting-edge solution is set to redefine how companies approach network expansion, engineered to meet the surging network extension demands of Multi-Family, Senior Living, Student Housing, and Hospitality businesses, including voice connectivity. With its Power over Ethernet (PoE) technology and multiple PSE output ports, the EXT1105P Switch Extender liberates businesses from the complexities and high costs associated with network cabling and power wiring and allowing them to effectively expand their networks.

Key Points: 
  • Power Availability: The Switch Extender series' Power over Ethernet (PoE) technology effectively addresses power constraints and lack of power outlets.
  • EnGenius combines the Switch Extender series with its unified EnGenius Cloud solution for streamlined network management and offering an end-to-end networking solution.
  • The switch extender family is an innovative solution that simplifies network infrastructure deployment while reducing capital and operational expenditures.
  • The EXT1105P Switch Extender is scheduled to start shipping in the latter part of the fourth quarter in 2023.

Builders FirstSource Reports Third Quarter 2023 Results and Updates 2023 Guidance

Retrieved on: 
Wednesday, November 1, 2023
Retail, Other Construction & Property, Residential Building & Real Estate, Manufacturing, Specialty, Construction & Property, Other Manufacturing, Adjustment, Q&A, BMC, Firstsource, Multi-family office, NYSE, Tax, Builder, EBITDA, Face, Share repurchase, Conference, LTM, Growth, Webcast, Depreciation, Central Time, Hand, CFO, Automation, Satellite navigation device, Car rental, Reinsurance, Real estate, Bookkeeping, Airline, Management, Pharmaceutical industry, Bank, Life insurance, Cryptocurrency, Natural gas, Beauty salon

Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the third quarter ended September 30, 2023.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the third quarter ended September 30, 2023.
  • Strong quarter-end balance sheet with liquidity of $1.1 billion and a net debt to LTM Adjusted EBITDA ratio of 1.1x.
  • “Despite industry volatility and macroeconomic headwinds, our resilient third quarter results reflect the strength of our value-added portfolio, broad footprint, and operational initiatives,” commented Dave Rush, CEO of Builders FirstSource.
  • Builders FirstSource will host a conference call and webcast on Wednesday, November 1, 2023, to discuss the Company’s financial results and other business matters.

NewEdge Capital Group Firm and Leadership Receive WealthManagement.com Awards for Excellence

Retrieved on: 
Thursday, September 14, 2023
Asset Management, Professional Services, Thought Leadership, Finance, Morgan Stanley, Wilmington Trust, Rockefeller, The Wealthy Barber, Multi-family office, RIA, Goss, RIAS, Family, KeyBank, Capital Group Companies, Financial adviser

NewEdge Capital Group, LLC , a leading and rapidly growing wealth management firm supporting successful financial advisors nationwide, announced today that NewEdge Advisors Co-CEO Alex Goss and NewEdge Wealth have been recognized for excellence at WealthManagement.com's annual Wealthies Awards.

Key Points: 
  • NewEdge Capital Group, LLC , a leading and rapidly growing wealth management firm supporting successful financial advisors nationwide, announced today that NewEdge Advisors Co-CEO Alex Goss and NewEdge Wealth have been recognized for excellence at WealthManagement.com's annual Wealthies Awards.
  • *
    NewEdge Wealth received the Family Office: Thought Leadership Award, and Goss was honored as an RIA Rising Star during WealthManagement.com's Sept. 7 awards gala in New York.
  • “We’re humbled to have been nominated for this award alongside an elite group of legacy firms like Morgan Stanley, Rockefeller, Wilmington Trust, and Key Bank," said Rob Sechan, CEO of NewEdge Wealth.
  • Goss also joined CEOs from four other RIAs to discuss the future of financial services and present NewEdge Advisors' forward-thinking perspective of the industry.

TDC Investment Advisory Announces Rebrand to TFO Wealth Partners

Retrieved on: 
Thursday, August 31, 2023
Integrated services, Multi-family office, TFO, We Need New Names, Financial services

MAUMEE, Ohio, Aug. 31, 2023 /PRNewswire/ -- TDC Investment Advisory, a national Registered Investment Advisory firm headquartered in Maumee, Ohio with offices around the country including Houston (TX), St. Louis (MO), and Winchester (VA), announced today it is changing its name to TFO Wealth Partners and has revealed their modified branding, new websites, and refreshed positioning statement. The beneficial owners, partners, and leadership of the firm remain the same.

Key Points: 
  • Brady Fineske, TFO Wealth Partners President added "Today marks an exciting milestone for us as we unveil our rebranding as TFO Wealth Partners, formerly known as TDC Investment Advisory.
  • At TFO Wealth Partners, we strive to go beyond traditional investment advisory.
  • TFO Wealth Partners is owned by TFO Partners, a holding company established earlier this year.
  • Visit www.tfowealth.com to explore TFO Wealth Partners' new website and brand, and learn more about their mission, team, and broad suite of solutions.

Builders FirstSource Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 2, 2023
Construction & Property, Natural Resources, Other Manufacturing, Specialty, Manufacturing, Retail, Forest Products, Residential Building & Real Estate, BMC, Housing, Share repurchase, Overalls, Tax, Firstsource, Central Time, LTM, Multi-family office, EBITDA, Investment, Depreciation, Builder, Webcast, CFO, Growth, Adjustment, Hand, Environment, Conference, NYSE, Car rental, Pharmaceutical industry, Real estate, Bookkeeping, Self storage, Management, Bank, Life insurance, Fossil fuel, Clothing, Beauty salon

Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the second quarter ended June 30, 2023.

Key Points: 
  • Builders FirstSource, Inc. (NYSE: BLDR) today reported its results for the second quarter ended June 30, 2023.
  • “Second quarter results surpassed our expectations driven by the strength of our value-added product portfolio, contributions from operational initiatives instilled over the last few years, and a more stable housing environment,” commented Dave Rush, CEO of Builders FirstSource.
  • We continue to generate robust free cash flow and prudently deploy capital, making four value-enhancing, tuck-in acquisitions to date in 2023 and repurchasing over $700 million of shares in the second quarter.
  • Builders FirstSource will host a conference call and webcast on Wednesday, August 2, 2023, to discuss the Company’s financial results and other business matters.