Hyde Park Venture Partners, a Chicago-based venture capital firm with an office in Indianapolis, said its third fund exceeded its original goal of $75 million with help from repeat institutional investors.
The tie-up of the brokerage companies reflects the shift from a commission-heavy revenue stream to one more reliant on interest income and other client services.
Charles Schwab Corp.’s free trading offer is turning out to be a hit, drawing in new customers at a fast clip.
Indianapolis-based Kenzie Academy said the financing will help it offer programs across the country. The financing is backed by San Francisco-based Community Investment Management, an institutional impact investment manager.
This week, Peter “Pete the Planner” Dunn and host Mason King talk about spotting the emotions like envy, fear and shame that can lead to poor financial decision making.
A statement the Fed released after its latest policy meeting removed a key phrase that it has used since June to indicate a future rate cut is likely.
The Fed’s policymakers will likely frustrate anyone who is hoping for a clear signal about what they may do next. The central bank may prefer instead to keep its options open, economists say.
The strongest market performers in recent months have been companies that pay big dividends and are more likely to hold up during downturns. Investors, meanwhile, remain hesitant to plow their money into stocks.
The brokerage alleges that Erik Weiss, since leaving for a job with Raymond James & Associates last month, has been improperly soliciting clients to follow him.
Colleges nationwide are launching angel networks that connect business executives and investors with entrepreneurs and startups with ties to the school.
The Fed has already lowered rates twice this year, in July and September, not because officials forecast a steep downturn but because the risks of such a slump have mounted.
The Federal Reserve finds itself in an unusually delicate spot as it considers how much more to try to stimulate an economy that’s still growing and adding jobs but also appears vulnerable.
Last year, the Federal Home Loan Bank of Indianapolis had $32.7 billion in loans outstanding to its members, enabling them to extend their business reach further than they could on their own.
JPMorgan Chase and PNC Bank saw both their Indianapolis-area deposits and their market share decline over the past year, although they retained their positions as the area’s two largest banks, according to Federal Deposit Insurance Corp. data.
The U.S. Bankruptcy Court for the Southern District of Indiana handled 10,670 bankruptcy filings during the first nine months of this year—slightly fewer than a year ago.
David A. Noyes & Co. has helped raise money for companies—including Indianapolis-based Digonex Technologies Inc. and Fishers-based SteadyServ Technologies LLC—by persuading its clients to invest. But such investments, known as private placements, are risky by nature—and Noyes’ clients have not always been happy with the results.
Charles Schwab is betting the decision to lower or eliminate trading fees will help it attract customers, who’ve grown more vocal about the cost of investing.
The legal situation is increasingly complex for Kerri Agee, who in March was indicted on federal fraud charges in connection with her now-defunct Westfield financial services firm.
The former high-ranking executive for ACTnano Inc., ChaCha and Brightpoint pleaded guilty in August to theft and acting as an unregistered broker-dealer. He was already facing monetary judgements of more than $740,000 in two related civil cases.
U.S. stocks climbed Monday and gave one last nudge to ensure the Standard & Poor’s 500 emerged from yet another tumultuous quarter with a modest gain.
