LJPR Financial Advisors merges with Ohio-based investment firm
Tyler Clifford - Now managing $4.9 billion in assets, Sequoia Financial Group seeks to expand its reach in the Midwest.
View ArticleFinancial adviser in Birmingham charged with stealing $3.7 million from clients
Kurt Nagl - John Maccoll, who worked at UBS Financial Services Inc., appeared in court Friday on charges of running the investment scam from 2010 to last March.
View ArticleUniversity of Michigan considers less public investment process
Mary Romano and Janet LorinBloomberg - The potential switch comes after an outside auditor said the process impedes the staff's ability to move quickly on investment opportunities.
View ArticleState closes Detroit-based credit union for 'unsafe' practices
Kurt Nagl - Greater Christ Baptist Church Credit Union, which has 396 members and $608,000 in assets, was closed Tuesday by the Michigan Department of Insurance and Financial Services.
View ArticleLondon-based Vitesse Media to buy InvestmentNews in $27.1 million deal
InvestmentNews - The acquisition of the Crain Communications Inc. publication marks the UK company's first foray onto the U.S. media landscape.
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Seven credit unions go in together — to form a bank
Dustin Walsh - The new bank is the first in Michigan since regulatory changes to banking code allowing trust services.
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Chemical in for city banking; who's out?
Crain's Detroit Business - Flash back to 2007: Comerica Inc. stunned its hometown when the bank announced it would move its headquarters to Dallas.
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Seven credit unions go in together — to form a bank
Dustin Walsh - The new bank is the first in Michigan since regulatory changes to banking code allowing trust services.
View ArticleTeens in Detroit jobs program to learn financial literacy
Associated Press - A Bank of America financial education summit will teach 130 teens how to manage a paycheck and better money habits.
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United Shore bets on costly amenities at new Pontiac headquarters
Annalise Frank - The mortgage lender spent $45 million for renovations, including $17.3 million in design features aimed at breeding loyalty and workplace satisfaction.
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Detroit neighborhood revitalization program Motor City Re-Store reworks strategy
Kurt Nagl - The city program has distributed only $10,000 of the $630,000 it awarded since it began last year. Under new leadership, it is looking to address barriers to project completion.
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Top Bernard Financial executive leaves to start Detroit development company
Kirk Pinho - Kevin Kovachevich had been with the state's largest commercial real estate debt originator since January 2000.
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Supporters of redistricting proposal target chamber board, Deloitte's Davidoff
Dustin Walsh - The Michigan chapter of Represent.Us plans to protest in front of the firm's Detroit office today over the push to thwart an anti-gerrymandering ballot proposal by Voters Not Politicians.
View ArticleMichigan State's bond debt to jump because of Nassar case
Martin Z. BraunBloomberg - The university's outstanding bond debt would increase 50 percent if it issues securities to pay for a $500 million settlement with 330 women and girls who were victims of...
View ArticlePlante Moran expands west with EKS&H acquisition
Tom Henderson - "This is exciting for people at Plante Moran. It creates a bigger sandbox for our people to play in," said Managing Partner Jim Proppe about the acquisition, which will make Plante...
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A few questions for Ina Fernandez
Rachelle DamicoSpecial to Crain's Detroit Business - Fernandez is the president and CEO of Fern Capital Inc., an investment advisory firm that specializes in managing portfolios using individual stocks...
View ArticleAnn Arbor lender accidentally declares mortgages delinquent
Hannah LevittBloomberg - Home Point Financial Corp. cited a system error that transmitted a test file to credit companies, saying some loans were delinquent, even though bills were paid on time.
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Wayne County bond rating gets two-notch boost as jail project nears
Tyler Clifford - S&P Global gave the county another rating boost following an update to its rating methodology that gave the county investment-grade status in April.
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Wayne State launches debt forgiveness program
Kurt Nagl - The program, which could wipe out as much as $2,200 in outstanding debt and fees per student, also has the potential to boost the university's enrollment and revenue.
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Specializing in seminars: White Glove Workshops finds niche planning events...
Doug HenzeSpecial to Crain's Detroit Business - Launched in 2015, White Glove Workshops provides materials to financial advisers for educational seminars on topics ranging from filing for Social...
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