Last fall, Bud Drennan was raking leaves in his yard when he took a step back and thought, Maybe I’ve had enough of this. The retired Merrill Lynch stock broker had lived in his house for 48 years, but had been there by himself since his wife succumbed to Alzheimer’s seven years earlier. “Once I made up my mind, the question became, Do I want to buy a condo in Clayton? Or do I just want to make one leap?”
Paul and Laura Miller of 20 Minutes to Fitness are entrepreneurs who have figured out that the key to a certain kind of success is ‘total failure’—muscle failure, that is.
RONALD NORWOOD and BRIDGET HOY have been appointed as chairman and vice chair, respectively, of Lewis Rice Fingersh’s Diversity and Inclusion Committee.
“One of the most important professional relationships a client will have is with their financial advisor,” says Carole Wentz, branch manager overseeing Merrill Lynch’s St. Louis Metro Complex. As such, she says, it’s a decision not to take lightly. “They should choose someone they trust and are comfortable with. A trusting client-advisor relationship is key to success, and it’s so much more than just investment performance. They should really have someone who helps them identify and set their goals, and who works with them holistically.”
In today’s challenging economic climate with mine fields of financial schemes, a trusted financial adviser has become more important than ever. So local professionals recommend doing your homework to find a reputable one.
To help clients navigate today’s complex financial climate, Merrill Lynch offers a diverse group of skilled advisers to protect wealth, as well as seize potential investment opportunities. For more information, call one of the local branches—Clayton, 290-4900; Chesterfield, 636-537-4500; or Ladue, 997-2700—or visit local.ml.com/st_louis_mo.
The numbers show that women make up 45 percent of the workforce and control 95 percent of financial decisions in households across America. “Women are more prone to worry about their families, health care costs and the ability to meet their financial goals given the uncertainties within the economy today, so the value of a trusted advisor serves a significant need for women,” says complex director Carole Wentz, who notes that Merrill Lynch has 28 female financial advisors serving the local market.
Not only are these doctors saving lives here in St. Louis, but they are investing time, money and effort into helping people around the world.
What’s the cost of not doing your job? A letter of reprimand? An unpaid leave? Dismissal? What, if by failing to do what’s expected of you, you cost shareholders $60, $90 or more than $200 billion? That’s just what happened to Merrill Lynch, Fannie Mae and Citigroup when their corporate boards dropped the ball. Unfortunately, according to the authors of Money for Nothing: How the Failure of Corporate Boards is Ruining American Business and Costing Us Trillions, unless we change our game plan, that ball is still loose.
Julia Elizabeth Bay and Christopher Hancock Nilan were married July 10 at the Piper Palm House in Tower Grove Park in a ceremony officiated by Dr. Rudy Pulido. A reception immediately followed on the mild summer evening, with a patio cocktail hour, and dinner and dancing in the historic Piper Palm House.
For Graham Goldwasser, it’s all about the people at St. Louis Children’s Hospital—the staff, the parents and, of course, the kids. “Unfortunately, kids sometimes have to go to places like this,” says the Young Friends board chair. “But we are so fortunate to have an institution like Children’s Hospital in town—if kids have to go there, they’re in good hands.”
Mary Anne Mothershead and Adam Michael Kaiser were married Oct. 3 at Westwood Country Club in a candlelight ceremony, officiated by Lamira Martin. A dinner reception immediately followed, with a martini bar ice luge and dancing, and ending with a coffee bar and hot mini donuts from Stan the Donut Man.
With friends like these…The Fabulous Fox Theatre was aglow with double the star power during the recent opening-night party for Rent. The cast of La bohème, performed by Opera Theatre of St. Louis, and the cast of Rent, performed this month at The Fox, got together to meet their ‘counterparts,’ despite the nearly two centuries that separate their settings. Rent composer Jonathan Larson based his rock musical on the Puccini masterpiece, La bohème (set in 1830).
This is indeed the hurricane season; over the past weeks the world has watched a huge financial storm drive the grandest financial vessels in the U.S. fleet on the rocks. In response, the government has in effect nationalized Fannie and Freddie and AIG. We watched Lehman Brothers sink. A terrified Merrill Lynch ran into the arms of Bank of America. The storm battered mighty Morgan Stanley and Goldman Sachs; and Wachovia, with Citigroup for a couple of days, is now with Wells Fargo. The U.S. Congress hastily put together a $700 billion care package, but no one really knows if it’s a Band-Aid or a real cure. One thing is certain: This storm is far from over. What we have seen in recent days points to a flicker of light at the end of the tunnel. We are not certain what is coming, but based on recent developments, we are due some good news.
Must be something in the water…There are five…count them F-I-V-E…Ladue News ladies expecting new bundles of joy soon, and they were all recently fêted at a fun-filled office baby shower. Congratulations to KARYN MEYER, DAWN STREMLAU, MEGAN LANGFORD, KRISTIN TIBBETTS and RACHEL SOKOLICH (and their hubbies, of course), who will each welcome a new family member in the coming months.