Some of St. Louis’ most cherished companies are celebrating a milestone anniversary this year. Join LN as we honor these tried-and-true local establishments. Cheers!
She already had the stove, so Shelley Donaho jokes, “I bought the house to go with the stove.” Before becoming the keeper of one of St. Louis’ architectural gems, Donaho had visited the house before—she had even met the previous owner. Designed by Ernst Janssen, the 12,000-square foot historical marvel was originally built in one year’s time for $49,500; these days, if using the same quality of materials, that isn’t even enough money to repair the exterior railing.
In your 20s, saving for retirement likely is far from top of mind. Even as you get married, have kids and move up in your career, it still may seem part of the distant future. But local financial professionals recommend making investing a priority—at every stage of life.
Twenty years ago, four friends formed a fiduciary wealth management firm out of a lone Clayton office. Today, that firm’s focus on doing right by its clients has helped it grow to seven locations around the nation and $24.7 billion in assets under management.
When you prepare for your retirement, the focus is making sure you’ll be taken care of. But, are you ready to take care of someone else—such as an aging loved one—during that time?
Dr. Samuel Achilefu received the 2014 St. Louis Award for his contributions to medical research and optical imaging technology, specifically for his invention of cancer-detecting glasses that were successfully used in surgery.
Story: Theo Freeman struggles to make ends meet. He’s a small businessman who owns a TV and stereo repair shop, which you might guess isn’t doing a bang-up business in the age of flat-screen televisions and iPads. Still, he perseveres with the help of his wife Georgette and their son Sunny.
It’s no secret that the cost of college in the U.S. is rising. Although amounts can vary widely, a four-year college education can be more than $150,000, according to CollegeBoard’s 2014 Trends in College Pricing report. That could be a major contributor to why grandparents are increasingly stepping up to help finance their grandchildren’s education: A recent study by Fidelity Investments shows that 53 percent of grandparents are saving, or plan to save for such costs, while 90 percent report that they would do so if asked. We spoke to Sean McClanahan, a VP at Fidelity and head of its Ladue office, about the study.
Two renowned dancers are coming to St. Louis. Antonio and Kirven Douthit-Boyd are retiring as principal dancers from the Alvin Ailey American Dance Theater to become co-artistic directors of dance at COCA.
JERRY CRYLEN has joined Wexford Science + Technology, a BioMed Realty company, as senior director of development.
Gateway to Hope, which provides uninsured and underinsured breast cancer patients and those at high risk of having breast cancer with comprehensive care at no cost, has announced MARY LEE SALZER as its executive director.
Think for a few moments about your financial goals—they might include saving for a comfortable retirement, preparing for your children’s college education, purchasing a primary or second home, or leaving a legacy to the broader community. Everyone has goals like these, even though they can sometimes take a back seat to day-to-day concerns. A financial adviser’s job is to help you clarify those goals and turn them into a reality, says Brian King, wealth manager at Plancorp. “The goals are set by the clients, and it’s our job to discover them. We’re here to do a reality check, look at those goals and educate our clients about opportunities to achieve them.”
STACEY ABELES has been hired as director of special events for the March of Dimes Missouri Chapter. She previously worked at Gateway to Hope and The Consortium for Graduate Study in Management.
Some people are blessed to work in a field they love for their entire lives, while others find that their calling changes as they advance in their professional life. And still there are those who find fulfillment in their hobbies, which can take center stage once the responsibilities of work have given way to retirement. We spoke with two women who found their calling only after many successful years in another profession.
Caring for an aging loved one can be a daunting task. And when that task becomes too difficult for family members, they often turn to a health-care provider. But how can a family determine the best type of long-term care for their relative?
Imagine 100 people who start working at age 25. “By age 65, 1 percent will be considered wealthy; 4 percent will have enough money saved for retirement; 3 percent will still be working; 63 percent will be dependent on Social Security, friends, relatives or charity; and 29 percent will be dead,” says Alan Skrainka, chief investment officer at Cornerstone Wealth Management and author of the book Principle Based Investing: A Sensible Guide to Investment Success. “That’s frightening stuff. So I’m on a mission, trying to save the world—one investor at a time.”
Sixth-graders at Chesterfield Day School participated in a year-long philanthropy project during the 2013-2014 school year to raise funds for Support Dogs, Inc. The students sponsored bake sales, worked concession stands and used ticket money from their performance of School House Rock Live! Jr., to donate more than $2,000 for the organization.
The Acropolis has stood in Athens for more than 1,000 years. That symbol became the inspiration for the name and philosophy behind Acropolis Investment Management. “We liked the idea of a strong, safe place that serves as the citadel during good and bad times,” says David Ott.
When it comes to saving, things can get a lot more complicated than clipping coupons and knowing how to balance a checkbook. For many, adopting bad routines can stop the balance in your bank account mid-climb. Three area financial advisers spoke to LN about bad habits they see that can prevent you from building wealth—and how to break them.
Carlo and Betty Bruno have played golf from St. Andrews in Scotland to courses in Ireland, Italy and Australia. A love for the game brought the pair together at a St. Louis driving range in 1959—and they have been traveling the world together ever since.
There’s more to health than just the physical, a reality that the staff at Friendship Village sees every day. “We have a widow here who was very sick and lonely, and her daughter was thinking, I’m going to lose Mom,” recalls Friendship Village spokeswoman Joanna Jones-Raymond. “She moved her mom here from the Northeast; and now you’ll see her sitting on the couch talking with eight friends, and walking around the lake every day—she’s a different person. It’s not just physical. It’s the intellectual and spiritual fulfillment, all of it. You can see the difference.”
Award-winning realtors BERKLEY LAND and MATT LITWACK have joined forces with realtor KENDRA DOWNS and certified residential appraiser KAREN POLISHUK to form Land/Litwack & Associates. Last year, the group had a combined $20 million in sales. The team is part of the Berkshire Hathaway HomeServices Alliance Real Estate Network.
In celebration of the 10th anniversary of its musical theatre program, COCA this weekend is presenting Ragtime The Musical. The production features a cast of 50 and includes COCA alumni and students from 17 area high schools like Max Fiorello.
When asked about the Mari de Villa slogan, The Tradition Continues, president Fred Wiesehan explains in great detail the way the retirement community is focused on maintaining its long-established dedication. In doing so, the word that he continues to mention is 'care.'
Potted plants soften the edges of hardscape, mute street noise, and create a lush, colorful backdrop. One of the beauties of container gardening is that plants may be moved around to find the ‘best’ spot for their culture.