Family Financial Connections archive
Date: August 2016
The third-richest male worldwide, Warren Buffett, is making a play for luxury real estate. His Berkshire Hathaway affiliate HomeServices of America just purchased Dallas realproperty firm Allie Beth amp; Associates, marking the company’s very first foray into Texas.One of the highest-grossingfirms in Dallas, the brokeragespecializes in high-end properties, with$1.5 B insales last year.”We love Texas …,”said HomeServices chairman and CEO Ron Peltier. “It’s a huge market that we prepare to grow. This definitely wont be the last acquisition.”
This year, HomeServices of America associates finished more than 22,000 transactions totaling over $77B in sales. [WFAA]
Lehigh Valley Company has actually been covering company news in Berks County for 25 years.But, for the very first time in its quarter-century history, LVB is taking its realrealty and development symposium to Berks County.
According to LVBs publisher, Mike ORourke, it is time for LVB to make more of a presence in Berks County, which is one quarter of the publications print circulation.
We are attemptingaiming to increase our exposure in Berks as much as possible, ORourke said this morning. By going out there, its going to assist us.
Tuesday early morning, about 160 people are expected at Stokesay Castle in Reading for Lehigh Valley Business Berks County Realty amp; Development Symposium. Sixteen industry-related suppliers will be on hand in the display location, and the occasion will feature speakers and panel discussions concentrating on realproperty development patterns in the Berks County area.
The seminar will kick off with a keynote address by Keith Aleardi, primary financial advisor senior vice president and chief investment officer for Fulton Bank.
The first of 2 panel conversations will focus on significant tasks in the Greater Berks location and will be moderated by Pamela Shupp, vice president, Greater Reading Economic Partnership.
Speakers will be Chris Brasler, president and CEO of Brasler Residence, which owns and manages homes in Berks County, and Alan Shuman, president and broker of record of Shuman Development Group, which has actually redeveloped, offered and rented more than 2 million square feet of industrial home in downtown Reading in the last 10 years.
The second panel discussion will be moderated by Steve Buck, investor of Stevens amp; Lee, and will focus on whats hot and whats not in the commercial, commercial, office and property genuineproperty markets in the Greater Berks County location.
Speakers will be Dave Mattes, Real estate agent of The Dave Mattes Group and president of Reading-Berks Association of Realtors, and Steve Willems, Society of Industrial and Workplace Realtors managing principal of NAI Keystone.
Typically, ORourke said, LVB has actually focused its occasions in the Lehigh Valley. To expand upon the success of its Lehigh Valley occasions, according to ORourke, LVB is thrilled to expand them into Berks County.
We feel Berks County is an untapped market, he said.
The objective of modern-day retail in the digital age is to make it as easy as possible to shop. Making certain customers see the ideal traits on their screens, keeping it as quick as practical to become the products into a customer’s hands and making checkout time so invisible regarding nearly be an afterthought– digital has actually brought new meaning to the word simple when it concerns buying for consumers.
On the one hand, this is excellent news for customers– who have an army of merchants incredibly rushing after them attemptingaiming to make certain they are always seeing the right traits on their screens and buying with the bare minimum of taps, swipes and difficulties when it comes time to pay.
On the other hand, sometimes it can be just a little too simple to go shopping– particularly for the vast, large bulk of shoppers who don’t have an endless budget to invest. Among the great thingsadvantages about the bad old days of in-store only retail (from a consumer’s point of view) is that the impulse buying was quite much something one could just do while in a store, normally while they were waiting the register. Now anybody with a laptop, tablet or phone (ie everyone) can delicately shop while they suffer the commercial. In reality, with the “buy buttons” emerging all over social networks, consumers are primed to go shopping– even if they startedbegan trying to find cat videos, or photos of their pal’s wedding event, or a text message. And where it’s simple to go shopping, it’s simple for customers to overspend.
“With more and more commerce transferring to online and mobile, people are looking for two things: convenience and trust. The one-click ‘‘ buy’ buttons fix the convenience problem – sometimes too practical for impulsive consumers,” Moven COO Ramy Serageldin kept in mind. Moven desireswishes to assist consumers benefit from the increased convenience, without conveniencing themselves right into the poorhouse. It is an online debit account matchedcoupled with a mobile app that tracks user spending. It then offers real-time signals and suggestions for users about how and when they can invest their cash, without the danger of running out completely by the end of the month.
Moven is not, itself, a bank– the debit accounts users can use (they can likewise link an existing savings account with another bank) are backed by Kansas-based CBW Bank, an FDIC member.
Moven is developedimproved the property that conscious spending and real-time insight into your spending practices develops a significantly more positive every day money experience. With this technique, Moven can empower individuals to change their costs behavior for the much better and enhance their monetary wellness gradually. Other debit and financial health products simply have not broken out of that budgeting state of mind yet, Vincent Bahk, Chief Client Officer at Moven, informed PYMNTS.
And for Moven, the innovation isn’t really simply about triggering consumers about their costs– it’s about actually utilizing the innovation to change customer behavior.
“Everyone understands they ought to conserve more, and make a budget, however we get overwhelmed and offerquit rapidly. As a result, most budgeting and individual finance apps simply end up focusing on unfavorable support or scolding consumers when they overspend. It definitely doesn’t offer the user a factora need to engage more than as soon as or two timesone or two times a month, not to mention every day like Moven, Bahk kept in mind.
Moven, on the other hand, is concentrated on providing users that reason to engage by making the procedure favorable and gameified such that customer feels great when they do conserve and stick to a budget plan not bad when they don’t.
Examples of that process include “Lock Away Savings” updates, in which users are informed they have actually underspent enough that it makes sense to lock away a few of that financing into cost savings. The phone then rewards the user by glowing in a “joyful and calming shade of green.
The gamification model is also attendaddress moving customers toward conserving for long-lasting objectives. That includes letting users set up “wish lists” that are quickly pulled from places like Pinterest (sublimating that need to tap a buy button when one sees something they like) and to “break the glass” on their locked away savings when they have actually reached a conserving turning point they’ve preselected.
Monetary health isn’t really about having a big checking account stored somewhere; it has to do with understanding where your money is coming and going even if that amount isn’t especially high, Bahk explained. For a lot of users, Moven can empower them to alter their costs habits for the better and improve their financial health in time, leading towards more money in their checking account.
Established in 2011, Moven has actually been available for large download because March 2014. It snapped up $4.4 million in seed funding prior to this newest round, according to CrunchBase. Its earlier investors included Kevin Plank, Esther Dyson and David Rose, and another $8 million Series A financing round, led by SBT Venture Capital in July of last year.
This week, Moven has announced its latest round– $12 million in a Series B funding round led by Path 66 Ventures.
With this newest round of financing, Moven will continue to bring its approach to monetary health and handling money on the relocation to existing customers and markets, with added areas in the pipeline. It will also strongly broaden its customer banking experience to consist of savings and credit, Bahk informed PYMNTS.
Bahnk is one of two senior executives to join the company’s management team recently. He is joined by Greg Midtbo, Moven’s new handling director, business, who will supervise all global B2B operations.