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Investors Left in the Dark as Millions Vanish After Accountant’s Death

Collegeville, Pennsylvania – Anne Bortner, a 65-year-old from South Jersey who works with individuals dealing with traumatic brain injuries, had entrusted $180,000 to accountant Joseph Pezzano in Collegeville, Montgomery County. This investment, made after the passing of her mother, was intended for her retirement. However, following Pezzano’s death at the age of 73 last Christmas Day, Bortner, along with her twin sister and brother, have been unable to locate their funds. Many other investors are …

Income-generating JPMorgan Nasdaq Equity Premium Income ETF offers security and growth for retirement portfolio investors

NEW YORK, NY – When planning for retirement, investors seek opportunities that offer a balance of income generation and potential for growth with reduced volatility. One such investment option that caught the attention of many investors is the JPMorgan Nasdaq Equity Premium Income ETF (JEPQ). This exchange-traded fund aims to provide investors with a steady income stream while also offering the possibility of capital appreciation, making it an attractive addition to retirement portfolios. As investors …

Private Equity Holdings Sold at Discount by US Institutional Investors Highlight Shift in Market Dynamics

Boston, MA – US institutional investors are navigating a shifting landscape in the private equity market, with many choosing to offload their holdings at a discount to reduce exposure to illiquid assets. Last year, pension funds and endowments collectively sold 99% of their private equity holdings at or below their net asset value on the secondary market, marking a significant increase from previous years. This trend reflects a growing reliance on the secondary market as …

Proxy Battle at Disney Looms as Investors Prepare for High-Stakes Shareholder Vote

Los Angeles, California – A significant showdown looms ahead at the upcoming high-stakes shareholder vote this week that will determine the future of Disney. This fierce battle, described as one of the most expensive proxy contests to date, will decide the direction of the entertainment giant’s leadership. Investors are divided over Disney’s stock performance, despite a nearly 50% increase in the last six months. Activist investors are seeking a higher return and aim to make …

Investors Brace for Outcome of Disney’s Board Shake-Up Battle

Orlando, Florida – Disney activist investor Nelson Peltz has been engaged in a battle for a board shake-up at the entertainment giant for months, with the results of a shareholder vote to select board members expected to be disclosed at the company’s annual stockholders meeting on Wednesday. It is a crucial moment for Disney as the company grapples with the changing landscape of the entertainment industry, including the shift from traditional cable packages to streaming …

Activist Investors Nelson Peltz and Jay Rasulo Win Support from CalPERS for Disney Board Shake-Up

Los Angeles, California – The California Public Employees Retirement System (CalPERS) has made a significant decision to influence the makeup of the Disney board. The pension fund, managing over $465 billion in assets, has backed the election of activist investors Nelson Peltz and Jay Rasulo. This move comes after a prolonged battle between Peltz, Rasulo, and CEO Bob Iger, as well as the existing board of directors. CalPERS, a major shareholder with approximately 6.6 million …

Shareholder Uprising: Disney Faces Challenge from Small Investors

ORLANDO, Florida – As Disney engages in a battle with activist investor Nelson Peltz, the stakes are high for the media giant. Despite the focus on this high-profile conflict, small shareholders are emerging as key players in the corporate drama. Peltz, known for his aggressive tactics in pushing for changes in company management and strategy, has set his sights on Disney’s board of directors. He believes that the company could benefit from his expertise and …

Performance: Kenanga Investors Honored with 2024 Lipper Award for Fund Consistency

Kuala Lumpur, Malaysia – Kenanga Investors has recently been honored with the 2024 Lipper Recognition for their outstanding and consistent fund performance. This prestigious award solidifies Kenanga Investors’ reputation as a leader in the field of financial management and investment. The recognition is a testament to the company’s dedication to delivering excellent results for their clients, showcasing their expertise and commitment to success in the industry. The Lipper Recognition is a highly respected accolade within …

Retirement Investors Surging into Millionaires Club as Stock Market Soars

Houston, Texas – A recent surge in the stock market has propelled more retirement investors into the millionaires club, according to data released by Fidelity Investments. The number of employees with 401(k) balances over $1 million saw a significant 41 percent increase in the fourth quarter of 2023 compared to the previous year. Fidelity Investments, a major administrator of workplace plans, reported a total of 422,000 401(k) millionaires by the end of 2023, marking a …

Roth IRA: Why Young Investors Should Open One Today, According to Financial Expert

New York, NY – Investors looking to maximize their retirement savings may want to consider Roth individual retirement accounts (IRAs). Unlike traditional IRAs, Roth IRAs require investors to pay taxes on their contributions upfront, rather than when they make withdrawals in their retirement years. However, this trade-off means that after-tax dollars can grow tax-free for decades, making Roth IRAs a powerful tool for younger investors. Certified financial planner, Clifford Cornell, from Bone Fide Wealth in …