Building Main Street, not Wall Street: The financial case for small business | News

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Albert Einstein made the following observation: “The world as we have created it is a process of our thinking. It cannot be changed without changing our thinking.” 

As a community determines how to spur growth during these challenging times, there are many things they should consider as they strategize their future. Some communities are great at tackling the usual issues, but many are unaware of many hidden expenses and stresses that will ultimately determine their future. Decisions made today will impact their community for generations to come. Let’s discuss a few considerations needing to be part of every community conversation regarding growth, strategy, and the future. Here are four that are oftentimes missed:

First, a study by Tischler & Associates a few years ago had some interesting findings. They found that specialty retail establishments made up of primarily locally-owned small and medium-sized businesses generate a net yearly return to their

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Signet Financial Management LLC Acquires 506 Shares of Realty Income Corp (NYSE:O)

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Signet Financial Management LLC raised its holdings in shares of Realty Income Corp (NYSE:O) by 5.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,487 shares of the real estate investment trust’s stock after acquiring an additional 506 shares during the period. Signet Financial Management LLC’s holdings in Realty Income were worth $593,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Louisiana State Employees Retirement System boosted its stake in shares of Realty Income by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,800 shares of the real estate investment trust’s stock valued at $881,000 after purchasing an additional 200 shares during the period. Dowling & Yahnke LLC increased its position in Realty Income by

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The Royale Firm Announces New Financial Lending Programs Added To Business Finance Suite

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The MarketWatch News Department was not involved in the creation of this content.

Sep 12, 2020 (AB Digital via COMTEX) —
12 September, 2020 – The Royale Firm, a leader in finance and corporate lending, has announced the addition of revolutionary new financial programs to its proprietary funding system, the Business Finance Suite.

The most comprehensive financial solution on the market, The Royale Firm is helping a new generation of business owners ensure their business setups to meet lending credibility standards so they can obtain the capital and credit they need to fuel their dreams. Relying on a professional team of financers, The Royale Firm actively pulls together legitimate business lending programs and works in tandem with hundreds of different lenders to offer unique loan programs for all different types of borrowers.

An innovative program empowering businesses with access to cutting-edge financial tools and resources, The Royale Firm has set

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Optimize Wealth Management Welcomes Stuart Proctor as Senior Financial Planner, Furthering its Nationwide Expansion

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TORONTO, Sept. 16, 2020 (GLOBE NEWSWIRE) — Optimize Wealth Management announced the recent addition of Senior Financial Planner Stuart Proctor to the firm. Stuart has an extensive history of helping clients in the Calgary region meet their desired long-term goals.

“We are thrilled to have a knowledgeable and skilled planner such as Stuart join our team,” said Matthew McGrath, Head of Advisory Channel and Corporate Development at Optimize Wealth. “We are confident that Stuart can aid in providing comprehensive financial planning to our clients through our entirely holistic approach.

Working alongside a competent and skilled team of licenced portfolio managers, Stuart will help clients to achieve prosperity and long-term success from Optimize Wealth’s newest office in Calgary.

“I’m pleased to be joining Optimize,” said Stuart Proctor, Senior Financial Planner. “Now with the help of Optimize Wealth’s multi-family office platform and their robust portfolio management, my clients will benefit from

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The Healthcare Financial Management Association Releases Best Practices for the Fair Resolution of Patients’ Medical Bills

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The MarketWatch News Department was not involved in the creation of this content.

Washington, D.C., Sep 17, 2020 (GLOBE NEWSWIRE via COMTEX) —
Washington, D.C., Sept. 17, 2020 (GLOBE NEWSWIRE) — The Healthcare Financial Management Association (HFMA) today published voluntary best practices for the fair resolution of patients’ medical bills. The best practices are designed for use by healthcare providers, providers’ business affiliates and credit bureaus. Jointly published with the Association for Credit and Collection Professionals (ACA International), the 28-page report updates and extends guidance that was originally published by HFMA in 2014. The report emphasizes the importance of educating patients and ensuring that they understand the account resolution process.

“Education and engagement are important throughout a patient’s financial experience,” said HFMA President and CEO Joseph J. Fifer, FHFMA, CPA. “Transparency is important not only for price information but also with regard to financial assistance policies, identifying sources of coverage,

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Blume Global Welcomes Tom Williams as Chief Financial Officer

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PLEASANTON, Calif., Sept. 16, 2020 /PRNewswire/ — Blume Global, a leading provider of logistics and supply chain solutions empowered by the largest globally-connected network, today announced Tom Williams as its new Chief Financial Officer (CFO). Most recently, Williams led the finance team at Steelwedge as their CFO, which included the management of the acquisition by E2Open. Prior to Steelwedge, Williams served as Chief Financial Officer for Evestment, Inc., the world’s largest institutional investment database, for more than six years.

With more than three decades of experience in finance, including leadership roles at public companies, including Manhattan Associates and Sterling Commerce, Williams will work closely with Blume’s CEO and management team in order to help shape and define business strategies. His extensive knowledge of leading companies through initial public offerings and acquisitions, transparent accounting practices, investor relations, and experience in guiding companies through challenging times will be invaluable as Blume

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Mobile financial management platform for business Monit makes debut

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Monit, a mobile financial platform designed for small business owners, will launch today with a demo at Finovate Fall 2020.

Monit keeps business owners on top of their key financial numbers and forecasts cash flow using advanced, patent-pending predictive technologies packaged in an intuitive, mobile experience. Responding to the COVID crisis, Monit includes features every PPP borrower can use, including automatically monitoring transactions and providing guidance to optimize PPP forgiveness. Monit is distributed through banks for their small business clients. For a limited time, small businesses under duress or challenged by PPP forgiveness will also have access, at no charge, directly at monitapp.io/free.

According to a study commissioned by a U.S. bank, more than 80 percent of small business failures are due to poor cash flow management. Monit puts visibility into current and future business vitals in the palm of the small business owner’s hand. The platform helps

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Braves lay off ‘dozens’ after dire financial report – report

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The Atlanta Braves are laying off employees throughout the organization following a precipitous drop in revenues in the second quarter, multiple outlets reported.

The Atlanta Journal-Constitution said “dozens” of full-time employees will be cut.

Last month, team owner Liberty Media said revenues fell by 95 percent from $208 million to $11 million in the second quarter as a result of the coronavirus pandemic. The Braves had an operating loss of $26 million compared to $62 million in the second quarter of 2019.

Non-contract employees will work until Oct. 1, while those on contract will not have their deals renewed. The cuts involve both the baseball and business sides of the franchise, with employees in scouting and player development, minor-league operations and real estate among those affected, according to the report.

“The Atlanta Braves have completed a reorganization of full-time staff,” the team said in a statement, per the Journal-Constitution. “…

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Treasury launches financial management projects leveraging automation, blockchain

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Written by

Dave Nyczepir

The Treasury Department is using emerging technologies to streamline how agencies manage their finances in two projects launched Monday.

Both projects are being run by the Bureau of Fiscal Service‘s Office of Financial Innovation and Transformation with support from Deloitte and are expected to save the government millions of dollars annually.

The first project, Digital End-to-End Efficiency (DEEE), is focused on digitizing and automating entire business processes, rather than using robotic process automation (RPA) or artificial intelligence to expedite parts.

“DEEE shifts away from the current trend in automating individual tasks with RPA and looks at the entire process,” said Cindy Good, program manager at BFS, in the announcement. “We want to identify improvements using a suite of automation choices, if needed, to support a
seamless process.”

Two unnamed agencies have partnered with Treasury to apply the repeatable, scalable DEEE framework

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Taliban’s Expanding ‘Financial Power’ Could Make It ‘Impervious’ To Pressure, Confidential Report Warns

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The Taliban’s burgeoning financial might could make the militant group immune to pressure from the international community as it negotiates a role in postwar Afghanistan, according to a confidential report commissioned by NATO and obtained by RFE/RL.

The Taliban “has achieved, or is close to achieving, financial and military independence,” a scenario that could allow the Sunni extremist group to renege on key commitments it has made under a U.S.-brokered peace plan aimed at ending the 19-year war, the report warns.

“That financial independence enables the Afghan Taliban to self-fund its insurgency without the need for support from governments or citizens of other countries,” says the report, based on interviews with senior Taliban operatives, Afghan officials, and foreign experts.

“It also, arguably, provides insurance for the Taliban’s continued relationship with other listed terrorist groups, including [Al-Qaeda].”

The Taliban has expanded its financial power in recent years through increased profits from

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