Updated March 27 at 7:56pm
Financial Services
790 results total, viewing 21 - 30
Sean McGarry is vice president and retirement plan service manager at Rockland Trust. He talks with Providence Business News about the recent U.S. Department of Labor ruling on the “conflict of interest” regulation, which is designed to protect investors from hidden fees in retirement-investment advice. McGarry breaks down the regulation and how it could affect clients and financial advisers.v more
(Updated 11:43 a.m. to reflect corrected information) The state pension investment fund lost approximately $471 million in fiscal 2016, marking a 5.9 percent reduction to $7.5 billion compared with fiscal 2015. more
(Updated 12:22 p.m.) A business incubator created by state law is at risk of shuttering due to a lack of support from the legislature that fashioned it. Urban Ventures, a legislatively created incubator based in Providence, was originally formed to support … more
Although Rhode Island’s financial services industry accounted for 4.2 percent of direct employment in 2015, the industry contributed 9 percent of the state’s gross domestic product, ranking 8th most in the country. more
(Updated 12:22 p.m.) Joseph M. Baptista is the president of Anchor Financial Mortgage Inc. in Pawtucket. The mortgage firm recently partnered with R.I. Housing and its new program, the Ocean State Grad Grant, which is designed to help new graduates purchase homes. He talks with Providence Business News about his firm, the program and the benefits to buying versus renting. more
The Hilb Group of New England last week launched a new division designed to help businesses with voluntary benefit products. more
EMoney Advisor, an interactive financial technology firm, wants to open a software development office in downtown Providence, where it will hire up to 100 new employees. It also is seeking up to $3.3 million in tax credits, Commerce Secretary Stefan Pryor said Wednesday. more
Lots of boys go through a blowing-things-up phase in their early adolescence. Ed Thorp’s was more explosive than most. The son of a security guard (his dad) and a Douglas Aircraft riveter (his mom) growing up in a working-class town near Los Angeles during and after World War II, at age 11 Thorp found a recipe for gunpowder in an old encyclopedia and began manufacturing it in large quantities, using it to power homemade rockets and rocket cars. more
(Updated: 12:30 p.m.) Centreville Bank recently made an $800,000 financing deal with a pair of restaurateurs who are expanding in Newport. The deal comprised three credit facilities: two U.S. Small Business Administration loans totaling $540,000 and a $260,000 term loan for working capital. more
Woodrow Crouch has been promoted to assistant vice president for Amica Life, at Amica Insurance. He previously served as a managing actuary. He holds a bachelor's degree in mathematics from Connecticut College. more
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