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Ledgex Partners with Forest Systems to Deliver Advanced General Ledger Capabilities to the Family Office Market

Retrieved on:

Tuesday, November 14, 2023

Citadel LLC, Multi-family office, S corporation, Data management, Book, Family, AP, System, Partnership, Retail

WALTHAM, Mass., Nov. 14, 2023 /PRNewswire-PRWeb/ -- Ledgex and Forest Systems announced today that they have entered a strategic partnership that will provide Family Offices with a 'Best in Class' integrated solution that supports their unique needs across the full spectrum of investment and accounting requirements. The agreement brings together Ledgex expertise in analytics, private markets, and data management with Forest Systems specialized accounting support for Family Offices.

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The agreement brings together Ledgex expertise in analytics, private markets, and data management with Forest Systems specialized accounting support for Family Offices.
Forest Systems' handles the specialized accounting required for the different types of entities found within a Family Office, including partnerships, Subchapter S corporations, LLCs, foundations, trusts and estates as well as individuals, and delivers an integrated general ledger with Bill Pay and AR/AP capabilities.
"We are extremely excited to partner with Forest Systems to bring advanced accounting capabilities to our clients" said Ledgex CEO, Nicole Eberhardt.
"Forest Systems is proud to partner with Ledgex in the family office and accounting firm space.

Harvard Business Services Chooses FinCEN REPORT's Beneficial Ownership Reporting Software to Keep Clients in Compliance with the Corporate Transparency Act

Retrieved on:

Tuesday, October 24, 2023

Financial Crimes Enforcement Network, Delaware General Corporation Law, Treasury, CNBC, Venture capital, Congress, CTA, Crime, Software, Interview, DGCL, Citadel LLC, BOI, U.S. Department of the Treasury, Office of Inspector General, Privacy Office of the U.S. Department of Homeland Security, Cryptocurrency

According to a CNBC report from 2023, more than 60% of Fortune 500 companies are incorporated in Delaware. Many Venture Capital firms use Delaware corporations exclusively, due to the stability, flexibility and fairness of the Delaware General Corporation Law (DGCL), and tens of thousands of independent entrepreneurs choose to form their LLCs in Delaware. The CTA will affect more than 30 million businesses in the U.S. --which includes thousands of companies formed with Harvard Business Services. FinCEN REPORT's software will ensure that Harvard Business Services' clients are able to easily upload and file their BOI while maintaining data privacy.

Key Points:

FinCEN REPORT will help thousands of Delaware LLCs and corporations working with Harvard Business Services to file beneficial ownership information required by the Corporate Transparency Act.
FinCEN REPORT's software will ensure that Harvard Business Services' clients are able to easily upload and file their BOI while maintaining data privacy.
"Harvard Business Services is excited to partner with FinCEN Report," said Michael Bell, President of Harvard Business Services.
With FinCEN REPORT, Harvard Business Services and many other registered agents can ensure that their clients comply with the Corporate Transparency Act.

SEC Charges Citadel Securities for Violating Order Marking Requirements of Short Sale Regulations

Retrieved on:

Friday, September 22, 2023

Naked short selling, Commission, Record, Citadel LLC, Citadel Securities, Associate, Sale, Market, Logic, Security (finance), Melissa, Regulation, Financial adviser, Citadel, Enforcement

Washington, D.C.--(Newsfile Corp. - September 22, 2023) - The Securities and Exchange Commission today announced settled charges against broker-dealer Citadel Securities LLC for violating a provision of Regulation SHO, the regulatory framework designed to address abusive short selling practices, which requires broker-dealers to mark sale orders as long, short, or short exempt.

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Washington, D.C.--(Newsfile Corp. - September 22, 2023) - The Securities and Exchange Commission today announced settled charges against broker-dealer Citadel Securities LLC for violating a provision of Regulation SHO, the regulatory framework designed to address abusive short selling practices, which requires broker-dealers to mark sale orders as long, short, or short exempt.
To settle the SEC’s charges, Miami-based Citadel Securities agreed to pay a $7 million penalty.
According to the SEC’s order, for a five-year period, it is estimated that Citadel Securities incorrectly marked millions of orders, inaccurately denoting that certain short sales were long sales and vice versa.
“Compliance with the order marking requirements of Reg SHO is a key component of regulatory efforts to curtail abusive market practices, including ‘naked’ short selling,” said Mark Cave, Associate Director of the SEC’s Division of Enforcement.

The Real Brokerage Appoints Ravi Jani as Vice President, Investor Relations and Financial Planning & Analysis

Retrieved on:

Wednesday, September 20, 2023

The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, announced today that Ravi Jani has joined the company as Vice President, Investor Relations and Financial Planning & Analysis, effective immediately.

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The Real Brokerage Inc. (NASDAQ: REAX), the fastest-growing publicly traded real estate brokerage, announced today that Ravi Jani has joined the company as Vice President, Investor Relations and Financial Planning & Analysis, effective immediately.
View the full release here: https://www.businesswire.com/news/home/20230920797097/en/
Real appoints Ravi Jani as Vice President, Investor Relations and Financial Planning & Analysis.
Jani brings nearly 15 years experience in corporate finance, investor relations and capital markets, including over a decade as a fundamental equity investor and research analyst.
Most recently, he served as Vice President, Strategy and Investor Relations at Blade Air Mobility, Inc.

Capital Square Promotes Natalie Stephens to Regional Vice President of Southwest Sales

Retrieved on:

Thursday, September 21, 2023

Housing, University, Internal Revenue Code section 1031, REIT, Citadel LLC, Capital Square, Georgetown University, Internal Revenue Code, DST, FINRA, Cryptocurrency

RICHMOND, Va., Sept. 21, 2023 /PRNewswire/ -- Capital Square , one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced today that Natalie Stephens has been promoted to regional vice president, Southwest sales.

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RICHMOND, Va., Sept. 21, 2023 /PRNewswire/ -- Capital Square , one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, announced today that Natalie Stephens has been promoted to regional vice president, Southwest sales.
"Natalie Stephens is an exceptional talent who brings a high level of energy and expertise to her work at Capital Square," said Louis Rogers, founder and co-chief executive officer of Capital Square.
"She will do an excellent job of assisting financial advisors and their investors in her new role as regional vice president of Southwest sales."
Stephens joined Capital Square as an associate vice president in January 2022, providing sales and marketing support to financial advisors in the company's Central and Northeast territories.

Essential Properties Realty Trust, Inc. Announces Key Additions to Senior Management Team

Retrieved on:

Monday, August 28, 2023

Today, Essential Properties Realty Trust, Inc. (NYSE: EPRT) (the “Company” or “EPRT”) announced the recent appointments of Kristin M. Walker as Senior Vice President – Real Estate Counsel and Robert W. Salisbury as Senior Vice President – Capital Markets.

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Today, Essential Properties Realty Trust, Inc. (NYSE: EPRT) (the “Company” or “EPRT”) announced the recent appointments of Kristin M. Walker as Senior Vice President – Real Estate Counsel and Robert W. Salisbury as Senior Vice President – Capital Markets.
Prior to joining EPRT, Ms. Walker most recently practiced as a shareholder with Polsinelli PC, based in their Denver, Colorado office.
Ms. Walker has over 17 years of legal experience specializing in commercial real estate transactions, including as lead counsel to national REIT clients in the industrial and retail/net lease markets.
Most recently Mr. Salisbury was with Almanac Realty Investors, which was recently acquired by Neuberger Berman, and prior to that Mr. Salisbury was with Citadel Investment Group and V3 Capital Management.

LegalZoom Reports Second Quarter 2023 Financial Results

Retrieved on:

Tuesday, August 8, 2023

LZ, Small business, EBITDA, Adjustment, Citadel LLC, File, LegalZoom, Video game, Online shopping, Cryptocurrency

Cash and cash equivalents were $238.9 million as of June 30, 2023, compared to $189.1 million as of December 31, 2022.

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Cash and cash equivalents were $238.9 million as of June 30, 2023, compared to $189.1 million as of December 31, 2022.
Free cash flow was $37.4 million for the three months ended June 30, 2023 compared to $5.6 million for the same period in 2022.
Subsequent to the end of the second quarter, LegalZoom announced the launch of LZ Books, an online accounting solution developed specifically for single member LLCs or sole proprietors.
Noel Watson, LegalZoom’s Chief Financial Officer added, “We are pleased with our results for the second quarter, with record market share gains and improving profitability helping to drive both revenue and Adjusted EBITDA above the high end of our guidance range.”

Global Technology-Focused Search Firm Riviera Partners Welcomes Back Jeff Campbell as Partner in Its Private Equity-Backed Practice

Retrieved on:

Thursday, July 6, 2023

Citadel, Human, Private equity, Private, Korn Ferry, Strategic sourcing, Campbell, Citadel LLC, Partner, IXL, Heidrick, Heidrick & Struggles, Employment agency

San Francisco, CA, July 06, 2023 (GLOBE NEWSWIRE) -- Riviera Partners , the leading global executive search firm specializing in executive leadership placements in technology, product, and design talent, has welcomed back Jeff Campbell as a Partner in its Private Equity-backed practice .

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San Francisco, CA, July 06, 2023 (GLOBE NEWSWIRE) -- Riviera Partners , the leading global executive search firm specializing in executive leadership placements in technology, product, and design talent, has welcomed back Jeff Campbell as a Partner in its Private Equity-backed practice .
Campbell originally joined the company in 2018 when his recruiting firm, Alpha Advisors, merged with Riviera Partners.
Campbell was a Partner in the Private Equity-backed practice at Riviera before leaving in early 2023 for Bespoke Partners.
Said Campbell: “With regard to product and tech search, there is no other firm that compares to Riviera.

Slone Partners Names Kate Portland Vice President of Client Partnerships

Retrieved on:

Wednesday, May 10, 2023

Citadel, Partners Group, Water Street, Health, GTCR, Biotechnology, Human Capital, Towers Perrin, Kate, Goldman Sachs, Aon Hewitt, Citadel LLC, Client, Citigroup, Management

SOUTH RIDING, Va., May 10, 2023 /PRNewswire-PRWeb/ -- Slone Partners, a nationwide executive search firm for life sciences, biotechnology, and healthcare companies, has announced that Kate Portland has been named Vice President of Client Partnerships. In her new role, Portland will focus on developing and fostering new and existing client relationships to enhance the company's impact in the nation's investment firms, healthcare, and life sciences companies. Kate will also develop and lead executive searches for C-suite placements along with placing investment team members for private equity and venture capital firms.

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SOUTH RIDING, Va., May 10, 2023 /PRNewswire-PRWeb/ -- Slone Partners , a nationwide executive search firm for life sciences, biotechnology, and healthcare companies, has announced that Kate Portland has been named Vice President of Client Partnerships.
Prior to joining Slone Partners, Portland was the Head of Executive Talent at Water Street, a Chicago-based private equity firm dedicated to investing in the healthcare sector.
Previously, Portland was the Vice President of Human Capital at GTCR where she oversaw human resources and recruiting for the investment teams.
"Kate Portland is an accomplished and highly respected executive talent recruiter and client development specialist with an impressive track record of success over more than 20 years," said Slone Partners CEO Leslie Loveless .

Harbor Custom Development, Inc. Reports Fourth Quarter and Full Year 2022 Results

Retrieved on:

Friday, March 31, 2023

Harbor Custom Development’s President and CEO, Sterling Griffin, stated, “Our fourth quarter and full-year 2022 results came in below internal expectations.

Key Points:

Harbor Custom Development’s President and CEO, Sterling Griffin, stated, “Our fourth quarter and full-year 2022 results came in below internal expectations.
Gross profit (loss) for the fourth quarter 2022 decreased to $(5.0) million compared to $10.9 million for the fourth quarter 2021.
Gross margin for the fourth quarter 2022 decreased to (104.5)% compared to 41.2% for the fourth quarter 2021.
EBITDA for the fourth quarter 2022 decreased from $8.0 million in the fourth quarter 2021 to a loss of $(11.9) million for the fourth quarter 2022.