Connect with us

Indianapolis, IN

Indianapolis-based Sanctuary Wealth ousts CEO, but won’t say why – Indianapolis Business Journal

Published

on

Indianapolis-based Sanctuary Wealth ousts CEO, but won’t say why – Indianapolis Business Journal


Indianapolis-based Sanctuary Wealth has eliminated its founder and CEO Jim Dickson for trigger, however the monetary advisory agency isn’t saying why.

Sanctuary disclosed final month that it had appointed an current board member, Adam Malamed, as CEO efficient instantly. That announcement didn’t embody any point out of Dickson.

Advertisement

Malamed beforehand served as chief working officer and board director of Ladenburg Thalmann, a community of wealth administration and different monetary companies corporations with 4,500 monetary advisors, roughly $200 billion in consumer property and an enterprise worth of $1.3 billion.

The CEO announcement got here only a day after Sanctuary had issued a press launch wherein Dickson introduced that the agency had opened a New York Metropolis workplace. The discharge included a photograph of Dickson and different Sanctuary executives at a ribbon-cutting.

Adam Malamed

Then, on March 3, Sanctuary filed a Kind U5—a disclosure that the Monetary Trade Regulatory Authority requires corporations to file inside 30 days after a person leaves the agency.

In response to an IBJ question, Sanctuary spokesman Donald Cutler mentioned the agency’s board had eliminated Dickson from each his CEO function and from the board of administrators for trigger, although he declined to offer the precise purpose.

“We don’t focus on former staff and the circumstances of their departure, nor can we offer extra data outdoors of what’s in a regulatory submitting,” Cutler mentioned in an e-mail. “Whatever the circumstances of Jim Dickson’s termination, this CEO change was created from a place of power. Sanctuary is rising, well-capitalized and within the strongest monetary place in its historical past. Over the previous 30 days, Sanctuary has accomplished a easy and seamless CEO transition, as we embark on the following stage of our development imaginative and prescient, which continues to prioritize the success of our associate corporations above all else.”

Advertisement

Dickson’s lawyer, Brian Hamburger of New Jersey-based Hamburger Legislation Agency LLC, additionally declined to say why Dickson was terminated.

“One month in the past, Mr. Dickson was requested to stroll away from the corporate which he proudly based,” Hamburger wrote in an e-mail. “All through his tenure, Mr. Dickson diligently served the corporate’s pursuits whereas disrupting a complete business. He has taken critically his obligations to serve the pursuits of all stakeholders and vehemently denies any allegations on the contrary. He left Sanctuary in an enviable place of power and desires his Sanctuary crew and associate corporations continued success. Like many entrepreneurs within the business of late, he relinquished management to well-capitalized traders. There are such a lot of constructive classes he has discovered from this expertise and, whereas Jim is unable to interact in dialogue presently, he’s trying ahead to a possibility to share them along with his many supporters.”

Dickson based Sanctuary in 2018 after the agency acquired Indianapolis-based David A. Noyes & Co., which in 2020 modified its title to Sanctuary Securities Inc. Earlier than founding Sanctuary, Dickson had spent the earlier 20 years at Merrill Lynch.

Italy-based Azimut Group acquired a 55% possession stake in Sanctuary in 2021. In Could, Sanctuary acquired a $175 million funding from New York-based Kennedy Lewis Funding Administration, a monetary agency that’s partially owned by Azimut.

Sanctuary Wealth has grown aggressively since its founding, and its community now contains associate corporations in 28 states with a cumulative $25 billion in property below advisement.

Advertisement

Sanctuary Wealth’s subsidiaries embody funding advisory agency Sanctuary Advisors LLC; broker-dealer Sanctuary Securities Inc.; Sanctuary Insurance coverage Options LLC; Sanctuary World Household Workplace LLC; and Sanctuary Industrial Mortgage Group LLC.

In 2021, regulators censured the agency and ordered it to pay greater than $530,000 in fines and restitution as a part of a settlement settlement over alleged rule violations on the agency. The alleged violations occurred when the agency operated as David A. Noyes & Co.



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Indianapolis, IN

Del Frisco’s Double Eagle Steakhouse to open Indiana location this week. What to know

Published

on

Del Frisco’s Double Eagle Steakhouse to open Indiana location this week. What to know


play

A high-end steakhouse with a name that’s a mouthful is making its debut in Indiana.

Del Frisco’s Double Eagle Steakhouse will open in downtown Indianapolis at 14 W. Maryland St. on Aug. 2, serving hand-cut steaks and fresh seafood.

Advertisement

It’s the first traditional steakhouse chain operation to open in downtown Indy since Tony’s landed at 110 W. Washington St. in 2018.

Harmony Steak House, a Japanese concept, plans to soon open a restaurant at 220 N. Meridian St.

Who owns Del Frisco’s Double Eagle Steakhouse?

The Houston-based brand was founded in 1981 with the first Del Frisco’s opening in Louisville, Kentucky.

Since 2019, Del Frisco’s Double Eagle Steakhouse has been owned by Landy’s Inc., which also operates Mastro’s, Morton’s The Steakhouse and The Oceanaire Seafood Room fine dining chains; Bubba Gump Shrimp Co., Joe’s Crab Shack and McCormick & Schmick’s casual restaurants; various hotels and Golden Nugget casinos.

Other Del Frisco’s Double Eagle Steakhouse restaurants are in Atlanta, Georgia; Boston, Maryland; Charlotte, North Carolina; Dallas, Texas; Denver, Colorado; Fort Worth, Texas; Houston, Texas; Las Vegas, Nevada; Los Angeles, California; New York, New York; Orlando, Florida; Philadelphia, Pennsylvania; Pittsburgh, Pennsylvania; Plano, Texas; San Diego, California; and Washington, D.C.

Advertisement

$5 cocktails and bites: P.F. Chang’s has a new happy hour menu

Management is Indiana grown

Alan Forman is general manager at the Indianapolis restaurant.

He grew up in Middletown, Indiana, and worked at The Oceanaire Seafood Room in Indianapolis, as well as local Olive Garden restaurants and Morton’s The Steakhouse in Cincinnati, Ohio.

Del Frisco’s steaks and butter cake

Del Friso’s specializes in USDA Prime beef, so expect the likes of 45-day, 16-ounce dry-aged Prime ribeye ($90);  32-ounce Tomahawk ($130); and three-ounce Japanese A5 Wagyu steaks ($80).

Advertisement

Its signature dessert is a butter cake served warm with vanilla ice cream, whipped cream and caramel sauce ($14).

Drinks at the Del Frisco’s in Indianapolis 

The wine list is huge, with 700 selections to start.

A bar on the first floor, hosting live music, has a shelf dedicated to bourbon and one that is filled with tequila.

Breakfast deal: Perkins offers classic meal for under $5

Advertisement

Dining space is over two floors

Total seating at the restaurant is 204, including 34 seats on the patio.

The main dining room is on the second floor, accessible via stairs or elevator. Private dining areas are available.

Each Del Frisco’s is decorated to reflect its host city. At the Indianapolis restaurant, the design is industrial and the art is racing themed.

Indianapolis dining: Wing Zone Hot Chicken & Wings opens with 18 flavors. Find out where

Del Frisco’s Double Eagle Steakhouse dress code

An upscale dress code is enforced at Del Frisco’s. 

Advertisement

No:

  • Beachwear
  • Gym attire, including sweatpants, sweatshirts or hoodies
  • Athletic apparel
  • Jerseys
  • Hats
  • Beanies
  • Bandanas
  • Ball caps
  • Oversized, baggy clothing
  • Tank tops
  • Sleeveless shirts
  • Excessively revealing clothing
  • Clothing with offensive language
  • Clothing emitting offensive odors

Does Del Frisco’s deliver?

Delivery from the Indianapolis restaurant will be available through third-party services 30-60 days after the opening, management said.

Del Frisco’s Double Eagle Steakhouse Indianapolis hours

Del Frisco’s, Double Eagle Steakhouse, 14 W. Maryland, will operate Monday through Saturday 4-10 p.m., and Sunday 4-9 p.m. On Sept. 2, hours are 4-9 p.m.

The restaurant will be open 365 days a year, and will host private events during lunch hours.

Contact IndyStar reporter Cheryl V. Jackson at cheryl.jackson@indystar.com or 317-444-6264. Follow her on X.com:@cherylvjackson.





Source link

Advertisement
Continue Reading

Indianapolis, IN

Indianapolis-area restaurants that opened and closed in July

Published

on

Indianapolis-area restaurants that opened and closed in July


August’s arrival marks the end of summer vacation and the start of a new school year. The ever-churning cycle of endings and beginnings is nothing new to Indy’s dining scene, which welcomed a fresh crop of eateries while saying good-bye to others last month.

For the third consecutive month, a beloved neighborhood spot said farewell after a 20-plus-year run. Meanwhile, regional chains expanded throughout the Circle City and the North Perry neighborhood received an infusion of Filipino flavor. Here are the restaurants that came and went in July — plus one to kick off August.

Restaurants that opened in July

Mambo’s Cheesesteak Grill, Salesforce Tower

111 Monument Circle Suite 120, mamboscheesesteakgrill.com, opened July 9

Advertisement

While the closure of City Market shuttered the original Mambo’s, the cheesesteak outfit has maintained booths at Gainbridge Fieldhouse and The AMP at 16 Tech. Last week it opened a new brick-and-mortar location in Salesforce Tower. Situated next to the recently closed Yolk location, Mambo’s brings its renowned cheesesteaks and other sandwiches to the corner of Pennsylvania and Ohio streets.

His Place Eatery

1411 W. 86th St., (317) 7990-3406, hisplaceeatery.com, opened July 10

The popular Arlington Woods soul food spot opened its second location at the corner of Ditch Road and West 86th Street in St. Vincent-Greenbriar. The menu at His Place is stuffed with smoked meats, fried fish and classic comfort foods like macaroni and cheese, candied yams and mashed potatoes.

Kyuramen x TBaar Mass Ave

Advertisement

530 Massachusetts Ave., (317) 961-8888, kyuramen.com, opened July 10

Kyuramen, a New York-based chain with nearly 40 locations nationally, opened its first Indiana restaurant on Mass Ave. The Japanese-American eatery sells ramen, omurice and tempura among other Asian-inspired dishes. Joining Kyruamen in the space is TBaar, a bubble tea chain with over 40 United States locations.

Yollie’s Filipino American Kitchen

4141 S. East St., (317) 455-5123, yolliekitchen.com, opened July 23

Cook Yollie Olivares hands a dish to a customer Thursday, July 25, 2024, at Yollie’s, a new restaurant at the Philippine Cultural Community Center in Indianapolis.

Cook Yollie Olivares hands a dish to a customer Thursday, July 25, 2024, at Yollie’s, a new restaurant at the Philippine Cultural Community Center in Indianapolis.

The flagship restaurant of Indianapolis’ Philippine Cultural Community Center, Yollie’s brings traditional Filipino flavors to the Circle City. Dishes like tangy chicken adobo, peanut butter-stewed kare kare and banana blossoms in coconut milk offer familiar flavors to Hoosier Filipinos and a chance for others try something new.

Advertisement

Wing Zone on Keystone

5527 N. Keystone Ave., (317) 419-3604, wingzone.com, opened July 24

The Gainesville, Florida-based chicken joint opened its first Indiana location on Keystone Avenue in Millersville. Wing Zone, which sells fried chicken, sandwiches and salads in addition to wings, has nearly 30 locations nationwide.

Java House, Simon Building

225 W. Washington St., javahouse.com, opened July 25

Advertisement

The Carmel-based coffee shop’s twelfth café opened on the ground floor of the Simon Building. Java House offers a variety of sweet signature lattes alongside juice, lemonade, tea, black coffee and select food items.

More coverage: Java House bringing another coffee shop to downtown Indianapolis

California Burger

2831 E. 38th St., (317) 426-3021, californiaburgerinc.com

Speedway-based California Burger’s third location opened in the Meadows neighborhood Aug. 1, serving free ice cream cones for its first six hours of operation. The smashed-patty purveyor also has a location in Castleton, which opened in summer 2021.

Advertisement

Restaurants that closed in July

MOTW Coffee Castleton

6706 E. 82nd St., closed early July

Carmel-based MOTW (Muslims of the World) Coffee announced the closure of its Castleton location with a note posted to the shop’s front door. The note from the MOTW staff attributed the closure to the end of the store’s lease and said the location would move to Illinois. On June 23, MOTW announced on Facebook the opening of its Naperville, Illinois location, the chain’s second in the Prairie State. MOTW still has three Indiana locations: Eagledale, Fishers and Carmel.

Rene’s Bakery

6524 Cornell Ave, closed July 14

Advertisement

After more than 20 years in Broad Ripple, this beloved bakery announced it “will most likely be closed indefinitely” amid owner Albert Rene Trevino’s ongoing health concerns. Rene’s opened on Cornell Avenue in 2004 and sold a variety of pastries while amassing a loyal customer base throughout its neighborhood and beyond. That community showed out in full force when Trevino’s daughter Olivia launched a GoFundMe to help pay for her father’s medical bills — the fundraiser has netted more than $85,000.

Full story: Rene’s Bakery ‘most likely’ closed after 20 years

Did we miss an opening or closing in your neighborhood? Contactdining reporter Bradley Hohulin at bhohulin@indystar.com. You can follow him on Twitter/X @bradleyhohulin.

This article originally appeared on Indianapolis Star: Indianapolis-area restaurants that opened and closed in July 2024





Source link

Advertisement
Continue Reading

Indianapolis, IN

Indianapolis teacher talks new challenges ahead of first day of school

Published

on

Indianapolis teacher talks new challenges ahead of first day of school


INDIANAPOLIS — For the past 25 years, North Central journalism teacher Tom Gayda has looked forward to the first day of school.

“I think it comes a little easier with knowing you know what to do on the first day,” Gayda said.

WRTV

On Thursday, Gayda will join teachers in Washington, Pike, Lawrence and Franklin Townships as they embark on another school year.

Advertisement

Indianapolis Public Schools and Center Grove are also back in session on August 1.

“You can always kind of reinvent yourself,” Gayda shared while reminiscing on his past 24 first days. “Even at the semester, you get a little chance to change things up. Every year is a new start and that’s kind of fun.”

WATCH RELATED COVERAGE | Beech Grove students return to the classroom starting today

Beech Grove students return to the classroom starting today

Advertisement

Gayda is part of a teaching workforce that has seen its fair share of challenges since the COVID-19 pandemic.

According to a 2022 National Education Association survey, More than 55% of educators said they were ready to leave the profession earlier than planned.

The survey claims it is largely due to teacher salaries.

tp3.jpg

WRTV

Advertisement

Gayda says an evolving classroom has taken it’s toll.

“It’s been a lot of a lot of change,” Gayda explained. “My grade book used to be a notebook, and now it’s instantly online. There’s good and bad with that.”

Gayda faces a new challenge as a new Indiana state law prohibits the use of cellphones in the classroom.

“I mean, everyone has got their phone in their hand,” Gayda said. “I think (the students) will live.”

tp3.jpg

WRTV

Advertisement

Despite the challenges that come with a new school year, the end of each summer marks an opportunity for Gayda to reconnect with his students.

“Tomorrow, it’s more about getting to see people you’ve not seen in a while and reconnect,” Gayda said. “That’s kind of a fun thing.”





Source link

Continue Reading
Advertisement

Trending