UConn Today – Connecticut Wealth Management (CTWM), a prominent investment adviser based in Farmington, has partnered with the School of Business to launch the school’s first-ever student wealth management cohort.
The program, which officially debuted on Thursday, Oct. 2, has already drawn interest from 110 students eager to learn more about becoming financial advisors. The wealth management field is growing rapidly and expected to bring double-digit job growth over the next decade.
UConn Today – The power of a tornado can inflict tremendous damage on residential property, but the impact is also felt by nearby homeowners, even when their property is unscathed.
Undamaged homes in close proximity to those that were partially or fully destroyed incur up to a 39% decline in value, according to finance and real estate professor Jeffrey P. Cohen, associate economist Violeta A. Gutkowski, and research associate Jack Fuller. Their findings were released in a recent economic report by the Federal Reserve Bank of St. Louis, where Cohen is a Research Fellow.
Wallethub – Homeownership isn’t for everyone. Roughly 46 million American households have opted to rent rather than buy their homes because of convenience, cost or both. But renting isn’t always a cheaper or better alternative to owning a property. The right road to take depends on a variety of factors, including an individual’s or family’s financial means and how well the local real-estate market is doing.
Wallethub – The best choice for insurance, whether auto or life, is a mutual company. That is a consideration equally as important as the cost–perhaps more so. In a mutual insurance company, like top-rated Geico, as a policyholder you are also an owner. This aligns the incentives for the insurer to give good, reliable coverage.
UConn Today – CREA Foundation, Inc. has created two, renewable scholarships for UConn students interested in studying commercial real estate, and they include bonus opportunities to set them up for success.
“We’re excited and eager to partner with CREA to introduce more students to the real estate industry,’’ said David Wharmby, director of the Center for Real Estate and Urban Economic Studies at UConn. “This gift will ensure that they are not just career-ready but have solid work experience in the industry.’’
UConn Today – Alumnus Rich Eldh ’81, an entrepreneur who created a $300 million global research and advisory firm, told business undergraduates that servant leadership is one of the most important, and misinterpreted, components of business success.
“Servant leadership means leading with strength, for the benefit of others,’’ he told more than 700 graduates, their family and friends, during the Commencement ceremony on Saturday at Gampel Pavilion. “It means empowering your team, fostering growth, and creating environments where others can shine.’’
UConn Today – Julianna Cushner comes from a long line of UConn graduates, and during her college search, she thought she might opt for a small, business-centric school. But once she toured the Storrs campus, she knew she wanted to continue the family tradition. Cushner has been involved in a number of activities, many of them centered around finance and investments. She is headed to the banking world of New York City following graduation and knows that the UConn network of alumni will be a benefit to her.
Hartford Courant – The spring homebuying season — traditionally the busiest of the year — hasn’t made much of an appearance in Connecticut for five years, after a pandemic buying frenzy depleted the stockpile of houses for sale, so much so that it hasn’t built back up.
Few houses on the market are still frustrating both potential buyers and sellers. Buyers have little choice and still encounter stiff competition, with multiple bids. Many would-be sellers worry they won’t be able to find another place to live, so they sit on the sidelines.
UConn Today – The UConn Finance Society hosted its 9th Annual Finance Conference March 28 at Morgan Stanley headquarters in Manhattan. Wall Street leaders joined business students and alumni to discuss trends in equities, dealmaking, and how to start a career in the sector.
UConn Today – Graduate student Nick Savignano ’25 has always been the type of person to roll up his sleeves and help others, whether spearheading a new project at work or clearing debris after Hurricane Katrina.