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Wichita settles split, approves car sale lot at Central/West

Wichita settles split, approves car sale lot at Central/West

The Wichita auto enthusiast won City Council approval Tuesday to open a small car-sales lot near Central and West, after a lengthy stop-and-start process that’s been going on since July.

The council action clears the way for up to four cars at a time to be sold on the parking lot at 4231 W. Central. Currently, that parking lot is shared by an automotive shop and a car upholstery business.

The car lot will be separately operated from the other businesses by applicant Jeremiah Leathers, who’ll be leasing four parking spaces along with a small office in the upholstery shop.

Leathers, a quality inspector in the aircraft industry, said cars are his passion and he’s been buying and selling them on the side for years.

He said he’s still working, but layoffs and furloughs in the aircraft industry, hard-hit by the COVID-19 pandemic, nudged him toward trying to turn his part-time hobby business into a full-time business.

He said hopes his tiny car lot will soon outgrow the location.

The council’s unanimous vote settles a split between the District 6 Advisory Board, which unanimously recommended denial and the Metropolitan Area Planning Commission, which unanimously recommended approval.

Getting a conditional-use permit to sell cars on Central “has not been the best experience,” he said.

The Planning Department originally recommended denying the permit because it would introduce a new use in that part of the “community core,” a roughly three-mile radius around downtown.

In July, the District Advisory Board agreed and unanimously urged the council to deny Leathers’ plan.

The next step was the Planning Commission. He won a recommendation of approval there, after agreeing to limit his stock to four cars at a time and other conditions dealing with lighting, signage, fencing and other issues.

Then, he had to go back

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Alllworth Financial Private Equity Sale Expected Soon

Alllworth Financial Private Equity Sale Expected Soon


Sarinya Pinngam/Dreamstime

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The sale of Allworth Financial is heating up with a winning bidder expected soon, according to four banking and private-equity executives.

The auction has narrowed to three private equity firms; final bids were due last week, Oct. 6, two of the sources said.

Raymond James

(ticker: RJF) and

Moelis

(MC) are advising on the process, people said.

Allworth, which is owned by Parthenon Capital, is expected to sell for roughly $750 million to $800 million, one of the people said.

Allworth is an RIA aggregator that buys up smaller wealth managers. The Sacramento firm scooped up Capstone Capital in May, Houston Asset Management in April and, in October, it bought Retirement Advisors of America. Allworth, in May, had roughly $8 billion of assets under management, according to a statement.

Parthenon invested in Allworth in 2017 when the firm was known as Hanson McClain Advisors. Parthenon, of Boston and San Francisco, invests in financial services, health care services and business services. The private-equity firm is investing out its sixth flagship fund which raised $2 billion in December.

The Allworth sale is the latest in the wealth and asset management space. Last week,

Morgan Stanley (MS)

shocked many when it agreed to buy asset manager Eaton Vance (EV) for $7 billion. The sale is expected to set off more consolidation. “If

Eaton Vance

is selling— they’re considered one of the strong companies—then that tells you the mediocre and bad companies are selling,” one banker said.

Private-equity firms have been frequent investors of wealth managers. Hellman & Friedman owns Edelman Financial Engines, while TA Associates acquired Wealth Enhancement Group from Lightyear Capital in 2019. (TA and Genstar Capital own Orion Advisor Solutions.) GTCR bought a minority stake of CapTrust in June. Genstar and Lovell Minnick Partners sold a minority

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Loeries Creative Week tickets on sale with a lineup of international creative heavyweights

Loeries Creative Week tickets on sale with a lineup of international creative heavyweights

Several renowned names on the global creative stage will enthrall the advertising and brand communications industry when the Loeries Creative Week broadcasts its virtual event from Johannesburg, South Africa between 16 to 20 November 2020.

Key issues facing the industry will be on the agenda as leaders from across the globe ponder the current situation and examine strategies to #CreateChange for good, while confronting misrepresentation, transformation, diversity, gender disparity and a range of topics impacting the brand communication industry.

Loeries Creative Week 2020

The broadcast version of Loeries Creative Week 2020 will have three channels with over 75 hours of content! The three channels are Loeries Presents, Loeries Conversations and Loeries Engage…

Loeries 1 Oct 2020

The keynote addresses, discussions and debates will be shown across three channels: Loeries PresentsLoeries Conversations and Loeries Engage. More than 75 hours of content will be broadcast during the week and the panel of speakers and judges for the Africa and the Middle East’s authoritative discourse on brand communication, is made up of global leading experts in the creative world, including:

  • Dr Rebecca Swift, who is an authority on visual trends in advertising and a winner of more than 30 international awards including a Glass Lion at Cannes. She has a doctorate in photography and heads the Creative Insights team that sets the content strategy for Getty Images.
  • Jess Weiner, a respected author, educator and inspiring public speaker, is regarded at the ‘go-to authority’ on women, girls and confidence. She was named by Forbes as one of the ’14 Power Women to Follow’ on Twitter and described by Fast Company as one of the most creative people in Business in the areas of Diversity and Education.
  • Ian Thomas is a creative director also feted as one of the world’s most popular poets
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