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Malcolm Thomas Joins Innovative Financial Group as New Head of Business Development

Malcolm Thomas Joins Innovative Financial Group as New Head of Business Development

Press release content from PR Newswire. The AP news staff was not involved in its creation.

NASHVILLE, Tenn., Oct. 14, 2020 /PRNewswire/ — Brian Heapps, President of Innovative Financial Group and former President of John Hancock’s broker-dealer Signator Investors, Inc., announced the addition of Malcolm Thomas as their new Head of Business Development. Thomas was on Heapps’ leadership team while they were both at Signator. Malcolm will immediately step in and take over the acquisition and growth strategy including the expansion of IFG’ s National Network of Advisors and the MyRemoteFA® business.

Thomas joins IFG after spending the past two years as Director of Advisor Success at XY Planning Network, where he led the resource platform that catered to the growth and expansion of over 1200 fee-only fiduciary financial planners and their firms. Prior to joining XY Planning Network, Malcolm was the Head of Business Development at Signator Investors. Thomas will be responsible for growing the IFG advisor platform through acquisitions and recruiting advisors to IFG’ s unique turn-key succession platform.

“Malcolm was an integral part of the leadership team at Signator that helped transform the John Hancock broker-dealer to one of the largest independent BD’s in the US, including leading several large broker-dealer acquisitions,” said Heapps.

“With so many advisors lacking succession plans, I’m truly excited about the unique opportunity we have to leverage IFG’s growing MyRemoteFA® business to offer a turnkey solution,” said Thomas. “I’m equally as excited to assist our national network of advisors to grow through acquisition.

About Innovative Financial Group

Innovative Financial Group (IFG) is a full-service financial planning and wealth management firm with over 130 affiliated advisors running independent practices. The affiliated advisors in IFG’s national network are primarily focused on financial planning and investment management with over 4 billion

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Small-business owners say national paid sick leave wouldn’t hurt their bottom line

Small-business owners say national paid sick leave wouldn’t hurt their bottom line

Republican arguments against laws that guarantee paid leave for workers often hinge on the notion that the policy would damage small-business owners, the backbone of our society. But what happens if you ask the small-business owners what they want? A new survey comfortably debunks the myth: Almost two-thirds of small-business owners support a national policy for paid medical and family leave.

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“A super majority of small-business owners do support—have continued to support—a national paid-leave policy,” says Dawn Huckelbridge, director of Paid Leave for All, the nonprofit that conducted the survey. The results appear to conflict with the widely held public perception that small businesses may be opposed to the policy, which would require businesses to give paid days off to workers for things like illness, bereavement, or parental leave. For many reasons, Huckelbridge says, the reverse is true. She contends that a paid-leave policy can help small businesses stay competitive and sturdy their bottom lines. “It helps with productivity and performance and profitability,” she says. “It makes for a happier worker, and there’s less turnover.”

Paid Leave for All started in December by bringing together various groups that had been advocating for a national leave policy, to align their goals and resources. The organization partnered with Main Street Alliance, a network of small-business owners that aims to give that community a voice on public policy issues. The survey respondents consist of 600 owners of businesses with up to 49 employees; the poll also deliberately over-samples racial minorities, by including 100 Black business owners and 100 Latino, Asian American, or Pacific Islander owners. About half (48%) of the respondents say they do not currently provide any type of sick, family, or medical leave.

From a public health standpoint, the coronavirus crisis has reinforced the advantages of—and dire need for—policy

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The New Home Company Reports Selected 2020 Third Quarter Preliminary Results

The New Home Company Reports Selected 2020 Third Quarter Preliminary Results

The New Home Company Inc. (NYSE: NWHM) today announced selected preliminary results for the 2020 third quarter. These estimated results are preliminary and unaudited.

Preliminary 2020 Third Quarter Financial Highlights (Estimated Results)

  • Net new orders of 251 as compared to 124 in the 2019 third quarter, a 102% increase

  • Monthly sales absorption of 3.5 per community as compared to 2.0 per community in the 2019 third quarter, a 75% increase

  • September net new orders of 99, a 106% increase compared to September 2019

  • Homes in backlog of 329 homes, representing $207.1 million in backlog value, as compared to 207 homes at the end of the 2019 third quarter, a 59% increase

  • Ending actively selling community count of 25, a 14% increase compared to the end of the 2019 third quarter

  • Homes sales revenue of $117.4 million as compared to $118.8 million for the 2019 third quarter

    • Deliveries of 157 as compared to 124 in the 2019 third quarter, a 27% increase

    • Average sales price of $748,000 as compared to $958,000 in the 2019 third quarter

  • Fee building revenues of $13.4 million as compared to $22.3 million for the 2019 third quarter

  • Cash and cash equivalents of $126.4 million as of September 30, 2020 as compared to $85.6 million as of June 30, 2020

  • Total debt, net of $290.3 million as compared to $327.4 million as of September 30, 2019

“The New Home Company continues to benefit from an incredibly strong housing market, as September’s order activity represented the highest monthly net order total in our company’s history driven by a monthly sales absorption rate of 4.0 per community,” said New Home Company CEO Leonard Miller. “Our preliminary results in the third quarter were also positively impacted by our ongoing shift to more affordable product, which helped push our monthly sales

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Apple unveils four new iPhone 12 models with 5G: CNBC After Hours

Apple unveils four new iPhone 12 models with 5G: CNBC After Hours

CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC.com Apple reporter Kif Leswing breaks down the tech giant’s big iPhone 12 reveal, including the implications for the 5G network. Plus, CNBC.com’s Melissa Repko dives into Amazon’s Prime Day event this year, and explains how competitors like Target and Walmart are better positioned than ever to eat (some of) Amazon’s lunch.

Here’s everything Apple just announced at its iPhone 12 event

Apple just wrapped up its big iPhone 12 event, where it announced four new iPhone 12 models, all of which support new faster 5G networks.

It also announced a new smart home speaker, called the HomePod Mini, and some fun accessories for the new iPhones that use magnets to attach to them.

Big-box retailers like Walmart, Target try to beat Amazon on speed by focusing on curbside pickup

As big-box retailers throw their own sales events during Amazon Prime Day, expect to see them tout an asset that the e-commerce giant doesn’t have: numerous stores across the country where customers can quickly retrieve their online purchases.

Buy online, pick up in store options — such as curbside and in-store pickup — have gained popularity during the coronavirus pandemic as a safe, convenient alternative to browsing store aisles.

A 25-year-old man becomes first in the U.S. to contract coronavirus twice, with second infection ‘more severe’

A 25-year-old man in the U.S. state of Nevada has contracted the coronavirus on two separate occasions, a study in the Lancet Infectious Diseases journal showed, with the patient becoming seriously ill following the second infection.

It is the first confirmed case of a U.S. patient becoming re-infected with Covid-19, and the fifth known case reported worldwide.

The resident of Washoe County, who had no known immune disorders or history

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Apple announces MagSafe wireless charging for iPhone 12

Apple announces MagSafe wireless charging for iPhone 12

  • Apple revealed the brand new iPhone 12 on Tuesday afternoon during its annual iPhone event.
  • Alongside the new phone, Apple announced a new $40 wireless charging mat named MagSafe — a nod to the beloved charging port that appeared on Apple laptops for years.
  • The new charger is Apple’s second attempt to break into wireless charging. The company previously revealed — and almost launched — a product named “AirPower” that was eventually cancelled in a rare move from Apple.
  • Visit Business Insider’s homepage for more stories.

Apple is making a second attempt at wireless charging with a new product named MagSafe — a nod to the beloved charging port that was part of every Apple laptop for years.

The new $40 device enables Apple’s latest iPhone, the iPhone 12, to wireless charge. The phone magnetically snaps onto the charger, and Apple has a variety of new accessories to go alongside the new device — from cases to stands, both made by Apple and from third-parties like Belkin.

In addition to the MagSafe charger, Apple also introduced the MagSafe Duo. Instead of charging just an iPhone, the charger can be opened to charge two devices at once.

Here’s what that looks like in action:

Apple iPhone 12 October event




Apple



Notably, the MagSafe wireless chargers aren’t Apple’s first attempt to break into wireless charging.

Back in 2017, Apple announced a device named AirPower that was intended to serve the same purpose. But two years later, despite the product being announced and its name even appearing on related products, Apple killed the device in a rare move for the smartphone giant.

“After much effort, we’ve concluded AirPower will not achieve our high standards and we have cancelled the project. We apologize to those customers who were looking forward to this launch,” Apple’s senior vice president of hardware

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