Allworth Financial acquires $340 million RIA

first_img Subscribe for original insights, commentary and analysis of the issues facing the financial advice community, from the InvestmentNews team. 1 Office changes like remote lobby check-in are part of new normal 4 Why Tony Robbins, tax shelters and financial advisers don’t mix The Gates divorce: Lessons for financial advisers House panel unanimously passes SECURE 2.0 5 Newsletterscenter_img For reprint and licensing requests for this article, click here,MOST READ House committee poised to advance SECURE 2.0 retirement savings bill 3 InvestCloud to acquire Advicent and NaviPlan planning software Allworth Financial, a Sacramento, California-based registered investment adviser that manages almost $11 billion, has acquired Shone Wealth Management, an RIA firm managing $340 million in Walnut Creek, California. Founded in 2005 by Mark Shone, the eponymous firm serves approximately 300 client households.[More: Canadian teachers become unlikely owners of US advisory firm Allworth] 2last_img read more

Portuguese firm commits to decarbonisation of the economy

first_imgPortuguese engineering firm Efacec has taken steps to strengthen its sustainability strategy and its participation in decarbonising the economy by joining two global sustainability pledges, promoted by the United Nations and The Climate Group respectively. Generation Read more: Climate change: Adaptation and mitigation solutions The EV100 is a global initiative that brings together companies focusedon accelerating the transition to electric vehicles. Efacec thus reinforces itssustainability priorities. The company is committed to convert its car fleet toelectric vehicles by 2030, supporting and encouraging its employees to embraceelectric mobility by installing charging points across its two main industrialfacilities. Efacec has joined the EV100, an initiative promoted by The Climate Group, and is committed to convert its fleet to electric vehicles by 2030 while providing charge points for its workforce. This initiative is also a key step towards preventing a 1.5ºC rise in temperature and achieving carbon neutrality. In addition to reducing direct emissions, this commitment will encourage employees to switch to electric vehicles. “With forecasts predicting that, by 2050, 70% of the world’s population will live in urban areas, it is essential to create smarter cities and sustainable mobility solutions. We develop breakthrough fast and ultra-fast charging solutions that are leveraged by our Smart Digital eMobility management platform. Being at the forefront of technological innovation, Efacec is contributing to achieving carbon neutrality in its operations and with its partners, such as the Formula E team DS Techeetah. We are proud to be the first European EV charging manufacturer to join EV100 and one step further to chase together the electric dream,” said Ângelo Ramalho, CEO of Efacec.   By joining “Business Ambition for 1.5ºC”, Efacec is committed to setting climate targets in its operations and value chains that are aligned with its ambition to limit global temperature rise to 1.5ºC above pre-industrial levels. This commitment involves halving greenhouse gas emissions by 2030 as well as achieving zero net emissions by 2050. The goals set by Efacec will be supported and validated by Science Based Targets (SBTi) methodology and will be constantly monitored. Low carbon, solar future could increase jobs in the future – SAPVIA Connecting efforts to limit global warming and promoting the transition to electric mobility are the main goals set by Efacec to join these initiatives. EV100: Global commitment to accelerate the transition to electric vehicles AFD and Eskom commit to a competitive electricity sector With a comprehensive presence in the value chain of Energy, Mobility andEnvironment, Efacec acts as a solution provider, EPC contractor (Engineering,Procurement and Construction) and O&M service partner. Efacec is present instrategic markets such as Europe, the United States of America, Latin America,Asia, Middle East, Maghreb and Southern Africa. Sign up for the ESI Africa newsletter The new targets will require the implementation of innovative technologies and business process development for greater carbon efficiency. In addition, collaboration between companies will be critical to optimising value chains. center_img Sandra Roling, Head of EV100, said: “We are excited to welcome Efacec asthe 60th member of EV100. By joining this international leadershipplatform, Efacec demonstrates its commitment to electric transport not onlythrough the charging technology it develops, but by walking the talk in its ownoperations. We hope their example will inspire many more companies to join us,in Portugal and around the world.” BRICS “To protect the environment must be a common goal for all stakeholders, whether from a public or a private domain. There is no time to waste to minimize climate change’s effects. We need to gather efforts and develop good practices. This is why Efacec has taken a new step as a worldwide respected company, setting an example by joining a global initiative, and committing itself to contribute to the decarbonisation of the economy. It is only with actual and convincing steps that companies can positively impact the society,” said Ângelo Ramalho, CEO of Efacec. The promotion of electric mobility is part of Efacec’s agenda. Besidesoffering its staff preferential conditions for home chargers, Efacec hasalready equipped all its relevant industrial sites with charging points. As aleading EVSE technology player, Efacec contributes to the UN’s SustainableDevelopment Goals, by developing sustainable solutions and implementing actionsthat make the shift to an electrified future ever more real and near. Finance and Policy RELATED ARTICLESMORE FROM AUTHOR UNDP China, CCIEE launch report to facilitate low-carbon development Efacec has just signed “Business Ambition for 1.5ºC” Letter ofCommitment, an initiative led by the United Nations Global Compact, the world’slargest business sustainability initiative. Read more: ABB expands footprint in the Chinese e-mobility market According to The Climate Group, the transport sector is the fastest-growing contributor to climate change, accounting for 23% of global energy-related greenhouse gas (GHG) emissions. Electric transport offers a major solution in cutting millions of tons of greenhouse gas emissions per year, as well as curbing transport related air and noise pollution. With businesses owning over half of all newly registered vehicles on the road, it is crucial that companies lead the shift to electric vehicles. Through their investment, and influence on millions of staff and customers worldwide, they can address rising global transport emissions. By setting out their future EV purchasing requirements on an ambitious timescale, companies can drive mass rollout and make electric cars more rapidly affordable for everyone around the world. TAGSClean energyClimate changeElectric Vehicles Previous articleInitiate! energy start-up and innovation programme goes globalNext articleAfrican countries tout their oil and gas investment opportunities Ashley TheronAshley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa.last_img read more

Colleges scrapping spring break amid travel concerns during coronavirus pandemic

first_imgsshepard/iStockBy MEREDITH DELISO, ABC News(NEW YORK) — An increasing number of colleges and universities are canceling spring break six months ahead of time amid concerns about travel during the coronavirus pandemic.The University of Michigan became one of the latest schools to amend its calendar and scrap the traditional spring break. On Thursday, its Board of Regents approved updated academic calendars across its three campuses that eliminated the spring recess.In a letter requesting changes to its academic calendar, University of Michigan, Dearborn Chancellor Domenico Grasso said the move would “mitigate the possible risks associated with campus community members who may have traveled during the middle of the semester.” Officials for the main campus in Ann Arbor and the Flint campus also noted their revisions were due to “challenges posed by COVID-19.”Michigan joins other Big Ten universities that have canceled spring break next semester, including University of Wisconsin, Madison; Purdue University; Ohio State University and University of Iowa.Other schools that have taken a similar course include the University of Tennessee, the University of Florida, Baylor University, Texas Christian University, Kansas State University, the University of Kentucky, Iowa State University, the University of Northern Iowa and Carnegie Mellon University.The calendar revisions come as schools across the country are grappling with COVID-19 outbreaks on campus as they attempt in-person instruction for the fall.Like Michigan, Kentucky officials cited concerns about travel in its decision this week to eliminate spring break, noting that the “revised calendar creates a condensed semester in which students remain engaged in coursework on campus, rather than potentially traveling to other regions and returning to Lexington, which would increase the risk of spreading COVID-19.”Last week, Kansas State Provost Chuck Taber also pointed to the need to reduce risks by “minimizing mass travel to and from K-State campuses” in its decision to adjust the school’s spring academic calendar.A recent study on COVID-19 spread backs up those concerns. Looking at GPS smartphone data of more than seven million U.S. college students, a June study by Ball State and Vanderbilt found that some spring breakers brought COVID-19 back to their campuses earlier this year.For Baylor, “preventing COVID-19 outbreaks like we saw across the country last spring” was a priority, Provost Nancy Brickhouse said in a message to students this week on the school’s decision to not take spring break.In place of a spring break, some schools, including Carnegie Mellon and Purdue, are adding several “break days” or “reading days” throughout the spring semester to give students and faculty a respite.The spring calendar revisions follow a similar playbook for the fall, where many schools have condensed the semester — including canceling planned fall breaks — to limit the amount of time students would spend on campus during the pandemic.In several cases, the days allotted for spring break have been tacked on to the winter recess. As medical experts anticipate a “twindemic” of flu and COVID-19, delaying the start of the spring semester may pose another advantage. In a Sept. 10 letter to students, Carnegie Mellon Provost Jim Garrett said the school decided to delay the spring semester “to reduce the number of weeks we are in session during flu season,” since “the COVID-19 pandemic will likely continue through the winter months.”During a coronavirus briefing earlier this week, Wisconsin Gov. Tony Evers said he supported UW-Madison’s decision to proactively cancel spring break now, noting the risks posed by students traveling to and from campus. He also brought up the potential timeline of a vaccine, which experts are anticipating the broader public likely would see pop up at pharmacies and in doctor’s offices closer to mid-year.“In order for our country to vaccinate 300 million people, it’s not going to happen overnight,” Evers said. UW-Madison’s decision was a “wise step on their part.”Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Gulf Agency on the double

first_imgThe vessel HR Endeavour arrived in the port carrying 13 tanks and three 40 ft open top containers, weighing a total of 6,835 tonnes.The Rickmers Chittagong arrived in Djibouti several days later, carrying two 106-tonne locomotives, one 50-tonne tamping wagon, 64 items of ballasting and shaping, a rail car, flat wagons, damping wagons and accessories with a total volume of 2,982 cu m, for the CCECC Mieso-Da Wanle Railway Project Ethiopia.Gulf Agency provided agency, husbandry, stevedoring and cargo handling services, as well as handling the discharging operations.Gulf Agency Services is a member of the Project Cargo Network (PCN).  www.gulfagencyservices.comwww.projectcargonetwork.comlast_img

Tuscor Lloyds shines in solar project

first_imgDespite Britain being famous for its rainy, grey and overcast weather, high levels of sunlight are making Britain a hub for clean, green energy. Tuscor Lloyds coordinated the delivery of over 500 containers – including 40 ft flat racks, 40 ft high cube and 40 ft/20 ft general purpose containers – from Shanghai to the ports of Southampton and Felixstowe. Strict deadlines meant that the Tuscor Lloyds team operated under extremely short lead times. The team encountered several problems that had to be quickly resolved, including numerous vessel delays affecting the pre-prepared delivery schedule and increasing pressure on the team to avoid storage charges. The company’s dedicated projects team was on site to oversee numerous deliveries, as the delicate products used in solar energy developments require specialist handling. www.tuscorlloyds.comlast_img read more

Liberia is the 100th nation to ratify the Kigali Amendment on…

first_imgBenin campaigns to raise awareness of climate change Rome, 13 November 2019 – Delegates representing 171 parties to the Montreal Protocol concluded their 31st Meeting of the Parties in Rome, Italy, last week, agreeing to a number of key decisions, including actions to discover and prevent any illegal production or consumption of controlled, ozone-depleting substances, including CFC-11. /UNEP Liberia has become the 100th nation to ratify the Kigali Amendment to the Montreal Protocol, an international agreement to cut the use of climate-warming hydrofluorocarbons (HFCs), providing a welcome boost to global climate action.Rome, 13 November 2019 – Delegates representing 171 parties to the Montreal Protocol concluded their 31st Meeting of the Parties in Rome, Italy, last week, agreeing to a number of key decisions, including actions to discover and prevent any illegal production or consumption of controlled, ozone-depleting substances, including CFC-11. /UNEPThe Amendment targets a massive reduction in the use of HFCs, which became widely-used refrigerant substitutes for ozone-depleting substances that have been phased out under the Montreal Protocol.HFCs are climate-warming gases with significant global warming potential.Liberia became the latest country to ratify the amendment, part of an accelerating trend of nations approving the treaty and beginning work on phasing down the gases.Mali was the first to ratify the Amendment in 2017, followed by Federated States of Micronesia, Marshall Islands and Rwanda.The European Union – along with most of its member states – was a single block of parties to the Montreal Protocol; along with others, this made it possible for the Amendment to enter into force on 1 January 2019.Other recent parties to ratify the Amendment include Bangladesh, Sierra Leone, the Holy See and Romania.“The Kigali Amendment reaching 100 ratifications is therefore great news. The Amendment is a powerful tool for keeping our planet cool. I thank those states which have ratified it and encourage the 98 others to follow suit and help to ensure a safer future for all of humanity.”The 2016 Kigali Amendment requires a phase-down of high global warming potential HFCs by more than 80 per cent (in CO2-equivalent) over the next 30 years.Photo by The UN Environment.Estimates suggest that emissions avoided by 2100 could reach 5.6 to 8.7 gigatonnes of CO2-equivalent per year.In total, it would be over ten years’ worth of current annual emissions of CO2 due to human activities. This will avoid up to 0.4°C of global warming by the end of the century.Replacing HFCs also creates an opportunity to increase the energy efficiency of cooling equipment by 10–50 per cent, significantly reducing energy costs to consumers and businesses.The Amendment builds on the success of the Montreal Protocol, which was set up in 1987 to protect human health and the environment caused by the depletion of the ozone layer.With the universal support of 198 parties, the Montreal Protocol has led to the phase-out of almost 99 percent of ozone-depleting substances.The ozone layer is now well on the way to recovery. The Protocol’s benefits include up to two million cases of skin cancer prevented each year by 2030, an estimated US$ 1.8 trillion in global health benefits and almost US$ 460 billion in avoided damages to agriculture and fisheries up to 2060.Ozone protection efforts also avoided an estimated 135 billion tonnes of CO2-equivalent emissions from 1990 to 2010.In the absence of the Montreal Protocol, global mean temperatures could have risen over 2°C by 2070, due to warming from ozone-depleting substances alone.“Each ratification of the Kigali Amendment brings us closer to replicating the success of the Montreal Protocol in dealing with ozone-depleting substances,” said Tina Birmpili, Executive Secretary of the Ozone Secretariat. “This success is built on nations working together. I am delighted to see 100 ratifications and look forward to many more in the coming months and years.”(With input from the UN Environment Ozone Secretariat)Related United Nations Climate Change Pledges center_img Uganda faces adverse effects of climate changelast_img read more