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Like many business owners, “Rich” spent much of his decades-long career focused on the day-to-day operations of running a company. He saw the business as an extension of his family, with the tacit assumption that his daughter would one day take the helm. That day never came, and when Rich decided it was time to retire, he needed to sell the company. He convened a team of advisors – including a Certified Exit Planning Advisor, or CEPA – to help prepare for a sale. Since Rich was well aware…

For years, economists and wealth strategists have looked to 2030 as a key milestone for retirement and estate planning. That’s when, according to the Census Bureau, all members of the baby boomer generation will have reached the traditional retirement age of 65. The financial services industry refers to this period as the “Great Wealth Transfer” because we’re seeing major age and gender demographic shifts among those coming into, and managing, wealth. To build on that, another statistic…

We in fact will, for years, make internal excuses for someone revealing that they are different than we had initially believed.

Bullard, president of the Federal Reserve Bank of St. Louis, told Bloomberg News he wants a full percentage point of interest rate increases over the next three meetings of the central’s bank’s policy meetings, in light of the hottest inflation reading in nearly 40 years. Here's why one St. Louis money manager says Bullard introduced a 'a much-needed dose of realism' into the inflation debate.

The company, one of the largest manufacturers in the region by employees, is a supplier for Boeing. It plans to wrap-up existing work orders and wind down through 2023.

The owner of the Chesterfield Mall says it is offering space for lease to businesses at a lower cost than is typical, in anticipation that the space will be available only until the mall is redeveloped as “Downtown Chesterfield.”

A St. Louis group has found success in using proposed mergers to get banks to agree to invest in low-income and minority communities. But the system lacks any means for enforcing the agreements, most of which are obscured from the public, leading to questions of whether banks are holding up their ends of the deals.

At times when they're seeking merger deals, banks have committed to paying grants or charitable contributions to support the work of a St. Louis group that pushes them to invest in low-income and minority neighborhoods.

Created through a federal grant, TechSTL will operate with a membership-based structure and says its ultimate goal is to position St. Louis as “most diverse high-tech innovation hub in the country.”

The survey shows that for advertisers, "coordinating across (media) channels is essential if you’re going to capture the maximum of the impact," said the leader of the St. Louis startup.

Growing up in Europe, retired Brig. Gen. John Michel often spent his summers helping run a family restaurant in France. Today, he's on a mission to change the hospitality industry with Soulcial Kitchen, a Swansea incubator featuring food trucks.

Eligible employees at the firm, which previously delayed a return to offices, may voluntarily return to the office even earlier than the new date.

"Why would I want to go anywhere else? I love it here," Berube said in a post on the team's website.

Illinois Gov. J.B. Pritzker announced the state will lift its indoor mask mandate for most locations beginning Monday, Feb. 28. However, the change does not include schools. The governor made the announcement Wednesday after reports started circulating about the plan Tuesday evening. Starting Feb. 28, establishments no longer have to require masks indoors. However, Gov. Pritzker emphasized businesses and communities can continue to have their own mandates and mitigations, and the public should…

Construction on all five of the warehouses, which range in size from 130,900 to 423,000 square feet, should finish this summer.

After a few quiet years, economic activity from the biggest conventions booked at the America's Center Convention Complex in 2022 is projected to look a bit more like it did prior to the Covid-19 pandemic.

As part of the divesture deal, Belden will remain an exclusive reseller of the cybersecurity firm's products.

St. Louis City has spent just 2% of available American Relief Plan Act, or ARPA, funds. In August 2021, the Board of Aldermen passed a bill appropriating around $135 million dollars of federal pandemic relief. The money came to the city as part of ARPA. This is just the first slice of relief funds, with the city set to receive a total of $498 million. Since Board Bill 2 was passed last year, the city has spent just $3.4 million of the available money. That is only about 2% of the money the Board…

The American economy boomed in 2021, and job growth followed suit. But it still wasn't enough to get employment back to pre-pandemic levels. Nonfarm employment rose 4.4% between December 2020 and December 2021, according to new data from the Bureau of Labor Statistics. That represents an increase of nearly 6.3 million jobs. Missouri ranked 33rd among all states and the District of Columbia, with a 2.77% increase in employment during the period. Illinois experienced 4.66% job growth, ranking…

St. Louis Mayor Tishaura Jones on Wednesday utilized a new power to appoint an interim director of personnel, a move that comes as her administration looks to restart a search for a police chief.