On Wednesday, Shares of KeyCorp (NYSE:KEY), added 2.82% and closed at $12.76in the last trading session. The last trading range of the stock ranges between $12.47 and $12.79. Key Private Bank, the wealth administration arm of KeyCorp (KEY), recently released the results of its most recent advisor poll, which examines how the decisions business owners make can impact their wealth in retirement. The poll surveyed 137 Key Private Bank client-facing advisors who specialize in working with business owners to navigate exit strategies, manage succession planning and prepare for retirement.
“Whether navigating family dynamics, finding it difficult to let go or making unrealistic assumptions about a company’s valuation, business is often very personal,” said Francis Brown, Wealth Specialist at Key Private Bank. “For business owners, the most common wealth administration pitfalls result from emotional ties to their company. That’s why it’s extremely important for business owners to be candid with their financial advisors early on about all aspects of their lives.”
The findings reveal that business owners, particularly lifestyle business owners, can have competing interests when it comes to planning for the future of their company and ensuring their personal long-term financial well-being. Three-quarters (75%) of advisors report business owner clients treat their companies as lifestyle businesses to assist them maintain a certain level of income over the course of their lifetime. In fact, nearly half (44%) of the advisors indicate that clients most often sell their business to monetize their investment or fund retirement. Despite this reality, four in 10 advisors say very few or none of their new business owner clients have thought through the wealth implications of their business succession strategies.
Zayo Group Holdings Inc (NYSE:ZAYO), jumped 1.67% and closed at $31.01 in the last trading session. The last trading range of the stock ranges between $30.46 and $31.08. The company’s Market capitalization is $7.70 Billion with the total Outstanding Shares of 242.65 Million. A major wireless carrier has selected Zayo Group Holdings, Inc. (ZAYO) to deploy C-RAN connectivity in two major metro areas. In one market, Zayo will provide an “over the top” fronthaul solution, providing incremental fibers on existing paths to supplement the existing network. In the second market, Zayo will initiate service for the carrier in a new cluster of sites, solving for high-demand areas by extensively leveraging dense, existing metro dark fiber assets
Increasingly, wireless carriers are turning to C-RAN architecture to improve network performance while reducing capital expenditures and gaining operating efficiencies. “C-RAN facilitates wireless carriers to cost-efficiently keep pace with the growing bandwidth demand of their customers,” said Dave Jones, executive vice president, Dark Fiber Solutions at Zayo. “C-RAN, which requires a plentiful supply of dark fiber, is a prime example of second tenant economics for Zayo.”
FireEye Inc (NASDAQ:FEYE), gained 1.38% and closed at $14.69 in the last trading session. The last trading range of the stock ranges between $14.47 and $15.03. During the 52-week trading session the minimum price at which share price traded, registered at $11.35 and reached to max level of $32.42. FireEye, Inc. provides cybersecurity solutions for detecting, preventing, analyzing, and resolving cyber-attacks. The company offers vector-specific appliance solutions that provide threat protection from network to endpoint for inbound and outbound network traffic that may contain sensitive information. It also offers Central Administration System that provides cross-enterprise threat data correlation to identify and block attacks across multiple attack vectors; and Threat Analytics Platform to identify and respond to cyber threats by correlating enterprise-generated security event data from any security product with real-time threat intelligence, in addition to Malware Analysis System to manually execute and inspect advanced malware, zero-day, and other advanced cyber-attacks embedded in files, email attachments, and Web objects. In addition, the company offers Network Forensics Platform that assists in detecting threats and view specific packets and sessions before, during, and after the attack to confirm what may have triggered a malware download or callback; Investigation Analysis System, a centralized analytical interface to the Network Forensics Platform; and Mandiant Intelligent Response that facilitates remote investigation of endpoints and allows security teams to collect targeted forensic data to identify attacker behavior, tools, and techniques. Further, it provides cloud-based subscription services; Security-as-a-Service; and incident response, compromise assessments, and related consulting, in addition to training and professional, and customer support and maintenance services. FireEye, Inc. provides its products and services through distributors, resellers, and planned partners in the United States, the Asia Pacific, Japan, Europe, the Middle East, Africa, and others.