Category Archives: Finance

Richard Blair – article recap

Richard Blair of Wealth Solutions is in charge of a investment and wealth management firm located, and operating in Austin, Texas. It is a Registered Investment Advisory a.k.a. (RIA). Blair states “Everyone needs a solid plan of attack to be able to accomplish their financial wants and desires.” Wealth solutions provides a unique “three pillar” approach to the issue of financial management. This approach allows the firm to effectively discover the client’s financial status, and help them accomplish their goals with quick succession.


Pillar #1 – Lay the client’s financial “roadmap”. Lay out the client’s strengths, weaknesses, risks, and opportunities for growth.


Pillar #2 – Develop long term plans and strategies of the clients financial goals and wants. It is tailored to each client’s financial status, and their investment goals. The firm manages and reallocated the clients financial assets to ensure maximum financial return.


Pillar #3 – Post determining the clients needs and laying their “roadmap” Richard meets the clients needs for life insurance, as well as annuities.



Richard founded Wealth Solutions in Austin way back in 1994 as he was determined to create financial solutions for those who were in need for wealth management services. His company has done exactly that. They have served, and serve over 300 clients with their wealth management needs. Nearly 25 years of wealth solution management, Wealth solutions continues to provide quality, unbiased solutions for their clients/clientele. Their approach is completely unique, and after risking the waters with their unique strategy, they have discovered a method of managing wealth that is highly effective and keeps his customers coming back and telling friends due to the high success of his methods.


In conclusion, Richard Blair’s wealth solutions is a intelligent businessman with great ideas and methodology of how to successfully complete wealth management. The work Richard does could only be completed by providing unique and intelligent solutions to the world of wealth management. Richard has succeeded in doing so, and his work has fulfilled over 300 clients and that number is only growing. Richard Blair’s wealth solutions are very very successful. I most certainly will be using Richard Blair’s wealth management myself.


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Devco Yet to Pay on $20 Million CRDA Investment

According to an article published by the Press of Atlantic City , the Middlesex County Improvement Authority has yet to pay $1 million in interest and principal on a $20 million loan. The loan was funded by the Casino Reinvestment Development Authority (CRDA), and was developed by the New Brunswick Development Corporation (Devco).

The loan in question was originally awarded in 2005, and funded The Heldrich, a hotel in New Brunswick, NJ. Since then, about $7 million in missed payments has accrued. The Heldrich is the property of the Middlesex County Improvement Authority, says Atty. Chris Paladino.

DEVCO is a development company dedicated to revitalizing New Brunswick. It was founded in the 1970s and has since been associated with educational, recreational, civic, and residential projects. According to their website, Devco has overseen $1.6 billion in New Brunswick investments since the 1970s.

Projects like The Heldrich and the upcoming Gateway project, developed by Devco’s sister firm, the Atlantic City Development Corp., are supported by New Jersey state Senate President Stephen Sweeney. Sweeney endorses Devco and similar companies, encouraging the funneling of public investment dollars through private corporations.

John Palmieri, Executive Director for CRDA, states that CRDA’s involvement in investment projects like The Heldrich allow for senior lenders to participate. Since the CRDA loan was subordinate to other more senior loans, the senior lenders’ risk is mitigated.

The Heldrich opened in 2007 to limited success; the 2015 occupancy rate was 63.5 percent. Devco has paid $776,000 out of pocket for expenses such as mattress and carpet replacement, in order to keep the hotel afloat, although Maria Prato, Middlesex County Improvement Authority spokeswoman, stated that she believes the loan will be repaid in time. There is a standing order to repay senior lien holders first. Senior bonds have already been paid about $30 million at about 5 percent interest.