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Montecito Bank & Trust
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Santa Barbara’s Pensionmark partners with CAPTRUST

By   /  Thursday, September 10th, 2015  /  Latest news, Personal Finance  /  Comments Off on Santa Barbara’s Pensionmark partners with CAPTRUST

Santa Barbara-based Pensionmark Financial Group and CAPTRUST Financial Advisors have partnered to better deliver corporate retirement plans with a combined $180 billion of assets under advisement, the companies announced Sept. 10. The new jointly owned entity will operate as Pensionmark’s registered investment advisor and will take on more than 3,000 combined clients. CAPTRUST and Pensionmark Read More →

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Investors can decide not to put money into companies that damage environment

By   /  Friday, May 29th, 2015  /  Energy, Op/Eds, Personal Finance  /  Comments Off on Investors can decide not to put money into companies that damage environment

By Brad Stark and Kieran Osborne The pipeline breakage near Refugio State Beach is not only devastating to our environment and harmful to life on the Central Coast, but it also brings attention to how the oil industry is supported with investment dollars. The public relations battle with fossil fuels has been heating up for Read More →

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Santa Barbara stock promoter charged with fraud

By   /  Tuesday, December 23rd, 2014  /  Banking & Finance, Latest news, Law & Goverment, Personal Finance, South Coast, Top Stories  /  Comments Off on Santa Barbara stock promoter charged with fraud

The SEC alleges that instead of purchasing the shares in the secondary market as promised, Efstratios “Elias” Argyropoulos and his firm Prima Capital Group misappropriated investor funds.

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East Coast in focus as Somera Capital reaches $2B mark

By   /  Friday, December 12th, 2014  /  Banking & Finance, Latest news, Personal Finance, South Coast, Subscriber content, Top Stories  /  Comments Off on East Coast in focus as Somera Capital reaches $2B mark

With a core portfolio of assets from Palo Alto to Los Angeles, the company has started fishing for deals in the Seattle market and putting even more focus on East Coast markets from Washington, D.C. to Savannah, Georgia.

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Lucia aquires West Coast Asset Management office, key staff

By   /  Friday, October 17th, 2014  /  Banking & Finance, Latest news, Personal Finance, Top Stories  /  Comments Off on Lucia aquires West Coast Asset Management office, key staff

West Coast Asset Management, the alternative investment firm founded by Paul Orfalea and family member Lance Helfert, is merging with a San Diego-based money manager.

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Region’s Richest 2014

By   /  Friday, September 12th, 2014  /  Banking & Finance, Personal Finance, Special Sections, Top Stories  /  Comments Off on Region’s Richest 2014

Pulling back the curtain on wealth in the Tri-Counties, we rank the 20 richest people in Ventura, Santa Barbara and San Luis Obispo counties.

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QAD’s second-quarter profits drop despite record revenue

By   /  Wednesday, August 27th, 2014  /  Banking & Finance, Personal Finance, South Coast, Technology, Tri-County Economy  /  Comments Off on QAD’s second-quarter profits drop despite record revenue

Shares of Summerland-based business software firm QAD fell Aug. 27 on news that the company’s second-quarter profits dropped 24.2 percent to $985,000. QAD reported record revenues and higher operating income during the second quarter. Its total revenue climbed 12 percent to a second-quarter record of $73.1 million, it said, up from $65.2 million in the Read More →