Money

T. Rowe Price names Céline Dufétel as next CFO

T. Rowe Price Group on Tuesday named Céline Dufétel vice president and said she will serve as the firm’s next chief financial officer. The company announced in January that current CFO Kenneth V. Moreland planned to retire this year after more than a decade with the Baltimore-based money manager....

  • Baltimore medical device startup raises $3 million

    Baltimore medical device startup raises $3 million

    Sonavex, a medical device company in Baltimore, has raised $3 million to push the firm through the regulatory approval process for its device to detect blood clots. The round was led by Grey Sky Venture Partners with investments from CRCM Venture Capital, TEDCO, the Abell Foundation and individual...

  • T. Rowe Price opens technology development center in NYC

    T. Rowe Price opens technology development center in NYC

    T. Rowe Price Group has opened a technology development center in New York City as the Baltimore money manager looks to expand the role of technology in its investment strategies. The center will employ between 50 and 60 workers, including technical architects, data scientists, software engineers...

  • Despite high fees, check cashers seen as part of community, customers say

    Despite high fees, check cashers seen as part of community, customers say

    From behind the Plexiglas window at the back of his Brooklyn Park shop, Charlie Ward spotted one of his regular customers ambling toward him. "He's heerrre!" exclaimed Ward, arms out to 80-year-old Roy Wasmus, who has been coming to the Brooklyn Park check casher for close to 30 years, first to...

  • Maryland Insurance Administration suspends license for Everest Wealth Management

    Maryland Insurance Administration suspends license for Everest Wealth Management

    The Maryland Insurance Administration suspended the insurance license of Everest Wealth Management on Thursday, after the Maryland attorney general's office handed down steep penalties this week to the Towson firm and its owner for alleged fraudulent misrepresentation of the risks of their investment...

  • 10 design features from Sagamore Pendry Baltimore

    10 design features from Sagamore Pendry Baltimore

    Sagamore Pendry Baltimore, the highly-anticipated Fells Point hotel set to open Tuesday, reads like a love letter to Baltimore and American history. Built on Recreation Pier, the 128-room boutique hotel is backed by the real estate companies owned by Under Armour CEO Kevin Plank and his brother,...

How to buy investment property

There are a lot of pluses to owning rental real estate: diversifying from the usual investments of stocks and bonds; offering an alternative stream of income; and creating a potentially scalable business. But there are challenges, too — it requires capital, a time commitment and dealing with tenants....

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