Authorised representatives of AXA Financial Planning, Plan Protect, has announced the acquisition of financial planning firm Bearsden Holdings. Bearsden will be fully integrated into Plan Protect’s Frenchs Forest location, but will maintain its CBD offices to provide greater convenience to clients. The firm that handled the sale, Miles Pty Limited’s vice-president Dean Garvey said the acquisition had garnered ... [full story]
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Over the last few years, interest rates have been increasing in general. And so have the interest rates on housing loans. The EMIs have been increasing - both in absolute terms as well as by way of the tenure. With the increase in interest rates, the interest component of the EMI has been increasing and the principal repayment component ... [full story]
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Part of a financial planner's job is to help clients get a handle on how much money they will require to maintain a certain quality of life in retirement. And because there is no accepted standard regarding the kinds of returns on can expect from various investment types, many planners use different assumptions in doing their own financial independence calculations. ... [full story]
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Society in general has come to accept debt as part of life, something that cannot be avoided. It is not hard to find people with debts that amount to more than 5years of their salary, this without counting their mortgage, and yet many would consider this a comfortable level of debt to live with. The biggest catalyst is that ... [full story]
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Amortization schedules are important simply because they show you how each mortgage payment breaks down into its two parts, principal and interest. With this knowledge, you can adjust your payments to include future principal payments and that will save you from paying their corresponding interest payments. This means if a particular payment is split up in such a way ... [full story]
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Some buy bonds as savings for retirement while some others purchase bonds for college education. Individual Retirement Annuities (IRAs) In this case, IRA stands for Individual Retirement Annuities rather than Individual Retirement Account. For example, it is possible to use your 403(b) to fund your 401(k), Individual Retirement Account (IRA), or another 403(b). A couple had saved up for ... [full story]
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Investors who thought they'd seen the worst from stocks in March are having second thoughts now due to: The breathtaking 40.5 percent jump in the price of crude oil this year. Problems with the credit market continue. Merrill Lynch on Friday cut its earnings estimates for 12 banks by 22 percent in 2008. End of interest rate ... [full story]
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Inspired by this article (which tells us there are 5,270 people on sickness or invalids benefits that are alcohol or drug addicts) I thought I should pass on another unorthodox financial planning solution. Changing the names and some of the circumstances to protect the guilty, this is the situation: A person has 50% custody of their school aged son. ... [full story]
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The Women's Council of Brunei Darussalam yesterday learned that it is never too late to start planning financially for the future when they attended a seminar held by Standard Chartered Bank (SCB) personnel who provided them with some insights on financial planning. "A majority of people may think that financial planning is only for those who have lots of ... [full story]
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It is a sobering thought that a death claim lodged in terms of a life assurance policy taken out “the easy way”, might be repudiated. Could such a situation really arise and how? The sad truth is, yes, it certainly could and it wouldn’t be the first time. In my experience Life Assurance product providers who underwrite very ... [full story]
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Financial literacy is the process by which investors improve their understanding of financial markets, products, concepts and risks. Through information and objective advice, they develop the skills and confidence to become more aware of financial risks and opportunities and make informed choices to improve their financial position. More India business stories Financial education primarily relates to personal ... [full story]
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The Indian growth story in past half a decade has opened up an immense opportunity for skilled professionals, the dearth of which is constantly felt by the industry. Looking at the opportunity available in the industry, especially in Gujarat, Anagram Knowledge Academy (AKA) has affiliated with Financial Planning Standards Board (FPSB), India. The academy would be working as authorized ... [full story]
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Are the thousands of financial products on the market causing you a headache? Do you think your money is languishing in the wrong place? What is the best way to save for your retirement and just how should you invest for the future? Perhaps you need a mortgage or a life assurance policy. It could be that stocks and ... [full story]
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With everyone from Al Gore to General Electric on the bandwagon to save the earth, the idea of doing good while making money is spreading to all corners of the financial world, SmartMoney.com reports. In the past 10 years, assets in socially responsible mutual funds have ballooned, to $50 billion from $8 billion, as the number of funds has ... [full story]
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SINGLE-PARENT households are on the increase in Canada. The number of single-parent families in this country grew at a rate of 7.8 per cent between the 2001 and 2006 censuses, more than double the growth rate of married couple families (3.5 per cent) during the same time period. Heading up a single-parent household comes with an array of ... [full story]
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Intellichoice provides financial products and services to clients in Australia. Intellichoice is committed to providing its clients with tailor-made solutions that are specific to their needs and requirements. Experts from Intellichoice, who have years of experience in the banking industry, provide clients with advisory and consultancy services on various financial needs and products. Intellichoice offers a number of general ... [full story]
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We all want to do more productive, efficient work. If you’ve been looking to implement a new process, but haven’t known where to start, this webcast is for you. In this session, with Jim Bourke, CPA/CITP and partner of WithumSmith + Brown, you’ll learn simple steps and strategies on how to streamline your firm’s workflow. The webcast is ... [full story]
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After expanding in the domestic market aggressively, the Anil Dhirubhai Ambani Group (ADAG) is now turning inward to further its financial services business. The group is close to launching a wholly-owned subsidiary, Reliance Capital Services (RCS), which would exclusively target the existing customers, shareholders and employees of ADAG companies to sell financial products. RCS would sell insurance and consumer finance ... [full story]
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There are many reasons why you need to plan. Let us enumerate some of them: 1. To protect you and your family against financial risks – Financial risks include early death, critical illness, accidents reducing your ability to earn, living too long, etc. 2. To reduce or eliminate personal debt – Too many people spend with money that ... [full story]
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Most financial advisers recommend investing no more than 10 percent of your 401(k) savings in a single company's stock -- and that includes your employer's stock. But among 401(k) participants who have the option of investing in their employer's shares, more than a third have more than 20 percent of their portfolios invested in company stock, according to an ... [full story]
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A newly appointed long-range financial planning committee hopes to sit down with Arlington officials for guidance on long-term financial planning, since both towns have faced similar fiscal challenges. Town Council agreed to create the committee last month, giving it a broad mission to produce a three- to five-year financial plan for the town, and voted to allow council Chairman ... [full story]
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The financial planning profession is growing explosively as millions of aging baby boomers confront the challenges of planning for retirement security. Many baby boomers wonder whether they need a planner - and how to go about hiring one. Retirement planning poses complex challenges - and investing wisely is just one part of the picture; you also need to understand ... [full story]
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Generally we don’t consider money the most important thing in our lives, but we have to admit that it does weave its way through virtually everything we do. When we experience sudden or big life changes, it is wise to look at our financial circumstances and make sure that what was once appropriate, still works now. Examples of life ... [full story]
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Thousands of hard-working young Britons are unable to spare the time to consider their financial future due to the long hours they are spending in the workplace, a survey has shown. Brand Driver quizzed 2,683 young people on behalf of American Express to assess how demands on their time are affecting their lives. Of those who responded, some ... [full story]
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An epidemic of unaffordable mortgage loans have thrown more homeowners into a dire situation: They're no longer able to pay. Housing experts and counselors offer a host of suggestions -- from trying to reach a deal with your lender, to consulting credit counselors, to walking away without paying the mortgage, to trying to sell, to letting the bank take ... [full story]
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Teachers have been advised to invest their salaries by buying shares, properties, livestock and making meaningful bank savings. Specially elected Councillor, Mr Damien Thapa told teachers at Masunga Senior Secondary School that instead of throwing parties for friends, they should invest so that they do not retire poor. Cllr Thapa said for a long time teachers had been ... [full story]
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As part of an intermittent series of financial education courses, Stanford Benefits is offering a free workshop on Thursday, June 19, that focuses on how to stay on track for retirement without short-changing other financial goals. The workshop teaches the skills needed to plan for inflation, manage risk, address issues related to aging and protect your investment portfolio. Conducted ... [full story]
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Melbourne broking house and wealth manager Austock Group Limited will open a financial planning division next week with a team poached from Ord Minnett. The team of five include John Short, previously Victorian practice manager for Ord Minnett Financial Planning, and senior financial planners Carol Hay and Vince Novelli. All have more than 20 years in the financial ... [full story]
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TRAPS are lurking everywhere in the financial world. For investors, for borrowers, and for consumers. We asked six financial experts for their views on the biggest traps that people need to avoid. Their answers are printed below. 1. Spending more than you earn AMP financial planner Mark Borg says too many people fall into the credit debt ... [full story]
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With 78 million baby boomers planning for and entering retirement, many are seeking financial professionals for advice. The financial planning industry, recognizing this boon, has teamed with AARP, the influential seniors' organization, to publish a handbook to help financial planners adapt to the changing needs of boomers and deal with older clients. One key is respecting older clients' ... [full story]
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DEBT-LADEN financial services group Challenger offloaded its underperforming financial planning arm and hinted that it might return capital to investors. The group's financial planning business, comprising Genesys Wealth Advisers and Synergy Capital Management, was sold to AXA Asia Pacific for $150 million yesterday. Under the deal, AXA will also transfer its $1.3 billion Australian annuity portfolio to Challenger. ... [full story]
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Adaptive Planning has upgraded its online financial planning and reporting service with a number of collaboration features, including the ability to connect to colleagues outside an organization for advice on best practices. Adaptive Planning 5.0 offers what the company calls "connected intelligence," which is the ability to tap into the pool of knowledge among employees within an organization or ... [full story]
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