...Muthoot Pappachan Group (MPG), founded in 1887, is an Indian business house headquartered in Kochi, Kerala, India. It encompasses several businesses, including financial services, automotive dealerships, hospitality, real estate, entertainment, health services and alternate energy. ------------------------------------------------- Financial Services[edit] Muthoot Fincorp Ltd. is one of the largest non-banking financial companies (NFBC) in India[citation needed], registered with the Reserve Bank of India (RBI). Muthoot Fincorp is a provider of mass finance in the form of gold loans. The company has a diverse mix of retail offerings including loan products, money transfer, roreign Exchange, insurance services and wealth management services. The net worth of Muthoot Fincorp as on 31 March 2014 was Rs. 1249.85 crores and the capital adequacy ratio of the company was 21.01%.[1] Muthoot Capital Services[edit] An NBFC listed on the Bombay Stock Exchange, MCSL offers loans for the purchase of vehicles.. The company is licensed by RBI to accept deposits and offers deposit products. MCSL is active in retail financing and works with borrowers in rural and semi-urban areas. The company offers two wheeler and three wheeler loans and services more than 1,300 dealerships in seven states, with Hero and Honda contributing 80% of the total business.[2] Muthoot Housing Finance Company[edit] Three years back the group entered the affordable housing finance arena through a subsidiary – Muthoot...
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...Memorandum TO: Amy Gregory FROM: Adam Anglisano DATE: November 29, 2012 SUBJECT: TIP Financial Services Summary Executive Summary: The regional vice president of sales at TIP Financial Services, Jack Jensen, found that the Iowa district has experience steadily declining sales under the management of Don Krane. Jack Jensen spoke with Don Krane about the issues, basically serving him an ultimatum: “Increase sales or you’re being let go”. Don Krane concluded that there are three reasons for the poor results in his district. He began to lay out a plan to turn his district results around. Objective: The purpose of this document is to explain Don Krane’s experiences while working at TIP Financial Services and how these experiences serve to show what has transpired to cause a steady decrease in the sales from Iowa’s district. This document will also evaluate the increase in sales brought on by Don Krane in his initial year at TIP Financial Services. The evaluations will be conducted for the purpose of understanding what processes can be amended or added to increase the sales of financial services in Don Krane’s district. Background: Don Krane had a very successful start to his career in the banking industry after graduating with a degree in finance. He worked in many different financial positions, moving quickly up the job ladder, while working at an independent, single-branch bank in Des Moines, Iowa. After the bank was bought out by a larger...
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...SAMPLE CHAPTERS 1-5 1 ASSESSMENT ON THE FINANCIAL SERVICES OF CAVITE METRO CREDIT COOPERATIVE IN IMUS CITY, CAVITE Rosanne Esmeralda Bordador A Research Paper submitted to the faculty members of the Department of Management, Cavite State University-Imus City, Cavite in partial fulfillment of the requirements for the degree of Bachelor of Science in Business Management. Prepared under the supervision of Dr. Jennypher N. Fenomeno. INTRODUCTION Informal types of cooperatives are as old as human history. Whenever people come together voluntarily to help one another by providing a group service, they actually had a simple form of cooperative. But the cooperative movement as we know it today had its beginnings in Europe during the modern times as a result of the Industrial Revolution. In several European countries, the first cooperatives were organized by workingman who were seeking to change the wretched conditions brought about by the new age of machine and factory production that began in England two hundred years ago, and soon after in other countries. In England, the weavers and the other workers in the textile industry were the hardest hit, and they were among the first to organize cooperatives for the purpose of improving their desperate economic and social conditions (San Gabriel, 2010). The International Co-operative Alliance mentioned that Cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural...
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...Towerton Financial Services13 Towerton Financial Services, a brokerage firm, started with a focus on stock trading and mutual funds. As the business grew, Towerton diversified into two new product lines, investment account management and financial planning. Although revenue has grown with the new product lines, Towerton’s management is disappointed with the firm’s profitability. (See Exhibit 5-13 for the most recent monthly income statement, which is typical for the company.) Towerton’s three groups of professional staff deal directly with customers across the four product and service lines. Brokers execute stock trades and mutual fund transactions and provide advice and recommendations. However, Towerton’s brokerage customers make their own buy and sell decisions. Towerton charges a flat fee per stock trade that depends on the total amount of assets a customer has on deposit with the company. Last month, these fees averaged $8.80 per transaction. For mutual fund transactions, Towerton charges 1.5% of the value of the mutual fund shares purchased. This fee averaged $41.45 per mutual fund transaction last month. There is no charge when customers later sell their shares. Investment account managers actively manage customers’ investments by buying and selling stocks to meet customer objectives. These managers meet initially with customers to learn about their investment goals, interests, and risk tolerance. Thereafter, the parties meet quarterly to review account performance and...
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...McBride's Financial Services Bryan Mills BSA 310 09-03-2012 Donn Leiske McBride's Financial Services McBride Financial Service is a low cost mortgage service that is using new technology. McBride Financial Service is a start-up regional mortgage lender headquartered in Boise, Idaho. The firm will specialize in conventional, FHA, and VA loans for home purchasing and refinancing. McBride Financial Service has locations in five states Idaho, Montana, Wyoming, North Dakota, and South Dakota and provides low cost mortgage services. The clients that they serve are professionals purchasing a primary or secondary home, retirees purchasing a primary or secondary home, and families or individuals purchasing recreational properties. McBride Financial Service is trying to increase the customer base and needs some ideas to implement into the new marketing plan. The purpose of this paper is to critique ideas to expand the customer base for McBride Financial Services. The paper will be covering the market research that should be undertaken. The paper will show, which media type would be the best choice to use and why. The paper will also show what McBride Financial Service target markets should be, and explain why McBride Financial Services should use these markets. Finally, the paper will show the considerations for McBride to conduct a portion of their marketing on the Internet and the reasons McBride Financial Services should use these services. The first thing that will be covered...
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...Financial Services Management Student’s Name: School Name: Introduction The financial services sector comprises an important part of the UK economy. Some of the major industries in the financial services sector include banking, investment and insurance industries. These industries are further segmented into investment and commercial banks, broking firms and building societies. A further inclusion involves independent financial advisors and insurance and re-insurance companies (Kalle, 2009). The financial and professional services industry in the UK is the largest in Europe. The industry employs more that one million professionals. Its approximate contribution to the UK gross domestic product (GDP) is about 12% (Raby, n.d). However, in recent times, the industry has been ravaged by economic downturns. Consequently, pay and job cuts have increased (Kalle, 2009). This report lays focus on the financial services organizations in the UK. A particular interest is expressed towards banks with Barclays PLC being the subject of the study. Barclays Bank was founded in 1690 by John Freame. It was not until 1896 that David Barclay made Barclays a limited company. This was named Barclay & Co. which was recently renamed to Barclays Bank PLC (Ackrill and Hannah, 2001). Barclays PLC has many subsidiaries all over the world. It operates in over 60 countries and employs more than 113,000 people. Collectively, these are referred as the Barclays Group. Barclay group has a large market capitalization...
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...Governance in Financial Services UMACTF-15-M Corporate Financial Strategy – 2014 Student number- 07975484 Word Count- 2,021 Introduction Dictum Meum Pactum- My word is my bond. Simple, powerful, trustworthy. Unfortunately, the world we live in is not simple, those that hold power (and those that do not) are not always trustworthy. Moral hazard is rife in everyday decisions we make, when multimillion amounts are on the line this does not simply fade. In fact, the temptation to break moral code is as high as it will ever be. As much as we would like to trust those in control to be acting in our best interest, we definitely feel better when there are safeguards in place to ensure we are protected. These safeguards are the beginning of the notion of corporate governance, “The process of supervision and control intended to ensure that the company’s management acts in accordance with the interests of shareholders” Parkinson (1993). Over the course of this essay I will investigate and explain how corporate governance has failed and how this failure is arguably at fault for, or at least contributed to, the recent financial crisis in the UK. Critically assessing the pitfalls in corporate governance I will present a reasonable case for where responsibility lies for resolving previous problems and from this move to suggest potential areas for improvement that may limit the potential for future failure. What has happened? We have experienced financial crisis....
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...Best Financial Services Inc. This report is consistent with our signed Academic Integrity Form on file with the instructor. Matt van den Boogaard Emily Bedwell Alla Fedorets Saghi Ahmadi David Merlo Miguel Veloz September 28, 2015 ENTR 3140 – S10 1 Critical Issues In order for Best Financial Services Inc. (BFSI) to attain a growth in revenue of 5%1 per year for 4 years and for Linda Best to maintain a healthy work-life balance (35 hours/week2 and retirement in 10 years) (Grasby and Dunn, 2009), the following issues need to be addressed: • • • How to diversify the aging target market to decrease the amount of lost revenue streams How to address the current maximum capacity of clients in the extremely competitive environments How to gain a competitive advantage by achieving a score that is equal to or greater than private firms (as measured in the competitive matrix, see Exhibit 1) in the global economic depression Analysis Over 50% of BFSI’s clients are aged 51 years old or older (Exhibit 2). This aging target market will be inclined to start withdrawing their investments throughout their retirement (Exhibit 3). This is a major threat for BFSI because the company heavily relies on this declining market and will be losing revenue streams. BFSI has a major issue in that 57% of their clients are not making breakeven revenues (Exhibit 14). In addition, the smallest client segment is making the company the most money. The financial industry...
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...market, it has to address the following: * How to increase the daily work efficiency in the office so that Best Financial can serve more clients than it currently does which is 600. * Which option Linda should choose so that the company will grow in a sustainable way. * How to maintain existing clients so that Best Financial’s existing client base (600) will be loyal and stable. * How to develop a new marketing plan so that it will be more cost-effective. (unnecessary marketing expenses will decrease by approximately $550 per year) Analysis: Due to Best Financial’s good work ethic and values, its sales level and client base had been growing steadily throughout the years. However, things have changed right now, the recent loss of the top client-Gerald Young was a wake-up call for both Linda and Best Financial. First, the competition in the financial services industry in Sarnia is high (Exhibit 2), especially because of the existence of those 4 big companies (Exhibit 3). Second, according to Sun life Financial’s annual report, its sales decreased by 12.8% in 2007. This might be a big signal that the overall market environment is facing a recession. Therefore, if Best Financial still wants to grow in the future, it has to take advantage of its strengths and try to improve or avoid its weaknesses (Exhibit 1). In last couple years, Best Financial was trying to do some advertising on newspapers and bus shelters, it was actually a big waste of money. A research shows...
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...McBride Financial Services Security Policy xxxxxxxxxxx CMGT 441 November 23, 2014 Professor xxxxxxx McBride Financial Services is a start-up loan company that will provide low cost mortgage services using state-of-the-art technology. McBride has five locations; the locations are in Idaho, Montana, Wyoming, North Dakota, and South Dakota. The clients will consist of the following: * Professionals purchasing either a primary or secondary residence. * Retirees purchasing a primary or secondary residence. * Families and/or individuals purchasing recreational properties With the type of low cost mortgage services being provided the McBride Financial Services will need to implement security polices to protect clients using the services. The Information Security requirements of Online Applications Services have to be more secure than Information Security requirements of a physical bank. Protecting user data has to be a number one priority for any online financial company. The policy will apply to all Online Loan Applications (OLA) and any outsourcing to McBride’s application provider and support staff. The best practices for OLA are as follows: * Ensure Consumers are making educated financial decisions by fully disclosing all Loan terms in a transparent and easy to understand way. * Give Consumers a chance to change their mind by maintaining a reasonable cancellation policy. * Be a company in good standing with the officials and regulatory bodies that govern you...
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...Elite Financial Services As Albert Johnson, Director of Compensation at Elite Financial Services, examines the annual budget, he is concerned about the rising cost of the healthcare insurance the company provides to its’ employees. In response to some recent challenges in the marketplace, Elite’s CEO has sent out the directive to cut costs wherever possible. The company’s healthcare insurance benefit accounts for more than one third of the overall benefits budget and Albert thinks that there may be some opportunity for savings. Elite Financial Services provides financial planning support to a variety of clients. Unlike many of their competitors, Elite provides healthcare insurance to all of their Financial Planners and also to the entire administrative staff. The company provides a basic fee-forservice indemnity plan for its’ 275 employees. The company also provides vision and dental insurance. About 60 of the employees have single coverage, 75 cover themselves and their spouse and the remaining employees have full family coverage. Over the past ten years, Elite has had to compete with other leaders in their industry for talented Financial Planners. As a result, the company’s priority in the past has been to make the company benefit program as attractive as possible to current and future employees. Pay for Financial Planners is based primarily upon incentives and therefore, offering a generous benefit program allowed Elite to attract and retain top Financial Planners...
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...Essay 1 The Financial Services Industry in the United States Financial markets in the United States are the largest and most liquid in the world. In 2012, finance and insurance represented 7.9 percent (or $1.24 trillion) of U.S. gross domestic product. Leadership in this large, high-growth sector translates into substantial economic activity and direct and indirect job creation in the United States. Financial services and products help facilitate and finance the export of U.S. manufactured goods and agricultural products. In 2011, the United States exported $92.5 billion in financial services and had a $23.0 billion surplus in financial services and insurance trade (excluding re-insurance, the financial services and insurance sectors had a surplus of $59.5 billion.) The financial services and insurance sectors employed 5.87 million people in 2012. The securities subsector of the industry shows great potential for employment growth, with a 12 percent increase expected by 2018. According to the U.S. Department of Labor, 818,000 people were employed in the securities and investment sector at the end of 2012. Investment in the U.S. financial services industry offers significant advantages for financial firms. In 2012, at least 132 of Fortune’s Global 500 companies have chosen to locate their headquarters in the United States to take advantage of its creative, competitive, and comprehensive financial services sector. The industry offers the greatest array of financial instruments...
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...Team 4 Best Financial Services Inc. Team 4 Critical Issues In order to retain valuable customers and capture a new customer segment for sustainability, Best Financial Services Inc. must address the following: How to identify a new segment of customers that can be developed for future years so that Best Financial Services can address an aging Sarnia population and differentiate itself against growing competition. Design a marketing plan which will target the chosen segment so that the values of this segment can be addressed. Analysis Industry and Competitive Analysis Best Financial Services Inc. (BFS) is currently positioned in a highly competitive market. BFS competes with both corporate competition (Exhibit 1 for Competitive Analysis) and private practices. Of the five variables listed in Exhibit 1, BFS only has control over the brand image, and service aspect of their business. Consumers in the market have high bargaining power due to low switching costs and many substitutes available. The long-term objectives of corporate competition are to target the general population as a whole, whereas the small competitors focus on niche needs and specific consumer markets. The financial services industry is largely based on reputation, relationship, and cooperation therefore relying on leveraging industry experience to strengthen BFS’s marketing strategy. Please refer to Exhibit 2 for Industry Analysis. Best Financial Service Inc. Client Segmentation Analysis According to the...
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...Executive Overview Highline Financial Services, Ltd. provides financial services to its clients. It separates these services into three categories, A, B, and C. For planning purposes, the company requires a forecast of demand for each of its three categories of service over the next four quarters. Given no significant changes in advertising and promotion or in competition, this report examines the demand for each category of service, over the past two years to predict a reasonable estimate of demand for the coming year. Analysis The additive approach to the naïve method of forecasting serves as a standard of comparison against the other time-series data forecasting technique, the moving average. The naïve method versus the moving average technique result in the following estimates for year three for each category of service each quarter, respectively: Service A first quarter 84/66, second quarter 57/48, third quarter 124/106, and fourth quarter 95/80. Service B first quarter 75/90, second quarter 65/80, third quarter 78/88.5, and fourth quarter 35/57.5. Service C first quarter 111/97.5, second quarter 60/82.5, third quarter 110/110, and fourth quarter 110/95. The data from years one and two as well as the estimates for year three are shown in Appendix A. In reviewing the last two years of demand data, Service A has a general increase in demand, Service B has a general decrease in demand, and Service C has a flatter pattern of demand. The historical graphs in Appendix...
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...Case Study about Sun Life Financial Services Manalaysay, Levi Jhanine P. MG11A Prof. Rosalinda Lacerona Title of the case: Sun Life Financial Services Time Context: Summary/ Abstract Sun Life Insurance is an international insurance company, providing individual and corporate life insurance, group retirement services and benefit management services. The Canadian operations have offices located throughout Canada, with the head office in Toronto. The Group Claims division provides drug and dental claim management and claim adjudication to companies in Canada through its 4 main centres in Toronto, Ottawa, Edmonton and Montreal. Clients include the Federal Government, City of Toronto, Royal Bank of Canada and Magna International. Sun Life Canada alone had a customer base of 7 million. It had its stock listed on the stock exchanges of Toronto, New York, London and Manila. Sun Life’s presence in Hong Kong has been growing stronger and stronger over the past 100 years. Clear and sound policy formulation requires any company to have well defined business objectives, vision and mission. Sun Life Hong Kong aims to be one of the top five players in the Hong Kong market for both wealth management and insurance. In the present time, Sun Life manages assets in excess of $425 billion and has an employee base of more than 14,700 and few thousands of independent agents worldwide. By 2001, with revenues of C$ 16.7 billion, Sun Life Financial Services (Sun Life) had emerged as...
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