...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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...Home Page » Business and Management Career Choice: Biomedical Engineering Technician Versus Financial Services Entrepreneur In: Business and Management Career Choice: Biomedical Engineering Technician Versus Financial Services Entrepreneur CONTENTS PAGE Introduction………………………………………………………………………………………………………… 3 Biomedical Engineering Technician……………………………………………………………………… 3 Education Requirements………………………………………………………………………………….. 3 Salary Ranging up to $140,000 Annually…………………………………………………………… 4 Fast-Growing Job Field…………………………………………………………………………………….. 4 Moving into Management…………………………………………………………………………………. 4 Financial Services Entrepreneur…………………………………………………………………………… 4 Starting a Business…………………………………………………………………………………………… 4 Potential Income Growth…………………………………………………………………………………. .5 Self-Management……………………………………………………………………………………………… 5 Conclusions and Recommendations……………………………………………………………………… 5 Works Cited………………………………………………………………………………………………………… 6 BIOMEDICAL ENGINEERING TECHNICIAN VERSUS FINANCIAL SERVICES ENTREPRENEUR INTRODUCTION Biomedical engineering is considered the fastest growing job field today, while the financial services industry has also remained strong due to the everlasting need for financial security. These are two drastically different career paths, and both have great potential in terms of career success. With the cost of schooling the way it is, many are wondering if it is even worth...
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...Running head: UBS Financial Services Inc. AN ANALYSIS OF INTERNAL AND EXTERNAL PRACTICES UBS FINANCIAL SERVICES INC.: SWOT ANALYSIS Fall 2012 November 20, 2012 Berkeley College Larry L. Luing School of Business Personal Introduction With a month before graduation, a strange feeling of both accomplishment but yet uncertainty overcomes me. I have nested comfortably in a routine that is college and has been my life for the past four years. Change is imminent, the cliff is pronounced, what was once obligatory will be new and strange. As per a requirement for graduating, students of Berkeley College must engage in an internship to gain work experience in the students’ academic background. Being such that accounting was my choice of study; interning for UBS Financial Services Inc., in White Plains, NY, opportune itself with the experience I need. For many students, including myself, the required internship class was the first exposure to an office setting among many things. Prior my experience at UBS, I was not accustomed to: answering clients’ calls, taking messages, or meeting deadlines issued by anyone other than my professors. There was a definite period of adjusting to the work environment, I needed more time in the morning just to fix a tie. I quickly learned that smarts or native intelligence is but half the battle of becoming a professional in the financial services field; to be professional – to present oneself as someone...
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...Finder is a vital part of financial planning as it is the tool used to ‘explore’ the life of a new investor for the first time. As you know, even people with money can be nutty. These data collection sheets are also great for staying out of trouble and keeping compliance happy. This is because you'll always have what clients told you they wanted on file: Goals, objectives, constraints, investment and insurance suitability, and investment risk tolerance. So when they have "an episode," you can easily set them straight before it escalates to the Broker Dealer / Finra / SEC level (by pulling them out and showing them what they told you in the past). These tools are the most important things every financial planner and/or investment manager should have. They're very inexpensive compared to the benefits, even if you already have financial planning questionnaires. There's going to be much more value with ours, that you can cut and paste to make your own custom financial discovery tools with. Your financial plan case writer will also love you if you get and use these, because it eliminates most all of the data input and rework problems caused by bad note taking, bad handwriting, outdated / duplicate financial statements, bad spreadsheets, and other piles of folders clients give you (correctly thinking that it's your job to make sense of). Start doing "your job right," and your paraplanner case writers will love you for a change, instead of the opposite. Financial Planning Fact Finding...
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...they could not predict • The SEC was exposed as ill-equipped to deal with the chaos after the GFC • US govt handed the financial sector a multi-billion dollar bailout • In 2010, it SEC reached it largest ever settlement when Goldman Sachs was fined $550 million for committing fraud by misleading investors about mortgage securities • Lack of attention to detail to every level of an enterprise Mary Schapiro • Career regulator • She was appointed by the president to assess what went wrong and to ensure it did not happen again • 29th chairman of the SEC and this first female chair • Restoring the agency’s vigour and credibility within the financial regulatory community • A high functioning, agile and intelligent agency, that is committed to investor protection and market integrity is necessary to ensure the success of the economy • Time pressed • Main priorities 1. Assessing what needs to be done within the organisation 2. Shifting the agency’s focus back to protecting the investor 3. Acknowledging its mistakes • Resigned from the SEC to join Promontory financial as a consultant • On the board of GE • Be a good colleague, be the go to person and somebody who the colleagues can rely on • Be an expert, and be the go to person who knows everything there is to know about a subject, build credibility • Work-life balance • Engage in public service and bring all the expertise developed 1. Assessing what needs to be done within the organisation • New senior team ...
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...features of reality, such as changing investment opportunities, unpredictable labor income, habit formation, and transaction costs. And at the same time, scientific studies of actual financial behavior have revealed that people consistently make certain mistakes because of lack of knowledge, faulty logic, cognitive dissonance, and biased statistics. The new science of finance has had a profound impact on the practice of institutional risk management.1 Sophisticated enterprisewide risk-management systems are widely used today by financial service firms and a growing number of nonfinancial companies (DeLoach 2000). In comparison, applications of this new science to the important life-cycle issues households face have been limited. Online financial planning “ tools” “ and optimizers” far behind the best lag theory. Contemporary theory uses multiperiod hedging techniques and contingent-claims analysis, but the quantitative models routinely used by professional financial planners appear to be ad hoc blends of trial-and-error Monte Carlo forecasting and Markowitz’static mean– s 2 variance model of efficient portfolio diversification. The aim of this article is to suggest ways to align the practice of life-cycle investing with the latest scientific knowledge. Among the important insights of modern financial science are the following: A person’welfare depends not only on her end-of-period wealth but also on the s consumption of goods and leisure...
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...Ashlee BlairDaniel CareyStephanie FortnaBrandi Stricklin | 8/4/2011 | | Table of Contents * Introduction: Main Challenge ……………. 2 * Industry Description ……………………… 3 * Brand Analysis…………………………..... 8 * SWOT Analysis………………………….... 10 * Business Model …………………. ………. 13 * Digital Marketing ………………………… 16 * Suggested Solution ……………………….. 21 * Exhibits …………………………………… 23 * References ………………………………… 26 Introduction Bank of America launched mobile banking in May 2007. Mobile Banking lets customers easily and securely access balance information, pay bills with optional Bill Pay service, transfer funds, and find nearby ATMs and banking centers through a mobile application on their smartphones, and through mobile web on their phone browser. Main Challenge WHAT: Increasing overall growth in mobile banking in the financial services industry. Douglas Brown Senior Vice President of Mobile Product Development was quoted, “In less than 3 years we have four million mobile banking customers. That’s an adoption rate almost five to eight times that of our online banking several years ago.” Line-of-business managers are looking for leveraged mobile platforms to meet the needs of their specific businesses. The capabilities of mobile banking through the use of your smartphones or mobile web have become popular with today’s bank customers. WHO: * Jen McDonald, SVP of Bank of America (Digital Marketing Group) * Douglas Brown, SVP of Bank of America...
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...Ashlee BlairDaniel CareyStephanie FortnaBrandi Stricklin | 8/4/2011 | | Table of Contents * Introduction: Main Challenge ……………. 2 * Industry Description ……………………… 3 * Brand Analysis…………………………..... 8 * SWOT Analysis………………………….... 10 * Business Model …………………. ………. 13 * Digital Marketing ………………………… 16 * Suggested Solution ……………………….. 21 * Exhibits …………………………………… 23 * References ………………………………… 26 Introduction Bank of America launched mobile banking in May 2007. Mobile Banking lets customers easily and securely access balance information, pay bills with optional Bill Pay service, transfer funds, and find nearby ATMs and banking centers through a mobile application on their smartphones, and through mobile web on their phone browser. Main Challenge WHAT: Increasing overall growth in mobile banking in the financial services industry. Douglas Brown Senior Vice President of Mobile Product Development was quoted, “In less than 3 years we have four million mobile banking customers. That’s an adoption rate almost five to eight times that of our online banking several years ago.” Line-of-business managers are looking for leveraged mobile platforms to meet the needs of their specific businesses. The capabilities of mobile banking through the use of your smartphones or mobile web have become popular with today’s bank customers. WHO: * Jen McDonald, SVP of Bank of America (Digital Marketing Group) * Douglas Brown, SVP of Bank of America...
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...Consulting Money plant Consulting facilitates outsourcing the non-core activities and provides knowledge-driven financial services. Money plant Consulting is a premier outsourcing & a financial services provider which aims to offer solutions for financial needs and queries of individuals. They are a leading wealth management, capital markets and advisory company with over 06 years of consulting & investing experience. Money plant Consulting was promoted by Mr. Rishabh Parakh (Director). He holds a professional degree of CA from the Institute of Chartered Accountants of India. He started Money Plant Consulting with an aim to outsource the non-core activities of corporate clients and to offer personal income tax/ financial market related services to individual clients. Since its Inception they have been successful in providing seamless service and significant advantage for clients with their extremely competent team of qualified professionals comprising CA's and MBA's & in house Knowledge pool of financial markets, instruments and products. Their aim is to ensure that clients benefit from the professional expertise, technical knowledge and experience. They have been recognized for expertise in the financial arena by highly reputed institutions and clients. They strive to provide transparent, ethical and research-based investments and wealth management services. CORE FUNCTIONS OF MONEYPLANT CONSULTING For IT Company Employee 1. Insurance The firm has experience...
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...Bill Gates is a pretty confident guy. Nilay Patel, Editor-in-Chief In the village of Sori along the banks of Kenya’s Lake Victoria, fishing has long been the lynchpin of the local economy. Jobs here are largely divided by gender: men catch the fish, and the women process the meat, take it to market, and handle finances. As detailed in a 2012 study from the SIT Graduate Institute, residents of Sori traditionally kept their money at home. Theft was a constant concern, and many of the women interviewed reported their husbands misappropriating their savings. For many, traditional banks were either too far away, or demanded minimum deposits the villagers could not afford. All that changed in 2007 with the introduction of M-PESA, a mobile service that allows Kenyans to store and transfer their money using only a cell phone. Funds can be exchanged over the network using SMS messages, meaning it works on almost any mobile phone. M-PESA agents spread throughout the country allow users to convert their credit to cash and deposit or...
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...Introduction History of A&O Financial Services Incorporation: A&O Financial Services Inc. was founded by Christian Allmendinger, Adley H. Abdulwahab, Brent Oncale (former owner and founder of A&O), and many other people. A & O Financial Services, Inc. offers loan and financing services. It offers personal loans, commercial loans, car financing, and mortgage lending services. The company is based in Stockton, California. A&O Incorpration’s address is 1350 West Robinhood Drive, Suite A2, Stockton, CA 95207, United States. A&O Financial Services Inc. provides services by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, loans, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises. A&O Financial Services Inc. works in Financial industry which means that they were receiving deposits from many depositors for the aim of investing them in safe investments for a definite period of time, and then to return back the money along with an additional amount of money as a return. Definition of Fraud: In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation...
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...Nevertheless, modern society grants commercial banks and other corporations alike personae, banks are expected to behave with a conscience as well. Profiting does, rather than diminish welfare of others, promote collective well-being. In the following sections, I will further illustrate how SPDB, the company I serve in, profits economically through promoting the welfare of the society. All data cited can be found in disclosed materials on SPDB’s website. 2. Inclusive Finance The financial mechanism of our country has gone through dramatic changes and innovations to pay more attention and allocate more resources on the underdeveloped and the underprivileged. SPDB, as one of the major banks in China, introduces its inclusive finance policy in order to ensure every enterprise and individual would have equal opportunities to partake in the rapid economic development of our nation. In the past few years, small and medium enterprise (SME) finance, agro-finance and mobile finance have been the spear tips of this banking giant’s inclusive...
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...Banking Ashlee Blair Daniel Carey Stephanie Fortna Brandi Stricklin 8/4/2011 Table of Contents Introduction: Main Challenge ……………. 2 Industry Description ……………………… 3 Brand Analysis…………………………..... 8 SWOT Analysis………………………….... 10 Business Model …………………. ………. 13 Digital Marketing ………………………… 16 Suggested Solution ……………………….. 21 Exhibits …………………………………… 23 References ………………………………… 26 Introduction Bank of America launched mobile banking in May 2007. Mobile Banking lets customers easily and securely access balance information, pay bills with optional Bill Pay service, transfer funds, and find nearby ATMs and banking centers through a mobile application on their smartphones, and through mobile web on their phone browser. Main Challenge WHAT: Increasing overall growth in mobile banking in the financial services industry. Douglas Brown Senior Vice President of Mobile Product Development was quoted, “In less than 3 years we have four million mobile banking customers. That’s an adoption rate almost five to eight times that of our online banking several years ago.” Line-of-business managers are looking for leveraged mobile platforms to meet the needs of their specific businesses. The capabilities of mobile banking through the use of your smartphones or mobile web have become popular with today’s bank customers. WHO: • Jen McDonald, SVP of Bank of America (Digital Marketing Group) • Douglas Brown, SVP of Bank of America (Mobile...
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...STRATEGIC IMPLICATIONS OF THE INFORMATION SUPERHIGHWAY/INTERNET AT CB FINANCIAL BANK Strategic Implications of the Information Superhighway/Internet at CB Financial Bank School of Management IS535 Fall Term 2009 ABSTRACT .This report will discuss the impact of the Information Superhighway/ Internet on CB Financial Bank Focus will be emphasized on current business issues such as customers’ online banking, fraud and identity theft prevention and information security strategies utilized at CB Financial. Employee job loss due to customers’ increased use of information technology (ATMs) will be briefly addressed. Proposed solutions and suggested recommendations to resolve these issues will be made to the CB Financial Executive Committee to be expedited over a three year period. 1 Introduction The Internet has become the Information Superhighway of choice for an ever increasing number of financial institutions such as CB Financial Bank. The impact of the Internet has changed the banking system as its customers once knew it. Numerous research studies suggest that the utilization of the Internet plays a fundamental role in a firm’s ability to enhance business performance through innovations in products, channels and customer segments (Sambamurthy & Grover, 2003; & Tanriverdi, 2005). Banks are making significant investments on the Information Superhighway to align business strategies enable innovative functional operations and...
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...Personal FinanceIt is important to plan the finance for any regular expenditure suchas the basic needs of any person like food, clothes, accommodation,bills etc.To be able to for fill all your personal needs you must have some kindof personal income, which will cover these expenses.The sources of personal income might be:Salary or wages =============== A regular earned income from employment, for these earnings the employee and the employer both have to pay a deduction to the government such as income tax and N.I. contribution. Overtime An extra earned income for the additional hours of work Commissions ----------- An employee can get a percentage of the selling price of product from his/her employer. Bonus ----- Bonus is an earning for good performance at work place. Interest -------- Interest using your money to create more money, expressed as a rate per period of time, usually one year, in which case it is called an annual rate of interest. Winnings -------- You may win money from playing the lottery or gambling on sport events. Gifts ----- Money received from a friend or relative on a special occasion such as birthday. Sale of personal items ---------------------- Earned income from selling personal items Gross and net pay ----------------- Gross pay is the total amount of money earned by an employee before any deduction is made. Net pay is the amount of money an employee receives after deduction have been made for income tax, national insurance and any voluntary contribution...
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