Archive for June, 2014

ANZ launches wealth app

ANZ launches wealth app
Joyce Phillips

ANZ has launched what it is marketing as Australia’s first financial services app that combines everyday banking with comprehensive wealth management solutions. 

The banking group said the key features of the new “Grow” app were its everyday banking application, goMoney, share trading and research capability, insurance tools and solutions and access to the bank’s Smart Choice Super product. 

Commenting on the new product, ANZ Global Wealth chief executive, Joyce Phillips, said it was part of a serious of innovations aimed at delivering simple and accessible wealth solutions across the physical, digital and advice space. 

“In the near future, Grow by ANZ will also include enhanced investing tools, access to virtual  

advice and new ideas on how to give back to our communities through philanthropic  

instruments,” she said. 

Tags:

Friday, June 27th, 2014 EN No Comments

magii, Inc Comments on an Article Discussing Social Security Bonuses

HAUPPAUGE, N.Y., June 27, 2014 /PRNewswire-iReach/ — magii, Inc, an employee benefits, wealth management and retirement advisory firm based in Hauppauge, NY, comments on an article published by Forbes titled “How To Get Social Security’s Biggest Bonuses.”    

Photo – http://photos.prnewswire.com/prnh/20140621/120369

According to the article, “For most retirees with adequate savings, the best strategy has always been to wait to collect Social Security benefits until either full retirement age — which varies depending on year of birth — or age 70. But far too many Americans retire at the wrong time — leaving some $120,000 in lifetime benefits on the table.” Individuals that claim Social Security retirement benefits at age 62, the earliest age of eligibility, will receive reduced benefits. Conversely, individuals who wait later to claim benefits will receive a higher percentage of the benefits paid.

Mark Gajowski, CFP, CLU, CEBS founder and CEO of magii, says, “Planning for your own retirement can be a daunting task.  Trying to understand the myriad of retirement distribution planning, social security, taxes and health care in retirement is complex.  Wealth management firms and Certified Financial Planners® can help manage the retirement planning process, allowing you to devote your time and energy to the people and interests that are most important to you.”

magii, Inc is an wealth management and retirement advisory firm for successful business executives and near retirees who desire financial peace of mind. magii is located in Long Island, NY and serves clients in New York, New Jersey and Connecticut.

Media Contact: Mark Gajowski, magii, 631-434-8200, mark@magii-inc.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE magii

Tags:

Friday, June 27th, 2014 EN No Comments

WH Ireland hire spree sees Charles Stanley trio join to launch office

WH Ireland hire spree sees Charles Stanley trio join to launch office

WH Ireland is increasing its investment manager headcount by 10% after a double swoop on Canaccord Genuity and Charles Stanley, which will see the firm open a new regional office in Milton Keynes.

The stockbroker is hiring a three-strong team from Charles Stanley’s Milton Keynes branch, including office head Paul Wilson.

Wilson joined Charles Stanley in 1999 as a stockbroker and replaced Michael MacDougall as branch manager in October last year after the latter retired.

He joins WH Ireland’s new office as an investment director. His colleagues Nicholas Fox and Robin Innes-Kerr, both investments managers, will move over when their notice periods finish.

The trio will continue running discretionary and advisory funds when the office is opened in September.

Additionally, a four-strong team is joining WH Ireland from Canaccord Genuity’s London office. Vincent Ferguson, Martin Guilbert and Turon Miah are joining as investment directors, along with associate director Andrew Little, who will join the London office after serving his notice period.

The hiring of the two teams will result in a 10% increase in WH Ireland’s investment manager headcount, which is now up to 70.

‘These appointments are evidence of our growth initiatives to extend our capabilities and selectively add high quality individuals and new offices, following the successful opening of our Isle of Man office earlier in 2014,’ WH Ireland chief executive Richard Killingbeck (pictured) told Wealth Manager.

The hires are expected to assist in growing the group’s £2.5 billion of assets under management.

Meanwhile, Charles Stanley said Paul Neanor remains at its Milton Keynes branch and will take over the day-to-day running of the office.

Tags:

Thursday, June 26th, 2014 EN No Comments

Top Wealth Management Firm magii, Inc Recaps 5 Common Investment …








<!– imageTag: –>
<!– imageTagafter: and imageUrl: http://wealthmanagement.me/wp-content/images/cache/0/26/494/2e21f_119801 –>


















HAUPPAUGE, N.Y., June 26, 2014 /PRNewswire-iReach/ — magii, Inc, an employee benefits, wealth management and retirement advisory firm based in Hauppauge, NY, comments on an article published by Forbes titled “Millionaires’ Five Biggest Mistakes.” According to the article, millionaires are just as susceptible to making investment mistakes as lower net worth individuals. The article lists these five common investment mistakes made by millionaires.

Photo – http://photos.prnewswire.com/prnh/20140621/119801

  1. Failure to Diversify
  2. Investing without a Plan
  3. Making Emotional Decisions
  4. Failing to Review a Portfolio
  5. Focusing on Past Returns

Mark Gajowski, CFP, CLU, CEBS founder and CEO of magii, says, “Wealth management is an extremely tricky task. Therefore, many successful individuals entrust the wealth management and investment process to a firm such as magii. At magii, we assemble a team of financial experts that work in collaboration with our clients, so all the important facets of their financial lives are addressed. We provide our wealth management clients with a team of individuals, which may include a certified financial planner, a certified public accountant, a disability / life insurance specialist, an estate planning attorney, a risk management and a retirement planner.”

magii, Inc is an wealth management and retirement advisory firm for successful business executives and near retirees who desire financial peace of mind. magii is located in Long Island, NY and serves clients in New York, New Jersey and Connecticut.

Media Contact: Mark Gajowski, magii, 631-434-8200, mark@magii-inc.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE magii

RELATED LINKS
http://www.magii-inc.com

Tags:

Thursday, June 26th, 2014 EN No Comments

WH Ireland expands wealth arm with four senior hires

Financial services firm WH Ireland has expanded its private wealth management business in a bid to grow assets under management.

The corporate broker and wealth manager has announced it will open a Milton Keynes office, in addition to opening an office in the Isle of Man earlier this year.

It has also appointed four more investment directors to its London office. Vincent Ferguson, Martin Guilbert, Turon Miah and Andrew Little all previously worked at Canaccord Genuity Wealth Management.

WH Ireland chief executive officer Richard Killingbeck said the expansion represents the firm’s growth initiatives to extend capability and selectively add individuals and teams.

He said the appointments reflect WH Ireland’s improved business and a changed industry landscape:”We believe that they will significantly augment our funds under management over the next 12-18 months.”

Tags:

Thursday, June 26th, 2014 EN No Comments

AGDelta Appoints Simon Wong as Business Development Director, Head of …

  • Email a friend

I am delighted with Simon joining, which will further benefit AGDelta, our sales network and our clients by building deeper relationships within the Wealth Management community and working with our clients to help develop innovative solutions

Singapore (PRWEB) June 25, 2014

Simon has over 15 years of sales management and business development experience. He started his career as Business Development Representative with a Canadian technology start-up and worked his way up to becoming Regional Director for North Asia where he successfully opened market in Hong Kong, China and Korea before he moved to SuperDerivatives. Simon was appointed as Head of Sales for Greater China in 2012 where he led the team to becoming the top revenue producing region in Asia for two consecutive years.

“I am delighted with Simon joining, which will further benefit AGDelta, our sales network and our clients by building deeper relationships within the Wealth Management community and working with our clients to help develop innovative solutions that drive business performance.” said Andrew Au, Chief Executive Officer at AGDelta.

About AGDelta

AGDelta is a leading provider of Digital Wealth Management Solutions. From low touch multi dealer multi product electronic dealing, to high touch client advisor mobility and workbench tools, AGDelta helps some of the fastest growing wealth financial service providers achieve a rare combination of scalable revenue growth, streamlined efficiency, robust compliance controls and enhanced banker-client experiences.

AG|CapitalTM has been recognized as a Top E-Commerce and Client Interface Solution Provider in the Structured Products Technology Global survey; Red Herring Asia Venture 100 Award Winner; most recently received recognition as “Best Front Office Solution” at the 2014 WealthBriefing Asia Singapore and Hong Kong Awards respectively, as well as Best Wealth Management Platform in Greater China at 2014 Private Banker International 6th Annual Greater China Wealth Awards 2014.

For more information about Mr Simon Wong, Please visit: http://www.agdelta.com

###

Email a friend


PDF


Print

Tags:

Wednesday, June 25th, 2014 EN No Comments

Money Concepts International Inc. Signs Agreement With FEDCOM Credit Union …

  • Email a friend

The Straightest Path to Success

The Straightest Path to Success

Grand Rapids, MI (PRWEB) June 25, 2014

FEDCOM Credit Union is a $52.1 million asset credit union based in Grand Rapids, Michigan, signed an agreement with Money Concepts International, Inc. to offer financial planning and wealth management services to their members.

Anna Marie Zielinski, President CEO of FEDCOM Credit Union stated, “Since 1926, as Michigan’s oldest credit union, FEDCOM’s primary goal has been to offer our members the highest caliber of financial products and services available throughout their lifetimes. Partnering with a wealth management leader like Money Concepts will ensure that our members are afforded many opportunities for those financial goals to be met, regardless of where they are in their lifetime.”

Anthony DuBois, President of the Money Concepts Financial Planning Center supporting the financial planning activities at FEDCOM Credit Union said, “I am pleased and honored to be formally associated with the great staff of FEDCOM, whom I deeply respect and enjoy. I am really looking forward to offering their members the high quality investment products and services that Money Concepts is known for around the world.”

About Money Concepts

Money Concepts Capital Corp is a privately owned independent broker-dealer and dually registered as a Registered Investment Advisor based in Palm Beach Gardens, FL. Established in 1979, and its parent company Money Concepts International Inc. has a network of approximately 700 financial professional’s centers nationwide.

In addition to serving independent advisors, Money Concepts provides turn-key wealth management services for community banks, credit unions and tax professionals. Money Concepts advisors provide holistic planning and offer a full array of non-proprietary products and services including advisory and alternative investment services.

Money Concepts has been helping credit unions large and small deliver quality financial planning services to their members since 1984. Money Concepts is a national business partner of NAFCU Service, Inc., and are serving a growing number of credit unions across the nation.

For more information, visit http://www.moneyconcepts.com/Institution and follow us on Facebook, LinkedIn and Twitter.

Email a friend


PDF


Print

Tags:

Wednesday, June 25th, 2014 EN No Comments

Schroders takes stake in online wealth management firm

Schroders takes stake in online wealth management firm

Fund manager Schroders has taken a stake in online wealth management firm Nutmeg.

Schroders is part of a group of high-profile backers who have invested a combined £18.9 million in the simplified discretionary service.

According to The Financial Times the group also includes Carphone Warehouse founder Charles Dunstone and ICAP chief executive Michael Spencer.

Schroders executive chairman Massimo Tosato will take a seat on Nutmeg’s board.

The FT quoted Tosato as saying the move to back Nutmeg was ‘an interesting financial investment in an innovative and fast-growing online wealth management business’ and that the asset manager wanted to participate in the firm’s ‘next stage of growth’.

Read the full story here.

Nutmeg is the brainchild of Nick Hungerford (pictured), previously an investment manager at Brewin Dolphin.

Tags:

Wednesday, June 25th, 2014 EN No Comments

Valuing Education

1)    What is HSBC’s objective in supporting parents’ interest in paying for children’s schooling in UAE?

At HSBC we focus on understanding our customers’ most important life goals and aim to help fulfil their aspirations in these areas. We have seen that financing education is a particularly important wealth need as parents see it as a transformative force in the lives of children that sows the seeds for success.

Our latest research, ‘HSBC’s Value of Education: Springboard for success’, examines the hopes that parents from around the world have for education, and worryingly, reveals that although parents in the UAE have high aspirations for their children, the majority are not financially prepared to meet these goals. While 86 per cent of them hope that their children study to a post-graduate level, two-thirds say they wished they had begun saving earlier.

To support these aspirations, we have invested in a comprehensive range of products and services, while our accredited financial advisors work on a personalised level with parents, to help them plan for their children’s education.

At HSBC, we have also removed any direct link between product sales and variable pay. We do not pay commission for any product sale; rather, we reward our staff based on how well they meet client needs. The financial decisions of our Premier clients are shaped by the people, events and ambitions that are most important to them; their personal economy. With the change in incentive plans, we have ensured that our clients’ personal economy remains the foremost priority of our financial advisors too.

2)    How well are parents informed in finance options for education, available in the UAE?

As our latest report shows, parents are not aware of the full range of financing options they have available for funding their children’s education. According to the findings, virtually all (99 per cent) parents in the country are paying fully or partially through their current income, and almost a third use current savings, while funding through investments (two per cent) or specific education plans (one per cent) is very rare.

In this regard, the UAE is far behind the global average, where parents put more focus on investments and specific education plans. To this end, one of our priorities has been to raise awareness for the value of these options in developing a sustainable financial plan.

3)    How can parents save and plan for their children’s educational future?

With the high educational aspirations parents in the UAE have for their children, the first step they need to take is to put together, and continually update, a plan which takes into consideration their goals for each child, including factors like the type of education i.e secondary, high school, further studies, as well as public or private schooling.

Based on these decisions, developing an investment or education saving plan as soon as possible and adding to this pot regularly is critical. We advise parents to sit down with a financial planner to help develop this fully-fledged financial plan that fits their needs and risk appetite. It also provides you the opportunity to get professional advice on a regular basis to ensure the plan is moving according to your goals and if it needs to factor in any changes.

4)    How can banks and financial institutions innovate products for UAE’s education sector and where are the gaps?

We have seen a trend over the past few years of banks adopting a more customer-focused approach as they realise the importance of developing personalised products that cater more to their clients’ long-term needs such as education and retirement. Although there are more products in place, we realise that parents are not as aware of these services, as four in five (82 per cent) believe that paying for their child’s education is the best investment they can make, but less than  one per cent cite they have specific education plans. As a result of which we at HSBC are constantly investing in educating customers about the types of products and saving vehicles available.

Given that the UAE is largely an expatriate market, one of the other areas that banks can look to address is the development of portable financial solutions for this segment. These services should allow parents to make investments into a particular investment or education plan, and continue to grow it even if they leave the country.

HSBC’s ‘Savings Plus’ plan developed with Zurich provides this portability as people can continue to access and invest in it wherever they travel, which is also supported by our global network. The product has been specifically developed for medium-to-long terms      goals like planning for education, while offering protection and flexibility to choose investments. 

Tags:

Tuesday, June 24th, 2014 EN No Comments

Sovereign wealth funds are increasingly investing new allocations to alternative …

Sovereign wealth funds are increasingly investing new allocations to alternative asset classes, figures from the second annual Invesco Global Sovereign Asset Management Study show.

The study was conducted amongst more than 50 individual sovereign investors across the globe, representing US$5.7 trillion of assets.

Alternative investments remain the clear asset class winners in terms of new asset allocation within sovereign investor portfolios, mirroring the trend reported in the 2013 study.

More than half (51%) of sovereign investors surveyed increased new exposure to real estate in 2013 and 29% to private equity, relative to the total portfolio. Sovereign investors expect to increase new allocations across all major alternative asset classes in 2014 relative to 2013 asset placements. This includes real estate, private equity, infrastructure, hedge funds and commodities.

Amongst Asian sovereigns, 60% are expecting to increase allocations to real estate in 2014 compared to 56% in 2013. Three quarters of sovereign wealth funds surveyed expect to increase allocations to global infrastructure in 2014, compared to 71% in 2013.

The report said analysis of the findings suggests this continued appetite for alternatives is a structural trend driven by the influence of allocating assets strategically, rather than a short term shift due to tactical allocations to boost short term returns.

Many sovereign investors remain underweight in alternatives relative to their strategic asset allocation targets. These sovereign investors had increased their target allocations for alternatives in the last five years and had yet to reach these targets. Just under half of sovereign investors (46%) expect funding levels to increase in 2014 relative to 2013.

“Given alternatives underperformed during the period in which their allocations increased, it is clear that a strategic asset allocation strategy is driving sovereign investors to alternatives, rather than tactical allocation,” Nick Tolchard, co-chair of Invesco’s global sovereign group and head of Invesco Middle East, said.

“The expected net increase in new funding this year is another key factor that explains this preference for alternatives, driven by increasing country surpluses and strong support from governments for their sovereign funds. However, the main reason is that many sovereign investors, especially those with assets in excess of US$50 billion, are seeing it take time to deploy assets in alternatives and emerging markets and are yet to reach the asset allocation targets set five years ago.”

Within alternatives global infrastructure was particularly popular, with 47% of sovereign investors citing an increase in exposure to new global infrastructure in 2013 relative to their portfolio on a net respondent view basis, compared to 22% in 2012. Furthermore, sovereign investors expect allocations to increase again in 2014 on a net respondent view basis, with 53% of sovereigns citing an anticipated increase in allocations in 2014 relative to 2013 allocations.

Get stories like this delivered to your email – Sign up for the free newsletter

Read more about…

Tags:

Tuesday, June 24th, 2014 EN No Comments