A Brief Note On Wealth Management Products And Chinese Shadow Finance

The role of the wealth manager is not to simply sell a financial product to a prospect. Instead, a wealth manager’s first concern is developing a comprehensive understanding of the client, a client-centric approach to providing financial solutions. Next the wealth manager must match the right solutions to the client’s needs and desires and ensure he or she receives an exceptional service experience. After that, product and service sales opportunities will naturally follow. Making the transition is clearly a trade-off between short-term results and long-term success. Financial security through goals-based wealth management. As a wealth manager with Merrill Lynch,

Bernard Maddoff was entrusted by his family, close friends and his close associates, most of which he hired to work in his company. As with many businessman, positions previously held, are used to persuade others to trust in their business. Maddoff used the “family business” and esteem gained as the former chairman of the NASDAQ Stock Exchange to convince people to trust him and invest their money with him (Stanwick & Stanwick, 2016). It is a proven fact, trust is essential, when operating or starting a business that involves successfully building clientele, especially when involving large sums of money. Once trust has been obtained, greed becomes present and links both sides. Maddoff and his investors, both craved to earn more money than an average investment. Scams or schemes would not exist without greed and is the reason why they will exist for years to come (Stanwick & Stanwick, 2016).

The significant finding from this article is that the world of finance is a very strange world. This world can offer opportunities to many, and at the same time, it can prove to be a mess for the others. Many people are not corrupt in their person, but by being negligent or by being careless, they fail at doing their duty successfully at some points in time. However, what the article talks about is the complete picture. Steven A Cohen faced a problem. He got entangled in an enormous financial mess.

The years 2008 shined a light on a group of people who were considered high society. When the stock market crashed in September 2008, the world shines a spotlight on the financial corporation. Words such as hedge fund manager and financial instrument such as credit default swaps are not words not known to everyday citizens. The economic downturn forced society to ask question not normally asked.

n 2008, the financial crisis affected the companies, the families and the people. This is how I find myself driven towards the financial area. I saw many companies closed and people lose their jobs and families face huge challenge. Therefore, I realized how the financial market changes people’s life and I want to avoid these happening on myself. I pursued a bachelor degree in Business Administration, specifically in finance major. As my knowledge of that field grew, so did my curiosity about the effects of finance, but also in terms of how we can transfer the risk and cut losses.

| Attempt made to analyse a financial issue incorporating discipline knowledge and theory, but only minimal understanding of the issue is evident; Analysis addresses some aspects of the issue, but key elements are not

The role of the wealth manager is not to simply sell a financial product to a prospect. Instead, a wealth manager’s first concern is developing a comprehensive understanding of the client, a client-centric approach to providing financial solutions. Next the wealth manager must match the right solutions to the client’s needs and desires and ensure he or she receives an exceptional service experience. After that, product and service sales opportunities will naturally follow. Making the transition is clearly a trade-off between short-term results and long-term success. Financial security through goals-based wealth management. As a wealth manager with Merrill Lynch,

The Financial Stability Board (FSB) to improve recommendations to support the oversight and instruction of the shadow banking system by mid-2011 in collaboration with other international standard setting bodies. The FSB formed a task force to develop initial recommendations for discussion that would set out potential approaches for monitoring the shadow banking system; and explore possible regulatory measures to address the systemic risk and regulatory arbitrage concerns posed by the shadow banking system.

This paper will include a review of the Madoff Securities case. The Madoff Securities case involved the cunning Bernard L. Madoff swindling his clients to believe that he could guarantee them high profits. Madoff is the largest Ponzi scheme in history.

Recent market developments have highlighted the 'Flight for Security ' of market participants by means of financial collateral. While cash represents the preferred source of collateral in 82% of all OTC derivatives transactions, it needs to be returned with interest to the collateral giver. At the same time this creates a re-investment risk for the collateral receiver. When accepting MMFs as collateral, collateral receivers are not exposed to any reinvestment risk because the fund offers competitive rates of returns. Compared to their

Investing in stocks and mutual funds isn't as difficult or as complicated as many people imagine. These simple investment tools can help anyone secure and grow their wealth through ownership stakes in specific companies (in the case of stocks) or through ownership of groups of companies identified, selected, and managed by investment firms and professionals (in the case of mutual funds). Not all investment tools are so straightforward, however, and in fact not all forms of stock ownership or stock trading are this simple, either. These other tools can also be highly advantageous to investors both large and small, but only if they are properly understood and carefully utilized, and only by some investors.

As a result of these precautions and many more, explained in the next section, it took until late 2008 before the scam was exposed, although people had accused the so-called hedge fund for fraud as early as 2001.

In reviewing the video the object of this paper is to identify at least two articles that highlight and discuss two of the biggest challenges facing financial managers today in these varied market structures. The two challenges reviewed were the ability to staying in tune with market and cash flow and financial management.

The term “shadow banking” is one that is used by banking regulators, the media and academics especially when coming up with explanations for the financial crisis of 2007-2008. It has become a rallying point for international reform efforts aimed at the unregulated nonbank financial activities which have potential to destabilize the global financial system1.However on closer examination it is apparent that not only does shadow banking subsist predominantly within the regulated banking system2, it also in another

The Size of the Shadow Banking: A Review of the Literature and Measurements in New Zealand