The
adoption of financial services social media may be getting a boost as
FINRA recently released its long-awaited update on its usage.
Author: admin
FINRA Updates Financial Services Social Media Guidelines
Posted by admin on June 14, 2015
The Dangers of a Foreign Currency Mortgage
Posted by admin on June 13, 2015
In the 2000s some British mortgage borrowers who were sold complicated
foreign currency mortgages are suffering a disadvantage with high
repayments and increasing debt because of large fluctuations in exchange
rates. The hardest hit borrowers have been those with home loans linked
to the Japanese yen which has recentlyrisen to levels not seen in over
20 years.
Many experts believe that these foreign currency mortgages should never
have been sold to clients who did not fully appreciate the risks
attached to such deals and urge clients to always take professional
advice regarding foreign currency loans.
Japanese yen foreign
currency mortgages were sold in the early to mid 2000sin order for
borrowers to take advantage of the low interest rates in Japan at a time
when interest rates were not low in the UK. This meant that monthly
mortgage repayments were less expensive than for a normal UK mortgage.
In 2004the difference in yen mortgage interest rates and sterling
interest rates wasabout 5 per cent so the savings were substantial.
However, the risk associated with a mortgagesin a foreign currency is
that if the foreign currency increases in value against sterling, the
monthly repayments go up in equivalent sterling terms. In addition, the
total amount of the debt in sterling also rises.
Shocking
figures that illustrate just how great this risk is show that a Japanese
yen based mortgage equivalent to 500,000 in 2004 would have increased
to a debt of 770,000 by 2009 and a staggering 855,000 by 2012 because
the yen-sterling exchange rate had risen from 200 to 117 to the pound
over that period.
Japanese yen, Swiss franc and US dollarmortgages were all sold by
well-known British banks in particular to UK expats living overseas, but
experts have argued that foreign currency mortgages are only suitable
for sophisticated investors who understand the risks. Foreign currency
mortgages can be a good solution for some high net worth clients who,
for instance,do not receive their income in sterling or who have major
assets in foreign countries. Such investors can benefit from this type
of deal but banks were selling these loans in the 2000s to less
knowledgeable investors as a means of just reducing the interest rate
payable. There was no managed multi-currency loan arrangement to hedge
the associated risks so it proved to be a highly risky strategy.
Some of the borrowers whose mortgages have been adversely affected by
the yen exchange rate rises have reported that they were not fully
warned of the dangers of such loans. Furthermore, many of them are not
covered by the UK financial services jurisdiction so cannot have their
complaints investigated by the UK’s financial ombudsman.
High
net worth mortgage experts believe that foreign currency mortgages are
harder to obtain now than they were 10 years ago but many banks still
offer this facility in the UK. Anyone considering such a home loan
should take professional advice from a high value mortgage broker with
experience in this type of lending and ensure they fully understand the
risks before agreeing to such a loan.
Money Matters Leading Financial Services Company
Posted by admin on June 11, 2015
Money
Matters Financial Services Ltd. – One of the fastest growing Financial
Company in India, was established in 1997, by Mr. Rajesh Sharma. Money
Matters Financial Services Ltd. is a Non Banking Financial Services
Company (NBFC) and is categorized as a non-deposit taking systemically
important i.e. (ND-SI) NBFC as declared by Reserve Bank of India.
Money
Matters Financial Services Limited was started in Mumbai with the help
of Rajesh Sharma’s determination and gifted core values of excellence,
integrity, passion, knowledge and distinctiveness. Rajesh Sharma’s Money
Matters has grown up to a whooping net worth of
Rs. 750 Crore.
Money
Matters Financial Services Ltd. provides services in debt syndication,
debt placement and financial restructuring. They also provide other
services like investment banking and corporate finance advisory, private
equity funding and equity broking for high net worth individuals and
organization. Money Matters is involved with the projects like Real
Estate, Power, Telecom, Hospitality, Retail and Financial Services. With
the corporate giant like TATA Group, Birla Group, Reliance ADAG, Adani
Group, Jindal group, Future Group, Bharat Forge and DLF.
Money
Matters Financial Services Ltd. believes in building the long term
relation with clients by providing services at their doorsteps.
Money
Matters Financial Services Ltd. successfully completed QIP placements
in 2010 and raised Rs. 445 Crore to meet the funding requirement and
capital expenditure for proposed asset financing business to the house
products such as bridge Financing, Corporate Loan/ Project Financing
structured Product Funding, Pre- IPO Financing etc. to the corporate
industries. The house has corporate lending fund of total Rs. 330 crore
till Feb, 2012 which is a huge jump in terms of growth. By looking at
the above stats and milestones achieved we can say that Money Matters
have surpassed all the bars and grown. Credit for this goes to none
other than Rajesh Sharma and his fellow associates who dreamt of
building Money Matters as one of the most renowned financial firm in
India and now they are living their dream!
Rajesh Sharma,
Chairman and Managing Director, Money Matters Financial Services Ltd. is
a Chartered Accountant who brought Money Matters to such a height today
that now it’s competing with leading financial firms today.
Debt Relief Program
Posted by admin on June 8, 2015
People find themselves in a situation where it is not possible to make
their monthly payments. It can be a very stressful situation.
The situation is made even worse because their credit is affected to
the point where they can’t get loans from other providers. As they fall
behind on monthly payments, interest rates tend to go up and more and
more fees are charged.
These consumers are perfect candidates for adebt relief program.
If you have run into financial difficulties and find yourself unable to
repay your debts in full, a debt-service may be able to give you the
help you need. A best relief provides a debt repayment plan and
implements a strategy to save you money, sometimes consolidating debts
so they can be successfully paid off.
There are many different
types of debts so it is important to talk to a professional at Consumer
about what your various options are.
When you engage in a debt
program with a company such as ours, we help you negotiate with
creditors in order to make sure that you reach an agreement that works
for you.
This kind of help is vital when you have multiple debts
because it can organize things and allow you to concentrate on one
payment to settle your debts quickly and affordably.
Our debt-relief exists to give you the assistance you need with your
financial problems, including negotiating with creditors on your behalf,
credit counseling, analysis of your financial situation, and payment
support. When you contact us about our programs you are entitled to a
free consultation and quote.
What about a debt relief program?
Sometimes when a consumer is deep in credit cards, they tend to examine
their bills and payment statements and come to the conclusion that they
are in a hopeless situation. They start to feel like financial freedom
is an impossible dream. They are wrong, but the sooner they get help the
sooner they will be on their way to true debt relief.
While
credit card debt tends to slowly but surely consume a typical American’s
finances, debt relief is still achievable. We have helped many people
with their debt.
One of the processes for getting into a credit
card is to negotiate a settlement to combine your payments into one
affordable amount which is based on what you can afford. You choose a
payment plan that you can afford to pay comfortably. This can make more
of your cash available to you each month.
Professional Financial Services Good to Manage Your All Financial Related Matters
Posted by admin on May 28, 2015
In the business life and professional life someone may fall in the
financial problems. The problems may not be created by his end and may
be the part of the downfall and uplifting, there are lots of reasons to
fall in the financial problems. In one’s family, some person of income
may expire untimely, the business contracts and some other business
misfortunes may occur or some government job holders also may fall in
the critical situation in the life. So, there are lots of variations of
falling in the professional problems and to come back and stand again in
the same pace is not as easy as to think. In those situations,
professional financial services help their clients in every respect.
These professional financial services look in to the
issue of the clients fervently and take all the date for calculations to
take the right decision what to do and what not to do. In all the
situations, some persons may have the financial security in his personal
life and they do not know the fund can be beneficial for the time. They
collect the date that what is the drawback of the clients and what the
strength of him is. It is no matter that the clients are business magnet
or government employees. They suggest according to the situation of the
clients and the next positions that he or she has to do. Sometime, they
suggest the dependable way from which, the cash flow of them may come
to the client uninterruptedly.
These professional financial
services, always finds some source and try to make some cash flow that
will be permanent. The cash flow will be the kind that will be for the
injured times or for the time till his life’s end. For that purpose, you
will see, the professional services experts are suggesting to take long
term low interest loans so that the payment of loans will be easy and
at the same time, the client will be beneficial to cover the injured
time. If the situation of hard times goes over, the client will get
beneficial from the services end.
In
the verification time, these professional financial services do not
take any charge. After the start of the cash flow to the client, they
ask for the demand or fees that are contracted. These service experts
are not of the parts of any insurance company, they take all the data of
the clients and likewise they provide information that has to be done
in the current situations.
All You Need To Know About Debt Relief Orders
Posted by admin on May 26, 2015
All You Need To Know About Debt Relief Orders (DRO)
The financial climate within the UK continues to be a
perilous place and it is extremely common for people to find themselves
accruing higher levels of debt than they want and/or can manage.
However,
a Debt Relief Order is one of the ways in which those with significant
levels of debt can find a solution to keep the creditors at bay. Here we
take a look at the features of Debt Relief Orders, as well as the
benefits and risks associated with this type of debt reduction plan.
What is a Debt Relief Order?
Debt
Relief Orders were created in order to offer a binding and legally
recognised means for a small but specific group of debtors who cannot
obtain debt relief through other means.
A DRO is an order granted by an official receiver to help insolvent individuals address their debt after just one year.
Once
granted, the debtor is not required to make any other repayments toward
their debts during the time the order is in place and, if their
financial circumstances do not change during this period, their debts
will be written-off when the Debt Relief Order comes to an end after 12
months.
. Debt Management Plans are specific plans made depending
on an individual’s income and expenditure and are aimed to help them
repay and clear debts at a rate they can afford. The Debt Management
Plan will enable reduced monthly payments and could help against the
repossession of personal belongings. A Debt Relief Order is an order
people can apply for when they are unable to pay off their debts. DRO’s
are granted by the Insolvency Service and are a cheaper debt solution
than bankruptcy. Debt Relief Orders are aimed at people with debts less
than 15.000
Qualification for a Debt Relief Order
.Individuals can apply online through an approved intermediary if they meet the following criteria:
Money Matters Financial Services Ltd. – A Priceless Masterpiece
Posted by admin on May 25, 2015
A price less masterpiece, and timeless creation with an everlasting
essence of knowledge, excellence, distinctiveness, integrity and passion
– Money Matters Financial Services limited leading the top charts of
Indian Financial Sector.
An urge to value their customers much like their
business every day, an highly qualified team of financial experts with
an in depth knowledge of Indian financial markets, addressing the
comprehensive financial needs of clients dedicatedly and best cost
efficient manner makes MMFSL stand apart being a market leader.
Today
NBFC is a hub of all finance related solution. Initially the company
gave business advice in debt and syndication; trade in debt securities
further widened its business base by catering to premium corporate
houses, intuitions with finance related advisory services like
Investment Banking, Corporate Finance , Private Equity Funding and
Equity Broking.
The firm helps various domestic and secondary
business sectors (Retail, Industrial and Telecom etc) to capitalize
market opportunities, strengthen their market position and boost up
their funds by providing best suited solution. The prime focus to offer
its each customer a delighting experience has enable the organization to
build its goodwill and succeed in the Indian financial markets.
MMFSL
is both NSE & BSE listed. The stakes of the company are good for
domestic plays with major ownership consisting of Promoters, FII
signifying greater confidence in the company and other hand public
holders forming nearly 40% of company’s holding.
The valuation of
company has been higher with a price to book value being 0.37 and
dividend yield of 1.49%. The company has grown aggressively past three
years registering a growth of 297.31%.
The
company’s business model is of great strength indicating higher returns
on capital employed 22.59%, return on equity 16.17% and 34.09 debt
turnover ratio.
In addition MMFSL extremely good to invest
especially for the risk averse as the firms solvency and margins enjoys
good position with low debt to equity 0.06 and high interest coverage
ratio of 158.43.
Further the company’s income sales being valued
at Rs 490 crore, Net profit 87 crore, the financial statements stand
neutral and book value per share is Rs 226.80. Innovation being a forte
the new practices like share splits have proven beneficial giving the
firm high returns of nearly 200%.
Recently on 30th March 2012
MMSFL has approved allotment of 8401 equity shares of Rs 10 each at a
premium of Rs 67.54 to the applicants who had applied for conversion of
their warrants under the 3rd warrant conversion period.
The success journey of MMSFL continues- Currently it endorsed with four new big corporate thus maintaining its victory.
Diploma in Financial Services And Mortgage
Posted by admin on September 15, 2014
Diploma in Banking and Insurance programmed is designed to
meet the increasing demand for Financial Services and Insurance Sector.
In today’s environment there are lots of financial services
organizations where a person can think of making their career. The added
advantage of this course is that it covers Insurance sector as well as
these 2 are inter connected and helps the students having more
options.Diploma offered by the Business Administration and Commerce
Department.The financing industry encompasses a wide range of sectors
including banking, insurance, investment brokerages, financial planning,
wealth management, and mutual funds; however, from banks to brokerages,
different employers generally focus on the same entry level core
competencies, knowledge, and attributes. As such, the Diploma Financial
Services is designed to equip students with the specialized skills and
knowledge to meet the demands of entry and intermediate level positions
within the industry. It has been designed to prepare students with a
broad business background and a solid foundation in financial services
for a wide range of career opportunities within the industry. Careers in
the financial services industry include Investment Ad visor, Personal
Financial Service Representative, Account Manager, Loans Officer;
Mortgage Specialist, Compliance Officer, and Branch Manager to name just
a few career directions.This course covers areas of complex lending
such as lending to trusts and entities, self-employed individuals,
equipment & asset finance and commercial finance. In addition,
you’ll develop a greater understanding of your own business from a
financial and risk management perspective covering skills such as
developing, marketing and managing your business.Diploma of Financial
Services Financial Planning . To start with you need to make a
recognized entry-level training courses that will give you the skills
and knowledge to become a financial planner. Diploma of Financial
Services Financial Planning is available.
Mortgage broker training courses must be delivered by a registered
training organization (RTO) and students may be able to select different
modes of study depending on the organization they choose. For example
some training providers will provide intensive face to face workshops
over a number of days, distance education may also be offered and also
online instruction can be provided. These flexible study options make it
very easy to complete mortgage broker training at a time or place that
suits.Mortgage broking has only really been a popular business for the
last 10 years. Many would say it is a profession that is still in its
infancy despite the many changes that have occurred especially over the
last few years. In the early days, it was almost impossible to find a
mortgage broker course which could teach you even the basics. In the
past, most brokers simply learned through experience and information
provided to them by lenders such as banks and other sources of
finance…http://www.skillsolutions.com.au