Certified Financial Advisors in Melbourne

Jan 18 2024 Published by admin under Uncategorized

There are many different types of Certified Financial Advisors, including those that work solely in or for Washington D.C. and others that work throughout the entire United States. In Washington D.C., there is a limit on the amount of hours a consultant can work. If you are looking for a Certified Financial Advisor in Melbourne, you will need to search for a Broker as well.

Many Certified Financial Advisors is self-employed, so it’s important to know the difference between working for your advisor and your planner. Typically, Certified Financial Advisors makes their money either by charging a flat fee or a percentage of assets under management. If they are working as an independent contractor for a company, they are not allowed to charge an hourly rate. However, these financial planning professionals can not be considered the most unbiased resource for advice when they benefit from steering you towards specific products from a certain firm.

When choosing a Certified Financial Advisor in Melbourne, you want to consider the experience and education of the individual. How long has the Certified Financial Advisor been in the field of finance? How many different companies does he or she work with? It is extremely important that you find a financial advisor with a strong track record, solid education and who holds the proper licensing to serve your needs. You can search online for information about the education and continuing education required for financial advisors in your area.

Another question to ask when searching for certified financial advisors in your area is what type of services can they provide to ensure your financial situation is taken care of? Many financial planners offer financial situation services such as investment advice and estate planning. Ask about whether they can work with your insurance or retirement planning needs or if they have any special ties to other companies.

There are several regulatory groups in the United States which require Certified Financial Advisors to obtain an annual certification. The CFPA or Certified Financial Planning Association offers this certification, along with the CFP or Certified Financial Planner Board. If the financial planner passes an examination created by either the CFPA or the CFPB, they will be considered to be a CFP or certified financial planner.

As with all business relationships, it is important to choose your advisors wisely. When seeking out financial planners, ask them about continuing education requirements, their professional background and what type of licensing or certifications they hold. By doing your research ahead of time, you can make the most informed decision for your financial needs.

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Canadian Super Visa Insurance

Jan 18 2024 Published by admin under Uncategorized

A super visa allows a parent or grandparent of a Canadian citizen or permanent resident to stay in Canada for more than 6 months at a time. It allows them to stay for up to two years at a time and is valid for 10 years.

A requirements of being approved for a super visa is medical insurance in place from a Canadian insurance company with coverage for at least one year. This is what super visa insurance is.

The insurance must meet these requirements:

From a Canadian insurance company.
Valid for at least 1 year.
Coverage must be at least $100,000
The cost of the insurance can be high. A person in their mid-forties with no pre-existing medical conditions should expect to pay between $800 and $1,800 for super visa insurance. You can get more information on what to expect from the cost for super visa insurance in this guide.

The best way of finding super visa insurance is through a price comparison website – but remember it needs to be from a Canadian insurer.

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More Risk, More Return: Is it true in Stock Market?

Jan 18 2024 Published by admin under Uncategorized

The essence of successful investing lies in the way an individual manages the risk. Gambling is just a synonym for speculation and when use guessing as pillar of your investment strategy you are bound to lose, incessantly. Making an informed choice based on the measurement of an investment option’s systematic and unsystematic risk is cardinal while investing in stock markets. But before we jump into the discussion of the correlation between risk and return, I feel that understanding the concept of risk in financial terms is fundamental and a topic of paramount importance.

What is risk?

Risk in financial terms is the difference between the investment’s actual return and the expected return by an investor. Risk portrays the probability and the magnitude of loss which comes hand in hand with the chosen investment product and the investment horizon of an investment. In the world of finance, risk is calculated by using standard deviation as a metric which measures the volatility or fluctuation in the price of an asset when it is compared to its historical averages in the given time frame for assessment.

Types of Risk?

There are certain situations in this world which you cannot avoid but there are other situations in which the risk associated with them can be mitigated by excersing the prescribed methodologies and measures. Here is the graphical representation of the two major types of investment risks along with their sub divisions.

Well, well, well!!!!! we will not be getting into the detailed explanation of each and every type of risk for the reason that it would derail us from the agenda of this article but we will definitely discuss the blanket types of risk which is systematic and unsystematic risk.

What is systematic risk?

Systematic risk refers to the undiversifiable/ market risk which has the potential to disrupt the entire global markets. It is a highly unpredictable and unavoidable kind of risk to a humongous extent. Systematic risk includes interest rate changes, inflation, recessions, and wars, among other major economic, geo-political and financial shifts in the world like ‘The Great Recession, 2008’.

What is unsystematic risk?

Unsystematic risk refers to a diversifiable type of investment risk which can be minimized and hopefully mitigated by proper asset selection and allocation in accordance with the prevailing sentiments in the target market. Unsystematic risk includes risks such as entry of a new market participant in a specific industry, launch of a substitute at a marginal shifting cost by a competitor or recall of a sold product from a customer due to safety or other major concerns and then providing them with compensation as done by Samsung after the launch of its smartphone labelled as “Galaxy S7” in 2016.

But Before that you must have a demat account. Do you think opening Online demat account is a herculean task? No, definitely not. Yes, they are complex, but our step by step guides make them easy like anything. Go on and choose a broker.

What are the financial ratios that can used to measure the risk-return trade-offs?

As you already discussed, standard deviation is used to calculate magnitude of risk associated with an investment product but it has some shortcomings like it only shows how annual returns of an investment is spread out which does not validates the consistency in performance in the future. We have two other ratios which can help you understand the risk associated with the investment option that you have chosen.

Sortino – It is a financial ratio which gives a realistic idea of the downside or the negative deviation associated with a company’s stock. It helps you to measure the amount of return that you will be able to generate on a per unit basis for the given magnitude of downside risk which can also be referred as a chance of avoiding large losses. A higher sortino ratio is always desirable.
Sharpe – It is a financial ratio which considers both upside and downside volatility and then arrives at a conclusion of a stock’s performance. Sharpe ratios is a statistical tool which predicts risk adjusted return on an investment. Higher sharpe ratio translates into higher return potential along with higher risk.
Mid-cap stocks have performed ravishingly throughout these years with a considerable amount of risk associated with them. There are various conclusions that can be drawn out from these graphs and tabular data but the one of utmost importance is that high risk gives no guarantee or validation of high returns. Look at standard deviation of small cap stocks, they are the highest in the pack but the return from US Mid-cap stocks and US large-cap stocks is the highest when risk is taken into the consideration.

Why aren’t the gamblers the richest?

There is a vanilla answer to this, ‘THEY ARE JUST SPECULATING’. Gamblers are the hardcore speculators. If you are into stock markets and you are making decisions based on mere assumptions, grapevines, pseudo talks and emotions then there is no power in this world which has the potential to protect from heavy, big, gigantic losses in the future.


Stock market is a blend of speculative risk (risk of potential gain or loss) and pure risk (the possibility of loss or no loss only). To magnify your returns, you need have a blend of risk averse and risk prone investment products in your portfolio. There is no such financial instrument which falls under the category of absolutely risk-free-investment in the world of stocks, even the treasury securities which are government backed carries a low magnitude risk of default.

As an add on from our side, here is the thorough segregation of financial instruments based on the level of risk associated with them.

Having a balanced portfolio is all you need for generating a decent amount of return with minimal risk. Risk profiling is another vital part of risk management and is a cardinal step in maximising returns for a portfolio. An individual needs to select his/her goals and the time in which they want to achieve them. Based on that we can select the asset class which has the potential to exude desired returns while keeping our risk appetite into consideration. For example, a young person can have aggressively invest in stocks and can even have a major part of their portfolio invested in financial instruments which portray the high risk-reward trade-off but a person who is about to retire must not construct their portfolio with small-cap or mid-cap stocks or with any other financial instrument which requires a long time horizon to appreciate in value and carries a risk of wiping out your investment corpus. Taking informed decisions which can further be translated into taking calculated risk is the heart of any investment strategy. Risk forms a negative correlation with return when you make an investment based on your emotions and not the basis of facts and figures which is available to you.

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Construction Claims Consultants Help Minimize Risks

Jul 06 2023 Published by admin under Uncategorized

Claims from contractors and other individuals involved in large construction projects with your company can be managed successfully by construction claims consultants. Through construction project monitoring before and during construction, a consulting firm works with both the client and the contractors to ensure all legalities are met. This helps reduce the number of disputes filed against your company, and ensures debt recovery assistance in the event that a contractor or engineering company files a claim. By working internationally, construction consulting firms can give presentations, negotiate, and assist in arbitration with companies all over the world.

Hiring Help for Construction Project Management

Construction projects which are poorly managed can lead to a variety of future problems. Poor management can consist of improper fund allocation for projects, poorly scheduled timing for a specific project, or miscommunication with international clients that lead to disagreements and misunderstandings. Construction claims consultants can help prevent problems due to mismanaged projects by creating reports and documentation that monitor the ongoing results of a project.

Keeping the number of construction claims down is important to every engineering firm and contracting business. Having contracts that cover every needed detail is the key to successful transactions. You should choose a consulting firm which offers contract services performed by an experienced contract specialist. The consulting service should be able to negotiate contracts, re-negotiate contracts, draft the proper documents, and provide consistent advice on proper contract terms.

Construction Debt Recovery and Claims Defence

Debt recovery is a large problem in the construction industry. With many UK construction firms utilising the concept of retention when dealing with finances, contractors and subcontractors may complete a large part of the work without being paid beforehand. While there will be a contractual agreement about retention monies and when it’s released by the hiring firm, many construction workers find themselves needing legal assistance to obtain the retention monies in a timely manner. A construction consulting firm can help your company obtain retention money without the need for a lengthy court hearing.

The most profitable way to do business in the construction industry is to avoid having to file or receive claims. However, the extent to which accidents occur and projects run over schedule, claims seem inevitable in the construction industry.

It’s important that you choose construction consultants who have the experience and knowledge to not only prepare and file claims on your behalf, but to provide a proper defence on claims received against your company. Depending on the dollar amount of the claim, consultants can work directly with developers and contractors to negotiate and help arbitrate claims, or work with insurance adjustors to help manage million or billion dollar construction claims. Trusting construction claims consultants with project management and debt recovery means your company can focus on developing and building without getting sidetracked by legal matters.

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Management Consulting – New Horizons

Jul 06 2023 Published by admin under Uncategorized

Consultancy is all about using the knowledge, expertise and experience to guide others to achieve their goals. Management consulting is about guiding the management of an organization on the current and future problems and opportunities related to its structural and functional aspects. From the routine processes to strategic decisions, consultancy has wide area of operations.

Some Of The Key Functional Areas That It Deals With Are:

a) Managing The Change: Business environments are dynamic, based on a number of internal and external factors. Any change in these environments affects the business requiring corrections at lower, middle and/or top level. Managing the change is about its quick anticipation and developing the capabilities of organization to accept the change. It prevents the losses and the element of risk that the change may bring.

b) Business Transformation Outsourcing (BTO): Professional organizations know what their core competencies are. With increasing wave of globalization, many corporations felt the need to focus only on their core competencies and outsource their other activities. Thereby, they reduced the costs and became more competitive. Consulting identifies what shall be outsourced, to which location and how can this be beneficial for organization.

c) Human Resource: It encompasses the domain of usual activities like recruitment, staffing, compensation and benefits, health and safety, social welfare, labor relations, compliance with the labor laws of the land, etc and also concerning the growth and development of the employees.

d) Executive Coaching: It is important for the executives at all levels to be educated and trained in new processes, technologies and knowledge areas to improve their efficiency and effectiveness. The consultancy can help in designing the suitable on-going and need-based ad-hoc programs for each level.

e) Customer Relationship (CRM): CRM is not just about having an executive at the phone to answer the queries. In reality, there is a need to integrate the marketing plans, sales efforts, manufacturing and/or services with the consumer feedback and queries. Apart from this, the customer needs to have the facility of communicating via multiple media and receiving appropriate solutions as soon as possible. Further, the consulting companies can also outline the suitable PR exercises for different types of customers.

f) Advertising: There are many media of advertising. The online media refers to the internet-based advertising. It is done by way of pay per click (PPC), Search engine Optimization (SEO), Email advertisements, etc. There are also offline channels like TV, Radio, Newspapers, Billboards, etc. Not surprisingly, therefore, an organization may not know which channels to use and when to use these for advertising. Management consulting develops effective advertisement plans in accordance with the short and long term objectives of the organization and guides it on the timings to launch these. It can also develop measures to evaluate the efficacy of these programs.

g) Finance: It is a step ahead of usual accountancy. Consultancy in this field is about interpretation of financial statements, how to raise the debt or equity from appropriate mediums, planning of the investments and covering the losses that may happen due to fluctuations in exchange rates, interest rates, etc.

Management consulting is a magic wand to make a substantial turnaround in an organization.

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How Anyone Can Be an Offline Business Consulting Specialist

Jul 06 2023 Published by admin under Uncategorized

The Internet is increasingly being used not only for conducting online business but for marketing and advertising offline establishments and professional services as well.

As the Internet has become an important aspect of almost everyone’s life, it is a powerful medium for attracting potential clients and promoting business to a wide audience.

Offline business owners recognize this and are turning to experts in online marketing to take care of their needs, creating a huge demand for offline business consulting specialists.

Being an expert Internet marketer will be an advantage for offline business consultants but almost anyone with a drive to learn and some business skills can engage in offline business consulting as well.

Getting started

There are many aspects of online marketing that you can learn from an expert, mentor, coach and even on your own through a home study course. The key is to have access to a fast system that teaches everything you need to learn about a service you would like to provide such as:

* Website building
* SEO or traffic generation
* Lead conversion
* Content writing and management

You need not be an expert in all these services to be able to land your first few clients. You can choose one service and put all your efforts into developing the skills for it and eventually become a specialist. As you gain more experience and techniques to add to your portfolio, you can then provide a full-service offline business consulting package to your clients. Or simply outsource these tasks to another professional and take a finders fee for your efforts.

What you will need

You will be your best asset in this business. All you need to start is a computer, an internet connection, and a list of prospective clients.

Cold calls to people on your contact list are a great way to start because you may never know who among your friends and colleagues need your services unless you let them know what you can do for them. You can also ask for referrals to expand your contacts database and pinpoint your target market to improve your success rate. Many consultants find this alone is enough to keep them busy for months on end.

Importance of discipline

While you may enjoy freedom, independence and mobility by being an offline business consulting specialist, you should still practice traditional business habits like maintaining a daily schedule, time management, skills development, and record keeping.

Developing your own system for doing regular tasks like billing, sending updates, responding to clients, sending sales letters, and monitoring projects will present advantages of having more free time, generating new clients, better performance and client satisfaction.

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Role and Importance of Outsourcing Consultants

Jul 06 2023 Published by admin under Uncategorized

Outsourcing consultants plays a vital role when companies plan to outsource complicated large projects or when offshore outsourcing is considered. The need of an expert is felt because companies either lack the expertise or skills necessary to overlook project implementation, or may want to draw upon the experience of independent and unbiased people. Depending on the nature and complexity of the project, the consultant can play the roles of a facilitator, contributor, trouble shooter, negotiator, or that of an impartial watch dog.

Outsourcing consultants normally have considerable experience of project management in their respective fields, such as human resources, information technology, finance and accounting, real estate facilities management, logistics, manufacturing, etc. Some may have experience from several fields. However, it is their connectivity with the prospective vendors coupled with negotiation and project management skills that substantially add to their value.

Selection of a good consultant is the vital first step. An ideal consultant would be the one who is capable of doing the intended project himself, because he has done similar projects before. So, he is an expert in that field. This individual can help the company define the project clearly and advise on the gains arising out of outsourcing. THey will also work out details of the manner of implementation and quality checks of deliverables.

On the other end of the table, these individuals will ensure that the vendor has necessary technical capability and infrastructure to complete the project and to ensure after sales service. In addition they will help negotiate the deal to the satisfaction of both the parties. Skillful outsourcing consultants look for ways to negotiate rather “user friendly” terms of contract that provide scope for change and adjustments as the project goes along. This creates a more collaborative and accommodative relationship between the company and the vendor. It also facilitates incorporation of novel and better ideas whenever they spring up from any side.

The role of the outsourcing consultants becomes all the more crucial for offshore outsourcing when the vendors belong to a totally different work culture. Their major task becomes ensuring effective communication between two culturally dissimilar entities – which is more like a cultural translator, more so in the beginning. For the outsourcing company, they becomes the vital multipurpose trouble shooter. This adds to the burden of the consultant – assuring both quality and timely delivery becomes their sole responsibility. Being aware of the expertise as well as limitations of the local vendors, they have to not only ensure quality of deliverables but also help resolve newer issues along the way.

Outsourcing consultants are valuable for other reasons too. In addition to introducing you with the quality vendors, they can keep you out of “the danger zone”, particularly if you haven’t outsourced before; they can help you select the right projects or processes for outsourcing so that you get maximum benefits. You and your organization gain a fresh way to look at management of outsourced projects from experts. In the fast changing world of business outsourcing, the importance of consultants is going to stay; only their role will get bigger.

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Who Are the Ethicists and When Are Ethical Consultations Appropriate?

Jul 06 2023 Published by admin under Uncategorized

It appears that in the real world as opposed to the insular world of academia, those on the ethics firing line are the ones doing the real work of medicine – i.e., the physicians and nurses. Bioethics is best done by those who encounter these real-life issues on a regular basis, out in the world. Academics can talk and write at length and at their leisure, but there is no substitute for actual experience.

Of course, a well-rounded ethics consultation team could include an attorney familiar with ethical principles and conflicts, as well as community leaders. A philosopher might be valuable is she has experience with real people. And a theologian would be valuable is she is a skilled communicator, and likewise familiar with ethical principles and conflicts.

An ethics consultation can be called-in by a hospital or health care facility administrator, physicians and nurses in charge of the patient, the patient, and any of the patient’s immediate family. The patient’s attorney, also, could call-in an ethics consult.

However, it’s not appropriate or even safe to pull the Emergency Cord on a speeding train when you discover you left your car keys at home. It’s important for an ethics consultation request to be based on substantive issues or needs, but some individuals might request a consult merely because they’re angry or frustrated. In such circumstances a skilled ethics consultant could calm things down quickly and get everyone back to the business of caring for the patient.

Concerns regarding autonomy and respect for persons represent appropriate criteria for an ethics consult. When a competent elderly person refuses artificial nutrition, in opposition to physicians’ orders, questions of autonomy are raised. A parent requesting removal of life support from a nonresponsive child – after a brief period of therapy – likewise raises questions of autonomy, as well as other ethical issues.

Additional criteria relate to questions of beneficence/nonmaleficence. A 65-year-old diabetic female refuses an above-the-knee amputation, raising questions of both autonomy and beneficence. The wife of a comatose motorcycle accident victim wants his respirator turned off. He has a C2/C3 fracture and is quadriplegic. She “knows he would not want to live like this” – these are questions of autonomy and beneficence.

Distributive justice is another key area of ethical concern. Who gets to receive and/or utilize scarce medical resources? A serious highway accident results in 20 victims, five of whom have lost a lot of blood by the time the EMTs arrive. Two of the injured require two units each of AB negative blood. The med tech team only has two units on board. An ethics consult team might be called-in after the fact to review the EMTs decision-making and protocols.

Ethics consultations may be called-in merely for low-level conflict resolution – i.e., two sides butting heads. It seems such conflicts could be resolved quickly without wasting precious resources.

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How to Position Yourself As an MLM Consultant in 4 Easy Steps

Jun 14 2023 Published by admin under Uncategorized

So you have decided to jump on the internet MLM business bandwagon and become an MLM consultant. What next? It is imperative to think about it well and then come to a decision.

Let me guide you out through the maze of heavy terms like MLM leadership, MLM sponsoring and MLM prospecting so that you don’t end up confused. Just follow these four easy steps and position yourself as a victorious MLM consultant.

Step 1 : Select the network marketing opportunity wisely

Before you decide to sign up for any MLM training course conduct a research on the program in detail. You can read other consultants reviews and experiences for a second opinion. Be informed about the MLM consultant commission percentage to avoid disappointment later. It is advisable to sign up with some program that offers a free sales letter that is professionally created. This will save a lot of time and money.

Step 2 : Promote your business

Now that you have joined as MLM consultant, it is a good idea to go for an auto-responder system. You can browse and find the perfect fit for you on the internet. Auto-responders are greatly helpful for generating MLM leads. You can find out the details of all the present and prospective customers using the same. These email addresses can be used to send promotional material and updates about your product. Remember to follow the laws and avoid spamming.

Step 3 : Maintain your track record

A good MLM consultant is he who has a proper record of all his customers and product sales. It helps a lot when you trace the source of your traffic and sales. Moreover, if you can determine which areas of promotion affected sales the most in a positive or negative way, you can decide whether to follow the same strategies or change them. MLM training workshops will not teach you how to do this. Look around online for good software packages available that will ease your job.

Step 4 : Do some social networking

When you are an amateur MLM consultant, social networking with other consultants is helpful. You can try and grasp as much information as possible from them. They are the best source to learn practical tips.

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Marketing Consultants – 5 Things to Look Out

Jun 13 2023 Published by admin under Uncategorized

What if you discovered the exact qualities that a marketing consultant should have that will have a positive impact on your Internet business? Do you want to know what it takes to make a huge income online hiring help from a marketing coach? The purpose of this article is to get you started making easy money online setting up a highly profitable Internet business.

Here are 5 simple steps to get you started.

Step 1 – Should have a high powered personality.

Step 2 – Must have very powerful communication skills.

Step 3 – Should be motivated and energetic.

Step 4 – Should be available when the clients are in need to solve specific problems.

Step 5 – It is important that your marketing consultant is approachable through teleseminars, webinars, chat, etc on monthly basis.

The purpose of this article is to show you exactly what it takes to make huge income step by step starting today. Here are step by step details that you can apply quickly and easily.

Step 1 – Should have a high powered personality.

Personality of marketing coach shines in the success of his clients. The expertise and credibility that a marketing coach has helps him to achieve massive success in his coaching niche. Your marketing consultant should have very good communication skills because he will be communicating with his clients on a regular basis.

Step 2 – Must have very powerful communication skills.

It is extremely important that a marketing coach has very powerful communication skills. This is because the coach will communicate with his clients on regular basis through telephone, webinars as well as other mediums. Your consultant should be highly motivated and energetic because this will have positive impact on his clients.

Step 3 – Should be motivated and energetic.

He should be extremely motivated and energetic because this will have a positive impact on his clients. The client will see his energy and they will get inspired and motivated to achieve the same results the coach has achieved. Marketing consultant should be easily available whenever the clients are in need.

Step 4 – Should be available when the clients are in need to solve specific problems.

The clients are purchasing consultation is because they want one-on-one support from an expert in their niche. Therefore it is highly important that the coach is available whenever the client is in need to help them solve their problems. Here are some coaching sessions that you have to take advantage of if you’re planning to hire a marketing consultant.

Step 5 – It is important that your marketing consultant is approachable through teleseminars, webinars, chat, etc on monthly basis.

There are many coaching modules that consultants can provide to boost the ultimate coaching experience. Some of them includes setting up highly targeted coaching sessions through teleseminars, webinars, chat session, etc. With such kind of coaching sessions it becomes easy for the coach to provide training and content on regular basis to the members and provide them solutions to their problems. Make sure you get started today with a coach who can help you out in your niche.

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