Category: Uncategorized
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When is a Statement of Advice Required?
A Statement of Advice (SoA) is a document that must be provided to clients whenever they are offered personal advice about their financial situation. It details the advice given, and provides information about any fees charged for the service. A SoA must be prepared by a licensed financial advisor to ensure that it meets legal…
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What is Financial Modelling
Financial modelling is the process of creating a numerical representation of a financial situation. It involves the collection of data, the development of assumptions, and the application of theories to develop a holistic understanding and prediction of future performance. Models are used by businesses to inform their decision-making processes. This means that they can assess…
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Simple but Effective Financial Strategies
Simple but effective strategies for improving your financial situation are key to long-term success. One of the best strategies is budgeting. Budgeting helps you track income and expenses, identify areas where you can cut costs, prioritize needs and wants, and reach financial goals. Creating a budget requires you to keep track of everything that comes…
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What is a Paraplanner?
A paraplanner generally works within a team of financial advisors and other professionals, providing support to help these advisors deliver the best possible advice to their clients. They are knowledgeable on the technical aspects of financial planning and have an excellent understanding of regulations, laws and products in the industry. They also often take on…
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What Does a Paraplanner Do?
Business Paraplanning is a valuable tool for financial advisors in helping them to assist their clients in planning and achieving their financial goals. It empowers the advisor to create tailored solutions that are specific to the needs of each individual client, taking into consideration factors such as risk tolerance, time horizon and cash flow requirements.…
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Outsourcing Finance Services for Businesses
Outsourcing finance services allows businesses to benefit from expert financial advice and assistance without having to employ a full-time in-house team. By bringing in a third party, businesses can take advantage of their knowledge and experience with accounting, bookkeeping, taxation and other financial processes. Using an outsourcing provider for your business’s finances means you can…
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What is Financial Modeling?
Financial Modeling is an essential tool for any savvy investor or financial analyst. It allows you to understand the dynamics at play in a given market and make informed decisions based on evidence and data. In essence, it enables you to forecast future performance and create strategies that maximize returns while minimizing risks. It involves…
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What is the Importance of Business Planning?
Financial modelling is an important tool for businesses when planning for their future. It allows businesses to predict how different financial decisions will impact their bottom line. This information is essential for making informed decisions about where to allocate resources and how to grow the business. Without financial modelling, businesses would be flying blind when…
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What Is Paraplanning?
Paraplanning is the process of researching, analysing, and preparing financial plans for customers. This involves gathering information on a client’s income, investments, debts, insurance coverage needs, and other financial goals. A good paraplanner will have strong research skills and may use online tools such as software programs or websites to analyse data. They will also…
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