With compulsory registration of all trusts it is time to consider reviewing all provider trusts. If you are not sure please view this presentation and contact me for a consultation.
The term sheet is the most important document to negotiate with your investors.
However, the excitement that comes from the arrival of the term sheet often serves as a distraction from the finer details — details that can cost you dearly in the future.
For more on these terms, read more on our blog: https://timiacapital.com/blog/14-vc-terms-that-can-ruin-your-startup/
Here, then, are six reasons why BDCs are thriving and will continue to grow as a source of capital for smaller, middle-market companies and why CEOs should understand how valuable they are as a source of financing.
6 mistakes hurting your personal credit (and your business)Ajay Singh
Credit scores are two words that can bring terror into the hearts of even the most courageous and strong entrepreneurs for a valid reason. A credit score is definitely one of the most important factors for opening and closing financial doors throughout a lifetime. Clear your doubts about how to check your credit score by visiting the Clix Capital website. When you enter all the information and details, you will find an option that says, Check my credit score, and on clicking it, you will get your free credit score within a few seconds.
https://www.clix.capital/check-credit-score/
This is what burglars don’t want you to know 14 home safety tipsAjay Singh
A home is a huge investment, and it includes a huge amount of value. Property crime has been declining steadily over the past 30 years. A home is the most expensive asset or security for everyone. After repaying a home loan or a house repair loan, it is now time to take care of your home and enjoy it. There have been a huge number of crimes associated with homes. Do not let any burglar waste your investment or cause damage to your hard-earned investment.
https://www.clix.capital/home-loan/
It sounds amazing to get an instant business loan. An instant business loan is always the best way to meet all your needs. It starts with an instant fund that you can use for varied expenses but related to business. It is an important one to attain working capital or sponsor your business for expansion or in any other field as necessary. The best way is getting an instant business loan from Clix Capital. Here are the entire details for your query- how to get a business loan.
https://www.clix.capital/business-loan/
An ideal home loan looks like the one that has the lowest cost and charges. The market has a wide range of options and you need to choose the best one out of all. There are existing banks and non-banking financial institutions that can offer you a home loan at various rates and charges. A home loan is a long-term loan with various rates, charges, and fees. If you need a fast home loan, you will get the best experience with Clix Capital. A home loan from Clix Capital is digitally enabled and you can borrow from the comfort of your home.
https://www.clix.capital/home-loan/
The term sheet is the most important document to negotiate with your investors.
However, the excitement that comes from the arrival of the term sheet often serves as a distraction from the finer details — details that can cost you dearly in the future.
For more on these terms, read more on our blog: https://timiacapital.com/blog/14-vc-terms-that-can-ruin-your-startup/
Here, then, are six reasons why BDCs are thriving and will continue to grow as a source of capital for smaller, middle-market companies and why CEOs should understand how valuable they are as a source of financing.
6 mistakes hurting your personal credit (and your business)Ajay Singh
Credit scores are two words that can bring terror into the hearts of even the most courageous and strong entrepreneurs for a valid reason. A credit score is definitely one of the most important factors for opening and closing financial doors throughout a lifetime. Clear your doubts about how to check your credit score by visiting the Clix Capital website. When you enter all the information and details, you will find an option that says, Check my credit score, and on clicking it, you will get your free credit score within a few seconds.
https://www.clix.capital/check-credit-score/
This is what burglars don’t want you to know 14 home safety tipsAjay Singh
A home is a huge investment, and it includes a huge amount of value. Property crime has been declining steadily over the past 30 years. A home is the most expensive asset or security for everyone. After repaying a home loan or a house repair loan, it is now time to take care of your home and enjoy it. There have been a huge number of crimes associated with homes. Do not let any burglar waste your investment or cause damage to your hard-earned investment.
https://www.clix.capital/home-loan/
It sounds amazing to get an instant business loan. An instant business loan is always the best way to meet all your needs. It starts with an instant fund that you can use for varied expenses but related to business. It is an important one to attain working capital or sponsor your business for expansion or in any other field as necessary. The best way is getting an instant business loan from Clix Capital. Here are the entire details for your query- how to get a business loan.
https://www.clix.capital/business-loan/
An ideal home loan looks like the one that has the lowest cost and charges. The market has a wide range of options and you need to choose the best one out of all. There are existing banks and non-banking financial institutions that can offer you a home loan at various rates and charges. A home loan is a long-term loan with various rates, charges, and fees. If you need a fast home loan, you will get the best experience with Clix Capital. A home loan from Clix Capital is digitally enabled and you can borrow from the comfort of your home.
https://www.clix.capital/home-loan/
Raise your credit score with these 6 tipsAjay Singh
Your credit score is one of the most important measures of your financial health. It tells loan providers at a glance how responsibly you use credit. The better your score, the easier you will find it to be approved for new loans or lines of credit. Visit Clix Capital to check your online credit score for absolutely free. When you keep track of your credit score and credit report, you will be able to update it from time to time. For any errors or mistakes, make sure you take immediate steps.
https://www.clix.capital/check-credit-score/
There are many sources of financing available to a business owner. David Lerner Associates offers this list of loan sources - it should provide some ideas.
Graydon's Tips on how to improve your business credit rating. By following a few simple tips, you can improve your business credit report, give more confidence to your suppliers, achieve better credit terms, trade more and achieve better business image.
Cornerstone Wealth Management's July 2017 "Investment Insights" newsletter, focusing on the Dept. of Labor's Fiduciary Rule, which should reduce conflicts of interest and protect the interests of all investors.
Managing distressed private equity and credit investmentsSteven Rosenblum
Many family offices, pensions, endowments and other investors that have historically allocated capital to private equity and credit funds (“Investors”) are increasingly investing in transactions directly. To achieve similar returns, Investors must replicate the capabilities of institutional asset managers in sourcing opportunities, structuring transactions and investment oversight. When unexpected problems occur post-investment, Investors often lack the resources and internal expertise to optimally manage the position, especially in distressed situations. These include risk management practices to help prevent investments from becoming distressed, activist expertise to manage distressed situations and strategies to recover investments after they have become impaired. This article discusses best practices in each of these areas that help Investors maximize the value of problematic investments.
Compensation Drives (Bad) Behavior- The Fiduciary RuleIan Bond
The Fiduciary Rule: While the clear majority of financial advisers are honest and moral individuals, it appears we are set to protect those who are not. The fiduciary rule was set to establish standards that put a client’s retirement interests above those advising them. Keeping the status quo supports a mantle of credibility where none is deserved.
The Fiduciary Rule can help restore Americans’ retirement dreams for prudent future generations, but they still won’t have pensions guaranteeing retirement income. This is a massive first step in the right direction.
Sign up here for information on The No Nest Egg Retirement Plan http://www.myretirementrehab.me/earlybird/
Personal Loan is an unsecured credit provided by financial institutions based on criteria like employment history, repayment capacity, income level, profession and credit history. Personal Loan, which is also known as a consumer loan is a multi-purpose loan, which you can use to meet any of your immediate needs.
Fund Raising, an art, not mastered by all the founders. About 90% of the startup fails to convert their business plan into investor consent. What are the steps followed by remaining 10% who succeed in closing the deal? What are the “Does & Don’t’” to be followed by a Startup- to raise fund from investors? What are the measures/precautions to be followed by startup to be picked by investors? Many a times, investor may agree preliminary, however, at a later stage they refused to move ahead, even the additional concessions offered do not motivate the investors. There are several questions which a founder had to face but failed to knock the right opportunity.
Raise your credit score with these 6 tipsAjay Singh
Your credit score is one of the most important measures of your financial health. It tells loan providers at a glance how responsibly you use credit. The better your score, the easier you will find it to be approved for new loans or lines of credit. Visit Clix Capital to check your online credit score for absolutely free. When you keep track of your credit score and credit report, you will be able to update it from time to time. For any errors or mistakes, make sure you take immediate steps.
https://www.clix.capital/check-credit-score/
There are many sources of financing available to a business owner. David Lerner Associates offers this list of loan sources - it should provide some ideas.
Graydon's Tips on how to improve your business credit rating. By following a few simple tips, you can improve your business credit report, give more confidence to your suppliers, achieve better credit terms, trade more and achieve better business image.
Cornerstone Wealth Management's July 2017 "Investment Insights" newsletter, focusing on the Dept. of Labor's Fiduciary Rule, which should reduce conflicts of interest and protect the interests of all investors.
Managing distressed private equity and credit investmentsSteven Rosenblum
Many family offices, pensions, endowments and other investors that have historically allocated capital to private equity and credit funds (“Investors”) are increasingly investing in transactions directly. To achieve similar returns, Investors must replicate the capabilities of institutional asset managers in sourcing opportunities, structuring transactions and investment oversight. When unexpected problems occur post-investment, Investors often lack the resources and internal expertise to optimally manage the position, especially in distressed situations. These include risk management practices to help prevent investments from becoming distressed, activist expertise to manage distressed situations and strategies to recover investments after they have become impaired. This article discusses best practices in each of these areas that help Investors maximize the value of problematic investments.
Compensation Drives (Bad) Behavior- The Fiduciary RuleIan Bond
The Fiduciary Rule: While the clear majority of financial advisers are honest and moral individuals, it appears we are set to protect those who are not. The fiduciary rule was set to establish standards that put a client’s retirement interests above those advising them. Keeping the status quo supports a mantle of credibility where none is deserved.
The Fiduciary Rule can help restore Americans’ retirement dreams for prudent future generations, but they still won’t have pensions guaranteeing retirement income. This is a massive first step in the right direction.
Sign up here for information on The No Nest Egg Retirement Plan http://www.myretirementrehab.me/earlybird/
Personal Loan is an unsecured credit provided by financial institutions based on criteria like employment history, repayment capacity, income level, profession and credit history. Personal Loan, which is also known as a consumer loan is a multi-purpose loan, which you can use to meet any of your immediate needs.
Fund Raising, an art, not mastered by all the founders. About 90% of the startup fails to convert their business plan into investor consent. What are the steps followed by remaining 10% who succeed in closing the deal? What are the “Does & Don’t’” to be followed by a Startup- to raise fund from investors? What are the measures/precautions to be followed by startup to be picked by investors? Many a times, investor may agree preliminary, however, at a later stage they refused to move ahead, even the additional concessions offered do not motivate the investors. There are several questions which a founder had to face but failed to knock the right opportunity.
. A true financial advisor should be a well-educated, credentialed, experienced, financial professional who works on behalf of his clients as disputed to serving the interests of a financial institution
Here is our ppt deck from the June 6th TMA presentation in Chicago. Thanks to my fellow panelists: Dave Gozdecki, Reid Schar and Jeff Vogelsang. Attendees received 1.5 hrs CE
Hedge Fund Due Diligence: Resources to Help Investors Better Understand Their...HedgeFundFundamentals
In light of recent changes brought forth by the new rules adopted by the Securities and Exchange Commission (SEC) implementing the Jumpstart our Business Startups (JOBS) Act, this presentation is designed as an educational tool with basic information about who can invest in hedge funds as well as some potential red flags regarding investment fraud.
How to Structure Venture Capital Term Sheets for a Win-Win Deal ideatoipo
T 4/13/21 How to Structure Venture Capital Term Sheets for a Win-Win Deal
7 PM to 8:30 PM Pacific Time (Online)
https://www.meetup.com/Silicon-Valley-Startup-Idea-to-IPO/events/276787604/
For Those Who Want to Prosper & Thrive in Retirementfreddysaamy
http://ekinsurance.com/financial/retirement/
Our core capital should be designed to outlive us. In fact, it’s important for you to start thinking about your money in terms of it outliving you, not the other way around. You don’t want to outlive your money.
14 Outdated Investing 'Rules' You Don't Need To Follow AnymoreScott Tominaga
As the times change, so does the world of finance. Some investors are still stuck on “rules” of investing that have become obsolete, and sticking with these old adages may hurt you in the long run.
LEGAL ETHICS – BEST PRACTICES 2022 - How to Avoid Malpractice & Disciplinary ...Financial Poise
This webinar presents basic practice pointers to avoid malpractice and disciplinary actions, and how to respond to claims of malpractice or unethical behavior if they arise. The panel also discusses the role that malpractice insurance plays in these situations and the ramifications of a malpractice judgment or disciplinary action. Model Rules addressed may include: those that govern the client-lawyer relationship (Rules 1.1 through 1.10; 1.13; and 1.16); those that that speak to transactions with persons other than clients (Rules 4.1 through 4.4); those that govern the responsibilities of managing and supervisory lawyers, subordinate lawyers, non-lawyer assistance, independence, unauthorized practice of law, and multijurisdictional practice (Rules 5.1 through 5.5); and those that govern communication, including advertising and solicitation of clients (Rules 7.1 through 7.5).
Part of the webinar series: LEGAL ETHICS – BEST PRACTICES 2022
See more at https://www.financialpoise.com/webinars/
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Which Crypto to Buy Today for Short-Term in May-June 2024.pdf
10 most common trust problems
1. 10 of the most common problems with trust planning
cases
2. The Issue
The advice market around “provider” trust plans has grown expedentially but there
seems to be a lack of consistency in processes
With 4MDL & now 5MDL we will soon have compulsory registration on all trusts.
Also with provider based trusts it is unlikely there is a solicitor or accountant
involved so advisers will need to liaise with clients to ensure registration with TRS
At the same time forward thinking adviser firms are keen to adopt “best practice”
on their trust & estate planning. As solicitors are having to validate choices of
introducer partners (new SRA rules) advisers ought to be marketing a higher
standard as a benchmark
3. 1) Large Whole of life plans in trust
In simple terms if a policy is in trust the proceeds do not form part of the insured
persons estate but there is a gift of premiums. These premiums might also be
exempt if the qualifying criteria is met (ie normal expenditure rules)
First of all they must be funded out of surplus income that means the settlors
normal standard of living is maintained
The bit that is missed is around the definition of income, or rather the lack of a
statutory definition. What will not count as income are bond withdrawals (the first
5% being capital) or the capital content of annuities
4. 2) Bare trusts - beneficiaries not told of rights
In a bare trusts the trustees must inform beneficiaries of their rights but experience
shows that with provider trusts this is commonly missed
It is the flip side of the gift with reservation of benefit rules so the settlor must not
retain an interest but equally the beneficiaries must have unencumbered rights
over the assets that are beneficially entitled to.
Not informing them of their rights is a clear breach of GWR rules
The trustees may have legal title over the assets but the beneficiaries have
beneficial ownership, any attempt to circumnavigate this is a clear breach of trust
5. 3) Discretionary trusts with no letter of wishes
All to often provider based discretionary/flexible POA trusts do not have an
accompanying letter of wishes, in the absence of an instruction to the contrary
trustees will feel obligated to distribute assets on death. Combine this with a lack
of trustee meetings and you can see why trustees will feel they have little choice
Poorly constructed letters also create huge problems. for example being where
the wishes look like a distinct instruction, potentially creating absolute interests
inside the trust. Adding “notwithstanding that the trustees retain overall discretion
I want to make them aware of my current thoughts” should help
A presentation on letter of wishes is available
6. 4) No trustee meetings
Trusts are often set up where the trust pre-dates the investment, specifically loan
trusts. In this case clearly advice must be given to trustees not just the settlor
Regardless on-going advice must be given to trustees as a group & in most
circumstances the settlor separately. Advisers also need to have a clear picture of
where special provisions like delegated investment powers interact
An adviser cannot satisfy their regulatory position & the provisions of the trustee
investment act without being involved in regular trustee meetings
Such meetings represent an obvious opportunity to gain trustees as future clients
7. 5) No record of gifts card
There is a set way to record the history of gifts & each client file must record this
Clients must provide full details of previous gifts both amount, date nature etc. If a
solicitor has been involved you must check to make sure if any gifting involved
discretionary trusts ie not assume PETs
The requirement for all planning to interact gives an opportunity to work with a
clients solicitor to share the record of gifts & work together constructively
8. 6) No proper assessment of business assets
One mistake is to assume shares held as investments are in a clients estate.
These may involve EIS/VCT shares, AIM shares etc that qualify for BPR. Also
even if they are qualifying (IHT exempt) shares does not mean they will remain so.
An adviser should get clarification from a valuation statement
Another mistake is to assume that an interest in an owner managed businesses is
always outside your estate. Lots of businesses have, for example, more liquidity
than is required & have no stated business purpose for these funds. In this case a
proportion of assets would be regarded as excepted assets & will not get BPR.
You may well have to plan on the basis that the asset is exempt but should caveat
your advise
9. 7) No proper record of the trust exists
In many cases adviser files are unclear on where the original trust deed sits or
indeed as to whether it was ever sent to a provider. in other cases clients have
lost it & perhaps where unaware of its significance
Insurance companies do not like retaining a full copy of the trust deed as it may
make them “constructive trustees”. This makes clarity on where the original trust
deed sits doubly important
We have two issues in summary. Potentially a failure to make sure the trustees
have title over the assets but more worryingly doubts as to whether it even exists.
Clairity here and regular trustee meeting records will eliminate any concern
10. 8) No Power of attorney in place
Many clients have planned for death (IHT, trustee instructions etc) but have failed
to plan for the loss of control over assets if capacity is lost
In many cases it is not a pathway issue but can be very sudden eg after a stroke
Advisers should be concerned that clients when gifting have already lost access in
part to trust funds. This increases the need to insure remaining assets are readily
available
What a brilliant opportunity to build your solicitor referral base
11. 9) Whose wealth is used to establish the trust?
It matters not a bit that the settlor box on a trust deed might say Mr Smith if the
wealth used came from Mr & Mrs Smith. If this is the case you have a joint
settlements & may have undermined your planning (Mills V IRC 1973)
HMRC practice suggests that if the funds have been in a sole account for a
minimum of 6 months they may now be regarded as in sole ownership
Do not rush to establish a trust if this is an issue. You may however be able to
invest today and establish the trust in say 6 months
12. 10) Lack of consideration of alternatives
Alternative investments that qualify for BPR are often overlooked. This is despite
BPR only needing 2 years to qualify
Too many firms associate IHT exempt investments with risky EIS/VCT schemes.
These schemes have an IHT break but are primarily aimed at younger investors
with substantial Income or capital gains tax issues
On the other hand there are a number of companies constructing portfolios of
shares purely for the IHT break & often much lower in risk than EIS/VCT schemes
13. Consider other changes in practice
Advisers are used to having a robust repeatable investment process
A similar robust repeatable process may not yet be an absolute requirement for
estate planning but how often have we seen today's best practice becoming
tomorrow's compliance norm
For more help contact me on:
Email: kevinraftery@adviserskills.co.uk
Mobile: 07760 880626
14. The legal bits
Legislative references are based on Adviser Skills Ltd understanding of UK law &
HM Revenue & Customs practice. Tax & legislation are likely to change.
The value of reliefs depends on an individuals circumstances
No guarantees are given as to the effectiveness of any arrangements when
applied to individual clients
These are simply suggestions and Adviser Skills Ltd accepts no responsibility for
advice which may be formulated on the basis of these examples