This report summarizes the performance of the Burns, Charles M. TRUST Balanced Composite from December 2013 to February 2015. Key details include:
- As of February 2015, the account value was $425,898 with net losses of $5,990 and net gains of $17,284 for a YTD return of 4.2% and cumulative return of 17.2%.
- By year, the account had a value of $414,525 as of December 2014 with net losses of $14,433 and net gains of $49,326 for a 2014 return of 12.8% and cumulative return since inception of 12.4%.
- Asset allocation as of December 2014 was 42%
Financial statement, taxes, and cash flowCarrine Aulia
This document provides an overview of key financial statements and concepts:
- The balance sheet outlines a company's assets, liabilities, and equity at a point in time. It shows what a company owns and owes.
- The income statement reports a company's revenues, expenses, and profits over a period of time. It shows if a company made a profit or loss.
- Taxes reduce a company's net income. Cash flow looks at a company's inflows and outflows of cash.
- Net working capital and liquidity ratios are important for assessing a company's short-term financial health and ability to meet current obligations. The market value of a company's assets may differ from their value
PPF ECUADOR LAND DEVELOPMENT & CONSTRUCTION FUND (ELDC) A-SHARES (ENG) JULY 2016Pegasus Property Funds™
- The document outlines fees and information for the Ecuador Land Development & Construction Fund.
- Fees include an initial maximum entry fee of up to 4%, annual management charge of 2% of NAV, and performance fee of 10% of any returns above the benchmark index.
- The fund focuses on acquiring and developing land in Ecuador for residential and commercial construction projects. The objective is to achieve returns of 25-30% annually.
Financial services sector - implications of FOFA, possible acquires of SFW, S...George Gabriel
SFW Australia is rated positively given its scarcity value as one of two listed vertically integrated wealth managers in Australia. The stock offers upside for strategic acquirers at its current sum-of-parts valuation of 42 cents per share. Potential acquirers include regional banks, third tier lenders, trustee companies, and diversified wealth managers seeking to expand their distribution networks and mitigate key person risks. The deferral of mandatory FOFA reforms to 2013 will drive further sector consolidation as smaller players exit and larger players pursue acquisitions.
W(h)ither Yields? Dividend Capacity & BDC Stock Prices: A Mortgage REIT Case ...Mercer Capital
The sustained low yield environment is pressuring BDC earnings. If business development companies implement modest dividend cuts, will stock prices decline to maintain investor yield, or will investors accept lower stock yields amid a dearth of compelling alternative income plays? The experience of mortgage REITs examined in this whitepaper, published September, 2014, suggests that erosion of NAV per share from credit-related writedowns is a bigger threat to stock prices over time.
Business development companies are an important and growing source of funding for middle market companies. Along with private equity and other investment funds, BDCs provide billions of dollars of investment capital to private companies in every segment of the economy.
For over thirty years, Mercer Capital has met the valuation needs of the same middle market companies to which BDCs and other funds provide capital.
The ECUADOR LAND DEVELOPMENT FUND aims to achieve returns of 20-25% annually by acquiring undervalued land in Ecuador for residential and commercial development, with a focus on areas near future infrastructure. The fund holds over 110 underlying land assets concentrated in Quito, Guayaquil and Cuenca. It seeks to deliver construction-ready land to the property market by obtaining permits, subdividing plots, and adding basic infrastructure.
Examples of Key Financial Ratios: List of Financial Ratios, Interpretation, C...The-KPI-Examples-Review
This document defines and provides examples of key financial ratios. It identifies the top 5 ratios as: current ratio, return on investment, equity ratio, dividend yield, and debt to equity ratio. The document explains each ratio's calculation formula. It also calculates ratios like return on investment for Siemens using the company's 2014-2013 financial statements to demonstrate the ratios in practice. Financial ratios are grouped into profitability, liquidity, solvency, and efficiency categories.
This document discusses various challenges that may impact retirement planning, including changes in retirement landscape, longevity risk, inflation, health care costs, investment risk, and excess withdrawal risk. It emphasizes the importance of developing a retirement income strategy with a financial professional to establish goals, address challenges, and develop and monitor a plan.
Bab 6 - Accounting and the Time Value of Moneymsahuleka
This document discusses accounting topics related to the time value of money, including compound interest, future and present value calculations, annuities, and bond valuation. It provides learning objectives and examples to distinguish between simple and compound interest, use interest tables, solve single-sum and annuity problems, and apply time value of money concepts to accounting measurements.
Financial statement, taxes, and cash flowCarrine Aulia
This document provides an overview of key financial statements and concepts:
- The balance sheet outlines a company's assets, liabilities, and equity at a point in time. It shows what a company owns and owes.
- The income statement reports a company's revenues, expenses, and profits over a period of time. It shows if a company made a profit or loss.
- Taxes reduce a company's net income. Cash flow looks at a company's inflows and outflows of cash.
- Net working capital and liquidity ratios are important for assessing a company's short-term financial health and ability to meet current obligations. The market value of a company's assets may differ from their value
PPF ECUADOR LAND DEVELOPMENT & CONSTRUCTION FUND (ELDC) A-SHARES (ENG) JULY 2016Pegasus Property Funds™
- The document outlines fees and information for the Ecuador Land Development & Construction Fund.
- Fees include an initial maximum entry fee of up to 4%, annual management charge of 2% of NAV, and performance fee of 10% of any returns above the benchmark index.
- The fund focuses on acquiring and developing land in Ecuador for residential and commercial construction projects. The objective is to achieve returns of 25-30% annually.
Financial services sector - implications of FOFA, possible acquires of SFW, S...George Gabriel
SFW Australia is rated positively given its scarcity value as one of two listed vertically integrated wealth managers in Australia. The stock offers upside for strategic acquirers at its current sum-of-parts valuation of 42 cents per share. Potential acquirers include regional banks, third tier lenders, trustee companies, and diversified wealth managers seeking to expand their distribution networks and mitigate key person risks. The deferral of mandatory FOFA reforms to 2013 will drive further sector consolidation as smaller players exit and larger players pursue acquisitions.
W(h)ither Yields? Dividend Capacity & BDC Stock Prices: A Mortgage REIT Case ...Mercer Capital
The sustained low yield environment is pressuring BDC earnings. If business development companies implement modest dividend cuts, will stock prices decline to maintain investor yield, or will investors accept lower stock yields amid a dearth of compelling alternative income plays? The experience of mortgage REITs examined in this whitepaper, published September, 2014, suggests that erosion of NAV per share from credit-related writedowns is a bigger threat to stock prices over time.
Business development companies are an important and growing source of funding for middle market companies. Along with private equity and other investment funds, BDCs provide billions of dollars of investment capital to private companies in every segment of the economy.
For over thirty years, Mercer Capital has met the valuation needs of the same middle market companies to which BDCs and other funds provide capital.
The ECUADOR LAND DEVELOPMENT FUND aims to achieve returns of 20-25% annually by acquiring undervalued land in Ecuador for residential and commercial development, with a focus on areas near future infrastructure. The fund holds over 110 underlying land assets concentrated in Quito, Guayaquil and Cuenca. It seeks to deliver construction-ready land to the property market by obtaining permits, subdividing plots, and adding basic infrastructure.
Examples of Key Financial Ratios: List of Financial Ratios, Interpretation, C...The-KPI-Examples-Review
This document defines and provides examples of key financial ratios. It identifies the top 5 ratios as: current ratio, return on investment, equity ratio, dividend yield, and debt to equity ratio. The document explains each ratio's calculation formula. It also calculates ratios like return on investment for Siemens using the company's 2014-2013 financial statements to demonstrate the ratios in practice. Financial ratios are grouped into profitability, liquidity, solvency, and efficiency categories.
This document discusses various challenges that may impact retirement planning, including changes in retirement landscape, longevity risk, inflation, health care costs, investment risk, and excess withdrawal risk. It emphasizes the importance of developing a retirement income strategy with a financial professional to establish goals, address challenges, and develop and monitor a plan.
Bab 6 - Accounting and the Time Value of Moneymsahuleka
This document discusses accounting topics related to the time value of money, including compound interest, future and present value calculations, annuities, and bond valuation. It provides learning objectives and examples to distinguish between simple and compound interest, use interest tables, solve single-sum and annuity problems, and apply time value of money concepts to accounting measurements.
The document summarizes PINE's 2Q12 earnings conference call. It discusses a planned capital increase of approximately R$155 million that will raise PINE's BIS ratio to 17.5%. PINE had positive contributions across all business lines in 2Q12. The loan portfolio grew 18.6% year-over-year to R$7.5 billion with diversified sectors and regions. Asset and liability management maintains a positive 3 month gap between credit and funding portfolios.
- Income trusts have become popular investments as they provide stable income in a low interest rate environment when stock and bond returns are uncertain.
- Income trusts work by pooling assets that generate cash flow, then distributing most cash flows to unitholders as dividends. This structure provides tax advantages over corporations.
- The document discusses the history and structure of income trusts, how they provide tax efficiency compared to corporations, and factors influencing their popularity as investments.
This seminar\'s original version became part of the template for Prudential Securities coordinated marketing programs. Participating brokers saw an increase in business that was three times the firm average.
This document discusses key concepts around a company's financing decision of whether to issue debt or equity. It covers factors to consider like taxes, financial distress, signaling effects, and how financial leverage can increase expected returns but also amplify risk for shareholders. Examples and equations are provided to illustrate how different financing options like debt versus equity impact returns and financial ratios.
The document discusses cash flow estimation and risk analysis for a proposed capital project. It provides details of the project costs, revenues, expenses, tax rates, and other assumptions to estimate annual and terminal cash flows. Sensitivity analysis is performed considering changes to the sales forecast. Scenario analysis is conducted based on possible sales cases, and expected NPV, standard deviation of NPV, and coefficient of variation of NPV are calculated. The project is determined to be a high-risk project compared to the firm's average risk profile.
An improved economy and lower fuel prices will likely increase demand for gasoline in 2015, boosting Sunoco LP's revenues. Expansion through acquisitions from its parent company, Energy Transfer Partners, will also continue to increase revenues. Acquisitions in 2014 substantially grew Sunoco's sales and margins. Maintaining long-term contracts with affiliates like Susser Holdings provides guaranteed growth as they open new stores.
1. The document provides financial statements and other information for D'Leon Corporation for the years 2001 and 2002.
2. In 2002, D'Leon expanded its operations which led to increased sales but negative net income, negative net cash flow, and negative economic value added.
3. To finance the expansion, D'Leon took on additional long-term debt, reducing its financial flexibility, but still experienced a decline in cash. The expansion does not appear to have been financially beneficial based on the information provided.
This document provides an overview of key time value of money concepts including future value, present value, annuities, rates of return, and amortization. It presents examples of calculating future value, present value, number of periods, interest rates, and the differences between ordinary annuities and annuities due. The key differences between nominal interest rates, periodic rates, and effective annual rates are also explained. Examples are provided to illustrate the impact of more frequent compounding on effective annual rates of return.
Tricumen / Capital Markets: Results Review 4Q13/FY13_OPENTricumen Ltd
The document provides a review and analysis of capital markets results for the fourth quarter and full year of 2013 for the top 13 banks. Some key points:
- Capital markets revenue was flat in Q4 2013 and slightly higher for the full year compared to prior periods, with fixed income, currencies and commodities (FICC) proving more resilient than expected.
- Headcount reductions continued to slow in Q4 2013 but more cuts are expected in the first half of 2014 as several large banks review their FICC divisions.
- UBS and Goldman Sachs gained the most market share among peers in 2013 by reversing declines earlier in the year through strengths in various businesses.
- Primary issuance and advisory businesses
National Australia Bank (NAB) is the analyst's preferred major bank stock due to its attractive valuation and growth potential. The report recommends NAB over Westpac and provides 10 reasons for this, including: 1) positive momentum in Australian retail banking from market share gains, 2) leverage to an expected recovery in business lending, and 3) opportunities to improve performance in the UK, New Zealand, and other divisions. The analyst upgrades their price target for NAB and maintains a positive view based on these company-specific growth drivers in an otherwise challenging sector.
Bendigo Bank (EBN) - finding an earnings base George Gabriel
Bendigo and Adelaide Bank (BEN) appears to be finding an earnings baseline, with the rate of cash earnings decline slowing in the second half of 2012. However, given its concentrated exposures to residential mortgages and deposit funding, BEN remains vulnerable to external shocks. Key drivers of BEN's earnings outlook are the residential property market, deposit funding costs, and system credit growth. BEN has an overweight exposure to residential mortgages and leads the sector in deposit funding, but has faced pressure from rising deposit costs.
The quarterly investment report for the City of Killeen shows that as of December 31, 2016:
- The investment portfolio totaled $97.7 million and was in compliance with regulations.
- The largest holdings were in pools/money market accounts (55%) and certificates of deposit (35%).
- The total portfolio average yield was 0.66% for the quarter.
This document discusses challenges to retirement planning, including changes from pensions to 401(k)s, more retirees working, rising costs of living and healthcare, and uncertainty around Social Security. It then provides an example retirement planning calculation showing the need to save over $1 million. Finally, it emphasizes developing a retirement strategy in consultation with a financial professional to address challenges through diversification, asset allocation, and insurance products.
Discounted cash flow techniques are used to evaluate investment projects by estimating relevant cash flows over time and discounting them to calculate net present value (NPV). NPV is the primary criterion for accepting or rejecting projects and considers the timing of all cash flows. When capital is limited, mutually exclusive projects must be ranked according to NPV to allocate funds to the most valuable opportunities. Accurately determining relevant cash flows requires understanding how items like depreciation, working capital, taxes, and capacity utilization affect cash flows over time.
This document provides a fund summary and performance report for the KB Value Focus Korea Equity Fund as of April 30, 2019. It includes information on the fund's investment philosophy, portfolio statistics, top 10 holdings, sector allocation, performance charts and attribution analysis. The fund focuses on stock selection in the Korean market, emphasizing value stocks. For the month, it underperformed its benchmark index by 1.06% and the manager comments on market trends and individual stock contributors to performance.
The document discusses various types of financial instruments and markets. It begins by explaining how companies raise money through financial markets and the packaging of future cash flows. It then defines different financial markets and instruments such as money markets, capital markets, bonds, stocks, and preferred shares. It also discusses how private companies obtain financing and the process for companies going public.
The document discusses various techniques for financial forecasting and planning, including pro forma financial statements, percentage of sales forecasting, and cash flow forecasting. It provides an example of building a pro forma for a company called R&E Supplies to forecast their financial statements and determine their external funding requirements for the following year. Sensitivity analysis on the assumptions is recommended to determine the forecast's range of outcomes and induce prioritization of assumptions.
This document provides an overview of key concepts in financial statement analysis and accounting. It discusses the cash flow cycle, balance sheet components, and how the income statement, balance sheet, and statement of cash flows are interconnected. It also covers topics like depreciation, the difference between cash flow and net income, and the limitations of historical cost accounting versus fair value accounting.
The document describes a Client Reporting System (CRS) module that allows efficient production of high-quality, graphical client reports in large volumes. The CRS module streamlines the reporting process from initiation to delivery and allows customization of reports with company branding. It provides standard and advanced reporting options to clearly present portfolio performance and risks to clients.
The document is an investment statement for the Hutchison Family that provides a detailed overview of their investment portfolio including sections on asset allocation, individual equity and fixed income holdings, portfolio performance, and transactions. It includes analyses of economic trends, the portfolio's asset allocation, performance metrics, and individual security holdings. The statement shows that as of March 31, 2011 the Hutchison Family portfolio was worth over $13 million and generated an estimated annual income of over $460,000.
The document discusses a private banking software solution that provides competitive advantages. It offers a powerful tool to support client relationships through holistic advice and high service levels. The solution gives advisors and clients total overview of all assets and liabilities in one window. It allows for efficient management of portfolios, risk, and reporting. The system is designed to handle a broad array of financial instruments and provide up-to-date coverage of new market developments at low cost per client.
Este documento analiza las diferentes tecnologías de información que las organizaciones pueden aprovechar para adoptar prácticas de Green IT y mejorar la administración de sus recursos informáticos. Explora conceptos como la computación en la nube, la virtualización y la computación en red, y cómo estas tecnologías pueden contribuir a una mayor eficiencia energética y reducción de costos. También discute cómo el sector de TI debe jugar un papel clave en promover el desarrollo sostenible a través de un uso más racional de las tecnologías
The document summarizes PINE's 2Q12 earnings conference call. It discusses a planned capital increase of approximately R$155 million that will raise PINE's BIS ratio to 17.5%. PINE had positive contributions across all business lines in 2Q12. The loan portfolio grew 18.6% year-over-year to R$7.5 billion with diversified sectors and regions. Asset and liability management maintains a positive 3 month gap between credit and funding portfolios.
- Income trusts have become popular investments as they provide stable income in a low interest rate environment when stock and bond returns are uncertain.
- Income trusts work by pooling assets that generate cash flow, then distributing most cash flows to unitholders as dividends. This structure provides tax advantages over corporations.
- The document discusses the history and structure of income trusts, how they provide tax efficiency compared to corporations, and factors influencing their popularity as investments.
This seminar\'s original version became part of the template for Prudential Securities coordinated marketing programs. Participating brokers saw an increase in business that was three times the firm average.
This document discusses key concepts around a company's financing decision of whether to issue debt or equity. It covers factors to consider like taxes, financial distress, signaling effects, and how financial leverage can increase expected returns but also amplify risk for shareholders. Examples and equations are provided to illustrate how different financing options like debt versus equity impact returns and financial ratios.
The document discusses cash flow estimation and risk analysis for a proposed capital project. It provides details of the project costs, revenues, expenses, tax rates, and other assumptions to estimate annual and terminal cash flows. Sensitivity analysis is performed considering changes to the sales forecast. Scenario analysis is conducted based on possible sales cases, and expected NPV, standard deviation of NPV, and coefficient of variation of NPV are calculated. The project is determined to be a high-risk project compared to the firm's average risk profile.
An improved economy and lower fuel prices will likely increase demand for gasoline in 2015, boosting Sunoco LP's revenues. Expansion through acquisitions from its parent company, Energy Transfer Partners, will also continue to increase revenues. Acquisitions in 2014 substantially grew Sunoco's sales and margins. Maintaining long-term contracts with affiliates like Susser Holdings provides guaranteed growth as they open new stores.
1. The document provides financial statements and other information for D'Leon Corporation for the years 2001 and 2002.
2. In 2002, D'Leon expanded its operations which led to increased sales but negative net income, negative net cash flow, and negative economic value added.
3. To finance the expansion, D'Leon took on additional long-term debt, reducing its financial flexibility, but still experienced a decline in cash. The expansion does not appear to have been financially beneficial based on the information provided.
This document provides an overview of key time value of money concepts including future value, present value, annuities, rates of return, and amortization. It presents examples of calculating future value, present value, number of periods, interest rates, and the differences between ordinary annuities and annuities due. The key differences between nominal interest rates, periodic rates, and effective annual rates are also explained. Examples are provided to illustrate the impact of more frequent compounding on effective annual rates of return.
Tricumen / Capital Markets: Results Review 4Q13/FY13_OPENTricumen Ltd
The document provides a review and analysis of capital markets results for the fourth quarter and full year of 2013 for the top 13 banks. Some key points:
- Capital markets revenue was flat in Q4 2013 and slightly higher for the full year compared to prior periods, with fixed income, currencies and commodities (FICC) proving more resilient than expected.
- Headcount reductions continued to slow in Q4 2013 but more cuts are expected in the first half of 2014 as several large banks review their FICC divisions.
- UBS and Goldman Sachs gained the most market share among peers in 2013 by reversing declines earlier in the year through strengths in various businesses.
- Primary issuance and advisory businesses
National Australia Bank (NAB) is the analyst's preferred major bank stock due to its attractive valuation and growth potential. The report recommends NAB over Westpac and provides 10 reasons for this, including: 1) positive momentum in Australian retail banking from market share gains, 2) leverage to an expected recovery in business lending, and 3) opportunities to improve performance in the UK, New Zealand, and other divisions. The analyst upgrades their price target for NAB and maintains a positive view based on these company-specific growth drivers in an otherwise challenging sector.
Bendigo Bank (EBN) - finding an earnings base George Gabriel
Bendigo and Adelaide Bank (BEN) appears to be finding an earnings baseline, with the rate of cash earnings decline slowing in the second half of 2012. However, given its concentrated exposures to residential mortgages and deposit funding, BEN remains vulnerable to external shocks. Key drivers of BEN's earnings outlook are the residential property market, deposit funding costs, and system credit growth. BEN has an overweight exposure to residential mortgages and leads the sector in deposit funding, but has faced pressure from rising deposit costs.
The quarterly investment report for the City of Killeen shows that as of December 31, 2016:
- The investment portfolio totaled $97.7 million and was in compliance with regulations.
- The largest holdings were in pools/money market accounts (55%) and certificates of deposit (35%).
- The total portfolio average yield was 0.66% for the quarter.
This document discusses challenges to retirement planning, including changes from pensions to 401(k)s, more retirees working, rising costs of living and healthcare, and uncertainty around Social Security. It then provides an example retirement planning calculation showing the need to save over $1 million. Finally, it emphasizes developing a retirement strategy in consultation with a financial professional to address challenges through diversification, asset allocation, and insurance products.
Discounted cash flow techniques are used to evaluate investment projects by estimating relevant cash flows over time and discounting them to calculate net present value (NPV). NPV is the primary criterion for accepting or rejecting projects and considers the timing of all cash flows. When capital is limited, mutually exclusive projects must be ranked according to NPV to allocate funds to the most valuable opportunities. Accurately determining relevant cash flows requires understanding how items like depreciation, working capital, taxes, and capacity utilization affect cash flows over time.
This document provides a fund summary and performance report for the KB Value Focus Korea Equity Fund as of April 30, 2019. It includes information on the fund's investment philosophy, portfolio statistics, top 10 holdings, sector allocation, performance charts and attribution analysis. The fund focuses on stock selection in the Korean market, emphasizing value stocks. For the month, it underperformed its benchmark index by 1.06% and the manager comments on market trends and individual stock contributors to performance.
The document discusses various types of financial instruments and markets. It begins by explaining how companies raise money through financial markets and the packaging of future cash flows. It then defines different financial markets and instruments such as money markets, capital markets, bonds, stocks, and preferred shares. It also discusses how private companies obtain financing and the process for companies going public.
The document discusses various techniques for financial forecasting and planning, including pro forma financial statements, percentage of sales forecasting, and cash flow forecasting. It provides an example of building a pro forma for a company called R&E Supplies to forecast their financial statements and determine their external funding requirements for the following year. Sensitivity analysis on the assumptions is recommended to determine the forecast's range of outcomes and induce prioritization of assumptions.
This document provides an overview of key concepts in financial statement analysis and accounting. It discusses the cash flow cycle, balance sheet components, and how the income statement, balance sheet, and statement of cash flows are interconnected. It also covers topics like depreciation, the difference between cash flow and net income, and the limitations of historical cost accounting versus fair value accounting.
The document describes a Client Reporting System (CRS) module that allows efficient production of high-quality, graphical client reports in large volumes. The CRS module streamlines the reporting process from initiation to delivery and allows customization of reports with company branding. It provides standard and advanced reporting options to clearly present portfolio performance and risks to clients.
The document is an investment statement for the Hutchison Family that provides a detailed overview of their investment portfolio including sections on asset allocation, individual equity and fixed income holdings, portfolio performance, and transactions. It includes analyses of economic trends, the portfolio's asset allocation, performance metrics, and individual security holdings. The statement shows that as of March 31, 2011 the Hutchison Family portfolio was worth over $13 million and generated an estimated annual income of over $460,000.
The document discusses a private banking software solution that provides competitive advantages. It offers a powerful tool to support client relationships through holistic advice and high service levels. The solution gives advisors and clients total overview of all assets and liabilities in one window. It allows for efficient management of portfolios, risk, and reporting. The system is designed to handle a broad array of financial instruments and provide up-to-date coverage of new market developments at low cost per client.
Este documento analiza las diferentes tecnologías de información que las organizaciones pueden aprovechar para adoptar prácticas de Green IT y mejorar la administración de sus recursos informáticos. Explora conceptos como la computación en la nube, la virtualización y la computación en red, y cómo estas tecnologías pueden contribuir a una mayor eficiencia energética y reducción de costos. También discute cómo el sector de TI debe jugar un papel clave en promover el desarrollo sostenible a través de un uso más racional de las tecnologías
This document discusses radio promotions and co-sponsored events. It provides examples of websites and articles about how radio stations can co-sponsor events. It also gives examples of promotional ideas for radio, including giveaways and podcasts. Finally, it outlines the elements to include in a radio promo layout, such as the product being promoted, instructions for readers, logos of co-sponsors, and contact details.
Chapter 6 - business plan power point presentation 8gerbs1010
The document discusses elements to include in the operations section of a business plan, including licenses and permits required for the business, types of insurance needed, after-sale services offered, and potential threats to the business. It provides examples of licenses, permits, insurance types, after-sale services, and common threats faced by businesses.
Active Authentication to Protect IT Assets - Onion IDbanerjeea
This document discusses the challenges of authenticating access to infrastructure and proposes active authentication as a solution. The status quo involves usernames/passwords, SSH keys, IP filters and VPNs. However, IT infrastructure has expanded to include cloud servers, mobile devices and containers. A variety of users now need access, including developers and third parties. This poses challenges like outsourcing, flexibility for multiple dev teams, and high velocity cloud changes. Threats include employee churn, compliance issues, and an expanded attack surface. Going forward, the document proposes active authentication that analyzes every command based on risk level, connection statistics, and takes actions like 2FA. This can help with concepts like least privilege and risk scoring while ensuring compliance. Continuous
Realist theories of crime challenge the idea that human behavior is determined by external forces alone. There are two main realist perspectives: right realism and left realism. Right realists argue that crime stems from poor socialization and lack of self-control. They advocate for stronger law enforcement measures. Left realists acknowledge crime victims but argue relative deprivation and lack of opportunities also contribute to crime. They call for improving social and economic conditions to reduce crime.
This document summarizes the key strengths and weaknesses of various sociological perspectives on crime: biological, functionalist, sub-cultural, interactionist, Marxist, neo-Marxist, feminist, ethnicity, right realist, left realist, and postmodernist. For each perspective, the strengths and weaknesses are outlined in point form. The document provides an overview of the major theories of crime and how they differ in their causal explanations and criticisms of one another.
Consumer Services - Presentation by Alexander Sixt, Corporate Development of Sixt at the NOAH 2014 Conference in London, Old Billingsgate on the 13th of November 2014.
Project managers use Key Performance Indicators (KPIs) and dashboards to monitor and communicate the status of a project. KPIs should be measurable metrics that indicate if objectives are being met. Effective KPIs are specific, measurable, attainable, relevant and time-bound. KPIs can be quantitative or qualitative and should be selected to provide insights without overwhelming stakeholders with too much data. Dashboards consolidate multiple KPIs using visual widgets like charts, tables and gauges to give viewers a quick status update in an easy to understand format.
Investing Concept Of Risk And Return PowerPoint Presentation Slides SlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
Fourth Quarter and Year End 2014 Financial Results Investor CallSquareTwoFinancial
The company reported financial results for year-end 2014, with consolidated ERP of $655 million and adjusted EBITDA of $198 million. Returns in 2014 were lower than previous years due to competitive market conditions. However, actively managed portfolios maintained strength, with initial 12-month returns reflecting conservatism. Purchases in Q4 2014 totaled $29 million according to the company's long-term investment strategy of diversification.
Ye 2014-square two-investor-call-presentation-final-03-02-15SquareTwoFinancial
The company reported financial results for year-end 2014, with consolidated ERP of $655 million and adjusted EBITDA of $198 million. Returns in 2014 were lower than previous years due to competitive market conditions. However, actively managed portfolios maintained strength, with initial 12-month returns reflecting conservatism. The company purchased $29 million in the fourth quarter of 2014 as part of its long-term investment strategy focused on diversification.
Fred Campo, chairman of Computer Industries, brought in Donna Jamison to help turn the company around after an expansion program failed to generate the expected sales and profits, resulting in large losses. Ratios analyzed from the company's financial statements showed liquidity was weak, assets were not being utilized efficiently, and profitability was below industry averages, indicating poor performance and need for improvement. Comparing to competitors provided benchmarks to identify specific areas for Computer Industries to address in order to improve operations and financial position.
Portfolio Risk And Return Analysis PowerPoint Presentation Slides SlideTeam
Presenting this set of slides with name - Portfolio Risk And Return Analysis Powerpoint Presentation Slides. Enhance your audiences knowledge with this well researched complete deck. Showcase all the important features of the deck with perfect visuals. This deck comprises of total of twenty nine slides with each slide explained in detail. Each template comprises of professional diagrams and layouts. Our professional PowerPoint experts have also included icons, graphs and charts for your convenience. All you have to do is DOWNLOAD the deck. Make changes as per the requirement. Yes, these PPT slides are completely customizable. Edit the colour, text and font size. Add or delete the content from the slide. And leave your audience awestruck with the professionally designed Portfolio Risk And Return Analysis Powerpoint Presentation Slides complete deck.
Finance Risk And Return PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Finance Risk And Return Powerpoint Presentation Slides. This PPT deck displays twenty eight slides with in depth research. Our topic oriented Finance Risk And Return Powerpoint Presentation Slides presentation deck is a helpful tool to plan, prepare, document and analyse the topic with a clear approach. We provide a ready to use deck with all sorts of relevant topics subtopics templates, charts and graphs, overviews, analysis templates. Outline all the important aspects without any hassle. It showcases of all kind of editable templates infographs for an inclusive and comprehensive Finance Risk And Return Powerpoint Presentation Slides presentation. Professionals, managers, individual and team involved in any company organization from any field can use them as per requirement.
Bring structure to your financial plan with our visually appealing Financial Concepts Risk Return PowerPoint Presentation Slides. The content ready portfolio risk and return analysis PowerPoint compete deck comprises of PPT slides such as risk and return of stock bonds, and T-bills, investment strategies of predefined portfolios, risk and return of portfolio manager, measuring stock volatility, proportionate, portfolio return analysis, calculating asset beta, portfolio value at risk, ranking the passive income streams impact of to name a few. Furthermore, to cover all the important concepts our designers have included additional slides like meet our team, mission and vision, comparison, timeline, financial, sticky notes, target, contact us, etc. Since all our slides are fully editable, you can easily customize it as per your needs. The visually appealing portfolio risk-return in security analysis PPT template can keep your audience engaged. Get access to this risk and return relationship PowerPoint template to design risk management strategies. Facilitate the joining of hands with our Financial Concepts Risk Return PowerPoint Presentation Slides. Improve the chances of cohesive action.
JPM Global Dividend A (acc) - EUR[LU_EN][2_5_2016]_AFTERBernard Lambeau
This document provides an overview of the JPMorgan Investment Funds - Global Dividend Fund. The fund aims to provide long-term capital growth by investing in companies globally that generate high and rising income. It is designed for investors seeking an income-producing core equity investment or long-term capital gains over a minimum five-year period. The fund is diversified across sectors and markets and currently has assets of USD 115.0 million. Its largest holdings are in the energy, technology, and healthcare sectors.
Risk And Return Relationship PowerPoint Presentation SlidesSlideTeam
While building a diversified portfolio it is important to balance risk and returns, plan your investment strategy with our content ready easy to understand Risk and Return Relationship PowerPoint Presentation Slides. The visually appealing portfolio risk-return trade-off PowerPoint compete deck includes a set of pre-made PPT slides such as risk and return of stock bonds, and T-bills, investment strategies of predefined portfolios, risk and return of portfolio manager, measuring stock volatility proportionate, portfolio return analysis, calculating asset beta, portfolio value at risk, ranking the passive income streams impact and many more. Discuss the relationship between risk and return using security analysis and portfolio management PPT visuals. Utilize the professionally designed risk-return trade-off to structure your financial presentation. Furthermore, risk and return equation PPT visuals are completely customizable. You can add or delete the content if needed. Download this easy to use security analysis and portfolio management presentation deck to illustrate the risk-return relationship. Halt the growth of cultural differences with our Risk And Return Relationship PowerPoint Presentation Slides. Focus on bringing about acceptance.
Investment performance reports can be confusing because they use different calculation methods that measure performance differently. Time-weighted returns measure average returns without regard for cash flows, allowing fair comparison of managers. Dollar-weighted returns are more influenced by timing of cash flows. In an example, a portfolio had steady gains for 4 years but a large inheritance and market loss in the 5th year, so dollar-weighted return was negative while time-weighted still showed gains due to each year having equal weight. Performance standards use time-weighted returns to provide accurate comparisons across investments.
Goldman Sachs US Financial Services Conference 2017 presentation outlines Evercore's goal of becoming the most elite and respected independent investment bank. It discusses Evercore's differentiated platform of integrated capabilities across M&A advisory, capital markets, and investment management. The presentation also notes current supportive market conditions and Evercore's strategic expansion diversifying its geographic footprint and industry expertise to drive continued growth.
- Financial Results for Q3 2015 were announced, with a conference call scheduled for November 12, 2015 at 8:30am MTN.
- Adjusted EBITDA was $40 million, up from $42 million in Q4 2014. Consolidated estimated remaining proceeds (ERP) was $592 million, down slightly from $600 million in Q2 2015.
- Purchasing activity was $410 million in Q3 2015, up 20.1% from $342 million in Q3 2014, with a disciplined focus on returns. Canadian purchases increased significantly year-over-year.
1 Current Topics in Business – Wealth Management (MBA6290MargaritoWhitt221
1
Current Topics in Business – Wealth Management (MBA6290)
Financial Planning Project
The purpose of this project is to solidify your concepts on household financial analysis.
Specifically, it requires you to input household financial data in professional financial
planning software (MoneyGuidePro) and analyze strength, weaknesses and make
recommendations from wealth management perspective. The objective is to get hands-on
experience on financial planning process by working with professional wealth
management tools.
The project involves the following tasks:
(i) Data Collection. Survey a household and use the questionnaire worksheet to obtain the
financial data. You do not have to collect responses for each question but try to gather as
much information as possible before getting started with the software. You may want to
modify the survey responses and personal information for privacy purposes.
(ii) Software Registration. MoneyGuidePro is one of the leading financial planning
software and you have access to it for this semester. All data will be deleted after 6
months. Follow these instructions to set up your account:
1. Visit http://learn.moneyguidepro.com
2. Click the Register button
3. Agree to the license agreement
4. Create a User ID and Password
5. Use this Registration code: 14770 (same code for all students).
(iii) Data Entry. Once registered, follow the following steps:
1. Go to “Start Planning” and “Add New Client.” Input basic information.
2. Go to “Fina Metrica Risk Tolerance” and calculate the risk tolerance score.
3. Go to “Budget” to input income and expenses.
4. Go to “Financial Goal Plan” and from the drop-down menu choose “Retirement.”
This is the main section where you will enter most of the financial data.
5. Once all data is entered, create the financial goal plan.
6. Calculate important financial ratios
(iv) Analysis and Recommendations. Prepare a report in your own words on the financial
conditions of the household (2-3 pages). Specifically, highlight the main findings from
the financial goal plan generated by MoneyGuidPro and interpret relevant financial ratios
to strengthen your analysis and recommendations.
Project Submission and Presentation
http://learn.moneyguidepro.com/
2
Upload the following documents in the Blackboard:
1. Project Report (2-3 pages, font 12 double spaced)
2. MoneyGuidePro report (Financial Goal Plan and Risk Tolerance)
3. ZOOM Video Presentation (See tutorial on how to record and share
presentation https://uhdhml.uhd.edu/Play/409)
Zoom Videl Presentation: 8-10 minutes
1. Household description (age, employment, children, goals, etc.)
2. Risk tolerance and Budget
3. Main findings of the financial goal plan generated by MoneyGuidPro and
interpretation of financial ratios (maximize your time in this component)
4. Strengths, weaknesses and recommendations
Grading Rubric
Your grade w ...
This document summarizes Trinseo's performance in the first quarter of 2016. It notes that Adjusted EBITDA excluding inventory revaluation reached a record $153 million. Full year 2016 guidance for Adjusted EBITDA excluding inventory revaluation is provided as $570-590 million. Additionally, free cash flow for Q1 2016 was $63 million and full year 2016 free cash flow guidance is $290 million excluding changes in working capital. The document also provides an overview of Trinseo's financial performance and guidance for the second quarter of 2016.
Q3 15 results presentation final unencryptedInvestorMarkit
- Markit reported financial results for Q3 2015 with total revenue of $277.3 million, up 2.8% year-over-year
- Revenue growth was driven by 5.6% constant currency growth, including 5.1% organic growth in Information and 13.1% organic growth in Solutions
- Adjusted EBITDA was $123.5 million, with an adjusted EBITDA margin of 44.9% maintained from prior year
- Adjusted earnings were $68.2 million, with adjusted diluted EPS of $0.37
- Results reflected continued investment in new products and acquisitions including DealHub and CoreOne Technologies
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601
This document provides information about obtaining fully solved assignments from an assignment help service. It lists their email and phone contact information and requests students to send their semester and specialization when reaching out. It then provides a sample assignment for financial management that covers topics like calculating tax liability for a corporation, objectives of income tax, investment analysis based on risk and return, diversification and its impact on risk, and financial forecasting. The document provides guidance on calculating various financial ratios for McDonald's and solving inventory management problems. It asks students to explain concepts like issues in international business, financial axioms, and the risk-return tradeoff.
Risk Return Trade Off PowerPoint Presentation SlidesSlideTeam
Presenting this set of slides with name - Risk Return Trade Off Powerpoint Presentation Slides. This deck consists of total of twenty nine slides. It has PPT slides highlighting important topics of Risk Return Trade Off Powerpoint Presentation Slides. This deck comprises of amazing visuals with thoroughly researched content. Each template is well crafted and designed by our PowerPoint experts. Our designers have included all the necessary PowerPoint layouts in this deck. From icons to graphs, this PPT deck has it all. The best part is that these templates are easily customizable. Just click the DOWNLOAD button shown below. Edit the colour, text, font size, add or delete the content as per the requirement. Download this deck now and engage your audience with this ready made presentation.
Similar to Successful Portfolios Guide to Our Client Reports (20)
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
Independent Study - College of Wooster Research (2023-2024)
Successful Portfolios Guide to Our Client Reports
1. Burns, Charles M. TRUST
Balanced Composite Inception Date: 12/26/2013
D ate
US$ M arket
Value
US$ C ash
D epo sits &
Withdrawals
US$
Gain/ Lo ss
YT D T WR
C umulative
T WR
2/28/2015 425,898$ (5,990)$ 17,284$ + 4.2% + 17.2%
12/31/2014 414,525$ (14,433)$ 49,326$ + 12.8% + 12.4%
12/31/2013 379,516$ 300,000$ (1,142)$ - 0.3% - 0.3%
All performance values are net of all fees.
Returns for 2013 are from the inception date, December 26, 2013.
Historical Equity Sector Walk
Materials 2.9%
Info. Tech. 9.4%
Financials 10.3%
Energy 15.8%
Consmr Discr. 11.0%
Industrials 5.2%
Telecomm. 8.9%
Healthcare 14.5%
Utilities 7.4%
Consmr Stapl. 14.6%
Account Monthly and Cummulative Returns
Account: 8
US$ Gain/Loss is estimated using the formula:
US$ Gain/Loss = (US$ Market Value * TWR) / (TWR + 1).
This report is for informational purposes only. We cannot guarantee that returns and
account values are accurate, though we believe they are. Please see additional disclosures at
the end of this report.
-5%
0%
5%
10%
15%
20%
DEC 2013 DEC 2014
Account: 8
Consmr Stapl.
Utilities
Healthcare
Telecomm.
Industrials
Consmr Discr.
Energy
Financials
Info. Tech.
Materials
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
DEC 2013 JUN 2014 DEC 2014
EQ
42%
FI
56%
Cash
2%
Asset Allocation
Burns, Charles M. TRUST
Balanced Composite Inception Date: 12/26/2013
Date Composite
US$ Market
Value
US$ Cash
Deposits &
Withdrawals US$ Gain/Loss Monthly TWR
Cumulative
TWR
2/28/2015 Balanced 425,898$ (2,995)$ 6,501$ 1.6% + 17.2%
1/31/2015 Balanced 422,361$ (2,995)$ 10,783$ 2.6% + 15.4%
12/31/2014 Balanced 414,525$ (2,995)$ (5,502)$ -1.3% + 12.4%
11/30/2014 Balanced 423,056$ (2,995)$ 4,975$ 1.2% + 13.9%
10/31/2014 Balanced 421,051$ (2,995)$ 5,198$ 1.3% + 12.6%
9/30/2014 Balanced 418,826$ (2,350)$ (6,551)$ -1.5% + 11.2%
8/31/2014 Balanced 427,761$ (2,100)$ 11,246$ 2.7% + 12.9%
7/31/2014 Balanced 418,589$ (2,350)$ (5,170)$ -1.2% + 10.0%
6/30/2014 Balanced 426,106$ (2,350)$ 6,875$ 1.6% + 11.3%
5/31/2014 Balanced 421,553$ (2,350)$ 5,163$ 1.2% + 9.5%
4/30/2014 Balanced 418,731$ (2,350)$ 9,294$ 2.3% + 8.2%
3/31/2014 Balanced 411,739$ (2,350)$ 5,525$ 1.4% + 5.8%
2/28/2014 Balanced 408,568$ (2,350)$ 13,090$ 3.3% + 4.4%
1/31/2014 Balanced 397,774$ 13,102$ 5,182$ 1.3% + 1.0%
12/31/2013 Balanced 379,516$ 300,000$ (1,142)$ -0.3% - 0.3%
Account: 8
Time Weighted Return (TWR) is a widely used measure of the compound rate of growth in a portfolio. TWR adjusts for the timing and amount of
deposits and withdrawals on portfolio returns and facilitates comparison of investment manager performance.
Successful Portfolios claims compliance with the Global Investment Performance Standards (GIPS). GIPS requires investment managers to group accounts
with similar risk and return objectives into “Composites” for purposes of performance measurement and comparison.
Ending Monthly Market Values may differ from those on your brokerage statements due to differences in trade-date vs. settlement-date reporting, and
differences in accounting for dividend and bond interest accruals.
This report provides supplemental account information only. It is not intended to replace your official brokerage custodial statement and it should not be
relied for tax, lending, or accounting purposes.
If you have any questions or would like to further review your investment objectives and assigned account composite, please contact us at
(727) 744-3614 or use the secure private chat tool on our website. Upon your request, we are happy to provide you with a copy of Successful
Portfolios Global Investment Performance Standards (GIPS) Report which includes detailed information about our account composites and investment
performance.
Accounts assigned to Successful Portfolios’ Balanced Composite seek a risk and return profile similar to a portfolio invested 50% in the S&P 500 Index and
50% in Barclays Aggregate Bond Index, subject to investor preferences, unique circumstances and risk tolerance. Successful Portfolios is pleased to offer
Finametrica, an award-winning personal risk tolerance assessment tool on our website, SuccessfulPortfolios.com. We encourage you to complete this
educational and revealing personal risk tolerance assessment.
Introduction
Our goal was to build an information rich, yet concise, client report to help Successful Portfolios clients understand how
we invest their money. Over time, we have refined this report to address questions frequently asked by clients:
What is the rate of return for my account net of cash deposits and withdrawals?
What were my deposits or withdrawals in a specific month or year?
How much risk am I taking?
The Client Report: Four Refined Elements
1. Two tables (first by year, and then by month) containing the account’s ending value, cash deposits and
withdrawals, and investment returns net of fees.
2. Current and historical Composite Assignments.
3. Two Allocation Charts, first a broad asset allocation snapshot followed by a historical equity sector allocation.
4. A Total Return Chart, since inception, net of fees and trading expenses.
1 1
3
3
4
Please see Appendix for a full sized sample report.
2
Successful Portfolios
Client Reportv. 1.0
2. 1. The Yearly and Monthly Tables
Clients want to know, at a glance, how their accounts are performing. The tables clearly display net of fees returns
since inception (Cumulative TWR), year to date (YTD TWR), and for each month (Monthly TWR). The time-weighted
return formula adjusts for the distortions created by deposits and withdrawals and is a requirement of the Global
Investment Performance Standards (GIPS). Successful Portfolios claims compliance with the GIPS standards and has
been independently verified for the periods March 1, 2010 to March 31, 2014.
The rate of cash deposits and withdraws is an important factor to a retirement account and it can be easy to lose track
of these transactions, especially if the amount or timing varies. For this important reason, we summarize net deposits
and withdrawals (US$ Cash Deposits and Withdrawals) by year and month.
The green arrows on the figure to the left
demonstrate some of the links between the Yearly
and Monthly Tables in the Client Report. Monthly
withdrawals of $2,995 are summed in the Yearly
Table for total withdrawals of $5,990 so far in 2015.
To arrive at the 2014 annual return of 12.8%, take the
product of 1 plus the monthly returns, then subtract 1
from that product. Cumulative returns are calculated
in the same manner.
𝐴𝑛𝑛. 𝑅𝑒𝑡. = [(1 + 𝐽𝑎𝑛) × (1 + 𝐹𝑒𝑏) … × (1 + 𝐷𝑒𝑐)] − 1
2. Composite Assignment
Successful Portfolios manages client portfolios according to mutually agreed risk and return mandates, targeting a
suitable asset class allocation (as seen in the pie chart, a mix of about 40% equities, 60% bonds and cash). As a rule,
a higher allocation to stocks indicates more risk and return potential. There are exceptions. For example, a portfolio
allocated to defensive sector, high-quality, low-beta stocks can be less risky than a portfolio of long duration, high yield
bonds.
We assign accounts to composites based on a client’s risk and return mandate, illustrated by the red arrow above.
These Composites include, in order of decreasing risk and return potential, (1) Growth, (2) Growth and Income, (3)
Balanced, (4) Income and Growth, and (5) Capital Preservation. Our Composite Reports may be found on our
website, www.successfulportfolios.com. A list of all Composites with descriptions is available upon request.
YEARLY TABLE
D ate
US$ M arket
Value
US$ C ash
D epo sits &
Withdrawals
US$
Gain/ Lo ss
YT D T WR
C umulative
T WR
2/28/2015 425,898$ (5,990)$ 17,284$ + 4.2% + 17.2%
12/31/2014 414,525$ (14,433)$ 49,326$ + 12.8% + 12.4%
12/31/2013 379,516$ 300,000$ (1,142)$ - 0.3% - 0.3%
MONTHLY TABLE
Date Composite
US$ Market
Value
US$ Cash
Deposits &
Withdrawals
US$
Gain/Loss
Monthly
TWR
Cumulative
TWR
2/28/2015 Balanced 425,898$ (2,995)$ 6,501$ 1.6% + 17.2%
1/31/2015 Balanced 422,361$ (2,995)$ 10,783$ 2.6% + 15.4%
12/31/2014 Balanced 414,525$ (2,995)$ (5,502)$ -1.3% + 12.4%
11/30/2014 Balanced 423,056$ (2,995)$ 4,975$ 1.2% + 13.9%
10/31/2014 Balanced 421,051$ (2,995)$ 5,198$ 1.3% + 12.6%
9/30/2014 Balanced 418,826$ (2,350)$ (6,551)$ -1.5% + 11.2%
8/31/2014 Balanced 427,761$ (2,100)$ 11,246$ 2.7% + 12.9%
7/31/2014 Balanced 418,589$ (2,350)$ (5,170)$ -1.2% + 10.0%
6/30/2014 Balanced 426,106$ (2,350)$ 6,875$ 1.6% + 11.3%
5/31/2014 Balanced 421,553$ (2,350)$ 5,163$ 1.2% + 9.5%
4/30/2014 Balanced 418,731$ (2,350)$ 9,294$ 2.3% + 8.2%
3/31/2014 Balanced 411,739$ (2,350)$ 5,525$ 1.4% + 5.8%
2/28/2014 Balanced 408,568$ (2,350)$ 13,090$ 3.3% + 4.4%
1/31/2014 Balanced 397,774$ 13,102$ 5,182$ 1.3% + 1.0%
12/31/2013 Balanced 379,516$ 300,000$ (1,142)$ -0.3% - 0.3%
Gains and losses also
expressed in US$
Accounts with similar mandates are grouped into Composites.
3. 3. Asset and Equity Sector Allocation
Broad asset allocation for a client is displayed in a pie chart shown below. We use Bloomberg to “look through” the
underlying investments, so that a bond ETF, for example, is properly recognized as a bond and not a stock. If a fund
has a mix of stocks and bonds, say 50/50, we recognize these weightings in the allocation pie chart.
We capture more granular information in the Equity Sector Walk, underneath the pie chart. The Equity Class is further
divided among the ten equity sectors. Over time, some equity sectors will outperform others. As a result, sectors “drift”
away from their initial weights and alter the portfolio’s risk and return potential, making the Sector Walk a useful tool for
monitoring portfolio risk.
In the Equity Sector
Walk, sectors are
stacked according to risk
as measured by
historical standard
deviation of returns. The
Materials Sector, at the
top, is the most risky
sector. Consumer
Staples, at the bottom of
the chart, is the least risky.
4. Total Return Net of Fees
Total monthly returns and return from
inception, net of all fees and trading
expenses, are displayed in the chart to the
right.
The blue line corresponds to the
Cumulative TWR shown in the Yearly and
Monthly Tables.
The vertical blue bars represent the
monthly returns.
Conclusion
The Successful Portfolios Client Report has evolved over time based on client feedback. Please contact me, Bradley
Norbom, CFA by phone 727-744-3614 or at brad@successfulportfolios.com with any questions, comments or
suggestions.
4. Burns, Charles M. TRUST
Balanced Composite Inception Date: 12/26/2013
D ate
US$ M arket
Value
US$ C ash
D epo sits &
Withdrawals
US$
Gain/ Lo ss
YT D T WR
C umulative
T WR
2/28/2015 425,898$ (5,990)$ 17,284$ + 4.2% + 17.2%
12/31/2014 414,525$ (14,433)$ 49,326$ + 12.8% + 12.4%
12/31/2013 379,516$ 300,000$ (1,142)$ - 0.3% - 0.3%
All performance values are net of all fees.
Returns for 2013 are from the inception date, December 26, 2013.
Historical Equity Sector Walk
Materials 2.9%
Info. Tech. 9.4%
Financials 10.3%
Energy 15.8%
Consmr Discr. 11.0%
Industrials 5.2%
Telecomm. 8.9%
Healthcare 14.5%
Utilities 7.4%
Consmr Stapl. 14.6%
Account Monthly and Cummulative Returns
This report is for informational purposes only. We cannot guarantee that returns and
account values are accurate, though we believe they are. Please see additional disclosures at
the end of this report.
US$ Gain/Loss is estimated using the formula:
US$ Gain/Loss = (US$ Market Value * TWR) / (TWR + 1).
-5%
0%
5%
10%
15%
20%
DEC 2013 DEC 2014
Account: 8
Consmr Stapl.
Utilities
Healthcare
Telecomm.
Industrials
Consmr Discr.
Energy
Financials
Info. Tech.
Materials
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
DEC 2013 JUN 2014 DEC 2014
EQ
42%
FI
56%
Cash
2%
Asset Allocation
Appendix
5. Burns, Charles M. TRUST
Balanced Composite Inception Date: 12/26/2013
Date Composite
US$ Market
Value
US$ Cash
Deposits &
Withdrawals US$ Gain/Loss Monthly TWR
Cumulative
TWR
2/28/2015 Balanced 425,898$ (2,995)$ 6,501$ 1.6% + 17.2%
1/31/2015 Balanced 422,361$ (2,995)$ 10,783$ 2.6% + 15.4%
12/31/2014 Balanced 414,525$ (2,995)$ (5,502)$ -1.3% + 12.4%
11/30/2014 Balanced 423,056$ (2,995)$ 4,975$ 1.2% + 13.9%
10/31/2014 Balanced 421,051$ (2,995)$ 5,198$ 1.3% + 12.6%
9/30/2014 Balanced 418,826$ (2,350)$ (6,551)$ -1.5% + 11.2%
8/31/2014 Balanced 427,761$ (2,100)$ 11,246$ 2.7% + 12.9%
7/31/2014 Balanced 418,589$ (2,350)$ (5,170)$ -1.2% + 10.0%
6/30/2014 Balanced 426,106$ (2,350)$ 6,875$ 1.6% + 11.3%
5/31/2014 Balanced 421,553$ (2,350)$ 5,163$ 1.2% + 9.5%
4/30/2014 Balanced 418,731$ (2,350)$ 9,294$ 2.3% + 8.2%
3/31/2014 Balanced 411,739$ (2,350)$ 5,525$ 1.4% + 5.8%
2/28/2014 Balanced 408,568$ (2,350)$ 13,090$ 3.3% + 4.4%
1/31/2014 Balanced 397,774$ 13,102$ 5,182$ 1.3% + 1.0%
12/31/2013 Balanced 379,516$ 300,000$ (1,142)$ -0.3% - 0.3%
If you have any questions or would like to further review your investment objectives and assigned account composite, please contact us at
(727) 744-3614 or use the secure private chat tool on our website. Upon your request, we are happy to provide you with a copy of Successful
Portfolios Global Investment Performance Standards (GIPS) Report which includes detailed information about our account composites and investment
performance.
Accounts assigned to Successful Portfolios’ Balanced Composite seek a risk and return profile similar to a portfolio invested 50% in the S&P 500 Index and
50% in Barclays Aggregate Bond Index, subject to investor preferences, unique circumstances and risk tolerance. Successful Portfolios is pleased to offer
Finametrica, an award-winning personal risk tolerance assessment tool on our website, SuccessfulPortfolios.com. We encourage you to complete this
educational and revealing personal risk tolerance assessment.
Successful Portfolios claims compliance with the Global Investment Performance Standards (GIPS). GIPS requires investment managers to group accounts
with similar risk and return objectives into “Composites” for purposes of performance measurement and comparison.
Ending Monthly Market Values may differ from those on your brokerage statements due to differences in trade-date vs. settlement-date reporting, and
differences in accounting for dividend and bond interest accruals.
This report provides supplemental account information only. It is not intended to replace your official brokerage custodial statement and it should not be
relied for tax, lending, or accounting purposes.
Time Weighted Return (TWR) is a widely used measure of the compound rate of growth in a portfolio. TWR adjusts for the timing and amount of
deposits and withdrawals on portfolio returns and facilitates comparison of investment manager performance.