What is a Unitized Fund A unitized fund is a type of investment fund structure that uses pooled money to invest with individually reported unit values for investors. Assets in the pool are managed to a specific objective, often with concentration in one stock. Investors are provided with a daily unitized value for their portion of the
Prior to the global financial crisis, most savers had never considered the idea that their money might not be safe in a bank. That might also apply to brokerage accounts, where the system of using nominee accounts should leave client assets untouched in the event of a broker failure. However, some recent broker failures have
Tax is complex enough at the best of times but its intricacies are exacerbated among high earners Taxation is a crucial factor when managing the finances of high-income clients. It is a complicated area, made even trickier by the fact there are many different variables that can affect the amount of tax owed. The standard
Brève synthèse La Forêt Bialowieza est un vaste complexe forestier qui se trouve à la frontière entre la Pologne et le Bélarus. Grâce à plusieurs décennies de protection, la Forêt a survécu dans son état naturel jusqu’à aujourd’hui. Le Parc national Bialowieza, en Pologne, a été inscrit sur la Liste du patrimoine mondial en
Spanish startup Fintonic has closed a €25 million (~$28M) Series B funding round to expand into new markets in Latin America and continue developing the product. Investors in the round include banking and financial services giant the ING Group and insurance group PSN. The personal finance management app is aimed at consumers wanting help managing
Traditional wealth managers have proved themselves to be scalable and profitable businesses despite the hype caused by robo-advice models, analysts say. Wealth managers have also been shown to be more robust than pure asset managers amid mounting pressure on fund performance and fees. While Hargreaves Lansdown and St James’s Place continue to make the headlines
What happens when your insurance company says your fully comprehensive policy suddenly doesn’t cover you? Dean Dunham investigates 08:02, 29 Feb 2016Updated 08:18, 29 Feb 2016 Sometimes a burning engine isn’t covered – apparently(Image: SWNS) I received an email from Mrs Poulton this week about a nightmare her daughter is having with her car insurance.
The term “wealth management” is thrown around plenty, in the boardrooms of private client firms, in trade and mainstream articles and by financial advisors in front of clients. Still, most professionals are hard pressed to actually define the term with any degree of precision. Wealth management is very straightforward. From the affluent individual’s perspective, wealth
It has been a splendid year so far for sports fans. Andy Murray has won Wimbledon, Chris Froome is taking the Tour de France by storm and cricketers Jonathan Trott and Kevin Pietersen are firing on all cylinders in the Ashes series. The year is also turning out extremely well indeed for mortgage brokers throughout
There are four main types of broker – a stock broker, forex broker, full-service broker and discount broker. While they all act as a facilitator between you and another party, they operate differently from each other. Some brokers are ‘execution-only’ brokers, while others execute, offer advice and manage your portfolio. What is a stock broker?