Managing Mutual Funds
|
|
|
- Morris Robinson
- 7 years ago
- Views:
Transcription
1 Managing Mutual Funds Industry Trends and Unclaimed Property Custodial Responsibilities Presented by: Michelle Colbert, Senior Vice President 2013 Xerox Corporation. All rights reserved. Xerox and Xerox and Design are trademarks of Xerox Corporation in the United States and/or other countries.
2 Managing Mutual Funds Industry Trends 2012 Statistics Comparison Global Snapshot Industry Trends Investor: Characteristics Behavior Contact The States Difficulties for States Xerox Mutual Funds Transaction History Processing Recommendations: Receipts Reporting Instructions Transfers Liquidations Maintenance Questions? Today s Topics Addressing Industry Trends and Unclaimed Property Custodial Responsibilities 2 May 2013
3 Industry Trends Managing Mutual Funds 2012 Statistics Comparison Global Snapshot Industry Trends Investor Characteristics Behavior Contact
4 2012 Statistics $14.7 trillion held on behalf of 94 million individuals 54 million households hold mutual funds - 44% of all US households 23% of household investments are mutual funds Source: Investment Company Institute, Washington DC May 2013
5 Comparison Household net investments1 in funds,2 bonds, and stocks Billions of dollars, Net new cash flow and reinvested interest and dividends are included. 2Data for funds include mutual funds, variable annuities, ETFs, and closed-end funds. Source: Investment Company Institute, Washington DC May 2013
6 Global Snapshot 6 May 2013
7 Industry Trends Mutual fund investments are steady Direct investment in bonds and equities is decreasing Shift to retirement/iras Sponsors Steadily increasing number of fund sponsors at 776 Funds Over 16,000 funds collectively traditional mutual funds 602 closed-end 1,200 ETF 5,500 UITs Largest 25 firms manage 73% of the market Source: Investment Company institute, Washington, DC May 2013
8 Investor Characteristics Investor is diversifying more with focus on retirement 94 million individuals 66% have head of household % are Baby Boomers 68% hold more than half of their financial assets in mutual funds 54% bought their first mutual fund before mutual funds is the median owned Internet use 91% have Internet access 93% utilized 81% access financial accounts 21% bought or sold 8 May 2013
9 Investor Behavior Investment is made through: Investment professionals Registered investment advisors Full-service brokers Independent financial planners Employee sponsored plans Fund companies directly Goals: 73% indicate primary goal is retirement 94% for retirement 50% to reduce taxable income 48% saving for emergencies 27% for education Fund supermarket 9 May 2013
10 Investor Contact Half of mutual fund shareholders used an investment professional Source: Investment Company Institute, Washington DC, May 2013
11 The States Managing Mutual Funds Difficulties for States Xerox Mutual Funds Transaction History Processing Recommendations Receipts Reporting Instructions Transfers Liquidations Maintenance
12 Difficulties for States Volume of paper Record keeping Posting of transactions Reconcilement Entitlement calculations Turnaround time to owners 12 May 2013
13 Xerox Mutual Fund Transaction History Tranfers Liquidations Receipts 12,717 9,697 9,957 4,003 6,525 6,300 7,107 3, approximate annual totals 13 May 28, 2013
14 Processing Recommendations - Receipts Detailed reporting instructions Contact State or Custodian Confirmation statement Deposit in current account Cash option Manually Systematically Contact state or custodian Contact custodian 14 May 2013
15 Processing Recommendations - Reporting Instructions Closed End Mutual Fund: Open Ended Mutual Fund: Accounts held for the state of Maine: Katahdin & Co c/o Xerox Business Services, 100 Hancock St, 10th Floor, Quincy MA When funds are registered to MAC & Co, please make sure that interested party statements are sent to : Xerox Business Services 100 Hancock St, 10th Floor, Quincy MA Attn Mutual Fund Operations *Please note: Please pay all dividends earned on DRP accounts as cash Do not reinvest. Accounts held for the state of Maine: MAC & Co. State of Maine-Account AUZFXXXXXXX Mutual Fund Operation PO Box 3198 Pittsburgh, PA Account # AUZFXXXXX FEIN Xerox Business Services will provide account numbers for all mutual funds that will be transferred to the state s account. Please contact Vilka Markovich at to obtain account numbers 48 hours prior to attempting delivery. If the fund chooses to establish new account numbers and register mutual funds as indicated below, please provide a detailed list 48 hours in advance to upch.custody@xerox.com. This list should contain cusip number, name of the fund, share amount and the account number at the fund. *Please note: Please pay all dividends earned on DRP accounts as cash Do not reinvest. A detailed list, including CUSIP numbers, number of shares, issue names, DTC participant numbers and date of deposit/transfer MUST be faxed to Xerox Business Services at , Attn: Custody Department at least 2 days prior to deposit\transfer. Remember to include a copy of the detailed list with the holder report filed with the State Treasurer. For more information, please call Xerox Business Services State Client Liaison at May 2013
16 Processing Recommendations - Transfers Send W-9 s in claim package Obtain from claimant Offer liquidation option to claimant Manually Systematically Calculate current entitlement Multiple resources Maintain WIP and copies of all requests Follow up in 30 business days Reconcile at least twice per year Custodian calculates entitlement Review weekly WIP Follow up in 14 days Require custodian reconcile 16 May 2013
17 Processing Recommendations - Liquidations Manually Systematically Calculate entitlement Send letter with total to be sold Check receipt and deposit Update database immediately Custodian calculates entitlement Initiate sale Report of completed transactions/funds Update database immediately 17 May 2013
18 Processing Recommendations - Maintenance Reconciling the Portfolio: Daily or weekly updates from transaction reports At least annual account reconcilements Resources: Yahoo Finance Statements Fund companies 18 May 2013
19 Questions Managing Mutual Funds
20
Best Practices for Securities Receipt and Maintenance
Best Practices for Securities Receipt and Maintenance Michelle Colbert, Senior Vice President, Xerox State & Local Solutions John DeMarco, Managing Director, Kelmar Associates, LLC Vilka Markovich, Assistant
Investment Company Institute Research In Brief
Fundamentals Investment Company Institute Research In Brief Vol. 9 / No. July 000 0 H Street, NW Suite 00 Washington, DC 0005 0/6-5800 www.ici.org Mutual Fund Shareholders Use of the Internet M utual fund
Mutual Funds Made Simple. Brighten your future with investments
Mutual Funds Made Simple Brighten your future with investments About Invesco Aim When it comes to investing, your sights are set on a financial summit a college diploma, new home or secure retirement.
Chapter 2 Characteristics of Investment Companies
Chapter 2 Characteristics of Investment Companies Abstract Chapter 2 provides a brief overview of five types of investment companies: open-end funds, closed-end funds, unit investment trusts, exchange-traded
Frequently Asked Questions & Answers about the Stock Split
Frequently Asked Questions & Answers about the Stock Split This information is intended to answer questions you may have about our recently announced stock split. On June 25, 2015, The Kroger Co. s board
Unit Investment Trusts
a guide to Unit Investment Trusts A unit investment trust (UIT) is a registered investment company that buys and holds a generally fixed portfolio of stocks, bonds, or other securities. Table of Contents
Closed-End Funds. A closed-end fund is a type of investment company. whose shares are listed on a stock exchange
a guide to Closed-End Funds A closed-end fund is a type of investment company whose shares are listed on a stock exchange or are traded in the over-the-counter market. Contents What Is a Closed-End Fund?...2
INVESTMENT COMPANY INSTITUTE RESEARCH IN BRIEF
Fundamentals INVESTMENT COMPANY INSTITUTE RESEARCH IN BRIEF Vol. 9 / No. 6 November 000 40 H Street, NW Suite 00 Washington, DC 0005 0/6-5800 www.ici.org Copyright 000 by the Investment Company Institute
NATIONAL FINANCIAL SERVICES LLC
NATIONAL FINANCIAL SERVICES LLC A Guide to Your Brokerage Account Portions 2008 FMR LLC. All rights reserved. Reprinted by permission. National Financial Services LLC, Member NYSE, SIPC 491662 06-08 1.862411.100
Vaughan Asset Allocation Investment Program
12/31/2015 Investment Advisors To Multigenerational Investors Member FINRA & SIPC 1 A Separately Managed Account Description: The invests in various asset class securities, commonly Exchange Traded Funds
Balanced fund: A mutual fund with a mix of stocks and bonds. It offers safety of principal, regular income and modest growth.
Wealth for Life Glossary Aggressive growth fund: A mutual fund that aims for the highest capital gains. They often invest in smaller emerging companies that offer maximum growth potential. Adjustable Rate
Chapter 17. Financial Management and Institutions
Chapter 17 Financial Management and Institutions 1 2 3 4 Identify the functions performed by a firm s financial managers. Describe the characteristics and functions of money. Identify the various measures
Saving and Investing. Being an educated investor will help enable you to become financially sound. Chapters 30 and 31
Saving and Investing Being an educated investor will help enable you to become financially sound Chapters 30 and 31 Essential Questions How do you know when to save and when to invest? What are some reasons
ICI RESEARCH PERSPECTIVE
ICI RESEARCH PERSPECTIVE 1401 H STREET, NW, SUITE 1200 WASHINGTON, DC 20005 202-326-5800 WWW.ICI.ORG NOVEMBER 2015 VOL. 21, NO. 6 WHAT S INSIDE 2 U.S. Household Ownership of Mutual Funds in 2015 2 Most
Client Education. Learn About Exchange-Traded Funds
Client Education Learn About Exchange-Traded Funds 2 What is an ETF? 6 How do ETFs work? 12 How do ETFs compare with other investments? 2 Exchange-traded funds, or ETFs, are attracting more and more attention
JA Take Stock In Your Future Session Two
JA Take Stock In Your Future Session Two Objectives You will be able to: Identify pieces of information from a stock table (Section 2); Use that information to distinguish if the stock would be a suitable
Learn about exchange-traded funds. Investor education
Learn about exchange-traded funds Investor education Become a more knowledgeable exchange-traded funds investor In this education guide, you ll get answers to common questions about exchange-traded funds,
A Winning Relationship. You, Your Advisor, and Schwab Advisor Services. For Clients of Independent Investment Advisors
A Winning Relationship You, Your Advisor, and Schwab Advisor Services For Clients of Independent Investment Advisors Your advisor s expertise and Schwab s custody services come together to help protect
Redemption of Shares Class A Sales Charge Waivers beginning on page 37 of the Fund s Statement of Additional Information.
USA Mutuals Barrier Fund Trading Symbols: Institutional Class Shares VICVX Investor Class Shares VICEX Class A Shares VICAX Class C Shares VICCX Summary Prospectus July 29, 2015 Before you invest, you
586475 (Rev 03) Cash Sweep Program Disclosure Statement
586475 (Rev 03) Cash Sweep Program Disclosure Statement Cash Sweep Program Disclosure Statement Summary Please consult the full text of the disclosure statement below for further information at the pages
Edward Jones Money Market Fund
Edward Jones Money Market Fund S U M M A R Y P R O S P E C T U S April 30, 2015 INVESTMENT SHARES (TICKER JNSXX) RETIREMENT SHARES (TICKER JRSXX) Before you invest, you may want to review the Fund s Prospectus,
Federated Mid-Cap Index Fund
Summary Prospectus December 31, 2015 Share Class Institutional Service Ticker FMCRX FMDCX Federated Mid-Cap Index Fund A Portfolio of Federated Index Trust Before you invest, you may want to review the
Understanding Mutual Funds
Understanding Mutual Funds 1) Mutual Fund Definition A mutual fund is a company that pools investors' money and invests on behalf of the investors. You can think of a mutual fund as a company that raises
US Mutual Funds Recent Trends and Developments
US Mutual Funds Recent Trends and Developments Susan Olson Senior Counsel International Affairs Investment Company Institute May 18, 2011 6th ANBIMA Investment Funds Congress US Registered Investment Company
>Most investors spend the majority of their time thinking and planning
Generating Retirement Income using a Systematic Withdrawal Plan SPECIAL REPORT >Most investors spend the majority of their time thinking and planning around how best to save for retirement. But once you
Federated Max-Cap Index Fund
Summary Prospectus December 31, 2015 Share Class C R Institutional Service Ticker MXCCX FMXKX FISPX FMXSX Federated Max-Cap Index Fund A Portfolio of Federated Index Trust Before you invest, you may want
Vanguard Financial Plan Brochure
Vanguard Financial Plan Brochure June 21, 2013 Vanguard Advisers, Inc. 100 Vanguard Blvd., Malvern, PA 19355 800-337-6241 vanguard.com This brochure provides information about the qualifications and business
A GUIDE TO MUTUAL FUND INVESTING
Many investors turn to mutual funds to meet their long-term financial goals. They offer the benefits of diversification and professional management and are seen as an easy and efficient way to invest.
Vanguard Brokerage Services commission and fee schedules
Vanguard Brokerage Services commission and fee schedules Effective January 2015 Stock and exchange-traded fund (ETF) commissions Assets invested in Vanguard funds and Vanguard ETFs Vanguard ETFs 1 Stocks
Research Update on Mutual Funds and Shareholder Sentiment
Research Update on Mutual Funds and Shareholder Sentiment Investment Company Directors Conference November 12, 2009 Amelia Island, FL Brian Reid Chief Economist Overview Asset appreciation has lifted U.S.-registered
COCA-COLA ENTERPRISES, INC. DIVIDEND REINVESTMENT AND CASH INVESTMENT PLAN
COCA-COLA ENTERPRISES, INC. DIVIDEND REINVESTMENT AND CASH INVESTMENT PLAN TABLE OF CONTENTS Principal Features of the Plan 1 How to Enroll in the Plan 1 How to Complete the Enrollment Authorization Form
NATIONAL FINANCIAL SERVICES LLC
NATIONAL FINANCIAL SERVICES LLC A GUIDE TO YOUR BROKERAGE ACCOUNT As part of our effort to provide you with quality service, our broker/dealer has an agreement with National Financial Services LLC in which
FRIEDLAND CAPITAL INC. GUIDE TO AMERICAN DEPOSITARY RECEIPTS
FRIEDLAND CAPITAL INC. GUIDE TO AMERICAN DEPOSITARY RECEIPTS With global economies increasingly intertwined, it shouldn t come as a surprise that large numbers of non-us corporations have sought access
Vanguard Brokerage Services commission and fee schedules
Vanguard Brokerage Services commission and fee schedules Effective January 2015 Stock and exchange-traded fund (ETF) commissions Assets invested in Vanguard funds and Vanguard ETFs Vanguard ETFs 1 Stocks
Unclaimed Property Relating to Brokers and Dealers
Unclaimed Property Relating to Brokers and Dealers The following information corresponds to Article V-A of New York s Abandoned Property Law. For more information, refer to Article V-A of the statute.
Bank Products What s Insured and What s Not
Bank Products Bank Products What s Insured and What s Not In their search for higher returns, many cus-tomers of banks and credit unions are look-ing beyond traditional savings accounts to investment products
Mutual Fund Expenses and Fees
CHAPTER FIVE Mutual Fund Expenses and Fees Mutual funds provide investors with many investment-related services, and for those services investors incur two primary types of expenses and fees: ongoing expenses
Investment Companies
Mutual Funds Mutual Funds Investment companies Financial intermediaries that collect funds form individual investors and invest those funds in a potentially wide rande of securities or other asstes Polling
Custom Wealth Manager Wrap Fee Program Brochure
Custom Wealth Manager Wrap Fee Program Brochure March 30, 2016 Lincoln Financial Securities Corporation 1300 South Clinton St., Suite 150 Fort Wayne, IN 46802 (800) 258-3648 www.lfsecurities.com This wrap
Federated Total Return Government Bond Fund
Summary Prospectus April 30, 2016 Share Class Institutional Service Ticker FTRGX FTGSX Federated Total Return Government Bond Fund Before you invest, you may want to review the Fund s Prospectus, which
What is the history and global performance of ETFS? What are ETFs? Assets Under Management (AUM) of ETFs: 2001 Q12013
What is the history and global performance of ETFS? Exchange Traded Funds debuted in 1993 when State Street launched the SPDR S&P 500, an equity index fund tracking the S&P 500. Shortly after, ETFs gained
Redemption of Shares Class A Sales Charge Waivers beginning on page 37 of the Fund s Statement of Additional Information.
USA Mutuals Takeover Targets Fund Trading Symbols: Institutional Class Shares (TOTIX) Investor Class Shares (TOTNX) Class A Shares (TOTAX) Class C Shares (TOTCX) Summary Prospectus July 29, 2015 Before
Achieving Tax Efficiency with Alterna4ves
Achieving Tax Efficiency with Alterna4ves MODERATOR Michael Zmistowski President Financial Planning Association of Florida PANELISTS David Garff, CIMA President Accuvest Global Advisors Kevin Sullivan
Sponsored By: ValMark Advisers, Inc. 130 Springside Drive, Suite 300 Akron, Ohio 44333-2431 www.valmarksecurities.com
Wrap Fee Program Disclosure Document to be presented with ValMark Advisers, Inc. ADV Part 2A Sponsored By: ValMark Advisers, Inc. 130 Springside Drive, Suite 300 Akron, Ohio 44333-2431 www.valmarksecurities.com
1 Regional Bank Regional banks specialize in consumer and commercial products within one region of a country, such as a state or within a group of states. A regional bank is smaller than a bank that operates
Understanding Managed Funds
... Understanding Managed Funds Contact us If you would like to know more about how AMP Capital can help you, please visit ampcapital.com.au, or contact one of the following: Financial Planners Personal
Moller Financial Services
One Northfield Plaza, Suite 200 Northfield, Illinois 60093 847-441-7575 www.mollerfinancial.com December 31, 2014 This Brochure provides information about the qualifications and business practices of.
Robert W. Baird & Co. Incorporated Cash Sweep Program
Robert W. Baird & Co. Incorporated Cash Sweep Program Summary Fact Sheet Introduction Robert W. Baird & Co. Incorporated ( Baird ) maintains a Cash Sweep Program that offers different ways for clients
USING AEGIS vs INVESTING DIRECTLY WHAT ARE THE BENEFITS?
WHAT IS AEGIS? Commonly referred to as a custodial wrap account or investment platform, the Aegis service is an electronic investment administration service that is available through selected investment
Comments from a corporate plan sponsor with approximately $5 billion in DC assets as of 9/30/14
Comments from a corporate plan sponsor with approximately $5 billion in DC assets as of 9/30/14 Our defined contribution 401(k) plan contains a core investment menu of ten options. The options include
STARTING A FUND MUTUAL FUNDS FUNDS SOLD ON INSURANCE PLATFORMS EXCHANGE-TRADED FUNDS
STARTING A FUND MUTUAL FUNDS FUNDS SOLD ON INSURANCE PLATFORMS EXCHANGE-TRADED FUNDS P O O L E D I N V E S T M E N T S O L U T I O N S 6775-GFS-4/13/2016 TABLE OF CONTENTS MUTUAL FUNDS...................................................................................
Investment Company Institute and the Securities Industry Association. Equity Ownership
Investment Company Institute and the Securities Industry Association Equity Ownership in America, 2005 Investment Company Institute and the Securities Industry Association Equity Ownership in America,
Sponsored By: ValMark Advisers, Inc. 130 Springside Drive, Suite 300 Akron, Ohio 44333-2431 www.valmarksecurities.com
ACCESS PLUS Wrap Fee Program Disclosure Document to be presented with ValMark Advisers, Inc. ADV Part 2A Sponsored By: ValMark Advisers, Inc. 130 Springside Drive, Suite 300 Akron, Ohio 44333-2431 www.valmarksecurities.com
Putnam Stable Value Fund
Putnam Stable Value Fund Offering Statement 3 15 16 Goal 2 What is Putnam Stable Value Fund? 2 Investment strategy 2 Risks of the Fund 5 Eligibility 6 Fund provisions 7 Fees and Expenses 9 Putnam Fiduciary
Federated Government Cash Series
Summary Prospectus July 31, 2014 Ticker CTGXX Federated Government Cash Series A Portfolio of Cash Trust Series, Inc. Before you invest, you may want to review the Fund s Prospectus, which contains more
WHAT ARE MUTUAL FUNDS?
MUTUAL FUNDS ASSOCIATION OF PAKISTAN WHAT ARE MUTUAL FUNDS? Mutual Funds Association of Pakistan is the trade body duly licensed by the Government of Pakistan for the mutual fund industry in Pakistan.
Bond Mutual Funds. a guide to. A bond mutual fund is an investment company. that pools money from shareholders and invests
a guide to Bond Mutual Funds A bond mutual fund is an investment company that pools money from shareholders and invests primarily in a diversified portfolio of bonds. Table of Contents What Is a Bond?...
Federated High Income Bond Fund II
Summary Prospectus April 30, 2016 Share Class Primary Federated High Income Bond Fund II A Portfolio of Federated Insurance Series Before you invest, you may want to review the Fund s Prospectus, which
Merrill Lynch Personal Advisor Progra Client Agreement Mutual Fund Investing at Merrill Lynch. A Client Disclosure Pamphlet May 2016
Merrill Lynch Personal Advisor Progra Client Agreement Mutual Fund Investing at Merrill Lynch A Client Disclosure Pamphlet May 2016 Merrill Lynch, Pierce, Fenner & Smith Incorporated One Bryant Park New
Unison Advisors LLC. The date of this brochure is March 29, 2012.
Unison Advisors LLC 2032 Belmont Road NW, #619 Washington, DC 20009 T 646 290 7697 F 646 290 5477 www.unisonadvisors.com The date of this brochure is March 29, 2012. This brochure provides information
The Young Investor s Guide To Understanding The Terms Used In Investing.
The Young Investor s Guide To Understanding The Terms Used In Investing. The Young Investor Dictionary compliments of Integrity Mutual Funds. YOUNG INVESTOR DICTIONARY Asset Something of value. The property
Lecture Notes on MONEY, BANKING, AND FINANCIAL MARKETS. Peter N. Ireland Department of Economics Boston College. irelandp@bc.edu
Lecture Notes on MONEY, BANKING, AND FINANCIAL MARKETS Peter N. Ireland Department of Economics Boston College irelandp@bc.edu http://www2.bc.edu/~irelandp/ec261.html Chapter 2: An Overview of the Financial
Templeton Institutional Funds
Prospectus May 1, 2016 Templeton Institutional Funds The U.S. Securities and Exchange Commission (SEC) has not approved or disapproved these securities or passed upon the adequacy of this prospectus. Any
Income Measurement and Profitability Analysis
PROFITABILITY ANALYSIS The following financial statements for Spencer Company will be used to demonstrate the calculation of the various ratios in profitability analysis. Spencer Company Comparative Balance
2014 Investment Company Fact Book
2014 Investment Company Fact Book A Review of Trends and Activities in the U.S. Investment Company Industry 54th edition WWW.ICIFACTBOOK.ORG 2013 Facts at a Glance Total worldwide assets invested in mutual
Schwab Personal Choice Retirement Account (PCRA)
Schwab Personal Choice Retirement Account (PCRA) Savings Plus offers a self-directed brokerage account option for investors who may want to direct investments to a wider variety of options other than those
ICI RESEARCH PERSPECTIVE
ICI RESEARCH PERSPECTIVE 1401 H STREET, NW, SUITE 1200 WASHINGTON, DC 20005 202-326-5800 WWW.ICI.ORG APRIL 2016 VOL. 22, NO. 2 WHAT S INSIDE 2 What Is a Closed-End Fund? 2 Closed-End Fund Pricing 3 Assets
Research fundamentals
Research fundamentals 1401 H Street, NW, Suite 1200 Washington, DC 20005 202/326-5800 www.ici.org April 2010 Vol. 19, No. 2 Trends in the Fees and Expenses of Mutual Funds, 2009 Key Findings On average,
Allianz Family of Funds
00107880 Allianz Family of Funds 2013 Mutual Fund Tax Guide Allianz Family of Funds 2013 Mutual Fund Tax Guide Dear Shareholder: Dear Shareholder: This guide contains general tax information regarding
FAQs:Conversion from ADSs to Shares 15 May 2012
FAQs:Conversion from ADSs to Shares 15 May 2012 General Why is the conversion from ADSs to Ordinary Shares important? Ensco has agreed to terminate its American Depositary Share (ADS) facility and convert
AMERIPRISE NATIONAL TRUST BANK COMPREHENSIVE DISCLOSURES
This disclosure document provides important information and disclosures applicable to Ameriprise National Trust Bank ( ANTB ) personal trust accounts, including costs, compensation and the bank s affiliated
Investment Advisory Disclosure Brochure
ADV Part 2A Appendix 1 211 E. High Street, Pottstown, PA 19464 610.323.5860 800.266.6532 www.mlfa.com Investment Advisory Disclosure Brochure March 25, 2013 This wrap fee program brochure provides information
In a two-for-one stock split, shareholders receive one additional share of stock for every one share they own.
What is a two-for-one stock split? In a two-for-one stock split, shareholders receive one additional share of stock for every one share they own. How does a two-for-one stock split work? A two-for-one
Athens University of Economics and Business
Athens University of Economics and Business MSc in International Shipping, Finance and Management Corporate Finance George Leledakis An Overview of Corporate Financing Topics Covered Corporate Structure
Shares Mutual funds Structured bonds Bonds Cash money, deposits
FINANCIAL INSTRUMENTS AND RELATED RISKS This description of investment risks is intended for you. The professionals of AB bank Finasta have strived to understandably introduce you the main financial instruments
We hope you find this Investor Handbook helpful, and look forward to serving your investment needs in the years to come.
Investor Handbook We hope you find this Investor Handbook helpful, and look forward to serving your investment needs in the years to come. C Not FDIC Insured May Lose Value No Bank Guarantee Investor Handbook
UNDERSTANDING CLOSED-END FUNDS
Lessons in Investing for Income UNDERSTANDING CLOSED-END FUNDS Income is one of investors most common goals but one not easily achieved, especially in today s low-yielding environment. That s why investors
The Texas Municipal Retirement System
The Texas Municipal Retirement System (TMRS) Understanding Benefits, Funding, and Economic Impact TMRS provides valuable benefits that help cities attract and retain quality employees. It is important
Computershare Investment Plan
Genuine Parts Company Common Stock Computershare Investment Plan A Dividend Reinvestment Plan for registered shareholders This plan is sponsored and administered by Computershare Trust Company, N.A. Not
Fixed Index Annuities
Fixed Index Annuities I Annuities Sales Tool Series Fixed Index Annuities Innovative Retirement Planning Alternative 143731 11/26/12 For Producer/Agent Information Only. Not to be Reproduced or Shown to
200 Constitution Avenue N.W. 200 Constitution Avenue, N.W., Suite 400 Washington, DC 20210 Washington, DC 20210
Email: e-ori@dol.gov; e-oed@dol.gov Office of Regulations and Interpretations Office of Exemption Determinations Employee Benefits Security Administration Employee Benefits Security Administration Room
Financial Planning Basics Financial Planning Fundamentals
Financial Planning Basics Financial Planning Fundamentals An Overview of the Financial Planning Process The Ground to Cover Setting goals Budgeting Emergency fund Insurance Using credit Investing Tax planning
Federated Municipal Obligations Fund
Summary Prospectus June 2, 2015 Share Class Cash Series Ticker MFSXX Federated Municipal Obligations Fund A Portfolio of Money Market Obligations Trust Before you invest, you may want to review the Fund
Mutual Funds and Other Investment Companies
Mutual Funds and Other Investment Companies Investment Companies Pool funds of individual investors and invest in a wide range of securities or other assets. pooling of assets Provide several functions
SPDR Wells Fargo Preferred Stock ETF
SPDR Wells Fargo Preferred Stock ETF Summary Prospectus-October 31, 2015 PSK (NYSE Ticker) Before you invest in the SPDR Wells Fargo Preferred Stock ETF (the Fund ), you may want to review the Fund's prospectus
Sample Investment Policy. Introduction
Sample Investment Policy Introduction This statement of investment policy was adopted by the Board of Directors of Organization Name on Date, to provide for the creation of, and guidelines for the management
Pros and Cons of Different Investment Options
Pros and Cons of Different Investment Options In 2016, new legislation called CRM2 will come to Canada. Once enacted, all financial institutions in Canada will be required to disclose all investment management
EMPLOYEE STOCK PURCHASE PROGRAM Offered by Computershare Trust Company, N.A.
EMPLOYEE STOCK PURCHASE PROGRAM Offered by Computershare Trust Company, N.A. Effective date: 6/1/99 Updated: 5/12/09 Employee questions: Submit a question or request to HR Connections To enroll: estream>quick
Glossary of Mutual Fund and Other Related Financial Terms
Glossary of Mutual Fund and Other Related Financial Terms adviser. An organization employed by a mutual fund to give professional advice on the fund s investments and asset management practices. Also known
Self-Direct Brokerage
Self-Direct Brokerage sdb Direct Advantage sdb Advisor Advantage Your employer is pleased to offer the Self-Direct Brokerage (sdb) service. An sdb account gives you more flexibility in managing your retirement
Investments 11 - Final Investment Plan Questions & Answers
Personal Finance: Another Perspective Investments 11 - Final Investment Plan Questions & Answers Updated 2013-11-04 11 Questions 1. How do I set up an investment account? 2. What is the difference between
National Financial Services LLC. A guide to your brokerage account
National Financial Services LLC A guide to your brokerage account Quality service for your account As part of our effort to provide you with quality service, our broker-dealer has an agreement with National
Mutual Funds in Pakistan
Mutual Funds in Pakistan Investors Education Seminar arranged by SECP and ICAP held on 29th January 2015 Presented By First Capital Investments Limited Definition of Mutual Fund A mutual fund is a collective
ishares Product Overview Q2 2015
ishares Product Overview Q2 2015 About BlackRock BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At September 30, 2015,
Client Relationship Document
Client Relationship Document What is the purpose of this document? The Canadian Securities Administrators, who govern our registration, require that we deliver to each of our existing and potential clients
Series of Shares B, B-6, E, F, F-6, O B, E, F, O O A, B
No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. The Funds and their securities offered under this Annual Information Form are
Investment Advisory Agreement. Advantage Portfolio Management Program
Investment Advisory Agreement Advantage Portfolio Management Program Dear Sirs/Madams: This Investment Advisory Agreement confirms our agreement as to the following: CLIENT NAME(s): ( Client ) ACCOUNT
Introduction To Financial Markets & Investing
Introduction To Financial Markets & Investing Matthew Lawson, M.D. Getting Started A true story Internal Medicine Intern Recently married Husband has Financial Planner assigned through his employer Neither
Ameriprise Managed Accounts and Financial Planning Service
Ameriprise Managed Accounts and Financial Planning Service Client Disclosure Brochure (Wrap Fee Program) (Part 2A Appendix 1 of Form ADV) This wrap fee program brochure provides clients with information
Section 1042: A tax deferred sale to an ESOP
Section 1042: A tax deferred sale to an ESOP Nick J. Francia Christopher T. Horner Thomas Roback, CEP, QKA UBS Financial Services Dickinson Wright Blue Ridge ESOP Associates The Capital ESOP Group Attorney