Legal & General Investment Management is a company that is concerned with the provision of services, especially in the management of fixed income and liability driven investment solutions. Moreover, it offers the clients with strategies meant to help them meet their investment objectives. It is one of the largest asset managers in Europe and this has contributed a lot to its popularity across the globe. Over the years, the company has assured the clients of reliable and quality services when it comes to financial management matters.
This article will highlight the background information on the Legal & General Investment Management.
Background information about Legal & General Investment Management
This company was founded in the year 1836 and it has developed over the years through absorbing and partnering with other companies. Moreover, the company has the required staff full of expertise when it comes to the financial management. This has placed the company as one of the best asset managers across the globe. The two elements that have seen the success of Legal & General Investment Management include product innovation and the strife to facilitate client service.
When it comes to meeting the needs of the clients, the company is at the forefront in providing client-focused solutions. In addition, this has been a success through the existence of the experienced and well-informed team of staff members. The company focuses on helping the clients overcome the risks and challenges that they face, especially financially. When it comes to providing quality products and services, the company looks out for highly skilled personnel in order to make it a success. The team is up to the task and they are driven by the clients’ objectives, which require clear understanding in order to provide investment solutions.
Additional information on the company
LGIM has been reported as one of Europe’s leading asset managers and they are known to offer clients with investment solutions. They critically analyze their clients’ financial goals and objectives in order to determine the long-term and sustainable investment solutions for them. Moreover, LGIM has a wide selection of services, such as bonds, equities, property and much more.
LGIM also offers an opportunity for their clients to invest in their children. This is through the introduction of the Junior ISA that gives a child a financial head start in life. Furthermore, there are other ways through which one can make an investment. They include unit trusts, investment bonds. Stocks and shares ISAs and much more.
Conclusion on LGIM
If one is after starting an investment or growing his/her portfolio, then it is a good move to seek the services of LGIM because they are good at it. This company will assure one of success when it comes to the investment opportunities and it has made its clients successful in life. In conclusion, the Legal & General is a company that can be greatly relied upon across the globe. Moreover, it is worthy to deal with a company that is trustworthy in order to enjoy the benefits it offers.
The top wealth management firms have a lot to offer to their customers when it comes offering financial services. These firms are known to offer reliable services and this brought up the idea of ranking the firms. When it comes to ranking the wealth management firms, there are certain factors that are taken into consideration. The factors of consideration include the assets under management, number of years in business, number of trained and certified staff and the past five years of annualized growth.
This article will give a list of the top wealth management firms and focus on the various services that each of them offers.
A ranking of the top wealth management firms
This ranking mainly relied on the assets that were under management in order to come up with the list of the firms. This means that a firm with the greater assets under management took the top position, and the same was followed until the ranking was completely done. Moreover, the ranking made sure that the contact information, location and average size of the account were indicated as well. At the top position is Creative Planning. This firm has the highest number of assets that are under management. Moreover, it has an account size that amounts to about $10 billion.
Halbert Hargrove comes in the second position with an account size of $4 billion. On third position is Wescott Financial Advisory Group. This firm has an account size of $2 billion. It is followed by Hard Money LLC with an account size of $500 million. When it comes to this form of ranking, there are many firms that have been left out. This is as a result of raising complaints and they had to be chucked off. However, there is another ranking that has been done, but it is not based on the assets under management.
Ranking of the wealth management firms based on profits
In this list of the top wealth management firms, the ranking is based on the amount of pre-tax profit. At the top position, is the UBS, according to the list created back in 2011. When it comes to the amount of pre-tax profit, it has an amount of $2.9 billion and this was generated from the wealth management activities. There have been many controversies, especially in the ranking of UBS at the top because there have been reports on its aggressive costs in the recent years.
49% of the UBS wealth management assets comes from the clients in the western hemisphere, 9% come from Swiss clients and 22% from Europeans.
Details of the Bank of America
The history of the Bank of America shows that it is the parent company of Merrill Lynch. It has reported pre-tax profits amounting to $2.6 billion and this makes up the 16% of its total profits. In conclusion, some people may have varying ideas when it comes to ranking the top wealth management firms. Above all, different authors and scholars may have different ideas on what to use as a basis for categorization.
Many people have the idea that money managers are similar to financial advisors and money advisors, thus they always end up using the terms interchangeably. However, there is a slight difference that distinguishes these terms from each other. This calls for the need to have the information on what money managers are all about, especially while focusing on the functions they carry out.
From a general understanding, money managers are entitled with the task of providing advice on financial matters. They include financial decisions, financial planning, retirement and tax preparation.
How to land on the best money managers
In order for one to qualify as a good money manager, one has to ensure that he/she observes certain features that will be prove him/her to be a professional. As stated earlier, money managers offer financial advice on different financial issues, thus in order to make it a success, they are supposed to have a clear understanding of their client’s personal financial situation and goals. With this in place, the managers will find it easy to give their clients the appropriate recommendations. Based on the principles that they have to stick, one of them is that they should never exercise biasness when offering their services. This can be influenced by the personal preferences they have towards stocks, insurance and much more.
The previous demands that the money managers should portray transparency in their work and avoid favors on certain elements. Many have had the question on when is the right time to seek the services of money managers. In most cases, it is recommendable to seek their help when one earns a significant income that requires expertise in order to manage it. A financial manager has to have a closer relationship with his/her clients in order to explain to them their financial situations.
Additional details on these professionals
In addition to explaining to clients, their financial situations, they have to make it clear to them on their risk tolerance. This will be helpful when it comes to making investments. In order to be a good money manager, one has to first have the academic qualifications that entail a bachelor’s degree. Moreover, one has to have experience, because this is a reflection of what one has achieved career-wise.
Money managers do not only have to work with financial institutions, but instead they can open up their own firms to offer financial advice to clients.
Conclusion on money managers
On the other hand, money managers can join various sites that help them in selling their services. This is very easy because one will not have to move from place to place in search of clients. Some of them get earnings based on the commission. This can be done with respect to the number of transactions that they undertake. On the contrast, some of them are paid based on the percentage of assets that are under management. This ensures that the manager and client are working at par, thus both of their interests are looked into.
Financial management is a wide field that specializes in the financial operations of an institution. In addition, it involves managing the finances of an organization. This is an important section in any organization or company as it ensures that the embezzlement of funds is minimized if not avoided. On the other hand, if an organization has a poor financial management system, then there are problems associated with it, such as overhead costs, which in most cases forces the organization to turn to much borrowing. Too much borrowing means that the company will be in too much debt.
Facts on financial management
In a deeper meaning, financial management refers to planning, organizing, directing and controlling the financial activities of an organization. This wide section can be divided into sub-categories that major on the main principles of the organization. Basically, these are the functions that the financial management system is set out to achieve. It covers up investment decisions, financial decisions and dividend decisions. When it comes to financial decisions, a lot of expertise and skills have to be exercised. This is because this is the channel through investors will be attracted to invest in the company. At the same time it looks up for investments in both the fixed and current assets of the company.
Under financial decisions, financial matters are of great concern. It looks into the sources of capital for the company that are greatly influenced by various elements, such as the period and the cost of financing. The third category entails the dividend decisions that focus on the net profit distribution. Part of the dividends are divided among shareholders, while another section has to be retained in the company. With all these functions, this clearly shows that if the company has a poor financial management, then the company will not run its operations as expected.
Additional information on this career
Financial management has been a great career and it has gained fame over the years. Many students have ventured into this career because of its great demand in all organizations. Moreover, it meets the following objectives to facilitate the proper running of the company. It ensures that there is an adequate and regular supply of finances to the areas of concern. Secondly, it ensures safety on investment in that it ensures that the investments of the company are made in areas that will be of great returns in order to make profits.
In addition, the system ensures that the funds are utilized optimally in order to reap the maximum profits possible. It beats logic to leave the funds idle, yet they can be utilized for the better good.
Conclusion on financial management
Financial management is a good career, but at the same it calls for a lot of skills. This means that one has to attain academic qualification in order to find this field enjoyable and manageable to work around. There are different institutions that offer this career’s certification, but one has to ensure that the certification is legalized.