...maintain a competitive market position within its business segments. The three segments MS primarily positions itself in are the following: Institutional Securities, Global Wealth Management Group, and Asset Management. MS provides these services to a wide and varying client base consisting of governments, individuals, and almost everything in between. (p 50) * Was that description of business in line with what you thought the company’s main business was before reading the MD&A? Yes, it was in line with what I thought MS, and their subsidiaries business interests were involved with. I was however unaware that the Global Wealth Management Group position of MS made up 65% of the company’s operating interest. * List five positive events (outcomes) mentioned in the MD&A. What is the source of/reasons for these positive things? Were those things good/positive due to management’s effort or due to external factors? In other words, who should/did take credit for these good things? 1. Morgan Stanley’s DVA income increased from 2011 to 2012 by $721 million. This can be considered a positive event because the decrease in the company’s liabilities is in a sense, a source of profit. (p 58) 2. Global Wealth Management Group reported an increase in EBIT of $345 million. (p 59) 3. Asset Management reported an increase in EBIT from the previous year of $337 million (p 59) 4. MS reported an income of $152 million for 2012 in comparison to a $783 million loss in...
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...definition of the confidentiality. Wikipedia, encylopedia states confidentiality as follows, “Confidentiality has been defined by the International organisation for standardization (ISO) as ensuring that information is accessible only to those authorized to have access” The organisation is legally responsible to collect, manage, use and disclose personal information and to comply with legislative requirements, for instance Data Protection Act 1988, Common Law rules and the organisation’s rules of Ethical Conduct. According to Data Protection Act 1988, any personal data collected in the course of business activities will be treated in accordance with that Act. In an organisation, human resource department holds the information of the employees. The importance of confidentiality procedures which should be followed by a human resource manager will be evaluated. When dealing with some of the areas, for instance, Personnel Records/Files, Credit and Financial Information, Education Information and Wire, Oral and Electronic Communications, there are effects with regard to an employee’s privacy. Staff members must not disclose personal or other information unnecessarily. Protection of confidentiality includes ensuring files and work areas are organised so that information is not inadvertently disclosed. It is a duty of a human resource manager to...
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...1 My humanly generated summary 6 8.2 Tools 4 noobs generated summary 6 8.3 The word cloud 8 8.4 The 140 character summary 8 9.0 Reference 8 1.0 Executive Summary The main purpose of this report is to evaluate Tools 4 noobs generated summary, the Wordle to generate a word cloud and the 140 character (Twitter style) summary by comparing them to my own summary. Information tool is the material basis for the implementation of information management, through the comprehensive information to refine and induct, then analyzed and compared, given the options of the principle of information tools to enable individuals to efficiently carry out information integration, improve the value of the individual in society and the organization (Earl, 2000). 2.0 Introduction There are two requirements to extract information: timely and accurate. Timely means that extracting information is sensitive, and rapidly provide the information needed in management activities (Lansdale, 2001). This includes two aspects: on the one hand, promptly identify and collect information. On the other hand, promptly transmit information. Information requires not only in time, but also must be accurate. Only accurate information enables decision makers to make the right judgments. To ensure the information is accurate, first requires the original information is reliable (Maes, 2002).Second is to maintain...
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...Integrated Information Management Rosa Martinez Integrated Information Management Developing an integrated information management system for human service organization requires four external and six internal considerations. The four external are economic, sociological, political, and technical factors. The economic field is the way money is handled and invested; this is where they compare with other sources, competitors, and consumers. The sociological field is where the community necessities are taken into consideration and where profiles of people are created to have more control. The political field knows the state laws and regulations Also, knowing the political environment in the community. And lastly, Technological factors in human services organization means being up-to-date and computer savvy and familiarized with equipment, computers, and new technology. The six internal types of data and organization are organizational purpose, planning, operations, human resources, technical resources and financial resources. The organizational purpose means having a good mission statement, one that the organization can back up with proof because this is their logo that represents them and says to the public what they’re about. Planning is about using current information (data) to plan for what’s next such as people’s needs. This will help them provide better services in a more faster and accurate manner. Organizational operations require periodic observations of programs and...
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...Social Media Policy Social Media pertains to user-created audio, video, text or multimedia works that are shared in an electronic environment, such as Facebook, Twitter, email, personal blogs or instant messages. In as such, the policy of our company is that employees may use Social Media for their personal use while off the clock and in compliance with our company’s terms related to Social Media. Please note that conduct that is illegal or in direct violation of the company’s policy on Social Media will still be deemed a violation of policy or illegal if it occurs online. Employees are entitled to express their opinions and ideas, but have a responsibility not to violate the company’s policies or negatively reflect on the organization. When communicating online employees should never speak on behalf of the company or about the company without prior authorization from management or marketing, or hold a position that has been approved to speak on behalf of the company. The company reserves the right to restrict and monitor employee’s use of social media. The employee should remember to: Be respectful; Be authentic and always state your name; Be careful and protect your personal information; Be responsible and act with integrity. The employee should never disclose confidential information. The employee should never disclose patient information. The employee should never disclose personnel information. The employee should never disclose legal information. The employee should...
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...priorities and develop your professional capabilities. Competition among people for professional advancement in both position and salary is high and being able to successfully manage your priorities and personal development is a cornerstone in achieving this. Without professional development you will find yourself left behind in the promotion race and missing out on all the 'plum' and challenging roles that you seek. This applies to all types of employees in every facet of business or industry but it is particularly relevant to office-based workers and managers who don't have the strict structures controlling their every task like a process or factory worker does. There are many different things to consider when thinking about managing priorities and professional development but to begin with you need to formulate a plan. The plan should include your performance as a role model, developing your traits as an effective leader, ensuring your work goals and plan reflect the organisation's, meeting your job responsibilities, measuring and maintaining your personal performance, prioritising your work, use of technology, maintaining a work/life balance, meeting competency standards, determining your developmental needs, taking advantage of learning opportunities that best match your personal learning style, seeking and using feedback, using networks and maintaining your competitive edge. Creating, following and updating your plan is an ongoing process that requires constant reflection...
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...Advisor A.) Executive Summary: The role of the wealth manager is not to simply sell a financial product to a prospect. Instead, a wealth manager’s first concern is developing a comprehensive understanding of the client, a client-centric approach to providing financial solutions. Next the wealth manager must match the right solutions to the client’s needs and desires and ensure he or she receives an exceptional service experience. After that, product and service sales opportunities will naturally follow. Making the transition is clearly a trade-off between short-term results and long-term success. Financial security through goals-based wealth management. As a wealth manager with Merrill Lynch, the emphasis would be on marketing and looking for ways to help clients with a broad array of financial capabilities. The objective is to help clients achieve their goals and dreams, whether it’s living in luxury, providing charitable contributions and/or leaving a legacy for family and friends; consult and advise clients how to best save and structure their investments to reach their goals. 1. What would your specific goals be for new assets under management? a. Year 1 – 10 Million of Assets Under Management ( 10 qualified contacts per day, 1-2 new accounts per week ). b. Year 2 – 20 Million of Assets Under Management ( 20 qualified contacts per day, 2-3 new accounts per week ). c. Year 3 – 30 Million of Assets Under Management ( 30 qualified contacts per day, 3-5 new accounts...
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...financial managers recognize the goal of shareholder wealth maximization, they are also concerned with personal wealth, job security and fringe benefits. Such concerns may make a manager reluctant or unwilling to take more than moderate risk if they perceive that taking too much risk might jeopardize their jobs or reduce their personal wealth. THE RESULT is less than maximum return and a potential loss of wealth for the owners. What is the AGENCY PROBLEM? The likelihood that financial managers may place personal gorals ahead of corporate goals. How can corporations solve the AGENCY PROBLEM? – Market force and Agency costs. MARKET FORCE MAJOR shareholders can exert pressure on management to perform. When necessary they can use their voting rights to replace management. Threat of takeover – motivates management to act in the best interests of the firm’s owners. AGENCY COSTS The cost of monitoring management behavior, ensuring against dishonest acts of management AND giving managers the financial incentive to maximize share price. COMPENSATION PLANS INCENTIVE PLANS – tie management compensation to share price. E.g. grand stock options to management. Managers can buy stock at market price at time of the grant, and if the market price rises they can sell their shares for a higher price. PERFORMANCE PLANS – tie management compensation to EPS and growth in EPC. Performance shares – shares of stock given to management as a result of meeting the stated performance goals are...
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...of the firm and ultimately increase Aurora Borealis’ initial investment. Case Study Questions Based on the theory and research papers read during the semester, the following is an analysis of the effects of issuing $3 billion of new debt and using the proceeds either to pay a dividend or to repurchase shares on: 1. Wrigley’s outstanding shares? a. A firm can leverage debt to maximize profitability which will allow the firm to compete in a competitive market (DeAngelo & Masulis, 1979). b. The debt will increase the value of a company using shielding cash flows from taxes. c. Masulis believed the price of the stock goes up after a stock repurchase due to a personal tax savings effect, “a reduction in corporate taxes due to increased leverage, and transfers of wealth across and within security classes” (Masulis, 1980b). 2. Wrigley’s book value of equity...
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...Good governance in Kautilya's literature is aimed at fulfilling the welfare of the people. "In the happiness of the King's subjects lies his happiness, in their welfare, his welfare." The jargons related to Financial & Human Resource Management were not prevalent then, but its essence was widely observed in Kautilya's writings. "The King should look to the bodily comforts of his servants by providing such emoluments as can infuse in them the spirit of enthusiasm to work. He should not violate the course of righteousness and wealth. Thus, he shall not only maintain his servants, but also increase their subsistence and wages in consideration of their learning and work." Kautilya said that good governance and financial stability go hand in hand. According to him, there is stability if rulers (managers) are responsive, responsible, accountable, removable, and recallable, otherwise there would be instability. Clearly Kautilya's Arthashastra provides many valuable lessons to be learned by the present day rulers, managers and administrators. What is surprising is that what he taught about 2,400 years ago is equally, if not more relevant, even today. His vision and farsightedness, revealed in his text, is a precious gift to mangers and management education. Themes Roger Boesche describes the Arthaśāstra as "a book of political realism, a book analysing how the political world does work and not very often stating how it ought to work, a book that frequently discloses to a king...
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...Bank Analysis Course Project: TD Bank and Royal Bank of Canada Management of Financial Institutions MAY11 Sec A Professor: Paul Tovbin June 19, 2011 Dalila Springer 973-223-1204 Introduction to Banks: TD Bank, (“TD”), is known as America's Most Convenient Bank. It is one of the 15 largest banks in the U.S., with approximately 23,000 employees and deep roots in the community dating back more than 150 years. The Bank offers a broad array of retail, small business and commercial banking products and services to more than 6.5 million customers through its extensive network of more than 1,000 retail locations throughout the Northeast, Mid-Atlantic, Florida and Metro D.C. TD Bank Financial Group (TDBFG) is a Canada based bank. The bank through its subsidiaries provides retail and commercial banking, wealth management, and wholesale banking products and services in North America and internationally. The bank is a retailer of financial services in metropolitan New York, Metropolitan Philadelphia, metropolitan D.C., Southeastern Florida, New Jersey and Connecticut. TDBFG offers its financial products and services to around 18 million customers through its four businesses namely, Canadian Personal and Business Banking, Wealth Management, Wholesale Banking and the US Personal and Commercial Banking. TDBFG is headquartered in Ontario, Canada. Royal Bank of Canada, (“RBC”), and its subsidiaries operate under the master brand name RBC. It is Canada’s largest bank as measured...
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...Envision financial was created in 2001 through a merger of First Heritage Savings and Delta Credit Union. Envisions goal was to create a locally –responsive financial institution that would be a welcomed alternative to the big banks for people in the Fraser Valley. The company’s vision is to excel in member service, employee wellbeing, financial strength and corporate citizenship. In January of 2010 Envision Financial and Valley First Credit Union merged to become First West Credit Union. The parent credit union now has Envision Financial, Valley First Credit Union, Enderby Credit Union and Island Savings. All the acquired institutions still operate as their own entity but under the parent company First West Credit Union. First West Credit Union has a board of directors who is responsible for developing the organizational strategy and business plan. The board of directors at First West works closely with the leadership team who implements the organizational strategy. Throughout this report we will evaluate how First West Credit Unions organizational strategic impact the human resource strategy at Envision Financial and how strategic human resource planning is being utilized to ensure the long term success of the organization. Organizational Strategy & Human Resource Strategy Looking at the leadership team of First West Credit Union they have a President, vice-presidents of marketing, vice-president of services, CIO, CEO and CFO; however they clearly have no one on the...
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...All about Personal Finance “Money is hard to earn and easy to lose. Guard yours with care.” a quote from Brian Tracy which tells about money just passing by in our hands because of wrong management. Another quote is from Natasha Munson which tells about “Money, like emotions is something you must control to keep your life on the right track.” This means we must know ways to maintain or control our money so that our life will be financially stable. That’s why I will tell you all about Personal Finance to help you manage your money. Personal Finance is about learning to manage income and wealth to satisfy desires in life or to create more income and more wealth. It is about creating productive assets and about protecting existing and expected value in those assets. Personal Finance is very significant to our lives and some of the reasons are; first, it gives us self confidence, because we handle our financial problems under our control and we make more peaceful and better decisions. Second, saving for emergencies, you will not fear of crisis or surprise events which require a lot of money because you are already prepared financially. Third, saving for retirement, this is helpful for future purposes. Personal Finance includes about wealth, but what is wealth? Wealth is the abundance of valuable resources or material possessions of economic value like money, real estate and personal property. An individual, who is considered wealthy, is someone who has accumulated substantial wealth...
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...To manage your personal resources • To deal with world business • To pursue interesting and rewarding opportunities • To make informed public choices as a citizen • To expand your mind Discuss and provide examples of the four basic financial decisions every household faces • Consumption and saving decisions: How much of their current wealth should the y spend on consumption and how much of their current income should they save for the future? • Investment decisions: How should they invest the money they have saved? • Financing decisions: When and how should households use other people’s money to implement their consumption and investment plans? • Risk-management decisions: How and on what terms should households seek to reduce the financial uncertainties they face or when should they increase their risks? Describe the types of financial decisions firms make • Strategic planning. What business the company wants to be in. • Capital budgeting process. Determining what asset to acquire. • Investment project. Investing in the selected asset. • Working capital management. The long term and the day-to-day operations. List the three types of business organizations, and describe the advantages and disadvantages of each Sole Proprietorship- a firm owned by an individual or a family, in which the assets and liabilities for the firm are the personal assets and liabilities of the proprietor If the firm cannot pay its debts, the proprietor’s other personal assets can be...
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...Question-1: What is finance? Ans: Finance is the life blood of every corporation. In the era of modern trade and commerce, business firm have to decide from where they will raise fund, where they will invest and how much of the profit will be distributed among the shareholders. “Finance” Came from Latin word “finis” means “dealing with the money”.finace is called the art and science of managing money. At the micro level, finance is the study of financial planning, asset management and fund raising for business and financial institutions. At the macro level, finance is the study of financial institution and financial markets and how they operate within the financial systems in both the domestic and global economics. Scholar’s view: “Finance consists of providing and utilizing the money, capital rights, credit and funds of any kind which are employed in the operation of an enterprise.” _George R Terry “Finance is concerned with the process, institutionsmarkets and instruments involved in the transfer of money among and between individuals, business and governments”. _Lawrence J Gitman From the above discussion, it can be said that finance is the process of financial planning, identification of sources of fund raising, investment of fund, protection of fund, distribution...
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