Top Short Term Finance Course in USA

❑ American Bankers Association (ABA)

 Private Wealth Management School - The school introduces seasoned relationship managers to unique consultative sales approaches for delivering financial services to wealthy clients. During a six-day resident session, students receive intermediate-level instruction on building the skills necessary to become a more competent and proactive adviser. Recognized practitioners and industry experts assemble at the Duke University Fuqua School of Business to serve as faculty and counsel to students. Two modules are offered over consecutive years.

❑ Institute for Private Investors (IPI)

Wharton School Private Wealth Management Program—Through class lectures and interactive case-work, participants can increase their depth of knowledge in key areas of wealth management. As part of the core curriculum, the program places participants within a fictitious family with worldwide businesses and investments. During a six-day resident session, they make decisions that will affect the family's wealth for future generations.

❑ Investment Management Consultants Association (IMCA) 

Wealth Management Certificate Program—This program teaches the tools and techniques for creating and implementing strategic solutions to the complex challenges associated with wealthy clients. The curriculum is divided into three phases reflecting the natural life cycle of wealth. Students study assigned materials, complete online quizzes, and then attend a full day seminar. It culminates with a two-day symposium."

 ❑ New York University Certificate in Wealth Management

This course is designed to enhance the relationship between advisers and high-net-worth clients to achieve desired goals. The curriculum includes core courses plus electives that address investment management, alternative investments, and wealth transition and transfer.

❑ American Academy of Financial Management Chartered Wealth Manager

The five-day program offers a core group of courses focused on skills for high-net-worth consulting. Prerequisites include a recognized degree, a professional certification, and five years of related industry experience."

Schooling, certification, and supplemental education provide the foundation of knowledge, but tax-efficient investing as an art form is still relatively new. Moreover, as will become obvious in the following chapters, the curriculum of the programs noted above usually do not cover the application of tax-efficient principles to security selection, portfolio management, asset allocation, and location, as they simply lack faculty who are qualified to teach it. Additionally, one must be careful about using the terms "wealth management" and "high-net-worth client." These terms were previously reserved for clients with liquid financial assets above $100 million. With the "retailization" of the investment management industry, these terms are often used by overzealous marketers and financial planners that reflect any opportunity where there are investable assets, no matter what the magnitude. Therefore, the tax-efficient practitioner should seek every opportunity for self-improvement through avenues that will allow for continual improvement of the practitioner's skill. A person with these courses can find job easily in any private limited company.

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4 Tips for managing Index-Based Port-folios

There are a number of techniques that are valuable in managing index-based portfolios. These include

❑ Cost-efficient trading that includes electronic crossing networks

❑ Purchasing derivatives when they are initially cheaper than the un- derlying stocks

❑ Pledging securities of the portfolio for security lending

 ❑ Purchasing stocks before they are added to the index 

❑ Taking advantage of an imbalance in a particular security

Anything the investors can do that leads to superior results without taking on undue risk should be encouraged.

The last point is that ETFs have lagged the performance of their mu- tual fund tax-managed peers with similar portfolios by a very slight margin before tax but have done quite well after tax. One of the reasons for the minor differential in before-tax returns of the SPDR Trust Series 1 is that it has not been allowed to reinvest the dividends it receives from its port- folio holdings: the cash must be held in a money market fund. Addition- ally, shares cannot be put out for securities lending. Early ETFs, like the SPDR, were registered as unit trusts, whereas newer ETFs are registered as open-end mutual funds and do not face this disadvantage.

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Four Basic Rules for Tax Efficient Mutual Fund Investing

The investor may unconsciously pay taxes on the same amount of capital gains twice! This happens more frequently than most people realize, because many fund shareholders do not understand the accounting involved and fail to keep good records. This brings us to the following rules of thumb for mutual fund investors:

Four Golden Tips for Mutual Fund Investing

❑ Be sure to check when the fund's fiscal year ends and the amount of income and capital gains distributions anticipated before making an investment, so you will not end up paying taxes on a significant amount of capital gains you did not earn.

❑ Keep in mind that when new investors make contributions to a fund in a rising market, taxable gains are likely to be distributed to a greater number of shareholders, which can enhance after-tax returns. On the other hand, when investors sell shares in a declining market, the portfolio manager may be forced to take gains, to the detriment of the dwindling number of remaining shareholders.

❑ Consider whether specific lot identification or FIFO is worth the time and effort to achieve a potentially more desirable result than the average cost convention of accounting for gains and losses. 

❑ Keep good records of mutual fund purchases, reinvestment of distributions, and sales of fund shares to avoid inadvertently paying taxes twice.

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Jelly Fish Robot Spy - Robo Jelly Structure

A new submarine spy

It’s not as suave as 007, but it’s more discreet: scientists backed by the US military have developed a new kind of spy which can patrol the oceans disguised as a jellyfish. The robot, known as robo-jelly, Consists of two silicone bell-like structures that fold and unfold like an umbrella, reports the New Scientist. Connecting the umbrella are “muscles” that contract to make the robo jelly move.

 It requires no batteries, as it is powered by the hydrogen and oxygen in seawater. These react with the robot’s platinum- powder coating to produce heat, and the only waste released is more water. “It can stay underwater and refuel itself while it is performing surveillance,” said lead author Yonas Tadesse, of the University of Texas at Dallas. 

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Total Quality Management History

the idea of total quality management (TQM) is really a philosophy of quality management that originated from Japan in the 1950s. TQM is really a system that integrates the quality management efforts of all groups in an organisation and, it will be argued, has been a large factor in Japanese global business success. It has numerous important features.

• Total – implies that everyone in the value chain is involved in the process, including employees, clients and suppliers.

• Quality – products and services must meet the customers’ needs.

• Management – management has to be fully committed and encourage everybody else to become quality cognizant.

• The basic principle that the price tag on preventing mistakes is less than the price tag on correcting them once they occur and the price tag on lost, potential future revenue. The aim should therefore be to get things right first moment consistently.

• This contrasts using the ‘traditional’ approach that under 100% quality is acceptable as the costs of improvement from say 90% to 100% outweigh the pros.

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Net Present Value Formula

We realize that in the event that we need to know the net present worth (NPV) of an advantage (whether this is a physical resource, for example, a machine or a budgetary resource, for example, an offer in a business) we must markdown the future money streams produced by the benefit over its life. In this way:

where C1, C2, C3 and Cn are money streams following one year, two years, three years and n years, individually, and r is the obliged rate of return.

Shareholders have an obliged rate of return, and supervisors must strive to produce long haul trade streams for shares (in for spendable dough the manifestation of profits or returns from the offer of the imparts) that meet this rate of return. The desire that the directors will, later on, neglect to produce the base obliged money streams will have the impact of lessening the estimation of the business overall and, subsequently, of the individual experience it. On the off chance that a business is to make esteem for its shareholders, it must be required to produce money streams that surpass the obliged returns of shareholders. We ought to manage at the top of the priority list here that the estimation of a business and its imparts is completely subject to two components:

1 desires of future money streams; and

2 the shareholders' obliged rate of return.

Past triumphs are not pertinent.

The NPV methodology satisfies the criteria that we specified prior as a method for genuinely surveying changes in shareholder esteem on the grounds that:

· It considers the long haul. The comes back from a speculation, for example, shares, are considered over the entire of its life.

· It makes note of the expense of capital and danger. Future money streams are marked down utilizing the obliged rates of comes back from financial specialists (that is, both long haul banks and shareholders). Also, this obliged rate of return will reflect the level of danger connected with the speculation. The higher the level of danger, the higher the obliged level of return.

· It is not delicate to the decision of bookkeeping arrangements. Money as opposed to benefit is utilized as a part of the counts and is a more target measure of retu

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