nztveln.info

Outsourced Investment ManagementIn order to provide a fully implemented investment solution, a company needs to have fully diversified investment strategies which involve having a variety of fiduciary solutions. Non-profit organizations for example will find that leveraging the services provided by investment outsourcing providers will prevent them from having to incur costs related to internal resources as well as other financial constraints that come with in-house financial management practices. Even for a company that hopes to gain strong absolute returns, outsourcing their non-profit objectives which may include seeking top-performing managers and looking for alternative strategies is best and effectively acted upon by an investment outsourcing provider. In the current economic environment, poor performance is a potentially lethal state to be in. Having a provider who understands the challenges faced by organizations in their fiduciary duties as well as one who has the capabilities needed to shoulder the fiduciary responsibility for the organization is crucial. At the same time, an outsourced investment provider will also act as a gatekeeper in managing investment risk by managing cash flows of spending. In other words, the ability for the outsourced investment provider to make discretionary investment decisions based on his pool of knowledge and resource will help him to develop effective strategies in asset allocation, provide meaningful advice, stay current in regulatory requirements and select performing investment managers in fast-moving markets.The scope of work that an outsourced investment provider has to offer, in essence, describes the job of such a provider:Strategic Planning and OversightIn order to offer sound financial advice and implement programs that will help you achieve your financial goals, an outsourced investment provider needs to be well-versed in administrative details and in asset/spending models. It requires an understanding of standards and guidelines that control the markets in which your organization operates in. They will also be in a position to oversee and coordinate the implementation of financial programs by serving as part of the support and advisory team during these implementations. This level of responsibility requires proficiency in the duty of care with the ability to read and understand financial statements and accounting practices.Alternative Investment StrategiesIn order to effectively incorporate alternative investment strategies to an organization’s focus, sophisticated approaches are required. Professionals who have expertise in traditional and alternative investment strategies are extremely important. What are some of these strategies that you want to ensure that the outsourced investment provider has in his portfolio? Experience in diverse debt investment experience which includes distressed debt and debt arbitrage are some examples. A provider experienced in absolute return strategies for example, will know the structure risk exposure relative to public equity market investments. Experience in private markets involves experience in managing capital calls to private funds. Private investment fund are considered an integral part of asset allocation.End-to-end ImplementationIn order to assume the level of liability that comes with transitioning from a consultant to a full-time outsourced investment provider, an extended learning curve that takes into account the complex and diversified portfolio of the provider is needed. These added responsibilities also require the discipline to build and maintain an effective and diverse investment program. It takes important day-to-day decisions of tracking, monitoring and administering details. All these end-to-end implementations must be carried out in a timely fashion and cost-effectively using a rebalancing policy that also needs to be development by the outsourced investment provider.Value-Added Administrative ServicesOne of the top-most reasons why investors take the outsourcing investment approach is the variety of responsibilities that a provider is able to handle. If this is done in-house the overheard costs and the resource intensive approach and strategies required would be overwhelming for most organizations, especially small and medium-sized enterprises. Smaller institutions in particular need to have focused attention on profitability and growth. Customer care and the integration of new investment products and services also takes a lot of time and resources. In order to focus on these core elements which ultimately make or break a company, it is vital that such businesses outsource their administration to ensure that they adhere to the laws and regulations of the state which, if neglected, can cost the company time, money and goodwill – all vital to the success of today’s more accountable and transparent tax exempt institutions. Outsourced investment providers that provide such value-added services play a large role in freeing up a company to improve profitability and enter new markets, whether public or private.Some other outsourced value-added services that a provider may offer can include human resource, corporate support, business development and information technology. The benefits of these value-added services however should be realized without negatively impacting on core elements of the business. When it comes to Human Resource for example, any value-added outsourced HR solutions provided by the investment provider need to be more about the organizational requirements and should be tailored to reflect these needs as opposed to what is happening in the larger economy. Implementing alternative solutions that make more sense for a business will be more beneficial to the business in the long run as opposed to trying to model it to fit a business as a result of pressure from the local or larger economy.Leveraging an outsourced investment provider’s expertise however is not to be taken lightly. You need to make it clear at the outset, what are your objectives. You also need to be flexible since it may require working in a way that will fit your provider’s model or level of expertise. Establishing a structure where the investment provider resides between the layers of the investment committee and managers specialized in their particular areas is key.When the investment provider manages risks at the portfolio level, it is easy for individual managers to focus on their work and leave the diversification decisions to the provider. Such an investment program should be run like a business where costs are kept under control, policies in spending are reasonably regulated and the program is kept on track in fulfilling its objectives.In the end, the question is not whether or not to outsource, but what to outsource. Knowledge and knowledge-management has changed hands and is no longer home-grown. It can now be outsourced to more experienced providers which re-energizes an organization and challenges it to think beyond its resources. Outsourcing investment providers lie at the heart of all of this in assuming non-core functions and value-added services that help redefine an organization helping it grow beyond its in-house limits.BiltmoreMoney.com has the pleasure of working with nonprofits to make their mission go farther.

We all want fabulous budget travel holidays without breaking the bank. Here are three tips that will help you plan your next great holiday while staying on a budget. We’ll go over the months you should target to travel that will give you the greatest travel savings, which type of airports to fly out of, and more general tips to give you the greatest bang for you buck. Let’s get started:1. Try to travel during “Shoulder Season”, a term coined by the travel industry. This is a great time to travel because it’s not High Season, which is when it’s most expensive to travel and most crowded, and it’s not Low Season, when the crowds are not there but the weather is the worst. You can generally save hundreds of dollars, if not thousands, on your vacation just by targeting Shoulder Season because airfare and hotels are cheaper. For example, go to Hawaii in March or September, Tahiti in November, Costa Rica in December, or Baja California in June.2. Use the internet to your advantage. Many airlines, resorts, cruise companies, and hotel websites offer rewards to people who subscribe to their e-mails lists. Usually all it takes is for you to visit their website and find the place where you can enter your e-mail in exchange for discounts, rewards, etc. These e-mail lists are often one of the first or only places to get major, unadvertised discounts. Social marketing is on the upswing and you can follow the airlines, etc. on Twitter to get similar savings also.3. Be flexible with your travel planning. By being open to flying out of a less commercial airport, or staying in a neighboring city that borders the touristy city, you will save money. Many people want to go to San Francisco but cannot afford the pricey hotel rooms in the city. Consider staying in neighboring Berkely and taking public transportation into San Francisco. Neighboring cities often have the same “feel” as the touristy cities, yet the local businesses are more accommodating and even grateful for your business. You are more apt to be treated like royalty because the locals like you being there, rather than being an annoyance, aka “just another tourist”. Minor travel adjustments such as this can save you hundreds on your trip, while still being able to vacation in the city of your choice.I hope this helps you see that the possibility of budget travel holidays can be a reality with a little planning and ingenuity. Flexibility in travel planning goes a long way to huge savings. Be a smart shopper and use the internet. It’s a great resource for budget travel. By following these simple tips, you will be able to have your budget travel holiday.

Springtime is here and if you are planning for that summer vacation, you may find these travel saving tips helpful. Whether it’s that class reunion, summer getaway or family outing – you have to get there. These days with travel costs on the rise, saving money is essential.It may take you a little longer to book your travel plans, but the savings may be well worth the time. When it comes to travel, I am all about saving money. I recently saved over 50% on my rental car and it was no ordinary rental. Our rental vehicle was the kind that you want to take home, however the price we paid was equivalent to the type you cannot wait to return.Here are the Top 10 Ways to Save on Travel:

Plan Ahead of Time. Booking your travel plans ahead of time (at least two weeks in advance) can save you money.

Discounts, Coupons and Promotion Codes. Applying discounts, coupons or promotions can translate into big savings on travel. My warehouse club membership travel discounts provided 25% off normal rental car rates plus a day free.

Discounts may be offered on rental cars, hotels, airfare, train and a variety of other travel related expenses. A few examples of those who may qualify for discounts are motor clubs, organizations, college student, senior citizen, employer or military.
Coupons and Promotion codes may be available on the web (e.g. company sites, social media sites), motor club websites, warehouse clubs (e.g. Costco) travel services, credit card promotions or your car insurance provider.

Shop Around. Compare the prices on the travel websites. Some websites that I use are Hotwire.com, Priceline.com, Kayak.com and Orbitz.com. However, the lowest price may be found on the official company website, so compare these prices as well. Be sure to look for any direct booking special offers or promotions when visiting the official websites (airlines, hotels or rental car companies). Note: Southwest Airlines is not normally on any of the travel websites, you must visit their website directly.

Be aware of any Extra Fees. Spirit Airlines recently announced that they will begin charging travelers for some carry-on bags. Not to mention there is an airline considering charging to use the restroom once on board. These fees can really add up, so keep in mind any extra charges when doing your price comparison.

Travel during Off-Peak Times. Traveling on off-peak days (Tuesdays, Wednesdays and Saturdays) can save you money on your airline tickets. Early morning or late night flights may also be cheaper.

Be Flexible with Travel Dates. Switching your travel date by a day or two could amount to hundreds of dollars in savings.

Compare Package Deals. Bundling up your travel into a package (airline, hotel and rental car) can be a tremendous savings.

Look for Last Minute Travel Deals. Yes, it’s true you can find great deals on last minute travel offers. The best way to find out about them is to sign up for email notification or to visit the company (e.g. airline, rental car or hotel) websites to check for any special pricing or last minute offers.

Join Frequent Traveler Programs. Frequent traveler programs can help you save on fees (i.e. baggage), get travel perks (e.g. special offers, upgrades, priority boarding) or receive free travel benefits (hotel stays, tickets).

Purchase a Travel Pass. If you are planning on visiting a city and touring some of the major attractions. Travel passes can really save you money. My husband and I purchased a city pass (visit citypass.com) in San Francisco and it included all of the attractions we wanted to visit and public transportation, amounting to about 50% in total savings.TripAdvisor.com is another great travel website. This site is very helpful with giving you some insight into what to expect from hotels, including hotel rankings and customer reviews (some of these are very funny!). The site also has ideas for places to visit, restaurants, price comparison tools and more.©2010 by KP Evans Financial. Reprint rights granted if crediting author Kembala Evans.