Financial planning and wealth management Essay Example | Topics and Well Written Essays - 1000 words

Financial planning and wealth management - Essay Example The World Wealth Report 2013 has been prepared by Capgemini and Royal Bank of Canada jointly. This report shows that 2012 was started with a sluggish beginning with low levels of GDP of most of the economies around the world. However, with efforts from the national governments, economic activities in the world have increased considerably (The wealth report, 2012). Eventually, HNWIs (individuals possessing US$1 million or more investable assets) have ultimately benefitted, as the international market has strongly turned around towards the end of 2012. The report presents the analysis of data collected through survey of more than 4,400 HNWIs belonging to twenty one countries. This makes the study one of the most data rich and highly relevant studies for present economic times. Background The report sheds light on three distinct peripheries; levels of confidence held by HNWIs in the international market, their long term investment objectives, their investment pattern and plans and most importantly, the types of relationships maintained by them with advisors and wealth management firms. The investment pattern of these individuals determines the flow of investment around the world and affects the services offered by the advisors. The type of service demanded by the firms, casts significant influence on the actual investments that would be made throughout the year (Kennedy, 2011). Secondly, the nuances involved in wealth advisor-HNWI relationships have been studied in detail. Emerging opportunities for investment of wealth have been identified and recommendations have been made for improving the relationships between wealth managing firms and all segments of HNWIs. The impact of changes in the national regulations as well as the regulations of the international bodies, such as the Euro zone, during and after the financial crisis, is expected to cast major impacts on the investment climate around the globe. Impact of such changes on individuals and firms has been expl ored to assess the effect it casts on world wealth. Growth of HNWI Market Analysis of HNWI population and investible wealth shows that the HNWI Market has taken a grand leap forward since 2012. Total HNWI population in the world has increased by 9.2% in between 2011 and 2012 and reached the figure of 12 million. Financial market performance also shows impressive improvements, which has been the cause of substantial growth HNWI wealth. Although, there was a fall in aggregate investable wealth in 2011, it again increased by 10.0% and reached a record level of US $46.2 trillion. Market observers have forecasted that the HNWI wealth is expected to grow at the rate of 6.5% annually in the coming two years consecutively. It would touch the US $55.8 trillion orbit by 2015 (Capgemini, 2013). This growth would mainly be driven by expansion of HNWI wealth in the countries in Asia-Pacific region (Durgy, 2013). It is evident from the data that the developing countries are showing greater growth rates than the developed countries. Although, developing economies have been hit hard by the breakdown of the global financial system, these countries offer greater opportunities for growth. Population growth rates in these countries are high and economic activities are increasing at an increasing rate. Therefore, the process of capital accumulation occurs more spontaneously in these economies than the develo

Assignment Example | Topics and Well Written Essays - 1000 words - 1

Assignment Example It is only by changing the mentality of human particularly the fishermen that the aquatic life will be protected from possible extinction. It is wrongful for a few individuals to engage in practices that benefit only a few but has dire consequences suffered by all. A good example is overfishing, which destroys aquatic life affecting even those who do not practice it. 2. How were your views and opinions challenged or changed by your reading of In Pursuit of Giants, if at all?   Before reading this book, I considered humans dynamic in that they can change their behaviors depending on the situation. However, reading this book made me realize it is not always the case. This is because people continue fishing using inappropriate methods irrespective of the fact that the species they are capturing are at the verge of extinction. The fisheries management, which is supposed to facilitate conservation of aquatic life, involve themselves in corrupt deals, which end up worsening the crisis. I t is pathetic to realize that the same governments that obtain a lot of revenue from export of fish are doing little to protect the life of the endangered fish species. 3. Name three industrial fishing practices mentioned in the book, and explain how they create bycatch and harm marine life.   Fishing can be done in large scale or small scale. Fishing is a practice that leads to killing of the highest number of animals. Large scale, commercial or industrial fishing entails capturing of large quantities of fish. In most large-scale fishing, destructive fishing methodologies are used, which leads to inadvertent capture of immature fishes as well as other aquatic organisms commonly referred to as bycatch. Some of the methods that lead to bycatch and have been mentioned in Rigney’s book include trawling, seining, and long lining. The above-mentioned methods are a true cruelty towards aquatic animals. Trawling entails using nets that are hooked to two t Using trawling as a fishi ng method results of both target and non-target species. Trawling, particularly bottom trawling leads to capture of large quantities of bycatch, which include all organisms that happen to be along the path of the trawl nets. Most of the bycatch die as the nets are dragged along the ocean floor while other dies when the nets are hauled from the ocean due to changes in pressure. This is commonly referred to as decompression. Additionally, the method leads to destruction of the ocean beds. Mid-water trawling is another commercial fishing method commonly used in different parts of the world and entails immersing nets net in areas with high water volume. The nets are then hooked to trawl door or towed behind two boats. Just like bottom trawling, Mid-water trawling leads to capture of high numbers of non-target species. Seining is another fishing methodology that leads to large numbers of bycatch. Purse seining is used to capture fish species such as tuna. Seining involves use of nets com monly known as purse seine. However, the method leads to large bycatch particularly of dolphins that are frequently found near tuna. Long lining involves sinking long fishing lines, Bout 50 miles in length, threaded with baited hooks. The line with the hooks is then hauled behind a boat or left afloat overnight. This method is mainly used