FinacialInclusion's blog

Poor people worry about money especially the retirees who are afraid that their savings would not see them through old age. Based on a 2017 survey by a prestigious financial research firm, even the rich are afraid to lose their wealth and will really go out of their way to preserve it. So they hire professionals to take care of their money.

What wealth management is all about?


It is natural for the rich to get professionals to manage their funds. Wealth management is an investment advisory service for high net worth individuals. It combines both financial planning and specialized financial assistance covering a wide array of services. The goal of wealth management is to sustain and grow long-term wealth. This is exactly what the affluent needs.

Advantages

Wealth managements help clients achieve a clear picture of the financial market and opt for good investments. With the multi-disciplinary set of skills of your wealth manager, you are assisted to allocate assets and plan to get the best tax option, achieve the highest savings goals, and find a reliable retirement plan and being able to pass assets safely to the next generation. The third benefit of wealth management is you gain peace of mind knowing that professionals are taking care of your assets.

Investment banking

Another option to preserve your wealth is through investment banking. This is   special segment of banking operation that raises capital and provides you or organizations their financial consultancy services.An investment bank is a financial entity that assists individuals and companies in raising capital through making investments and engaging in the stock exchange. They will help you find the most profitable investments, as well as maintaining them in the long term.

Advantages

Aside from providing platforms for investors, investment banking maintains an experienced team of professionals who offers knowledgeable insights and details about stock exchange.  They also provide expertise in making investments in other industries. Individuals and companies are wise in their decision to seek the services of an investment bank. This is the best venue to gain up-to- date and deeper insights how to invest their money and to raise capital.

Wealth management versus investment banking

While both are your best bets to insure the longevity of your assets, in matters of service, they ate not identical. Wealth management is typically a financial service company that invests your money in debt, commodities, currencies, commodities, equities, securities, and etc. Wealth management firms hire professionals who have a years of experience at handling other peoples’ funds. They are involved in managing money and investments of clients.

Investment Banking is that bank segment that helps in creating client’s financial assistance for companies, institutions, governments or others. The basic function of investment banking is to provide market exchange to raise money for business people needing capital and for those with excess money and looking for lucrative investment options.

Wealth Management or Bank Investment?

Investment banking mainly provides advice and services; which corporate entity to invest your money and not to individuals like the function of wealth management firms. Investment banking as part of financial sector handles acquisitions, business restructuring and mergers. Both are not competitors but complement each other. If you have money and want to safeguard your wealth, you might as well be involved in both.


Editorial
Article brought to you by Seqimco -
http://www.seqimco.com. Seqimco is an Investment Management Company based in the UK. Seqimco has a special interest in Wealth Management and Infrastructure debt funds. 

FSDT is a company in Tanzania that works to improve the quality of life for people, households and businesses that do not get the attention they need and deserve. But they do not work alone. Donor partners include UK Aid and the Bill & Melinda Gates Foundation. Here are the four services FSDT offers to their customers.

Agriculture and Rural Finance


The first step in improving the financial services where Tanzanians live and work is to identify the barriers in transactions. Then working with multiple partners to fix the problems and make it easier for local individuals and businesses to use these financial services.


FSDT looks at how the agriculture sector uses financial products and services. Then FSDT looks for ways to improve the services people use. FSDT works to increase financial contributions in the most needed areas to build more sectors and improve the welfare of farmers. FSDT works hard to make it easier for rural farmers to make transactions with enterprises.


FSDT understands that rural finance depends on the ease of which to use financial products and services. Easy to use, quality products and services are essential in helping underserved Tanzanian people and businesses improve their lives. In turn, the lives of people around them can also improve.

Digital Finance


FSDT works to help their customers gain access to technology based financial services. FSDT has partnered with financial institutions and Mobile Network Operations to bring more cash outlets to where customers more closely live. Research and product development are conducted by FSDT in partnership with financial service providers. FSDT want to make sure that individuals and businesses are getting their needs met by the financial services and products they choose to use.

Small Medium Enterprise Finance

While Small Medium Enterprises employ more than 5.2 million people n Tanzania, the vast majority have limited or no access to quality financial services and products. With the help of financial institutions, technology companies and non-banking financial companies, new ideas are explored to improve small businesses ability to access and use financial services to help grow their companies. FSDT also tries to help Small Medium Enterprises improve their financial literacy. Financial literacy is a crucial part of owning a business. FSDT brings the private and public sectors together in creating cooperative policy changes when necessary.

Insurance

Insurance is a fairly new undertaking for FSDT. FSDT wants to make sure the insurance sector stays strong so that customers get what they need. Since 2013 most insurance sector growth has been in health. Many people in Tanzania do not demand insurance because they do not understand how important it really is. Many people do not understand the basics of how insurance works. Many people have negative perceptions about insurance. The insurance sector is also slow growing in Tanzania. This has led to limits in insurance distribution, skilled personnel who work in insurance and products being offered (such as micro insurance). FSDT has a lot of work to do change peoples’ minds about having insurance and making sure there are quality insurance products and services for customers to use. 

Archives