Discover and read the best of Twitter Threads about #wealthmanagement

Most recents (20)

SEBI has come out with EOP guidelines which hugely impacts how Direct Plans are currently being sold in the country. Read on for finer details:

1) All online platforms to classify themselves as EOP1 or EOP2 which means an Execution-Only Platform

#mutualfunds #directplans #SEBI
2) Background - Most of the online platforms offering Direct Plans operate under the SEBI RIA (advisory) regulations but owing to the size & scale of business they act as mere facilitators of Direct Plans. They dont necessarily give full-fledged advisory services to clients.
3) To bring more clarity around such online platforms, SEBI has issued new circular which allows such platform to move from being advisory in nature to being execution paltforms.

4) All platforms will have to opt one mechanism --EOP 1 or EOP2.

Read 13 tweets
GENERATIONAL WEALTH is the practice of passing down significant financial resources to future generations. But 70% of wealthy families will lose their wealth by the second generation and 90% by the third.

Why does this happen and how do Family Offices prevent this:๐Ÿงต Image
Generations are taught not to talk about money, so the next generation may have no idea about the value of money or how to handle it.

This may be driven by worries that the next generation will become lazy and entitled, so wealth is kept a secret.
The next generation grows up in a life of plenty and may not understand the struggles and sacrifices of the previous generations.

Building wealth takes hard work and discipline. The further you are away from that, the more difficult it is to understand.
Read 9 tweets
I have to say, so much for your @ExpertWitness_ but #SorryNotSorry I would shut up shop if I were you.

You understand my #FRUSTRATION you say.

So how much do I need to take before you see me as a murderer because I have been pushed over the edge when I see yet
another #blackmansolo getting the #WealthManagement on the back end of turning you back.


Have you got your #BAFTA2023 award yet @DrHorsford .
Can you beleive this @elonmusk #ElonMusk #ElonMuskTwitter @mayemusk @ToscaMusk ๐Ÿ˜ญ๐Ÿ˜ญ๐Ÿ˜ญ

I have talked with man approx. 6 years ago.
Read 10 tweets
What do ๐Ÿ‡จ๐Ÿ‡ดColombia, ๐Ÿ‡ฌ๐Ÿ‡ทGreece, and ๐Ÿ‡ฌ๐Ÿ‡งthe United Kingdom have in common?
Theyโ€™re 3 of 9 countries with low taxes youโ€™d never expect.
Letโ€™s help you go where youโ€™re treated best:โ€ฆ.
#lowtax #taxfree #WealthManagement
๐Ÿ‡ฌ๐Ÿ‡งIn the #UK, if your taxable income is over ยฃ150,000, youโ€™ll have to pay 45% income tax.

But your foreign-sourced income may be tax-exempt if you are a non-domiciled resident in the UK. You will have remittance of paying taxes during the first 15 years (soon will be 5)
๐Ÿ‡ฎ๐Ÿ‡ช#Ireland's tax system is based on residence, so there is no tax on worldwide income for nonresidents (if you decide you donโ€™t want to live in Ireland during your residence). However, getting permanent residence in Ireland means you will be taxed on Irish-sourced income
Read 10 tweets
I donโ€™t know why so many people working in wealth management keep requesting to connect and speak with me.
If you work in wealth management, I think you should know:

๐Ÿ‘‰๐Ÿฝ Nearly half of everyone in the UK that lives in poverty is disabled or lives with a disabled family member.
๐Ÿ‘‰๐Ÿฝ More than 600,000 disabled people in the UK are estimated to have ยฃ10 or less per week to pay for food and other costs.
๐Ÿ‘‰๐Ÿฝ Disabled people have to pay more to try and live the same lives as non-disabled people, but we have less or no choice due to inaccessibility, ableism and stigmas against us.
Read 18 tweets
For a quarter now, #FIIs have been taking quite a bit of money out from the Indian markets. But how significant is this retreat in the larger scheme of things? How bad is it? Our research team decided to dig deeper and they did find some gold. Read on.
The FIIs have withdrawn about โ‚น1.05 Lakh Cr from India till date. Thatโ€™s a massive amount. But the question is, how much is still invested in #India? The answer is a whopping โ‚น44.5 Lakh Cr. Compared to last year, there was actually a gross addition of โ‚น3.3 Lakh Cr. (2/6)
Not looking like a doomsday situation after all. Hereโ€™s something to note about how FII holding has changed over the last year - the biggest drop is in banks where the holding dropped from 20.4% to 17.3%. They also dropped their holdings in financial services. (3/6)
Read 6 tweets
Daily Bookmarks to GAVNetย 12/05/2021โ€ฆ
A Nitrogen Shortage is Brewing, So What Will it Take to Cure The World's Fertilizer Deficiency?โ€ฆ

#NitrogenFertilizer #NaturalGas #prices #shortages #CropYield #projections
Scientists Concerned About New COVID-19 Variant Detected in South Africa With High Number of Mutationsโ€ฆ

#COVID19 #evolution #variants #detection #transmissibility #virulence #PublicHealth
Read 13 tweets
You need to get your estate plan in order- what does that mean?
Some Basics . . . 1/x
When Should You Update an Estate Plan?

-Job Change / Retirement / Business Sale / Windfall / Relocation
-Change of Law
5 Estate Planning Docs Everyone Needs:

-Living/Revocable Trust
-Durable Power of Attorney
-Advanced Medical Directives
-Letter of Instruction / Letter of Intent
-Contact List of Important People
Read 9 tweets
I keep hearing from people who don't invest money that they don't really ๐—ป๐—ฒ๐—ฒ๐—ฑ it. That they stay with their parents and earn more than enough for spending it on luxury. That they'd rather invest money in "experiences" than Mutual Funds or stocks (1/n)
The biggest reason to invest money is not to buy a luxury car or a duplex apartment. It is for ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—ถ๐—ป๐—ฑ๐—ฒ๐—ฝ๐—ฒ๐—ป๐—ฑ๐—ฒ๐—ป๐—ฐ๐—ฒ. And nobody sums it up better than Morgan Housel. (2/n)
"The highest form of wealth is the ability to wake up every morning and say "I can do whatever I want to today".

People want to become wealthier to keep themselves happier. Happiness is a complicated subject because everyone is different. (3/n)
Read 8 tweets
I struggled with investing in my 20s and although there is a lot โ€˜gyaanโ€™ out there, I feel there is lack of actionable โ€˜gyaanโ€™ for people in their 20s. Had someone told me these basic things to do a decade back, I would have made some wealth. Time for another๐Ÿงต(1/n)
All you need to do is follow the following steps and let compounding do its work. Caveat:
๏ƒ˜Only for people earning <2.5L per month
๏ƒ˜For people <30 years old
๏ƒ˜If you donโ€™t have time to do active investing
๏ƒ˜This is all from personal experience
The golden question: How much of your salary should you try to save & invest? (3/n)
Read 11 tweets
Kalpfin Wealth Byte (30 seconds read)

Too much, too soon, too fast!

Everyone knows the investing duo of Warren Buffett and Charlie Munger. But 40 years ago, there was a third member, Rick Guerin. The three made investments together.
Then Rick kind of disappeared while Warren and Charlie became the most famous investors of all time

A few years ago, hedge fund manager Mohnish Pabrai asked Buffett what happened. Rick, Buffett explained, was highly leveraged & got hit with margin calls in the 1970s bear market.
Some things scale well. Double their size & you get double the output (or more).Other things donโ€™t, & it is important to know which is which.

A good summary of investing history is that stocks pay a fortune in the long run but seek punitive damages when you try to be paid sooner
Read 6 tweets
A new report by the #WWF shows that humans are overusing earthโ€™s biocapacity by over 50%, rendering over 68% of all the worldโ€™s animal life extinct.
by @AlanRMacLeodโ€ฆ #ClimateCrisis #ClimateChange #GlobalWarming #Capitalism #animals
Research has shown that the people most responsible for a warming planet were disproportionately the same people attending the summit and an increasing number of observers see #ClimateChange, #inequality and #capitalism as bound together.
by @AlanRMacLeodโ€ฆ
If the wealthiest ten percent of society continue to live as they do, the worldโ€™s entire carbon budget will be blown by 2033, even if all other emissions drop to zero.
by @AlanRMacLeodโ€ฆ #ClimateCrisis #ClimateChange #inequality #WealthManagement #Finances
Read 3 tweets
๐๐ž๐ฐ ๐’๐ญ๐จ๐œ๐ค ๐ˆ๐๐ž๐š - #๐Œ๐Ž๐…๐’๐‹

Market Cap-8,610

CMP- 580

๐–๐ก๐ฒ ๐๐ฎ๐ฒ ๐š๐ญ ๐‚๐Œ๐ ๐ข๐ž ๐Ÿ“๐Ÿ–๐ŸŽ

๐Š๐ž๐ฒ ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ

๐Ÿ.๐€๐ฌ๐ฌ๐ž๐ญ ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ

Read 9 tweets
1/ If I owned a financial planning business, here's what I would be doing right now when it comes to client communications and Marketing:
1. Write one article per week (to be posted on my blog + emailed out to clients and prospects) summarizing the weekโ€™s events and give my thoughts/provide historical perspectives

#DigitalMarketing #WealthManagement #financialplanning #fintwit
2. Record a video on my phone (to be embedded with the article), going over the key points of that weekโ€™s post.
Upload video to Youtube and share across social media natively (meaning, don't link to Youtube, upload natively)

Here's how:โ€ฆ
Read 11 tweets
few super-duper traders who when get right often seen these days mocking investors, warren buffet quotes
I will say in stock market both have their time.. some times traders feel investors are dumb, sometimes investors feel traders are dumb
as both investor and trader I can say
yes, I m enjoying making money by shorting but at the same time, I can feel the pain of investors as my own portfolio is bleeding but this is a part of the game and a process through which everyone has to go.
at this time I remember quotes of warren buffet and few learnings----
a thread-
Let's start with Warrenโ€™s Quote "Unless you can watch your stock holding decline by 50 percent without becoming panic-stricken, you should not be in the stock market."
Read 12 tweets
Prioritising Equity over AT1 bond holders in #YesBank draft resolution is a first in this country!
In all fairness @RBI is setting up a bad precedent for the bond industry by subverting their rights. Critical takeaways:
1) Scares away a potential source of capital for all banks
2) Existing AT1 holders will start dumping their stock in fear of similar subversion in future as well.
3) This can lead to a potential escalation in yields. Raising Cost of capital in future for other players
4) There have been cases of PSU bank mergers previously as well
But never have AT1 bond holders suffered like this. Even the interest payments were not missed, leave aside capital being eroded.
5) Completely marking down the value to zero and keeping equity at 10Rs is not a legally tenable course of action.
Read 6 tweets
@McKinsey_MGI has a report out titled; 'On the cusp of change: North American #WealthManagement in 2030' it holds some good #insights & food for thought for practitioners in the space...A few takeaways..(1/3) The changes since 2000 & the path ahead.. Image
2/3 North American #WealthManagement industry set to see '7000 'traditional advisors' retire over the next 5 years. In the next 10 years advisors will move from role as investment manager to that of "integrated life/wealth coach"...#US #InvestmentManagement #trends Image
3/3 North American #WealthManagement #trends - The path ahead #FinTech will eat the retail segment w. #BigTech moving beyond the back office support & following Chinese model. Top tier #HNWI & #UHNWI segment will become even more bespoke...#GlobalTrends #Wealth Image
Read 3 tweets
The @Capgemini 'Top trends in #WealthManagement: 2020' report is out and holds some good insights and food for thought for those operating in the space...A few takeaways...(1/6) Image
2/6 #ESG #Investing - Framework adoption - Drivers and opportunities as well as trend overview and implications...#GlobalTrends Image
3/6 The demographic shift and related #wealth transfer underway..."Women are expected to control nearly $72trln of global wealth in 2020." #GlobalTrends #WealthManagement #Demographics Image
Read 6 tweets
A recent CF40 event on promoting cash management products compliance and risk prevention:โ€ฆ #WealthManagement
The event came following an announcement by China Banking and Insurance Regulatory Commission on December 27th to solicit public opinions on the regulation of the management of CMPs amid the ongoing transformation of wealth management products (WMPs) in China.
While the recent announcement on CMPs aims to further optimize existing policies, it also brings challenges to both financial institutions and regulatory agencies.
Read 5 tweets
Xiao Gang, CF40 Senior Fellow, released the 2019 Report on the Development of #SmartFinance in China in the third Jinjialing #WealthManagement Forum.โ€ฆ
Xiao gave eleven suggestions to promote the sound advancement of smart finance in China from three perspectives: planning, infrastructure building and regulatory supports.
He emphasized the importance of adequate fundamental research, reasonable product application and prudent risk management in developing smart finance, and suggested to set a 3-year agenda for its development with innovative regulatory models and enhanced investor protection.
Read 6 tweets

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