An ETF or an Exchange Traded Fund is, as the name implies, a fund. These funds are listed and traded on exchanges such as the FTSE or DJIA.
In their simplest form ETF's seek to mirror the performance of an index. For example the FTSE 100. The performance of the FTSE 100 ETF will be correlated directly to the performance of the index.
ETF's are usually low cost and trade like stocks, so you can buy and sell them quickly.
ETF's are an increasingly popular investment vehicle and as the demand has increased so have the amount of ETF's available in the market place, also the diversity of underlying asset has increased. ETF's can now be bought leveraged, long or short on the market, and in quite exotic asset classes, for example, new energies.
To understand how ETF's can benefit you, save you money and give you access to interesting investment classes take a look at our trading platform provided by iFast. Details are here
Article written by Mark Paine, Meyado Singapore
Thursday, October 13, 2011
Tuesday, October 11, 2011
Find an IFA in Singapore
How do you go about finding an IFA in Singapore?
Technically IFA's, or Independent Financial Advisors / Advisers (see my other note on spellings Here ) don't exist in Singapore. The MAS (Monetary Authority of Singapore) is very fussy over the use of the word Independent when it comes to Financial Advisers. All entities which provide advice to clients are registered as Financial Advisers, the individuals licensed within those organisations are known as Financial Representatives. So it is a Financial Representative you are looking for in Singapore, not an IFA.
To find an adviser is tricky - there is a list of firms on the MAS website, or you could Google "find a financial adviser in singapore". If you wait long enough however chances are one will track you down and call you whilst you are happily at home in the evening watching TV (they trawl the phone books looking for anglo sounding names).
Be that as it may IFA's in Singapore (if it makes them easier to call them that) are in the main well qualified, well trained and provide a good service, advising only well regulated and good products. The problems which occur with products usually arise from clients not understanding the product, commiting too much for too long or a change in circumstances.
We would love the opportunity to tell you about what Meyado has to offer. Please contact us via our website www.meyado.com.sg
Technically IFA's, or Independent Financial Advisors / Advisers (see my other note on spellings Here ) don't exist in Singapore. The MAS (Monetary Authority of Singapore) is very fussy over the use of the word Independent when it comes to Financial Advisers. All entities which provide advice to clients are registered as Financial Advisers, the individuals licensed within those organisations are known as Financial Representatives. So it is a Financial Representative you are looking for in Singapore, not an IFA.
To find an adviser is tricky - there is a list of firms on the MAS website, or you could Google "find a financial adviser in singapore". If you wait long enough however chances are one will track you down and call you whilst you are happily at home in the evening watching TV (they trawl the phone books looking for anglo sounding names).
Be that as it may IFA's in Singapore (if it makes them easier to call them that) are in the main well qualified, well trained and provide a good service, advising only well regulated and good products. The problems which occur with products usually arise from clients not understanding the product, commiting too much for too long or a change in circumstances.
We would love the opportunity to tell you about what Meyado has to offer. Please contact us via our website www.meyado.com.sg
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Financial Adviser or Financial Advisor in Singapore?
I often get asked by new hires why we spell Adviser with an "E". This is in fact the correct English spelling.
Advisor, with an "O" is the American version.
The vast majority of people will naturally spell adviser with an O, and if you Google "Advisor" you get about 4 times as many hits as with "Adviser".
I suppose then if you are British and want to be correct you would use Adviser, but if you want more web traffic you will sucumb to the American influence and use Advisor.
The term is also interchangeable with IFA which I explain here
Whichever you are looking for Meyado has advisers and advisors in abundance available to help.
www.meyado.com.sg
Advisor, with an "O" is the American version.
The vast majority of people will naturally spell adviser with an O, and if you Google "Advisor" you get about 4 times as many hits as with "Adviser".
I suppose then if you are British and want to be correct you would use Adviser, but if you want more web traffic you will sucumb to the American influence and use Advisor.
The term is also interchangeable with IFA which I explain here
Whichever you are looking for Meyado has advisers and advisors in abundance available to help.
www.meyado.com.sg
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Sunday, October 2, 2011
Assistant Branch Manager Position
Meyado Private Wealth Management is seeking an Assistant Branch Manager to help in the running of its successful Singapore operation. Meyado is one of the most successful regulated Financial Advisers in Singapore, with audited profit growth for the past 3 years of over 500%, the firm focuses on Pride, Profit and Fun.
Reporting directly to the Managing Director this will be a position of authority and responsibility. This exciting and rare opportunity to progress to senior management in the offshore financial services industry will require a strong candidate with a passion for the industry, huge drive and determination to be immensely successful, as well as the tenacity and strength of character to overcome challenging situations and capitalise on this incredible opening.
The position will require managing the existing team of advisers, assistance in the recruitment and training of new advisers, development of advisers, sales management, and personal sales.
• The successful candidate will have a Minimum of 3 years Sales Experience in regulated Financial Services,
• Have demonstrated Sales success which can be proven, and an Ambition to be in Management.
• A Strong Geographic orientation to Singapore is essential.
• Ideally Aged between 27-36, references will be taken up.
The company offers a generous results orientated package consisting of salary, over ride on sales team, share of branch profit and own commission income. OTE SGD$300,000. Note: Singapore residents pay a maximum of 20% income tax.
Applicants should provide a cover letter detailing specifics of why they are interested in the particular position, a detailed CV highlighting relevant qualifications and experiences making them suitable for the position, and a current business photograph.
Contact Singapore@meyado.com
Reporting directly to the Managing Director this will be a position of authority and responsibility. This exciting and rare opportunity to progress to senior management in the offshore financial services industry will require a strong candidate with a passion for the industry, huge drive and determination to be immensely successful, as well as the tenacity and strength of character to overcome challenging situations and capitalise on this incredible opening.
The position will require managing the existing team of advisers, assistance in the recruitment and training of new advisers, development of advisers, sales management, and personal sales.
• The successful candidate will have a Minimum of 3 years Sales Experience in regulated Financial Services,
• Have demonstrated Sales success which can be proven, and an Ambition to be in Management.
• A Strong Geographic orientation to Singapore is essential.
• Ideally Aged between 27-36, references will be taken up.
The company offers a generous results orientated package consisting of salary, over ride on sales team, share of branch profit and own commission income. OTE SGD$300,000. Note: Singapore residents pay a maximum of 20% income tax.
Applicants should provide a cover letter detailing specifics of why they are interested in the particular position, a detailed CV highlighting relevant qualifications and experiences making them suitable for the position, and a current business photograph.
Contact Singapore@meyado.com
Sunday, September 4, 2011
Rugby 7's
To all our clients and fellow rugby fans,
A big thank you from all of us at Meyado Private Wealth Management to those of you who attended the Corporate Rugby Sevens event on Saturday and helped cheer on our team. For those of you who couldn’t make it you missed a great day!
Not even a tropical downpour during kick off at the Yio Chu Kang Stadium could dampen the spirits as eight teams battled it out under an increasingly hot sun.
The Meyado Team in green and white played with great tenacity and skill earning themselves a well-deserved place in the semi-finals. Well done to them.
Guests in our private hospitality area enjoyed a constant supply of food and drink, and congratulations to the winner of our raffle who has bagged the magnum of champagne!
Follow this link to see some pictures of the action, including our very own Jamie getting stuck in: www.photobucket.com/meyadorugby
Thank you to you all once again, we look forward to inviting you to enjoy some more Meyado hospitality soon.
A big thank you from all of us at Meyado Private Wealth Management to those of you who attended the Corporate Rugby Sevens event on Saturday and helped cheer on our team. For those of you who couldn’t make it you missed a great day!
Not even a tropical downpour during kick off at the Yio Chu Kang Stadium could dampen the spirits as eight teams battled it out under an increasingly hot sun.
The Meyado Team in green and white played with great tenacity and skill earning themselves a well-deserved place in the semi-finals. Well done to them.
Guests in our private hospitality area enjoyed a constant supply of food and drink, and congratulations to the winner of our raffle who has bagged the magnum of champagne!
Follow this link to see some pictures of the action, including our very own Jamie getting stuck in: www.photobucket.com/meyadorugby
Thank you to you all once again, we look forward to inviting you to enjoy some more Meyado hospitality soon.
Thursday, August 18, 2011
Wednesday, August 17, 2011
2011 Corporate Rugby 7's
Meyado is sponsoring this years Rugby 7's in Singapore.
If you would like to come along as our guest we would love to welcome you. Contact us via the website for an invitation.
www.meyado.com.sg
If you would like to come along as our guest we would love to welcome you. Contact us via the website for an invitation.
www.meyado.com.sg
Sunday, July 17, 2011
Meyado Enters the Standard Chartered 10k Run
We have confirmed entrance for the December 4th 10k run in Singapore. We were too small to enter a corporate team as you needed 25 runners, but we've all entered and are now in active training.
This is a great example of our ethos of Helping People and Achieving Goals
More info here
This is a great example of our ethos of Helping People and Achieving Goals
More info here
Tuesday, July 12, 2011
Updated Meyado Singapore Website Features
We are pleased to confirm the launch of our client section of the Meyado Singapore website.
Clients can now log in and access a range of services including full online administration support, asset allocation recommendations and valuations of their investments. Additionally all member clients now have access to the exclusive Meyado investment platform giving cost effective and flexible access to thousands of funds and ETF's.
For more details visit http://www.meyado.com.sg/ and click on Straits Membership
Clients can now log in and access a range of services including full online administration support, asset allocation recommendations and valuations of their investments. Additionally all member clients now have access to the exclusive Meyado investment platform giving cost effective and flexible access to thousands of funds and ETF's.
For more details visit http://www.meyado.com.sg/ and click on Straits Membership
Singapore ranked 8th most expensive city for expats
LONDON - SINGAPORE has entered the top 10 list of Mercer's 2011 cost of living survey, moving up two spots to be ranked the 8th most expensive city for expatriates. Angola's capital, Luanda, has retained the unenviable title of the world's most expensive city for expatriates, narrowly edging out Tokyo, according to the survey published on Tuesday.
At the other end of the scale, the Mercer group's study named the Pakistani port Karachi as the least expensive city, with living around three times cheaper than in Luanda.
New entries in the top 10 list of the costliest cities in the world for expatriates are Singapore (8), up from 11, and Sao Paolo (10), which has jumped 11 places since the 2010 ranking.
The most expensive city in Asia is Tokyo (2), followed by Osaka (6). Singapore (8) has joined the list of the world's top 10 most expensive cities in the world due to the strengthening of the Singapore Dollar and the substantial increase in housing costs.
It is followed by Hong Kong (9) whose ranking dropped by one position due to the devaluation of the Hong Kong Dollar which is pegged to the US Dollar, even though there was considerable increase in housing costs.
During the past year, the US Dollar has devalued against most Asian currencies. In particular, the Singapore Dollar and Australian Dollar appreciated considerably, not only against the US Dollar, but against other currencies such as the Euro and British Pound. -- AFP
Background:
The Mercer cost of living survey covers 214 cities across five continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment. It is the world's most comprehensive cost of living survey and is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. New York is used as the base city and all cities are compared against New York. Currency movements are measured against the US dollar. The cost of housing - often the biggest expense for expatriates - plays an important part in determining where cities are ranked.
At the other end of the scale, the Mercer group's study named the Pakistani port Karachi as the least expensive city, with living around three times cheaper than in Luanda.
New entries in the top 10 list of the costliest cities in the world for expatriates are Singapore (8), up from 11, and Sao Paolo (10), which has jumped 11 places since the 2010 ranking.
The most expensive city in Asia is Tokyo (2), followed by Osaka (6). Singapore (8) has joined the list of the world's top 10 most expensive cities in the world due to the strengthening of the Singapore Dollar and the substantial increase in housing costs.
It is followed by Hong Kong (9) whose ranking dropped by one position due to the devaluation of the Hong Kong Dollar which is pegged to the US Dollar, even though there was considerable increase in housing costs.
During the past year, the US Dollar has devalued against most Asian currencies. In particular, the Singapore Dollar and Australian Dollar appreciated considerably, not only against the US Dollar, but against other currencies such as the Euro and British Pound. -- AFP
Background:
The Mercer cost of living survey covers 214 cities across five continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods and entertainment. It is the world's most comprehensive cost of living survey and is designed to help multinational companies and governments determine compensation allowances for their expatriate employees. New York is used as the base city and all cities are compared against New York. Currency movements are measured against the US dollar. The cost of housing - often the biggest expense for expatriates - plays an important part in determining where cities are ranked.
Monday, July 11, 2011
Sunday, June 26, 2011
Thursday, June 2, 2011
Singapore Property Market View
When a country registers a 15 percent growth rate, as Singapore did last year, there is bound to be a spill-over wealth effect. Singapore’s housing market has been cashing in on this big time - prices have rebounded 50 percent in just two years, according to the Urban Redevelopment Authority, and cooling measures by the government have done little to calm them.
By 2014 an unprecedented number of housing units are expected to enter the Singapore market.
At a recent real estate conference organized by the National University of Singapore, which explored the theme “Will the boom never end,” Chua Chor Hoon, Head of South East Asia Research at property consultancy DTZ, said the Singapore residential market is not likely to decline much because of strong economic growth. But, she also outlined a worst-case scenario, which could unfold as early as 2013-2014. "If all the ingredients come together it will make a perfect storm," she told the audience.
These ingredients include falling demand, more supply and higher interest rates all kicking in together.
Interest rates in Singapore are currently at record lows because lending rates in the city-state track U.S. monetary policy. That’s allowed some homebuyers to pay less than one percent in the first year of their loans, says Chua. Most analysts, however, expect interest rates to begin moving higher later this year.
Second, in 2014 an unprecedented number of housing units are expected to enter the market. According to the URA’s latest quarterly report, 32,359 units will be completed over 2013 and 2014 that is 85 percent more than the 17,501 units expected over 2011 and 2012.
Add to this the fact that Singapore’s price-to-rent ratio has increased from 20 in 2009, during the financial crisis, to 25 currently, according to URA and DTZ research. That means it will take 25 years for a homebuyer to recover, through rents, what he paid for the house. As a result, Chua says, people investing in this market often have a short-term view looking to “flip” the property for capital gains.
Foreign buyers are also helping boost Singapore’s property market, especially at the high end. According to DTZ’s latest report, foreign buyers of private homes in the first quarter of 2011 touched a record high of 16 percent. But Chua points out that this could drop, if the government further tightens immigration rules.
“Local concerns about high housing prices and the influx of foreigners that were magnified during the recent General Election will be a catalyst for the review of immigration and housing policies, which could dampen demand in the residential market in the coming months, ” Chua wrote in a report.
While growth forecasts for Singapore over the next five years at 4-6 percent will support the property market says Chua, one cannot rule out another unforeseen external crisis like the financial meltdown, which could also lead to a market crash. While the bulls might find it hard to believe that something like that can happen again, another speaker at the same conference had this to say: “We always think this time it will be different, but it never is.”
By: Gauri Bhatia
Features Editor, CNBC.com Asia Pacific
Contact Meyado to discuss how this may affect you
By 2014 an unprecedented number of housing units are expected to enter the Singapore market.
At a recent real estate conference organized by the National University of Singapore, which explored the theme “Will the boom never end,” Chua Chor Hoon, Head of South East Asia Research at property consultancy DTZ, said the Singapore residential market is not likely to decline much because of strong economic growth. But, she also outlined a worst-case scenario, which could unfold as early as 2013-2014. "If all the ingredients come together it will make a perfect storm," she told the audience.
These ingredients include falling demand, more supply and higher interest rates all kicking in together.
Interest rates in Singapore are currently at record lows because lending rates in the city-state track U.S. monetary policy. That’s allowed some homebuyers to pay less than one percent in the first year of their loans, says Chua. Most analysts, however, expect interest rates to begin moving higher later this year.
Second, in 2014 an unprecedented number of housing units are expected to enter the market. According to the URA’s latest quarterly report, 32,359 units will be completed over 2013 and 2014 that is 85 percent more than the 17,501 units expected over 2011 and 2012.
Add to this the fact that Singapore’s price-to-rent ratio has increased from 20 in 2009, during the financial crisis, to 25 currently, according to URA and DTZ research. That means it will take 25 years for a homebuyer to recover, through rents, what he paid for the house. As a result, Chua says, people investing in this market often have a short-term view looking to “flip” the property for capital gains.
Foreign buyers are also helping boost Singapore’s property market, especially at the high end. According to DTZ’s latest report, foreign buyers of private homes in the first quarter of 2011 touched a record high of 16 percent. But Chua points out that this could drop, if the government further tightens immigration rules.
“Local concerns about high housing prices and the influx of foreigners that were magnified during the recent General Election will be a catalyst for the review of immigration and housing policies, which could dampen demand in the residential market in the coming months, ” Chua wrote in a report.
While growth forecasts for Singapore over the next five years at 4-6 percent will support the property market says Chua, one cannot rule out another unforeseen external crisis like the financial meltdown, which could also lead to a market crash. While the bulls might find it hard to believe that something like that can happen again, another speaker at the same conference had this to say: “We always think this time it will be different, but it never is.”
By: Gauri Bhatia
Features Editor, CNBC.com Asia Pacific
Contact Meyado to discuss how this may affect you
Sunday, May 29, 2011
Investing is a lifetime commitment
Georgian England, the late 1700’s and England has a problem, old people who are no longer fit to work are lying destitute in the streets. The government of the time, in an effort to provide some form of shelter for these unfortunate souls, establish work houses. It would take some dire circumstances for someone to knock on the door of one of these imposing buildings and to ask for sanctuary but with no state benefit to rely upon this was the only option for many. This system existed until later Victorian times when the state began to intervene and support those who could not provide for themselves.
In 1908 the Old Age Pension Act came into force and compulsory pension contributions began in 1909 – finally there was some provision for those not of independent means to enjoy, if not a comfortable retirement, an existence come old age.
Back to the modern age and we have been educated that we need to save, learn to provide for ourselves and our families through investing and insuring ourselves. Pensions and savings have become an entire industry, companies like ours, as well as banks and insurance firms, rely upon people’s need and desire to create wealth and live more comfortably, having lifetime commitments to savings. Governments around the world put incentives in place to force and encourage people to save, through tax incentives and legislation, for their retirement so they are not a burden to the state.
In Singapore the non PR British expatriate has no such incentive. Whilst we can contribute to the state pension system in the UK by National Insurance, most people do not, and the vast majority do not make enough or indeed any personal pension provision. Add to that, in the main, without tax incentives or compulsory government legislation companies are not providing for their staff. Ah, Georgian England looms, but where are the provisions for us poor expatriates? Well of course they don’t exist so solutions for savers need to be found, firstly to source suitable investments and secondly to manage them.
There are some basics to consider when sourcing a long term investment solution. They are to establish objectives, then set a time frame, calculate the amounts affordable to set aside, the access requirements, attitude toward risk, flexibility to change structure, fees and charges, and tax implications. Having a defined investment strategy will help ensure that savers have a plan to stick to – if a discipline is maintained on stop gains and losses savers will be much more likely to achieve their goals. Investments should be simple, understandable and have defined objectives. Once these are in place the next step is to seek solutions.
For long term, companies like Meyado advise on amongst other things, international savings schemes, but even these are not entirely perfect. Flexibility of these savings plans is usually priority for investors, however flexibility means that at the first sign of decreased cash flow or change in circumstances the pension is the first to suffer – whether it be a family emergency or redundancy, not to mention a new car or holiday. Flexibility of these plans is one of their biggest weaknesses for discipline when there are other distractions for savers cash. Large bonuses exist to entice long term savings and you savers take advantage of that, but this should account only for a portion of their savings ability. Most long term savings are created by accumulating money on a monthly basis, so the savings level needs to be pertinent – in general savers should aim to accumulate between 20 and 40% of their income in savings, split between short term cash, medium term capital and long term income provision.
If savers have accumulated capital, or have received a lump sum from the sale of a house, or inheritance perhaps, the investment strategy should be different. With monthly cost averaging savers can afford to take higher risks, with capital they should look for a strategy which will not put their principle at undue risk, but give you opportunities to outpace inflation in terms of growth. Not easy, but the investment world learns quickly and there are many firms out there being creative and structuring funds and other investments which do just that. Direct investment in shares for most clients who are busy working full time should represent no more than 20% of their portfolios, mainly due to the time and effort versus reward. Warren Buffet has an approach of holding no more than 10 investments, and aim for value and dividend income, quite sensible.
Conducting ongoing reviews with any investment is vital, as taxation in the UK can be harsh, benefits often being treated as income rather than capital gains. These rules are constantly changing and there are plenty of urban myths when it comes to what works and does not when it comes to repatriation. Certainly the UK government does not make it simple for non residents to accumulate pension benefits whilst living outside of the country and bring them back into the UK tax efficiently.
All is not lost though. It is a complex situation but if you are disciplined and put some sensible plans in place you can reach that elusive goal called financial freedom, giving you the choice to do what you like later on in life. However, one thing is for sure, if you don’t provide for yourself no one else is going to force you to and that could land you in some serious old age trouble.
In 1908 the Old Age Pension Act came into force and compulsory pension contributions began in 1909 – finally there was some provision for those not of independent means to enjoy, if not a comfortable retirement, an existence come old age.
Back to the modern age and we have been educated that we need to save, learn to provide for ourselves and our families through investing and insuring ourselves. Pensions and savings have become an entire industry, companies like ours, as well as banks and insurance firms, rely upon people’s need and desire to create wealth and live more comfortably, having lifetime commitments to savings. Governments around the world put incentives in place to force and encourage people to save, through tax incentives and legislation, for their retirement so they are not a burden to the state.
In Singapore the non PR British expatriate has no such incentive. Whilst we can contribute to the state pension system in the UK by National Insurance, most people do not, and the vast majority do not make enough or indeed any personal pension provision. Add to that, in the main, without tax incentives or compulsory government legislation companies are not providing for their staff. Ah, Georgian England looms, but where are the provisions for us poor expatriates? Well of course they don’t exist so solutions for savers need to be found, firstly to source suitable investments and secondly to manage them.
There are some basics to consider when sourcing a long term investment solution. They are to establish objectives, then set a time frame, calculate the amounts affordable to set aside, the access requirements, attitude toward risk, flexibility to change structure, fees and charges, and tax implications. Having a defined investment strategy will help ensure that savers have a plan to stick to – if a discipline is maintained on stop gains and losses savers will be much more likely to achieve their goals. Investments should be simple, understandable and have defined objectives. Once these are in place the next step is to seek solutions.
For long term, companies like Meyado advise on amongst other things, international savings schemes, but even these are not entirely perfect. Flexibility of these savings plans is usually priority for investors, however flexibility means that at the first sign of decreased cash flow or change in circumstances the pension is the first to suffer – whether it be a family emergency or redundancy, not to mention a new car or holiday. Flexibility of these plans is one of their biggest weaknesses for discipline when there are other distractions for savers cash. Large bonuses exist to entice long term savings and you savers take advantage of that, but this should account only for a portion of their savings ability. Most long term savings are created by accumulating money on a monthly basis, so the savings level needs to be pertinent – in general savers should aim to accumulate between 20 and 40% of their income in savings, split between short term cash, medium term capital and long term income provision.
If savers have accumulated capital, or have received a lump sum from the sale of a house, or inheritance perhaps, the investment strategy should be different. With monthly cost averaging savers can afford to take higher risks, with capital they should look for a strategy which will not put their principle at undue risk, but give you opportunities to outpace inflation in terms of growth. Not easy, but the investment world learns quickly and there are many firms out there being creative and structuring funds and other investments which do just that. Direct investment in shares for most clients who are busy working full time should represent no more than 20% of their portfolios, mainly due to the time and effort versus reward. Warren Buffet has an approach of holding no more than 10 investments, and aim for value and dividend income, quite sensible.
Conducting ongoing reviews with any investment is vital, as taxation in the UK can be harsh, benefits often being treated as income rather than capital gains. These rules are constantly changing and there are plenty of urban myths when it comes to what works and does not when it comes to repatriation. Certainly the UK government does not make it simple for non residents to accumulate pension benefits whilst living outside of the country and bring them back into the UK tax efficiently.
All is not lost though. It is a complex situation but if you are disciplined and put some sensible plans in place you can reach that elusive goal called financial freedom, giving you the choice to do what you like later on in life. However, one thing is for sure, if you don’t provide for yourself no one else is going to force you to and that could land you in some serious old age trouble.
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Sunday, May 22, 2011
Singapore Dollar / USD / GBP
I spent some time this morning analysing views on the Singapore dollar in the short term. Whilst we see a long term return to normal levels in the short term - to end 2012 the views are wide ranging, but in Sterling terms all point in one direction, that is a further reduction in sterlings strength. The most pessimistic view was as low as 1.73, but most averaged out at 1.96
In USD terms views varied but ranged from a further decline down to 1.20 to strengthening to 1.32
In both instances Meyado has a view for expatriates to see this as a buying opportunity in the short term and advocate accumulating via cost averaging into currencies and currency denominated funds.
In USD terms views varied but ranged from a further decline down to 1.20 to strengthening to 1.32
In both instances Meyado has a view for expatriates to see this as a buying opportunity in the short term and advocate accumulating via cost averaging into currencies and currency denominated funds.
Thursday, May 19, 2011
Student Accomodation as an asset class
Given that stock markets have been an incredibly volatile and relative to return, high risk investment over the past 5 years, and bond yeilds have been the lowest anyof us have seen in our working lives, investors who are looking for stability and better than inflation returns have looked to alternative asset classes.
Boutique fund managers have emerged offering alternative investment strategies which provide low volatility returns with higher than average performance figures.
One such class of assets is that of student accomodation. These funds, based out of the UK, purchase, or invest in, student accomodation. That could be halls of residence, or houses and apartment blocks which can be let to scholars. These funds base their returns in the main on rental income yields, although some do pass on the capital gains and values of the properties they have purchased. Performance figures are in the range of 6 to 9% in GBP terms, but they often have hedged versions available in USD and Euro.
So what's the downside? The main risk factor with these funds is their ability to become liquid, this entails the sale of properties which as we all know is a slow labourious process, and an emergency sale will always yield a lower price than is usually desired. These situations could arise when there is a run on capital, such as during the credit crisis. In these situations it is not uncommon for these funds to suspend redemptions. This is to protect the other shareholders from a fire sale.
On balance these alternative funds can offer diversity and returns in a portfolio. Because of their boutique nature it is not advisable to invest more than around 10 to 15% into any one fund.
In summary for investors looking for income or stable returns these funds offer a great opportunity, but as always make sure you take advice before jumping in.
Boutique fund managers have emerged offering alternative investment strategies which provide low volatility returns with higher than average performance figures.
One such class of assets is that of student accomodation. These funds, based out of the UK, purchase, or invest in, student accomodation. That could be halls of residence, or houses and apartment blocks which can be let to scholars. These funds base their returns in the main on rental income yields, although some do pass on the capital gains and values of the properties they have purchased. Performance figures are in the range of 6 to 9% in GBP terms, but they often have hedged versions available in USD and Euro.
So what's the downside? The main risk factor with these funds is their ability to become liquid, this entails the sale of properties which as we all know is a slow labourious process, and an emergency sale will always yield a lower price than is usually desired. These situations could arise when there is a run on capital, such as during the credit crisis. In these situations it is not uncommon for these funds to suspend redemptions. This is to protect the other shareholders from a fire sale.
On balance these alternative funds can offer diversity and returns in a portfolio. Because of their boutique nature it is not advisable to invest more than around 10 to 15% into any one fund.
In summary for investors looking for income or stable returns these funds offer a great opportunity, but as always make sure you take advice before jumping in.
Tuesday, May 17, 2011
Monday, May 16, 2011
Inflation
This was a fun way to spend time on my way home last night.
In 1978 I used to get 10p per day to spend on my holiday - I would spend this money on a Commando comic which I would buy as soon as the corner shop opened and would have read by about 10am. My brother would also get 10p but wouldn't spend it and then read my comic for free once I'd finished with it. He'd save his 10p's and deposit the pound or so he'd accumulate in the Anglia building society when we got back home. I still have my Commando comics.
Who was better off and by how much?
10p in 1978 equates to 46p in today's terms.
Had 10p been invested in a deposit account in 1978 it would be worth about 117p
Commando comics are selling on Ebay now for between 65p and 300p
I'd say it's a close run thing.
These are fun sites
http://www.hbosplc.com/economy/economicfactbook.asp for deposit rates
http://www.thisismoney.co.uk/historic-inflation-calculator for inflation
In 1978 I used to get 10p per day to spend on my holiday - I would spend this money on a Commando comic which I would buy as soon as the corner shop opened and would have read by about 10am. My brother would also get 10p but wouldn't spend it and then read my comic for free once I'd finished with it. He'd save his 10p's and deposit the pound or so he'd accumulate in the Anglia building society when we got back home. I still have my Commando comics.
Who was better off and by how much?
10p in 1978 equates to 46p in today's terms.
Had 10p been invested in a deposit account in 1978 it would be worth about 117p
Commando comics are selling on Ebay now for between 65p and 300p
I'd say it's a close run thing.
These are fun sites
http://www.hbosplc.com/economy/economicfactbook.asp for deposit rates
http://www.thisismoney.co.uk/historic-inflation-calculator for inflation
Wednesday, May 11, 2011
Ongoing Reviews
The past month has seen continued shock events, both positive and negative. Without regurgitating Global events, it is clear to see that there is still an awful lot of instability in both the political, and economic underpinnings of the developed market places and huge impacts in the Middle East, with and without UN / US intervention.
The upshot of all of this has been sideways movements in major equity markets, massive swings in commodities, notably precious metals and currencies such as SGD and AUD have continued to strengthen.
For clients now it is more important than ever to get asset allocations right - our strategy over the past 18 months is paying off well and we are not changing our overall view at this stage. We are happy to discuss this, simply contact us at singapore@meyado.com or visit our website www.meyado.com.sg
The upshot of all of this has been sideways movements in major equity markets, massive swings in commodities, notably precious metals and currencies such as SGD and AUD have continued to strengthen.
For clients now it is more important than ever to get asset allocations right - our strategy over the past 18 months is paying off well and we are not changing our overall view at this stage. We are happy to discuss this, simply contact us at singapore@meyado.com or visit our website www.meyado.com.sg
Wednesday, April 13, 2011
Monday, April 11, 2011
Sunday, April 10, 2011
Thursday, March 31, 2011
QROPS: More compelling reasons to look at QROPS
QROPS: More compelling reasons to look at QROPS: "There are an estimated 5.5 million British expatriates around the globe, which equates to roughly one tenth of the British population. ..."
Tuesday, March 29, 2011
2011 UK Budget
Friends Provident have provided us with a summary of the salient points relating to our clients.
Pensions
The Government announced last year that it would consult with employers and the pensions industry with a view to reducing the 2010/11 annual allowance of £255,000. Today’s budget confirmed the annual allowance from 6 April 2011 will be £50,000
The Lifetime allowance will be reduced to £1,500,000 from April 2012.
The effective requirement to annuitise by age 75 is removed from April 2011.
Disguised remuneration – anti avoidance measures
New legislation effective from 6 April 2011 will introduce an income tax charge on members of third party arrangements designed to avoid, reduce or defer tax in respect of employee remuneration. The charge to income tax will be payable on the contribution amount being paid to the arrangement or if the reward is by way of an earmarked asset allocation, on the higher of the cost or market value. The new rules will particularly affect individuals in the UK who are or would have considered membership of an Employer Financed Retirement Benefits Scheme (EFRBS).
EFRBS have previously been attractive to high earners affected by the restrictions on pension tax relief enabling them to make retirement provision in a tax effective manner. Whilst no relief was available on contributions being paid into an EFRBS, tax was deferred until benefits were taken.
These new rules make offshore bonds an excellent alternative for funding future retirement provision for high earners. Tax is deferred until benefits are drawn and unlike the third party arrangements, is only payable on any chargeable gain as opposed to the whole of the proceeds. The bond is portable, enabling the investor to move around the world without having to change the arrangement.
IHT
The IHT nil rate band will remain frozen at £325,000 until 2014/15. There are no changes to the 40% IHT rate for the 2011/12 tax year. However from April 2012, a reduced rate of IHT of 36% will be introduced where 10 per cent or more of a deceased’s net estate is left to charity. The new rate will apply where death occurs on or after 6 April 2012. The Government will be consulting on the detailed implementation of this measure and will issue a consultation document before the summer.
Review of Non-Domicile Taxation
Following on from an announcement in the June Budget 2010, of its intention to review the tax treatment of non-UK domiciled individuals resident in the UK, the Government has announced the following proposed tax changes:
• Increase the existing £30,000 annual charge to £50,000 for non-domiciles who have been UK resident for 12 or more years and who wish to continue to benefit from the remittance basis of taxation. The £30,000 charge will be retained for those who have been resident for at least seven of the past nine years and fewer than 12 years.
• Remove the tax charge when non-domiciles remit foreign income or capital gains to the UK for the purpose of commercial investment in UK businesses.
• Simplify some aspects of the current tax rules for non-domiciles to remove undue administrative burdens.
A consultation document on the detailed proposals will be issued in June, with a view to implementation from April 2012. The Government has also announced that there will be no other substantive changes to these rules for the remainder of this Parliament.
Statutory Residence Test
The current rules that determine tax residence for individuals are unclear and complicated, and practitioners have long called for the introduction of a statutory residence test. The Government intends to issue a consultation document in June with a view to implementation from April 2012.
OTS review of reliefs and Government response
The Government has listed a selection of reliefs, identified by the Office of Tax Simplification, which it intends to abolish. In respect of insurance policies, 2 reliefs will be abolished with effect from April 2012 - life assurance premium relief and relief for life assurance premiums paid by employers under EFRBS.
Entrepreneurs’ relief
Budget 2011 announced that the entrepreneurs’ relief lifetime limit of gains will increase from £5 million to £10 million from 6 April 2011.
Enterprise Investment Scheme and Venture Capital Trusts
The rate of income tax relief given under EIS will be increased from 20 per cent to 30 per cent from 6 April 2011, subject to EU State Aid approval.
From April 2012, subject to EU State Aid approval, legislation will be introduced in Finance Bill 2012 to increase:
• the employee limit to fewer than 250 employees;
• the size threshold to gross assets of no more than £15 million before investment;
• the maximum annual amount that can be invested in an individual company to £10 million;
• the annual amount that an individual can invest under the EIS to £1million.
NIC
The Government has announced that it will consult on the integration of income tax and National Insurance contributions (NICs). The aim is to remove distortions created by the tax system, reduce burdens on business and improve fairness for individuals. The consultation document is due to be published later this year. The Chancellor stated that the integration wouldn’t extend NICs to individuals above State Pension age or to other forms of income such as pensions, savings and dividends.
From 2012 -13 the Consumer Prices Index (CPI) is to replace the Retail Prices Index (RPI) as the default indexation for all National Insurance contributions rates, limits and thresholds:
Junior ISAs
The Government will introduce a new Junior ISA product which will be available for UK resident children who do not have a CTF account. Junior ISAs will be tax-relieved and will have many features in common with existing ISA products. They will be available as a cash or stocks and shares product. It is expected that Junior ISAs will be available from autumn 2011
Corporation Tax
In addition to the reductions announced in the June Budget, the main rate of corporation tax will be reduced by a further 1%. This will take the main rate from 28% to 26% in April 2011. This rate will be reduced further over the next 3 years. The small profits rate from April 2011 will be 20%, as announced in June.
Tackling Tax Avoidance
A progress report has been published today outlining the Government’s strategy on countering tax avoidance, including:
• Identifying new generic defences against avoidance, including considering the case for a General Anti-Avoidance Rule (GAAR). A study Group on the GAAR will report in October 2011
• A programme for reviewing areas of the tax system that have repeatedly been subject to avoidance attack. Initially 2 areas have been identified for review – income tax losses and unauthorised unit trusts
• A new proposal to reduce the cash flow benefits that taxpayers can gain from using high risk avoidance schemes
• Several targeted tax measures aimed at specific avoidance risk
The above information is based on the 2011 Budget released on 23 March 2011 and is not guaranteed to become law
Pensions
The Government announced last year that it would consult with employers and the pensions industry with a view to reducing the 2010/11 annual allowance of £255,000. Today’s budget confirmed the annual allowance from 6 April 2011 will be £50,000
The Lifetime allowance will be reduced to £1,500,000 from April 2012.
The effective requirement to annuitise by age 75 is removed from April 2011.
Disguised remuneration – anti avoidance measures
New legislation effective from 6 April 2011 will introduce an income tax charge on members of third party arrangements designed to avoid, reduce or defer tax in respect of employee remuneration. The charge to income tax will be payable on the contribution amount being paid to the arrangement or if the reward is by way of an earmarked asset allocation, on the higher of the cost or market value. The new rules will particularly affect individuals in the UK who are or would have considered membership of an Employer Financed Retirement Benefits Scheme (EFRBS).
EFRBS have previously been attractive to high earners affected by the restrictions on pension tax relief enabling them to make retirement provision in a tax effective manner. Whilst no relief was available on contributions being paid into an EFRBS, tax was deferred until benefits were taken.
These new rules make offshore bonds an excellent alternative for funding future retirement provision for high earners. Tax is deferred until benefits are drawn and unlike the third party arrangements, is only payable on any chargeable gain as opposed to the whole of the proceeds. The bond is portable, enabling the investor to move around the world without having to change the arrangement.
IHT
The IHT nil rate band will remain frozen at £325,000 until 2014/15. There are no changes to the 40% IHT rate for the 2011/12 tax year. However from April 2012, a reduced rate of IHT of 36% will be introduced where 10 per cent or more of a deceased’s net estate is left to charity. The new rate will apply where death occurs on or after 6 April 2012. The Government will be consulting on the detailed implementation of this measure and will issue a consultation document before the summer.
Review of Non-Domicile Taxation
Following on from an announcement in the June Budget 2010, of its intention to review the tax treatment of non-UK domiciled individuals resident in the UK, the Government has announced the following proposed tax changes:
• Increase the existing £30,000 annual charge to £50,000 for non-domiciles who have been UK resident for 12 or more years and who wish to continue to benefit from the remittance basis of taxation. The £30,000 charge will be retained for those who have been resident for at least seven of the past nine years and fewer than 12 years.
• Remove the tax charge when non-domiciles remit foreign income or capital gains to the UK for the purpose of commercial investment in UK businesses.
• Simplify some aspects of the current tax rules for non-domiciles to remove undue administrative burdens.
A consultation document on the detailed proposals will be issued in June, with a view to implementation from April 2012. The Government has also announced that there will be no other substantive changes to these rules for the remainder of this Parliament.
Statutory Residence Test
The current rules that determine tax residence for individuals are unclear and complicated, and practitioners have long called for the introduction of a statutory residence test. The Government intends to issue a consultation document in June with a view to implementation from April 2012.
OTS review of reliefs and Government response
The Government has listed a selection of reliefs, identified by the Office of Tax Simplification, which it intends to abolish. In respect of insurance policies, 2 reliefs will be abolished with effect from April 2012 - life assurance premium relief and relief for life assurance premiums paid by employers under EFRBS.
Entrepreneurs’ relief
Budget 2011 announced that the entrepreneurs’ relief lifetime limit of gains will increase from £5 million to £10 million from 6 April 2011.
Enterprise Investment Scheme and Venture Capital Trusts
The rate of income tax relief given under EIS will be increased from 20 per cent to 30 per cent from 6 April 2011, subject to EU State Aid approval.
From April 2012, subject to EU State Aid approval, legislation will be introduced in Finance Bill 2012 to increase:
• the employee limit to fewer than 250 employees;
• the size threshold to gross assets of no more than £15 million before investment;
• the maximum annual amount that can be invested in an individual company to £10 million;
• the annual amount that an individual can invest under the EIS to £1million.
NIC
The Government has announced that it will consult on the integration of income tax and National Insurance contributions (NICs). The aim is to remove distortions created by the tax system, reduce burdens on business and improve fairness for individuals. The consultation document is due to be published later this year. The Chancellor stated that the integration wouldn’t extend NICs to individuals above State Pension age or to other forms of income such as pensions, savings and dividends.
From 2012 -13 the Consumer Prices Index (CPI) is to replace the Retail Prices Index (RPI) as the default indexation for all National Insurance contributions rates, limits and thresholds:
Junior ISAs
The Government will introduce a new Junior ISA product which will be available for UK resident children who do not have a CTF account. Junior ISAs will be tax-relieved and will have many features in common with existing ISA products. They will be available as a cash or stocks and shares product. It is expected that Junior ISAs will be available from autumn 2011
Corporation Tax
In addition to the reductions announced in the June Budget, the main rate of corporation tax will be reduced by a further 1%. This will take the main rate from 28% to 26% in April 2011. This rate will be reduced further over the next 3 years. The small profits rate from April 2011 will be 20%, as announced in June.
Tackling Tax Avoidance
A progress report has been published today outlining the Government’s strategy on countering tax avoidance, including:
• Identifying new generic defences against avoidance, including considering the case for a General Anti-Avoidance Rule (GAAR). A study Group on the GAAR will report in October 2011
• A programme for reviewing areas of the tax system that have repeatedly been subject to avoidance attack. Initially 2 areas have been identified for review – income tax losses and unauthorised unit trusts
• A new proposal to reduce the cash flow benefits that taxpayers can gain from using high risk avoidance schemes
• Several targeted tax measures aimed at specific avoidance risk
The above information is based on the 2011 Budget released on 23 March 2011 and is not guaranteed to become law
Sunday, March 20, 2011
Friday, March 18, 2011
Wednesday, March 16, 2011
Japanese Disaster, effect on markets
Mark Paine, Managing Director of Meyado Private Wealth Management Singapore, comments on recent events in Japan.
Firstly we need to acknowledge the extent of the devastation and effect on human lives this terrible event has had, our hearts and thoughts go out to those affected by the disaster.
Since events started to emerge on Friday stock markets have been in steady decline. News in Europe has not been good either and this has compounded market falls in the region.
We have been advocating a more conservative balance in portfolios since Q4 of 2010, using gold and precious metals to underpin most portfolios, as well as utilising alternative asset classes to protect capital and enhance growth over and above low interest rates.
With smaller exposure to equities we are now waiting to see buying opportunities as the market has generally over-reacted and value creation could potentially be around the corner, although not just yet.
For clients creating capital by building up assets on a cost averaging basis, saving each month or quarter, the strategies of buying into volatile equities over time works well. We continue to see longer term value in established and emerging markets and will continue to drip feed in over time to achieve value.
As is always the case, everyone has individual circumstances and would be best advised to discuss with their financial adviser as to the best course of action for them individually, but in the main with proper portfolio construction it is more a case of looking for buy in opportunities rather than panic selling. To contact an adviser at Meyado contact us at singapore@meyado.com
Firstly we need to acknowledge the extent of the devastation and effect on human lives this terrible event has had, our hearts and thoughts go out to those affected by the disaster.
Since events started to emerge on Friday stock markets have been in steady decline. News in Europe has not been good either and this has compounded market falls in the region.
We have been advocating a more conservative balance in portfolios since Q4 of 2010, using gold and precious metals to underpin most portfolios, as well as utilising alternative asset classes to protect capital and enhance growth over and above low interest rates.
With smaller exposure to equities we are now waiting to see buying opportunities as the market has generally over-reacted and value creation could potentially be around the corner, although not just yet.
For clients creating capital by building up assets on a cost averaging basis, saving each month or quarter, the strategies of buying into volatile equities over time works well. We continue to see longer term value in established and emerging markets and will continue to drip feed in over time to achieve value.
As is always the case, everyone has individual circumstances and would be best advised to discuss with their financial adviser as to the best course of action for them individually, but in the main with proper portfolio construction it is more a case of looking for buy in opportunities rather than panic selling. To contact an adviser at Meyado contact us at singapore@meyado.com
Tuesday, March 15, 2011
Wednesday, March 9, 2011
Great Story from Sky News
A comic featuring the first ever appearance of Spiderman in a comic sells for $1.1 million
Here
That's a 38% per annum compounded retrun from the original 12 cents
Here
That's a 38% per annum compounded retrun from the original 12 cents
Sunday, March 6, 2011
Private Banking Asia 2011
16.00 Tuesday 15th March
IWM Panel: How are independent wealth managers capturing clients, assets and market share in Asia’s growing private wealth markets
•Overcoming the challenges in transitioning from a private bank to an independent wealth management firm
•Assessing how to effectively reduce operational and technology costs for cost-efficient servicing
•Examining how IWMs is taking advantage of the new competitive landscape by enhancing risk management capabilities
•How to extend full balance sheet management solutions to maximise client acquisition and retention
› Mr Maikel Sajangbati,President Director, PT. MaeSa Consulting Indonesia› Mr Urs Brutsch,Managing Partner & Founder, HP Wealth Management› Mr Mark Paine,Chief Executive Officer, Meyado Private Wealth Management› Mr Mahadevan Veeramony,Chief Executive Officer, Wealth Advisors (India) Pvt Ltd
Full link here
IWM Panel: How are independent wealth managers capturing clients, assets and market share in Asia’s growing private wealth markets
•Overcoming the challenges in transitioning from a private bank to an independent wealth management firm
•Assessing how to effectively reduce operational and technology costs for cost-efficient servicing
•Examining how IWMs is taking advantage of the new competitive landscape by enhancing risk management capabilities
•How to extend full balance sheet management solutions to maximise client acquisition and retention
› Mr Maikel Sajangbati,President Director, PT. MaeSa Consulting Indonesia› Mr Urs Brutsch,Managing Partner & Founder, HP Wealth Management› Mr Mark Paine,Chief Executive Officer, Meyado Private Wealth Management› Mr Mahadevan Veeramony,Chief Executive Officer, Wealth Advisors (India) Pvt Ltd
Full link here
Thursday, February 24, 2011
Meyado is pleased to announce its move to a new office in Singapore
Details of how to find us are on our website here
Monday, February 21, 2011
Sunday, February 20, 2011
Tuesday, February 15, 2011
Monday, February 14, 2011
Meyado Straits Membership is going great guns
We have had an overwhelming response to our Straits Membership programme launched in January. Clients are able to integrate their investments with achieving lifestyle objectives and to interact with other like minded people.
For more information visit our website here
For more information visit our website here
Sunday, February 13, 2011
Saint Valentine, not such a romantic ending
The story of the original Saint Valentine and his grisly ending;
The first representation of Saint Valentine appeared in the Nuremberg Chronicle (1493); alongside the woodcut portrait of Valentine, the text states that he was a Roman priest martyred during the reign of Claudius II, known as Claudius Gothicus. He was arrested and imprisoned upon being caught marrying Christian couples and otherwise aiding Christians who were at the time being persecuted by Claudius in Rome. Helping Christians at this time was considered a crime. Claudius took a liking to this prisoner – until Valentinus tried to convert the Emperor – whereupon this priest was condemned to death. He was beaten with clubs and stoned; when that failed to kill him, he was beheaded outside the Flaminian Gate. The official Roman Martyrology for February 14 mentions only one Saint Valentine.
The first representation of Saint Valentine appeared in the Nuremberg Chronicle (1493); alongside the woodcut portrait of Valentine, the text states that he was a Roman priest martyred during the reign of Claudius II, known as Claudius Gothicus. He was arrested and imprisoned upon being caught marrying Christian couples and otherwise aiding Christians who were at the time being persecuted by Claudius in Rome. Helping Christians at this time was considered a crime. Claudius took a liking to this prisoner – until Valentinus tried to convert the Emperor – whereupon this priest was condemned to death. He was beaten with clubs and stoned; when that failed to kill him, he was beheaded outside the Flaminian Gate. The official Roman Martyrology for February 14 mentions only one Saint Valentine.
Tuesday, February 8, 2011
Wednesday, February 2, 2011
Meyado Press Release
FOR IMMEDIATE RELEASE
MEYADO PRIVATE WEALTH MANAGEMENT SINGAPORE ANNOUNCES 500% INCREASE IN NET PROFITS
SINGAPORE. 8 February, 2011 – Meyado Private Wealth Management Singapore has seen a 500% increase in net profits and a dividend to shareholders against a backdrop of a booming Singapore market place.
In 2010, Meyado’s assets under influence grew exponentially due to investment growth and new investments, making it a phenomenal year for the wealth management firm. The growth was, in main, a result of the launch of Meyado’s Straits Membership program, which has successfully linked clients’ investments to their lifestyle goals.
Through this program, Meyado offers not only investment management, but bespoke concierge services, benefits and preferential treatments with a select group of merchants, and privileged access to a variety of business, social, and networking events throughout the year for its customers. This is another one of Meyado’s efforts to reward valued clients for their loyalty, and provide distinctly personalised service in an increasingly competitive marketplace.
Mark Paine, Managing Director of Meyado says, “In 2011, Meyado aims to increase its revenue 30 – 40% by focusing on quality improvement, sustainable growth and creating a better client offering. We are also planning to invest in our local business through new offices and recruitment.”
Since inception in Singapore in 1999, Meyado’s steady growth over the years has been significant and is attributed to its differentiating offering and exclusive programs. Meyado’s unique service offering also includes; detailed explanations to customers and a clearly defined, predictable service which allows customers to understand and experience the benefits assured. This encourages satisfied Meyado customers to refer their friends and explore more investment opportunities to achieve their financial goals.
About Meyado Singapore:
Meyado was incorporated in Singapore in 1999 and is licensed by the Monetary Authority of Singapore as a Financial Adviser. It provides advice on capital accumulation, portfolio management and bespoke investment services to an international, aspirational client base in Singapore.
For more information visit http://www.meyado.com.sg/
Media Contacts:
Siren-Communication
Karen Flynn / Rekha Indiran
Tel: +65 6597 7049
karen@siren-communication.com
rekha@siren-communication.com
MEYADO PRIVATE WEALTH MANAGEMENT SINGAPORE ANNOUNCES 500% INCREASE IN NET PROFITS
SINGAPORE. 8 February, 2011 – Meyado Private Wealth Management Singapore has seen a 500% increase in net profits and a dividend to shareholders against a backdrop of a booming Singapore market place.
In 2010, Meyado’s assets under influence grew exponentially due to investment growth and new investments, making it a phenomenal year for the wealth management firm. The growth was, in main, a result of the launch of Meyado’s Straits Membership program, which has successfully linked clients’ investments to their lifestyle goals.
Through this program, Meyado offers not only investment management, but bespoke concierge services, benefits and preferential treatments with a select group of merchants, and privileged access to a variety of business, social, and networking events throughout the year for its customers. This is another one of Meyado’s efforts to reward valued clients for their loyalty, and provide distinctly personalised service in an increasingly competitive marketplace.
Mark Paine, Managing Director of Meyado says, “In 2011, Meyado aims to increase its revenue 30 – 40% by focusing on quality improvement, sustainable growth and creating a better client offering. We are also planning to invest in our local business through new offices and recruitment.”
Since inception in Singapore in 1999, Meyado’s steady growth over the years has been significant and is attributed to its differentiating offering and exclusive programs. Meyado’s unique service offering also includes; detailed explanations to customers and a clearly defined, predictable service which allows customers to understand and experience the benefits assured. This encourages satisfied Meyado customers to refer their friends and explore more investment opportunities to achieve their financial goals.
About Meyado Singapore:
Meyado was incorporated in Singapore in 1999 and is licensed by the Monetary Authority of Singapore as a Financial Adviser. It provides advice on capital accumulation, portfolio management and bespoke investment services to an international, aspirational client base in Singapore.
For more information visit http://www.meyado.com.sg/
Media Contacts:
Siren-Communication
Karen Flynn / Rekha Indiran
Tel: +65 6597 7049
karen@siren-communication.com
rekha@siren-communication.com
Tuesday, February 1, 2011
The Ever Increasing Singapore Dollar
The Singapore dollar's ever increasing value seems to be continuing unabated into the New Year. Sterling has breached the 2/1 value once this year already. We have not yet seen a sustained below $2 limit as yet but could this be the year? The USD picture is even harsher, although most SGD investors who are placing money into Emerging Market investments, gold and other commodities and so forth all have USD exposure the investment performance has compensated for the declining currency. Swiss Franc and Australian dollar are two of the few appreciating currencies versus Singapore dollar, although the tenancy for Singaporeans is to look toward Australia for dual currency deposits it may be worth a glance at the Swiss franc as a hedge / safe haven.
Charts come from http://www.xe.com/ here
As ever please contact Mark Paine at Meyado for more information. http://www.meyado.com.sg/ here
Charts come from http://www.xe.com/ here
As ever please contact Mark Paine at Meyado for more information. http://www.meyado.com.sg/ here
Thursday, January 27, 2011
Chinese New Year
February 3rd and 4th are a public holiday in Singapore for the Lunar New Year celebrations. We will be entering the year of the Rabbit.
For more information on the Chinese New Year click here
To all my friends, colleagues and clients in Asia, I wish you a Happy Lunar New Year!
For more information on the Chinese New Year click here
To all my friends, colleagues and clients in Asia, I wish you a Happy Lunar New Year!
Wednesday, January 26, 2011
Meyado Europe
Meyado Europe is about to launch a new website.
Take a look at http://www.meyadoeurope.com/ or click here
Take a look at http://www.meyadoeurope.com/ or click here
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About Me
- Mark Paine
- I joined Meyado Private Wealth Management as an international financial adviser in 1993. I have lived and worked in the USA, Europe, the Middle East and currently reside in Singapore in South East Asia where I am Managing Director of Meyado Pte. I am a qualified Financial Representative in Singapore under the MAS Financial Advisers Act as well as holding UK FSA CFP and FPC examinations and a BSc in Business and Law from the University of Hertfordshire in the UK. You can contact me at markpaine@meyado.com