Registered Investment Advisors Association In The Offing

Registered Investment Advisors Association In The Offing

A seven-member job force comprising Harsh Roongta, Lovaii Navlakhi, Rajendra Kalur, Sadique Neelgund, Suresh Sadagopan, Vishal Dhawan, and Vivek Rege are working on developing a pan-India association of Registered Investment Advisors (RIAs). Currently, there are 782 RIAs registered with SEBI. Individuals and corporates that keep RIA licenses can be a right part of this association. The not-for-profit association shall act as a common voice for all RIAs in India. The objective of this association is to represent and promote the eye of RIAs among various stakeholders like regulators, associations, fund houses, technology providers, media, investors, new career aspirants, and to provide thought leadership and professional guidelines to RIAs.

The task power has come up with three titles for the association and can soon freeze one of these based on responses from RIA. The duty push is along the way of appointing board associates for the association presently. RIA’s who’ve not participated in the survey should connect through facilitators Network FP or the task force members and obtain the link. The association shall have an annual membership as well as life membership options. All users will have similar voting corporates and rights can have two users stand for them in conferences.

However, all this means is that the council has used a gamble which happens to have paid. This would have only made sense if they could have predicted the future. But if they could do that, they might have eliminated with (a). I’ll explore this more below within the next point. So without predicting the future you would never have eliminated for (d).

To labor the point, how will you judge your treasurer? Do you take a look at their capability to predict the near future, and appearance at how things have proved? Then doing a LOBO was at best slightly better than two terrible alternative options for long-term borrowing. Or do you look at what they did at that time and look at their performance with the info that was available then?

Then the PWLB long or short rates were both comparable and the LOBO offer was definitely worse. Incidentally all of this analysis assumes a reasonably conservative profit on the initial deal. Most of the comprehensive research I have seen indicates profits were much larger than this. Imagine a council finance committee meeting that probably never happened.

The treasurer is then informed by his councilors that they were seriously concerned about the 3rd component of the LOBO. Effectively the council has taken on an uninsured risk (that the deals would be broken early, if interest rates increased enough) which is simply as dangerous as not insuring their council structures for fire risk.

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They ask the treasurer to find a person who would make sure of them and pay an insurance payment to hide against this risk yearly. It needs to be to protect the second component, and also to make the bank’s their profits (which more in a second), and pay all the commissions because of the intermediaries. As we’ve seen the insurance payment plus the LOBO would have been more expensive than borrowing from the PWLB; the difference being the banking institution’s profit.

If we use the quantities above the insurance contract could have cost about £1 million upfront, or 0.66% a season. The whole deal could have been priced at 5.41%; more than the PWLB rate. The treasurer crosses their fingertips and hopes nothing at all bad happens Instead. Let’s now fast forward a couple of years.