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Dear Bruce: What can be done if a stock broker/financial adviser places your funds in an account that harms your income? The broker admits the mistake and admits he should have known the “product” better, but no attempt has been made to recover the funds. – D.D., via email
Dear D.D.: I don’t completely understand your statement about “an account that harms your income.” If you mean that the stockbroker invested in funds and that the funds, for almost any reason other than fraud, declined in value, that’s the nature of investing. If, in fact, there was some deliberate act – such as selling a security off their shelf, which is not an arm’s-length transaction – there may be some reason to recover.
I would talk first to the BRUCE WILLIAMS compliance officer for that firm; there very likely is one in each individual office. Without more specific details, I don’t think anyone could go any further. If you wish to supply those details, I would be happy to get back to you.
Dear Bruce: I am sending you this question on behalf of my mother-in-law. She, her sister and their cousin received a sizable inheritance from another cousin, who lived in Utah at the time of her death.
When reviewing your companys current financial situation, creating a new budget is typically a key component of being able to allocate your existing funds more appropriately. Re-evaluating your financial priorities frequently can help keep your professional spending habits in check. The following are some practical suggestions that can help you make the best use of your companys funds.
Compare your current budget to your ideal budget. There are two simple questions you need to ask yourself when considering a new budget for your company:
- How do you allocate your money now?
- How should you be allocating it?
This is typically a matter of differentiating between what you want to spend your money on versus what you need to spend your money on. From here, you can consider things like whether you are currently investing too little or if you should spend more (temporarily) to pay off debts. When it comes to company expenses, consider whether youre operating at a level appropriate to your means or if you could cut back on some small, unnecessary purchases that tend to add up at the end of the month.
Hire a financial planner whos bonded.
Ed note: Starting today, professionals in Malaysia, Indonesia and Korea can now sign-up for LinkedIn in their very own local language. This is a post from Arvind Rajan, Managing Director and Vice President of APAC and Japan at LinkedIn.
Today, I am pleased to share LinkedIn.com is now available in in three new local languages – Bahasa Indonesia, Bahasa Malaysia and Korean. As a truly global professional network we continue to grow and deepen our footprint in the Asia Pacific region, by being more local and relevant to professionals in each of these different countries.
There are now more than 20 million members in Asia Pacific and Japan who have already established their professional identities and are building their networks and gaining access to insights and opportunities on LinkedIn. We believe that this member base will continue to grow strongly. In addition to the launch of Bahasa Malaysia, Bahasa Indonesia and Korean today, we’ve also recently launched LinkedIn in Japanese and opened offices in Singapore and Japan earlier this year.
So, if you’re a professional in any of these three countries, all you’ve to do to start accessing LinkedIn is to create a LinkedIn Profile in Bahasa Indonesia, Bahasa Malaysia or Korean by going to , , or . Current L