Free CMA practice test with Exam Cram and Actual Questions gives the most current and 2022current Pass4sure Certified Management Accountant (CMA) braindumps with Actual Questions and even real questions for the latest articles of Financial CMA Exam. Training our Real CMA VCE to boost your knowledge and even pass your CMA test with good Represents. We 100% assurance your success throughout the Test Centre, covering each one particular of the themes of the test and even enhancing your Expertise of the CMA test. Pass with full surety with these appropriate questions.

CMA Certified Management Accountant (CMA) approach |

CMA approach - Certified Management Accountant (CMA) Updated: 2023

Real CMA questions that showed up in test today
Exam Code: CMA Certified Management Accountant (CMA) approach November 2023 by team

CMA Certified Management Accountant (CMA)

Content Specification Outlines

CMA® (Certified Management Accountant) Examinations

Part 1 - Financial Planning, Performance, and Analytics

A. External Financial Reporting Decisions (15% - Levels A, B, and C)

1. Financial statements

a. Balance sheet

b. Income statement

c. Statement of changes in equity

d. Statement of cash flows

e. Integrated reporting

2. Recognition, measurement, valuation, and disclosure

a. Asset valuation

b. Valuation of liabilities

c. Equity transactions

d. Revenue recognition

e. Income measurement

f. Major differences between U.S. GAAP and IFRS

B. Planning, Budgeting, and Forecasting (20% - Levels A, B, and C)

1. Strategic planning

a. Analysis of external and internal factors affecting strategy

b. Long-term mission and goals

c. Alignment of tactics with long-term strategic goals

d. Strategic planning models and analytical techniques

e. Characteristics of a successful strategic planning process

2. Budgeting concepts

a. Operations and performance goals

b. Characteristics of a successful budget process

c. Resource allocation

d. Other budgeting concepts

3. Forecasting techniques

a. Regression analysis

b. Learning curve analysis

c. Expected value

Part 1 - Financial Planning, Performance, and Analytics

4. Budgeting methodologies

a. Annual business plans (master budgets)

b. Project budgeting

c. Activity-based budgeting

d. Zero-based budgeting

e. Continuous (rolling) budgets

f. Flexible budgeting

5. Annual profit plan and supporting schedules

a. Operational budgets

b. Financial budgets

c. Capital budgets

6. Top-level planning and analysis

a. Pro forma income

b. Financial statement projections

c. Cash flow projections

C. Performance Management (20% - Levels A, B, and C)

1. Cost and variance measures

a. Comparison of genuine to planned results

b. Use of flexible budgets to analyze performance

c. Management by exception

d. Use of standard cost systems

e. Analysis of variation from standard cost expectations

2. Responsibility centers and reporting segments

a. Types of responsibility centers

b. Transfer pricing

c. Reporting of organizational segments

3. Performance measures

a. Product profitability analysis

b. Business unit profitability analysis

c. Customer profitability analysis

d. Return on investment

e. Residual income

f. Investment base issues

g. Key performance indicators (KPIs)

h. Balanced scorecard

D. Cost Management (15% - Levels A, B, and C)

1. Measurement concepts

a. Cost behavior and cost objects

b. genuine and normal costs

c. Standard costs

d. Absorption (full) costing

e. Variable (direct) costing

f. Joint and by-product costing

2. Costing systems

a. Job order costing

b. Process costing

c. Activity-based costing

d. Life-cycle costing

3. Overhead costs

a. Fixed and variable overhead expenses

b. Plant-wide vs. departmental overhead

c. Determination of allocation base

d. Allocation of service department costs

4. Supply chain management

a. Lean resource management techniques

b. Enterprise resource planning (ERP)

c. Theory of Constraints

d. Capacity management and analysis

5. Business process improvement

a. Value chain analysis

b. Value-added concepts

c. Process analysis, redesign, and standardization

d. Activity-based management

e. Continuous improvement concepts

f. Best practice analysis

g. Cost of quality analysis

h. Efficient accounting processes

E. Internal Controls (15% - Levels A, B, and C)

1. Governance, risk, and compliance

a. Internal control structure and management philosophy

b. Internal control policies for safeguarding and assurance

c. Internal control risk

d. Corporate governance

e. External audit requirements

2. System controls and security measures

a. General accounting system controls

b. Application and transaction controls

c. Network controls

d. Backup controls

e. Business continuity planning

F. Technology and Analytics (15% - Levels A, B, and C)

1. Information systems

a. Accounting information systems

b. Enterprise resource planning systems

c. Enterprise performance management systems

2. Data governance

a. Data policies and procedures

b. Life cycle of data

c. Controls against security breaches

3. Technology-enabled finance transformation

a. System development life cycle

b. Process automation

c. Innovative applications

4. Data analytics

a. Business intelligence

b. Data mining

c. Analytic tools

d. Data visualization

A. Financial Statement Analysis (20% - Levels A, B, and C)

1. Basic financial statement analysis

a. Common size financial statements

b. Common base year financial statements

2. Financial ratios

a. Liquidity

b. Leverage

c. Activity

d. Profitability

e. Market

3. Profitability analysis

a. Income measurement analysis

b. Revenue analysis

c. Cost of sales analysis

d. Expense analysis

e. Variation analysis

4. Special issues

a. Impact of foreign operations

b. Effects of changing prices and inflation

c. Impact of changes in accounting treatment

d. Accounting and economic concepts of value and income

e. Earnings quality

Part 2 - Strategic Financial Management

B. Corporate Finance (20% - Levels A, B, and C)

1. Risk and return

a. Calculating return

b. Types of risk

c. Relationship between risk and return

2. Long-term financial management

a. Term structure of interest rates

b. Types of financial instruments

c. Cost of capital

d. Valuation of financial instruments

3. Raising capital

a. Financial markets and regulation

b. Market efficiency

c. Financial institutions

d. Initial and secondary public offerings

e. Dividend policy and share repurchases

f. Lease financing

4. Working capital management

a. Working capital terminology

b. Cash management

c. Marketable securities management

d. Accounts receivable management

e. Inventory management

f. Types of short-term credit

g. Short-term credit management

5. Corporate restructuring

a. Mergers and acquisitions

b. Other forms of restructuring

6. International finance

a. Fixed, flexible, and floating exchange rates

b. Managing transaction exposure

c. Financing international trade

C. Decision Analysis (25% - Levels A, B, and C)

1. Cost/volume/profit analysis

a. Breakeven analysis

b. Profit performance and alternative operating levels

c. Analysis of multiple products

2. Marginal analysis

a. Sunk costs, opportunity costs, and other related concepts

b. Marginal costs and marginal revenue

c. Special orders and pricing

d. Make vs. buy

e. Sell or process further

f. Add or drop a segment

g. Capacity considerations

3. Pricing

a. Pricing methodologies

b. Target costing

c. Elasticity of demand

d. Product life-cycle considerations

e. Market structure considerations

D. Risk Management (10% - Levels A, B, and C)

1. Enterprise risk

a. Types of risk

b. Risk identification and assessment

c. Risk mitigation strategies

d. Managing risk

E. Investment Decisions (10% - Levels A, B, and C)

1. Capital budgeting process

a. Stages of capital budgeting

b. Incremental cash flows

c. Income tax considerations

d. Evaluating uncertainty

2. Capital investment analysis methods

a. Net present value

b. Internal rate of return

c. Payback

d. Comparison of investment analysis methods

F. Professional Ethics (15% - Levels A, B, and C)

1. Business ethics

a. Moral philosophies and values

b. Ethical decision making

2. Ethical considerations for management accounting and financial management professionals

a. IMAs Statement of Ethical Professional Practice

b. Fraud triangle

c. Evaluation and resolution of ethical issues

3. Ethical considerations for the organization

a. Organizational factors and ethical culture

b. IMAs Statement on Management Accounting, “Values and Ethics: From Inception to Practice”

c. Ethical leadership

d. Legal compliance

e. Responsibility for ethical conduct

f. Sustainability and social responsibility
Certified Management Accountant (CMA)
Financial Management approach

Other Financial exams

ABV Accredited in Business Valuation (ABV)
AFE Accredited Financial Examiner (AFE)
AngularJS AngularJS
AVA Accredited Valuation Analyst
CABM Certified Associate Business Manager
CBM Certified Business Manager (APBM CBM)
CCM Certified Case Manager (CCM)
CFE Certified Financial Examiner (CFE)
CFP Certified Financial Planner (CFP Level 1)
CGAP Certified Government Auditing Professional (IIA-CGAP)
CGFM Certified Government Financial Manager (CGFM)
CHFP Certified Healthcare Financial Professional (CHFP) - 2023
CIA-I Certified Internal Auditor (CIA)
CIA-II Certified Internal Auditor (CIA)
CIA-III The Certified Internal Auditor Part 3
CIA-IV The Certified Internal Auditor Part 4
CITP Certified Information Technology Professional (CITP)
CMA Certified Management Accountant (CMA)
CMAA Certified Merger and Acquisition Advisor (CM and AA)
CPCM Certified Professional Contracts Manager (CPCM) 2023
CPEA Certified Professional Environmental Auditor (CPEA)
CPFO Certified Public Finance Officer (Governmental Accounting, Auditing, and Financial Reporting)
CRFA Certified Forensic Accountant (CRFA)
CTFA Certified Trust and Financial Advisor (CTFA)
CVA Certified Valuation Analyst (CVA)
FINRA FINRA Administered Qualification Examination
CEMAP-1 Certificate in Mortgage Advice and Practice (CeMAP)

There are daily millions of searches on google for valid and updated CMA dumps. Most of people end up with wrong choice of vendor and fail thir CMA exam. We offer valid and updated CMA test questions Questions and Answers that really works in real test. You will get High Score in the exam.
Certified Merger and Acquisition Advisor (CM and AA)
($17,200,000 of plant and equipment+ $1,800,000 of working capital), a 15% imputed
interest charge equals $2,850,000. Adding $2,000,000 of residual income to the imputed
interest results in a target profit of $4,850,000. This profit can be achieved if costs are
$25,150,000 ($30,000,000 revenue $4,850,000 profit).
Question: 621
The following information relates to Cinder Co.s Northeast Division
Sales $600,000
Variable costs 360,000
Traceable fixed costs 60,000
Average invested capital 120,000
Imputed interest rate 8%
Cinders residual income was
A. $170,400
B. $180,000
C. $189,600
D. $230,400
Answer: A
Residual income is income of an investment center minus an imputed interest charge for
invested capital. Accordingly, Cinders residual income is $170,400 [($600,000 sales
$360,000 variable costs $60,000 traceable fixed costs) net income ($120,000 average
invested capital x 8%) imputed interest].
Question: 622
REB Service Co. is a computer service center. For the month, REB had the following
operating statistics:
Based on the above information, which one of the following statements is true? REB has a
A. Return on investment of 4%.
B. Residual income of $(5,000).
C. Return on investment of 1.6%.
D. Residual income of $(22,000).
Answer: B
Return on investment is commonly calculated by dividing pretax income by total assets
available Residual income is the excess of the return on investment over a targeted amount
equal to an imputed interest charge on invested capital. The rate used is ordinarily the
weighted-average cost of capital. Some companies measure managerial performance in terms
of the amount of residual income rather than the percentage return on investment. Because
REB has assets of $500,000 and a cost of capital of 6%, it must earn $30,000 on those assets
to cover the cost of capital. Given that operating income was only $25,000, it had a negative
residual income of $5,000.
Question: 623
Charli&s Service Co. is a service center. For the month of June, Charlies had the following
operating statistics:
Charlies has a
A. Return on investment of 3.33%.
B. Residual income of $(5,000).
C. Return on investment of 6%.
D. Residual income of $(20,000).
Answer: B
Residual income is the excess of the genuine ROl in dollars over a targeted amount equal to an
imputed interest charge on invested capital. The rate used is ordinarily the weighted-average
cost of capital. Some entities measure managerial performance in terms of the amount of
residual income ratherthan the percentage ROl. Assuming the investment base is defined as
total assets available, Charlies targeted amount is $30,000 ($500,000 total assets x 6% cost
of capital). Assuming that operating income of $25,000 is the ROI in dollars, residual income
was $(5,000). This result is consistent with defining the numerator of the ROl calculation
(Income Investment) as operating income. However, it might also be defined as net profit
aftertaxes (net income). Moreover, the ROl denominator may be defined variously, e.g., total
assets available, total assets employed, working capital plus other assets, or shareholders
equity. Edith Carolina, president of the Deed Corporation, requires a minimum return on
investment of 8% for any projectto be undertaken by her company. The company is
decentralized, and leaves investment decisions up to the discretion of the division managers
as long as the 8% return is expected to be realized. Michael Sanders, manager of the
Cosmetics Division, has had a return on investment of 14% for his division for the past 3
years and expects the division to have the same return in the coming year. Sanders has the
opportunity to invest in a new line of cosmetics which is expected to have a return on
investment of 12%.
Question: 624
Residual income is a better measure for performance evaluation of an investment center
manager than return on investment because
A. The problems associated with measuring the asset base are eliminated.
B. Desirable investment decisions will not be neglected by high-return divisions.
C. Onlythe gross bookvalue of assets needs to be calculated.
D. The arguments about the implicit cost of interest are eliminated
Answer: B
Residual income is the excess of the amount of the ROI over a targeted amount equal to an
imputed interest charge on invested capital. The advantage of using residual income
ratherthan percentage ROI is thatthe former emphasizes maximizing a dollar amount instead
of a percentage. Managers of divisions with a high ROI are encouraged to accept projects
with returns exceeding the cost of capital even if those projects reduce the departments ROI.
Edith Carolina, president of the Deed Corporation, requires a minimum return on investment
of 8% for any projectto be undertaken by her company. The company is decentralized, and
leaves investment decisions up to the discretion of the division managers as long as the 8%
return is expected to be realized. Michael Sanders, manager of the Cosmetics Division, has
had a return on investment of 14% for his division for the past 3 years and expects the
division to have the same return in the coming year. Sanders has the opportunityto invest in a
new line of cosmetics which is expected to have a return on investment of 12%.
Question: 625
If the Deed Corporation evaluates managerial performance using return on investment, what
will be the preference for taking on the proposed cosmetics line by Edith Carolina and
Michael Sanders?
Carolina Sanders
A. Accept Reject
B. Reject Accept
C. Accept Accept
D. Reject Reject
Answer: A
A company with an 8% ROl threshold should obviously accept a projectyielding 12%
because the companys overall ROI would increase. The manager being evaluated on the
basis of ROI who is already earning 14% will be unwilling to accept a 12% return on a new
project because the overall ROl for the division would decline slightly. This absence of goal
congruence suggests a weakness in ROl-based performance evaluation.
Question: 626
Managerial performance can be measured in many differentways, including return on
investment (ROD and residual income (RI). A good reason for using RI instead of ROl is that
A. RI can be computed without regard to identifying an investment base.
B. Goalcongruence is more likelyto be promoted by using RI.
C. RI is well understood and often used in the financial press.
D. ROl does not take into consideration both the investment turnover ratio and return-on
sales percentage.
Answer: B
The residual income method calculates the excess of the return on an investment over a
targeted amount equal to an imputed interest charge on invested capital. The rate used is
usually the weighted average cost of capital. Residual income may be preferable to ROl
because an enterprise will benefit from expansion as long as residual income is earned. Using
a ROl, expansion might be rejected if it lowered ROl even though residual income would
increase. Thus, the residual income method promotes the congruence of a managers goal
with those of the enterprise. Actions that tend to benefit the company will also tend to
improve the measure of the managers performance.
Question: 627
The balanced scorecard provides an action plan for achieving competitive success byfocusing
management attention on critical success factors. Which one of the following is not one of
the perspectives on the business into which critical success factors are commonly grouped in
the balanced scorecard?
A. Competitor business strategies.
B. Financial performance.
C. Internal business processes.
D. Employee innovation and learning.
Answer: A
A typical balanced scorecard classifies critical success factors and measures into one of four
perspectives on the business: financial, customer satisfaction, internal business processes,
and learning and growth.
Question: 628
Using the balanced scorecard approach, an organization evaluates managerial performance
based on
A. A single ultimate measure of operating results, such as residual income.
B. Multiple financial and nonfinancial measures.
C. Multiple nonfinancial measures only.
D. Multiple financial measures only.
Answer: B
The trend in managerial performance evaluation is the balanced scorecard approach. Multiple
measures of performance permit a determination as to whether a manager is achieving certain
objectives at the expense of others that may be equally or more important. These measures
may be financial or nonfinancial and usually include items in four categories: profitability;
customer satisfaction; innovation; and efficiency, qualify, and time.
Question: 629
On a balanced scorecard, which of the following would not be an example of a customer
satisfaction measure?
A. Market share.
B. Economic value added.
C. Response time
D. Customer retention.
Answer: B
Customer satisfaction measures include market share, retention, response time, delivery
performance, number of defects, and lead time. Economic value added, or EVA, is a
profitabilit/ measure.
Question: 630
On a balanced scorecard, which is more of an internal process measure than an external-
based measure?
A. Cycle time.
B. Profitability.
C. Customer satisfaction.
D. Market share.
Answer: A
Cycle time is the manufacturing time to complete an order. Thus, cycle time is strictly related
to internal processes Profitability is a combination of internal and external considerations.
Customer satisfaction and market share are related to how customers perceive a product and
how competitors react.
For More exams visit
Kill your exam at First Attempt....Guaranteed!

Financial Management approach - BingNews Search results Financial Management approach - BingNews Artificial Intelligence Transforms Non-Profit Financial Management No result found, try new keyword!In a swift evolution, artificial intelligence (AI), particularly generative AI, has transitioned from a niche technology to a versatile solution applicable across diverse economic sectors, including ... Mon, 13 Nov 2023 01:11:50 -0600 en-us text/html Grateful For Growth: Financial Lessons To Learn This Thanksgiving

Initially a harvest festival, the celebration of Thanksgiving offers more than just a chance to gather with family and share a meal —it is an encouragement to look at your finances through gratitude, a reminder that growth is not just about accumulating wealth but also about wise management and mindful spending.

This period of reflection can lead to a deeper understanding of your financial habits and inspire positive change.

Lesson 1: Managing Holiday Expenses Wisely

A well-planned budget helps allocate funds for different aspects of the celebration, such as food, decorations, and gifts. By establishing a clear budget beforehand, you can avoid the common pitfall of overspending during the holidays.

This proactive approach keeps financial stress at bay and sets a healthy precedent for future financial planning. Saving money during Thanksgiving is about careful planning and thoughtful choices.

Meal planning, for instance, can significantly reduce food waste and costs. Shopping smart by looking for deals and discounts on ingredients and gifts can also contribute to substantial savings. Opting for DIY decorations adds a personal touch to the festivities and is a cost-effective alternative to store-bought items.

Lesson 2: Practicing Mindful Spending

It involves knowing where and how money is being spent and ensuring that each expenditure aligns with your personal values and financial goals. This conscious approach to spending helps avoid financial pitfalls like debt accumulation and buyer’s remorse.

Avoiding impulse purchases is key to maintaining a healthy financial state during the holidays. Creating a shopping list and sticking to it can prevent unnecessary expenditures. It’s also essential to distinguish between needs and wants, which helps in prioritizing spending and maintaining financial discipline.

Lesson 3: Teaching Kids About Financial Responsibility

Holidays provide an excellent opportunity to engage children in conversations about money. Discussing the costs associated with holiday preparations and celebrations can be an eye-opener for them and a great way to introduce basic financial concepts.

These discussions can be tailored to be age-appropriate and should aim to foster an understanding of the value of money and the importance of budgeting.

For younger children, lessons can focus on saving money, such as using a piggy bank. For older kids, setting financial goals can be a more advanced topic. Additionally, involving them in charitable activities during Thanksgiving teaches them the value of giving back and how it fits into overall financial responsibility.

Lesson 4: Gratitude and Investing

Recognizing and being thankful for what you have can lead to a more balanced and less emotionally driven approach to investing. This mindset encourages you to focus on long-term goals rather than making hasty decisions based on short-term market fluctuations.

Diversification of investments helps in this by managing risk and ensuring that your portfolio can withstand market volatility.

Additionally, understanding and managing investment risks aligns with a mindset of gratitude, as it involves appreciating the value of your investments and making decisions that protect and grow these assets.

Lesson 5: Maximizing Seasonal Investment Opportunities

During the holiday season, specific market sectors often see a surge in activity, presenting the potential for savvy investments. For example, retail, e-commerce, and hospitality typically flourish alongside the shopping rush.

Identifying and capitalizing on these trends requires research and a desparate understanding of market dynamics. Look for patterns in consumer behavior and industry performance to make informed decisions that could yield favorable returns.

It’s wise to revisit and possibly adjust investment portfolios to accommodate seasonal financial changes to ensure you are on track with long-term objectives.

Final Thoughts

Thanksgiving presents a unique opportunity to reflect on your financial journey, emphasizing the importance of careful planning, mindful spending, and strategic investing.

The lessons from Thanksgiving — from setting budgets to making informed investment choices — resonate beyond the festive season, laying a foundation for year-round financial prudence.

By embracing these lessons, you can transform your approach to money management, steering towards a path of sustained financial health and growth. May this Thanksgiving be a stepping stone towards a more financially aware and prosperous future.

Tue, 14 Nov 2023 03:16:00 -0600 True Tamplin en text/html
Learning financial discipline

With the upcoming elections, all five political parties have presented ambitious plans to propel Bhutan towards achieving a Gross Domestic Product of USD 5 billion by 2029 and USD 10 billion by 2034. Irrespective of the party that assumes power, significant investments in job creation, the CSI industry, bolstering tourism and related sectors, as well as exploring the potential of artificial intelligence are part of their proposed agendas.

One pressing issue that demands attention among the Bhutanese populace is the lack of financial literacy and discipline in managing expenses.

There have been some efforts from the Royal Monetary Authority and banks, particularly in commemorating International Savings Day each October. However, the challenge remains: while our coffers may see growth, they might as well be draining through wide crevices of financial indiscipline both at our individual and at the government levels.

We need a multi-pronged approach that involves education, family involvement, and mentorship that can help instill financial discipline and a saving culture in our youth. Creating an environment that encourages learning and responsible financial behaviour from an early age is essential to building a financially responsible and empowered generation.

This concern extends to our aspiring political leaders, who have come up with grand proposals and an inclination towards large borrowing. Over the past 15 years, several well-intentioned programs have floundered due to hasty attempts to fulfill populist pledges, leading to indiscriminate distribution of costly incentives and significant expenses with limited productive outcomes.

Looking beyond individual behavior, the nation needs leaders who allocate funds judiciously, especially in a country facing resource constraints. Such financial discipline isn’t solely a factor contributing to financial freedom; it forms the bedrock of financial stability.

As various promises continue to be made in the political arena, it becomes imperative to pose a straightforward question to both ourselves and those making these commitments: Where is the money going to come from? Equally significant, do these expenditures truly serve a crucial purpose?

A governing party may acquire substantial loans, complete their tenure, and then fade into into obscurity. However, the enduring aftermath and substantial debts accumulated over the years during their term will burden our future generations.

Addressing financial discipline at a national level is not just a matter of immediate concern but a necessity for securing our future. Sustainable economic progress demands prudent financial management and a cautious approach to spending. As the nation gears up for future development, it is vital to prioritise fiscal prudence, ensuring that each expenditure aligns with the genuine needs and long-term interests of our country and people.

Tue, 07 Nov 2023 10:00:00 -0600 text/html
What Are You Thankful For? 5 Questions To Gauge Your Financial Health

Just as families gather around the Thanksgiving dinner table to express gratitude for the blessings of the year, you can engage in a similar reflective exercise by asking yourself the following questions to assess your financial well-being.

Question 1: Are You Living Within Your Means?

Living within your means is the art of balancing what you earn with what you spend, ensuring your lifestyle does not outpace your income.

Effective financial management starts with a clear understanding of your income and expenses. It involves tracking and analyzing your cash inflows and outflows, identifying areas where you can optimize spending, and recognizing opportunities for increasing income.

Budgeting is the cornerstone of financial planning. It’s about setting limits for different categories of expenses and aligning your spending patterns with your financial goals. A well-structured budget helps prevent impulsive purchases, reduces stress, and paves the way for achieving both short-term and long-term objectives.

Question 2: Do You Have An Emergency Fund?

An emergency fund provides a safety net in times of crisis, serving as a financial lifeline during medical emergencies, job loss, or major home repairs. They provide peace of mind, knowing you are prepared for life’s uncertainties.

Set a realistic savings goal. A common recommendation is to save at least three to six months’ worth of living expenses, but you can start with a smaller goal and work your way up.

Create a budget to identify areas where you can cut expenses, and allocate a portion of your income, say 10%, to your emergency fund each month.

You can also automate your savings by setting up a direct deposit or recurring transfer to your dedicated emergency fund account. Consider opening a high-yield savings account to earn more interest.

Additionally, windfalls like tax refunds, work bonuses, or unexpected gifts can be a great boost to your emergency fund. Over time, as you consistently contribute to your fund, you’ll build a financial cushion that can help you weather financial storms and achieve greater financial stability.

Question 3: Are Your Investments Aligned With Your Goals?

You must nurture your investments with intention and foresight and look beyond the allure of immediate potential gains. You should always consider whether your investment choices are stepping stones towards your objectives.

Your investments act as the means to achieve specific targets, such as saving for retirement, purchasing a home, funding education, or growing wealth. When investments are aligned with these goals, the likelihood of attaining them within the desired timeframes increases.

This alignment facilitates a well-balanced and diversified portfolio tailored to your risk tolerance, enabling effective management of both short-term needs and long-term aspirations.

Furthermore, it allows for tax optimization and minimizes unnecessary risks. Without this alignment, you may veer off course, potentially leading to missed opportunities.

It is essential to regularly review and adjust your investment strategies to ensure they remain in sync with evolving financial goals and circumstances.

Question 4: How Healthy Is Your Debt?

Debt can be a valuable tool when managed wisely. First consider its nature. Good debt typically includes investments in appreciating assets like real estate or education, as they can potentially yield long-term financial benefits.

On the other hand, bad debt often refers to high-interest consumer debt, such as credit card balances, which can damage your financial well-being if unchecked.

The total debt load relative to your income is also critical. A debt-to-income ratio that is too high may signal financial instability and hinder your ability to save and invest for the future.

Thus, managing debt requires a strategic approach. This involves prioritizing high-interest debts, considering consolidation or refinancing options, and understanding how to leverage good debt for financial growth.

Question 5: Do You Have a Retirement Plan?

Your retirement plan serves as a roadmap to ensure financial security and a comfortable lifestyle in your golden years. Without it, you risk outliving your savings, facing financial hardships, and being dependent on others for support.

A robust retirement plan takes into account factors such as expected retirement age, desired lifestyle, estimated expenses, and potential sources of retirement income.

A common option is investing as early as possible in a 401(k), IRA, or other employer-sponsored plans. When you invest money in these accounts, your contributions have the potential to grow over time through interest, dividends, and capital gains, significantly increasing the size of your retirement nest egg.

Investing early also gives you the flexibility to weather market fluctuations and potentially recover from any downturns. It allows you to benefit from dollar-cost averaging as you invest consistently over the years, buying more shares when prices are lower and fewer when they are higher.

Final Thoughts

If your answers to the above questions are a resounding yes, congratulations on maintaining a robust financial health! You’ve demonstrated not only a disciplined approach to spending and saving but also a thoughtful strategy towards investment and debt management.

However, if you find yourself uncertain or answering no, it’s not a cause for despair. Financial health is a journey. It involves continuous learning, adaptation, and sometimes, a bit of trial and error. You can also seek guidance from financial advisors and other professionals.

The key is to start where you are, use what you have, and do what you can. Small, consistent steps can lead to significant improvements over time.

You asked these crucial questions, that in itself is something to be thankful for.

Thu, 16 Nov 2023 01:02:00 -0600 True Tamplin en text/html
14 questions to ask when choosing a financial advisor No result found, try new keyword!For example, you might have questions to ask a financial advisor about retirement. If your goal is to have $1 million by age 65, the tracking, reviewing and updating process should include where you ... Tue, 14 Nov 2023 23:04:00 -0600 en text/html Five Financial Moves to Make as Year's End Approaches No result found, try new keyword!It’s important to supply yourself a moment to review where you are in your current financial life ... savvy investors may not have a clear tax management strategy to help keep more of their ... Sun, 05 Nov 2023 00:38:00 -0500 Master Data Management is obsolete for data unification in FinServ No result found, try new keyword!Anthony Deighton discusses how data products can enhance unification and quality to accelerate payments infrastructure innovation and scalability ... Tue, 14 Nov 2023 22:14:25 -0600 en-us text/html Huize Reports Third Quarter 2023 Unaudited Financial Results

SHENZHEN, China, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Huize Holding Limited, (“Huize”, the “Company” or “we”) (NASDAQ: HUIZ), a leading digital insurance product and service platform for new generation consumers in China, today announced its unaudited financial results for the third quarter ended September 30, 2023.

Third Quarter 2023 Financial and Operational Highlights

  • Driving high-quality growth: Gross Written Premiums (“GWP”) facilitated year to date on our platform were RMB4,555.5 million, increased by 31.7% year-over-year. Within GWP, First Year Premiums (“FYP”) accounted for RMB2,203.1 million, up 54.1% year-over-year. Renewal premiums year to date increased by 16.0% year-over-year to RMB2,352.4 million. Increases in premiums were driven primarily by our high-quality customer base, sustainably high persistency ratios, and the diverse array of customized long-term insurance products we distribute.
  • Focused cost management and improving profitability: Gross profit margin improved by 6.0 percentage points year-over-year to 35.3% driven by improved customer acquisition efficiency. Operating expense-to-revenue ratio continued to improve, decreasing by 3.9 percentage points year-over-year to 29.0%. Net profit in the third quarter of 2023 was RMB20.2 million (US$2.8 million) and non-GAAP net profit was RMB18.5 million, marking the fourth consecutive quarter of profitability.
  • Cumulative number of insurance clients served increased to approximately 9.1 million as of September 30, 2023. We cooperate with 121 insurer partners, including 75 life & health insurance companies and 46 property & casualty insurance companies, as of September 30, 2023.
  • As of September 30, 2023, cash and cash equivalents were RMB258.4 million (US$35.4 million).

Mr. Cunjun Ma, Founder and CEO of Huize, commented, “We are pleased to report our fourth consecutive quarter of profitability, with net profit of RMB20.2 million and non-GAAP net profit of RMB18.5 million. This solid performance is a testament to the progress we have made in acquiring high-quality customers, rolling out a diverse array of cost-effective, customized long-term insurance products, and our omnichannel distribution capabilities integrating online and offline channels, with a focus on maximizing the lifetime value of our users. Despite the challenging macroeconomic and industry environment, we once again delivered a sound financial performance for the third quarter reflecting our resilient business performance amid a turbulent market.”

“During the quarter, our strategic focus remained squarely on distributing long-term insurance products, which accounted for 90.9% of GWP. This is the sixteenth consecutive quarter where this figure has exceeded 90%. FYP for our annuity products tripled during the quarter on a year-over-year basis, capitalizing on market demand for retirement savings products. Our high-quality customer base has contributed to persistency ratios of more than 95% as of the end of August, among the highest in the industry, for the 13th and 25th months of our long-term insurance products. This also led to a 25.2% sequential increase in renewal premiums during the quarter.”

“In the ‘To-A’ segment, we continued to empower insurance agents with innovative technologies. In the third quarter, FYP facilitated by the ‘To-A’ business reached RMB89.7 million, showing a 37.5% growth year-over-year. For the ‘To-C’ segment, we remained committed to our ‘customer-centric’ approach and continued to strengthen user engagement and enhance upselling capabilities. As a result, 38.4% of our long-term insurance products customers were repeat purchases from existing customers, increasing 4.7 percentage points year-over-year. Moving forward, we will leverage our deep customer insights to launch a wider range of innovative customized products to meet the growing demand for healthcare, accident, and retirement insurance products in addition to financial planning and wealth inheritance. We will also further optimize our O2O integration to empower our agents to drive sustainable, high-quality growth and create long-term sustainable shareholder value.”

Third Quarter 2023 Financial Results

GWP and operating revenue

GWP facilitated on our platform was RMB1,245.1 million (US$170.7 million) in the third quarter of 2023, maintaining levels similar to RMB1,249.0 million in the same period of 2022. Within GWP, FYP accounted for RMB644.5 million (or 51.8% of total GWP), a decrease of 5.9% year-over-year. Renewal premiums accounted for RMB600.6 million (or 48.2% of total GWP), an increase of 6.5% year-over-year.

Operating revenue was RMB292.4 million (US$40.1 million) in the third quarter of 2023, a decrease of 16.9% from RMB351.8 million in the same period of 2022, primarily due to the decrease in FYP facilitated on our platform.

Operating costs

Operating costs were RMB189.3 million (US$25.9 million) in the third quarter of 2023, a decrease of 23.9% from RMB248.7 million in the same period of 2022. Operating costs decreased at a faster pace than operating revenue, primarily due to a reduction in channel expenses and an increase in upselling activities.

Operating expenses

Selling expenses were RMB49.1 million (US$6.7 million) in the third quarter of 2023, a decrease of 12.9% from RMB56.4 million in the same period of 2022, primarily due to a decrease in salaries and employment benefits.

General and administrative expenses were RMB21.5 million (US$2.9 million) in the third quarter of 2023, a decrease of 50.2% from RMB43.1 million in the same period of 2022, mainly due to a reduction in depreciation and amortization expenses and rental and utilities expenses.

Research and development expenses were RMB14.3 million (US$2.0 million) in the third quarter of 2023, a decrease of 12.6% from RMB16.4 million in the same period of 2022, primarily due to a decrease in employee costs.

Net profit and Non-GAAP net profit for the period

Net profit in the third quarter of 2023 was RMB20.2 million (US$2.8 million), compared with a net loss of RMB10.5 million in the same period of 2022.

Non-GAAP net profit was RMB18.5 million (US$2.5 million) in the third quarter of 2023, compared with a non-GAAP net loss of RMB9.8 million in the same period of 2022.

Cash and cash equivalents

As of September 30, 2023, the combined balance of the Company’s cash and cash equivalents amounted to RMB258.4 million (US$35.4 million), compared to RMB277.2 million as of December 31, 2022.

Share Repurchase Program

Year to date as of September 30, 2023, the Company had purchased an aggregate of 1,363,148 ADSs for a total amount of approximately US$1.7 million under its share repurchase program.

Conference Call

The Company’s management team will hold an earnings conference call at 7:00 A.M. Eastern Time on Friday, November 17, 2023 (8:00 P.M. Beijing/Hong Kong Time on Friday, November 17, 2023). Details for the conference call are as follows:

Event Title: Huize Holding Limited’s Third Quarter 2023 Earnings Conference Call
Registration Link:

All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registration, each participant will receive a confirmation email containing dial-in numbers, a passcode, and a unique access PIN, which will be used to join the conference call.

Additionally, a live and archived webcast of the conference call will also be available on the Company’s investor relations website at

About Huize Holding Limited

Huize Holding Limited is a leading digital insurance product and service platform for new generation consumers in China. Targeting the younger generation, Huize is dedicated to serving its insurance clients for their life-long insurance needs. Leveraging its online platform, Huize offers a wide variety of insurance products with a focus on long-term life and health insurance products and empowers its insurer partners to reach a large fragmented client base in the insurance retail market efficiently and enhance their insurance sales. Huize provides insurance clients with digitalized insurance experience and services, including suitable product recommendations, consulting service, intelligent underwriting, and assistance in claim application and settlement, which significantly Strengthen transaction experience.

For more information, please visit

Use of Non-GAAP Financial Measure Statement

In evaluating our business, we consider and use non-GAAP net profit/(loss) attributable to common shareholders as a supplemental measure to review and assess our operating performance. The presentation of the non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. We define non-GAAP net profit/(loss) attributable to common shareholders as net profit/(loss) attributable to common shareholders excluding share-based compensation expenses and interest on convertible bond. Such adjustments have no impact on income tax because either the non-GAAP adjustments were recorded at entities located in tax free jurisdictions, such as the Cayman Islands or because the non-GAAP adjustments were recorded at operating entities located in the PRC for which the non-GAAP adjustments were not deductible for tax purposes.

We present the non-GAAP financial measure because it is used by our management to evaluate our operating performance and formulate business plans. Non-GAAP net profit/(loss) attributable to common shareholders enables our management to assess our operating results without considering the impact of share-based compensation expenses and the interest on convertible bond. We also believe that the use of this non-GAAP financial measure facilitates investors’ assessment of our operating performance.

This non-GAAP financial measure is not defined under U.S. GAAP and is not presented in accordance with U.S. GAAP. The non-GAAP financial measure has limitations as an analytical tool. One of the key limitations of using adjusted net profit/(loss) attributable to common shareholders is that it does not reflect all items of income and expense that affect our operations. Further, the non-GAAP financial measure may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited.

The non-GAAP financial measure should not be considered in isolation or construed as an alternative to net profit/(loss) attributable to common shareholders or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review the historical non-GAAP financial measure in light of the most directly comparable GAAP measure, as shown below. The non-GAAP financial measure presented here may not be comparable to similarly titled measure presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing our data comparatively. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at a specified rate solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars and from U.S. dollars to RMB are made at a rate of RMB7.2960 to US$1.00, the exchange rate on September 29, 2023, set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or U.S. dollars amounts referred could be converted into U.S. dollars or RMB, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Huize’s beliefs and expectations, are forward-looking statements. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, business outlook and quotations from management in this announcement, contain forward-looking statements. Huize may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause genuine results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Huize’s goal and strategies; Huize’s expansion plans; Huize’s future business development, financial condition and results of operations; Huize’s expectation regarding the demand for, and market acceptance of, its online insurance products; Huize’s expectations regarding its relationship with insurer partners and insurance clients and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing.

Further information regarding these and other risks is included in Huize’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Huize does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Investor Relations

Media Relations

In China
Ms. Crystal Lai
Phone: +852 2117 0861

In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004

Huize Holding Limited
Unaudited Consolidated Balance Sheets
(all amounts in thousands, except for share and per share data)
    As of December 31    As of September 30
    2022     2023
    RMB   RMB   USD
Current assets            
Cash and cash equivalents   277,168     258,437     35,422  
Restricted cash   98,917     72,523     9,940  
Short-term investments   -     9,556     1,310  
Contract assets, net of allowance for doubtful accounts   49,888     33,704     4,620  
Accounts receivables, net of allowance for impairment   250,667     134,504     18,434  
Insurance premium receivables   1,792     2,410     330  
Amounts due from related parties   489     373     51  
Deferred costs   -     4,409     604  
Prepaid expense and other receivables   71,818     97,530     13,368  
Total current assets   750,739     613,446     84,079  
Non-current assets            
Contract assets, net of allowance for doubtful accounts   6,634     9,715     1,332  
Property, plant and equipment, net   38,518     54,794     7,510  
Intangible assets, net   53,498     52,853     7,244  
Long-term investments   77,305     76,742     10,518  
Operating lease right-of-use assets   162,180     119,099     16,324  
Goodwill   461     461     63  
Other assets   279     -     -  
Total non-current assets   338,875     313,664     42,991  
Total assets   1,089,614     927,110     127,070  
Liabilities, Mezzanine Equity and Shareholders’ Equity            
Current liabilities            
Short-term borrowings   150,000     19,800     2,714  
Accounts payable   262,266     191,806     26,289  
Insurance premium payables   27,567     39,128     5,363  
Contract liabilities   4,034     3,935     539  
Other payables and accrued expenses   58,251     41,198     5,647  
Payroll and welfare payable   43,938     76,026     10,420  
Income taxes payable   2,440     2,440     334  
Operating lease liabilities   10,075     16,044     2,199  
Amount due to related parties   495     1,718     236  
Total current liabilities   559,066     392,095     53,741  
Non-current liabilities            
Deferred tax liabilities   12,491     12,048     1,651  
Operating lease liabilities   176,032     132,796     18,201  
Payroll and welfare payable   -     405     56  
Total non-current liabilities   188,523     145,249     19,908  
Total liabilities   747,589     537,344     73,649  
Commitments and contingencies            
Shareholders’ equity            
Class A common shares   62     62     8  
Class B common shares   10     10     1  
Treasury stock   (15,306 )   (29,802 )   (4,085 )
Additional paid-in capital   904,935     905,601     124,123  
Accumulated other comprehensive loss   (17,695 )   (9,206 )   (1,262 )
Accumulated deficits   (531,127 )   (478,926 )   (65,642 )
Total shareholders’ equity attributable to Huize Holding Limited shareholders   340,879     387,739     53,143  
Non-controlling interests   1,146     2,027     278  
Total shareholders’ equity   342,025     389,766     53,421  
Total liabilities and shareholders’ equity   1,089,614     927,110     127,070  
Huize Holding Limited
Unaudited Consolidated Statements of Comprehensive Income/(Loss)
(all amounts in thousands, except for share and per share data)
    For the Three Months Ended September 30,   For the Nine Months Ended September 30,
    RMB   RMB   USD   RMB   RMB   USD
Operating revenue                        
Brokerage income   338,536     279,110     38,255     862,156     923,029     126,512  
Other income   13,254     13,334     1,828     37,341     36,516     5,005  
Total operating revenue   351,790     292,444     40,083     899,497     959,545     131,517  
Operating costs and expenses                        
Cost of revenue   (236,324 )   (184,474 )   (25,284 )   (547,654 )   (597,062 )   (81,833 )
Other cost   (12,369 )   (4,841 )   (664 )   (24,427 )   (15,663 )   (2,147 )
Total operating costs   (248,693 )   (189,315 )   (25,948 )   (572,081 )   (612,725 )   (83,980 )
Selling expenses   (56,395 )   (49,129 )   (6,734 )   (189,850 )   (162,751 )   (22,307 )
General and administrative expenses   (43,116 )   (21,493 )   (2,946 )   (116,104 )   (92,103 )   (12,624 )
Research and development expenses   (16,363 )   (14,305 )   (1,961 )   (64,020 )   (54,620 )   (7,486 )
Total operating costs and expenses   (364,567 )   (274,242 )   (37,589 )   (942,055 )   (922,199 )   (126,397 )
Operating profit/(loss)   (12,777 )   18,202     2,494     (42,558 )   37,346     5,120  
Other income/(expenses)                        
Interest income/(expenses)   (1,924 )   1,490     204     (4,469 )   2,297     315  
Unrealized exchange loss   (50 )   (101 )   (14 )   (95 )   (309 )   (42 )
Investment loss   (435 )   (613 )   (84 )   (2,217 )   (928 )   (127 )
Others, net   4,349     1,299     178     11,071     14,311     1,961  
Profit/(loss) before income tax, and share of income/(loss) of equity method investee   (10,837 )   20,277     2,778     (38,268 )   52,717     7,227  
Share of income/(loss) of equity method investee   (393 )   1,359     186     (3,033 )   365     50  
Net profit/(loss)   (11,230 )   21,636     2,964     (41,301 )   53,082     7,277  
Net profit/(loss) attributable to non-controlling interests   (691 )   1,467     201     (1,942 )   881     121  
Net profit/(loss) attributable to common shareholders   (10,539 )   20,169     2,763     (39,359 )   52,201     7,156  
Net profit/(loss)   (11,230 )   21,636     2,964     (41,301 )   53,082     7,277  
Foreign currency translation adjustment, net of tax   7,438     3,237     444     13,151     8,489     1,164  
Comprehensive income/(loss)   (3,792 )   24,873     3,408     (28,150 )   61,571     8,441  
Comprehensive income/(loss) attributable to non-controlling interests   (691 )   1,467     201     (1,942 )   881     121  
Comprehensive income/(loss) attributable to Huize Holding Limited   (3,101 )   23,406     3,207     (26,208 )   60,690     8,320  
Weighted average number of common shares used in computing net profit per share                        
Basic and diluted   1,021,183,878     995,606,092     995,606,092     1,022,391,802     1,004,018,221     1,004,018,221  
Net profit/(loss) per share attributable to common shareholders                        
Basic and diluted   (0.01 )   0.02     0.00     (0.04 )   0.05     0.01  
Huize Holding Limited
Unaudited Reconciliations of GAAP and Non-GAAP Results
(all amounts in thousands, except for share and per share data)
    For the Three Months Ended September 30,   For the Nine Months Ended September 30,
    RMB   RMB   USD   RMB   RMB   USD
Net profit/(loss) attributable to common shareholders   (10,539 )   20,169     2,763     (39,359 )   52,201   7,156
Share-based compensation expenses   744     (1,684 )   (231 )   4,447     3,709   508
Non-GAAP net profit/(loss) attributable to common shareholders   (9,795 )   18,485     2,532     (34,912 )   55,910   7,664


Thu, 16 Nov 2023 19:23:00 -0600 en text/html
The Significance Of Embracing New Body Corporate Management For Melbourne Residents
embracing new body corporate management

Melbourne, the cultural and economic hub of Australia's southeastern coast, is a city that thrives on diversity and innovation. Within this bustling metropolis, communal living has gained considerable prominence, with strata complexes and residential communities becoming increasingly prevalent. These communities offer residents a place to call home, a sense of belonging, and shared responsibility. However, the effectiveness of body corporate management profoundly influences the quality of life in these strata complexes. In this comprehensive article, you delve into the significance of embracing new body corporate management for Melbourne residents, exploring why it matters and how to change strata management in melbourne to enhance the residential experience in this vibrant city. 

1. Melbourne's Residential Landscape: A Tapestry Of Diversity 

Melbourne's residential landscape is a tapestry woven from a rich fabric of cultures, backgrounds, and lifestyles. Within this mosaic, strata complexes and residential communities have become the canvas on which diverse residents come together to create vibrant and thriving neighbourhoods. This cultural diversity and sense of community define Melbourne's residential experience, making it a city where unity and shared responsibility are celebrated as integral components of daily life. 

2. The Impact Of Body Corporate Management 

Body corporate management plays a pivotal role in Melbourne residents' daily lives in these communities. It encompasses essential responsibilities such as financial management, maintenance, dispute resolution, and overall community governance. The effectiveness of this management profoundly influences the quality of life within these communities. 

3. Recognising The Need For Change: Signs Of Ineffective Management 

Before embracing new body corporate management, it is crucial to recognise signs of ineffective management that may have previously hindered the community's growth and satisfaction. These signs may include financial mismanagement, maintenance neglect, unresolved disputes, a lack of transparency in governance, and resident dissatisfaction. Identifying these red flags is the first step toward improvement, as it allows the community to acknowledge the need for change and pave the way for a more effective and harmonious living environment. 

4. The Transformational Power Of Professionalism 

To change strata management in melbourne signifies a significant shift toward professionalism and expertise in the community's governance. Professional body corporate managers bring a wealth of experience in property management, financial planning, and dispute resolution, adding invaluable skills to the management team. Their expertise introduces efficiency, transparency, and accountability to the community's operations, aligning with the residents' expectations for a well-managed and thriving strata complex. This shift towards professionalism sets the stage for a more proactive and forward-looking approach to community management. 

5. Financial Stability And Transparency 

One of the immediate benefits of new body corporate management is enhanced financial stability and transparency. Professional managers ensure efficient budgeting, timely collection of fees, and transparent financial reporting. Residents gain confidence in knowing that their financial contributions are managed responsibly. 

6. Maintenance Excellence: Preventing Neglect 

Maintenance and upkeep are not mere chores but rather essential aspects that underpin the well-being of residential communities. Embracing new body corporate management emphasises the importance of timely maintenance and repairs, serving as a proactive shield against the accumulation of neglect that could otherwise lead to costly and extensive remediation efforts. This forward-thinking approach ensures that the community's physical infrastructure remains in optimal condition, safeguarding residents' comfort and property values in the long term. 

7. Dispute Resolution: Fostering Harmony 

Disputes can arise in any community, but how they are addressed makes the difference. Professional body corporate managers excel in mediating and resolving conflicts effectively, fostering a harmonious living environment where disputes are managed promptly and fairly. 

8. Community Engagement: Fostering a Sense of Belonging 

New body corporate management, characterised by its proactive and inclusive approach, encourages and nurtures community engagement. When residents see positive changes and improvements in their surroundings, they feel a stronger sense of connection and ownership in their community. This heightened engagement fosters a deep sense of belonging and pride among residents, instilling a collective commitment to maintaining and enhancing their shared living space. 

As residents become active participants in the ongoing improvement of their community, it strengthens the bonds that tie them together and bolsters their collective vision for a thriving and harmonious residential environment. 

Conclusion: Enhancing The Melbourne Residential Experience 

Embracing new body corporate management is of paramount significance for Melbourne residents. The communal living experience is deeply enriched when professional expertise, financial stability, transparency, and effective dispute resolution come together to create a harmonious and thriving environment. 

As Melbourne continues to grow and evolve, so should the management practices governing its residential communities. The significance of such a transformation lies in its potential to elevate the quality of life for residents, enhance the value of properties, and foster a strong sense of community. 

In a city that values diversity, innovation, and a high standard of living, embracing new body corporate management is a testament to Melbourne's commitment to providing its residents with the best possible residential experience. It is a step toward a brighter, more vibrant, and more inclusive future for all who call this city home.
Thu, 16 Nov 2023 01:04:00 -0600 text/html Edelman Financial Engines Acquires $500M AUM Mass. Firm

Edelman Financial Engines today announced the acquisition of PRW Wealth Management, a Quincy, Mass.-based registered investment advisor with more than $500 million in assets under management, according to a news release.

This marks the fifth transaction by Edelman Financial Engines (EFE) over the past 13 months and continues the expansion of the firm’s wealth planning capabilities across key regions nationwide, the release said, adding that the firm expects increased activity in the coming quarters.

PRW, co-founded by Rick Renwick and Bill Payne in 1989, provides a comprehensive range of wealth management capabilities, with a focus on strategic planning, investment management and the transfer of wealth, the release said. The firm has about 200 clients, including individuals, families, endowments and foundations, and business owners.

“Edelman Financial Engines has a tremendous reputation, and their continued recognition from industry peers is a testament to their excellence and leadership,” Payne said in a statement. “Their overall values, personalized and dedicated approach to wealth management and commitment to their clients closely aligns with how we’ve operated PRW for the last three decades.”

Renwick added, “Joining Edelman Financial Engines provides us with a depth of additional resources and the ability to maintain the feeling of a multi-family office.”

Suzanne van Staveren, executive vice president, chief financial officer and chief operating officer of EFE, said they are thrilled to welcome the PRW team and their clients. “With this acquisition, we can better serve clients in the greater Boston area, as well as nationwide,” she said.
Founded in 1986, Boston-based Edelman has more than $245 billion in assets from 1.3 million clients across 145 offices. The company is majority owned by private equity firm Hellman & Friedman.

Thu, 16 Nov 2023 01:43:00 -0600 en text/html

CMA exam syllabus | CMA teaching | CMA teaching | CMA mission | CMA exam success | CMA PDF Download | CMA study | CMA testing | CMA exam success | CMA guide |

Killexams exam Simulator
Killexams Questions and Answers
Killexams Exams List
Search Exams
CMA exam dump and training guide direct download
Training Exams List