22 Oct

4 Profit-Boosting Strategies for Wealth Managers

After a chaotic tenure of tumbling asset prices along with downward-spiralling of proceeds during the financial crisis in world’s leading firms, the global wealth management is considerably gaining some of the grounds it went astray off.

wealth Managers

After four years of the financial crisis, most of the economies like one of North America are now rising in Assets under Management (AUM) around world markets.

Booz & Company recently conducted out a global study based on quantitative market analysis through the insights from in-depth interviews with more than 150 wealth managers, regulators and senior financial advisors.

The study was concluded to three reasons behind rising AUM. The first reason is the expanding market economies while the second one is attributed to rebounding equity markets worldwide.

These equity markets are getting greater inflows of assets from the potential investors. The third reason is an obvious little one- the number of individuals with more than US $ 1 million are growing with relative high pace of 2-3 times than the gross domestic product in most of the world markets.

However, new global regulations like the ones for greater scrutiny of undeclared assets kept offshore, rapid advancement in digitization, changing customer behaviour and fluid competitive landscape have resulted into fell in the pretax profit margins for most of the wealth managers across the globe.

This fall is likely from 37 percent to 16 percent in Europe, from 30 percent to 12 percent in Asia and from 29 percent to 21 percent in North America for the years from 2007 to 2012.

All these factors have permanently altered the rules and have lead to a significant rise in the cost of doing business.

The On-going Transitions in Industry

The financial industry is facing an unprecedented degree of regulations in the capital, derivates, liquidity, corporate governance, transparency in income and assets kept off-shore and proprietary trading.

The only good news is that one can prepare in advance, as there is a somewhat certainty of the shape of global rules these days. Talking specifically, the climate in tax havens has radically changed because of these international compliance and transparency rules.

The other significant change that has erupted is from the new transparency laws by U.S. Foreign Account Tax Compliance Act that puts a compulsion on outside banks to disclose the bank accounts of U.S. nationals.

Besides transparency and taxation issues, other few regulations to improve customer’s “suitability” like compensation and altering traditional distribution are bringing changes to the wealth management industry.

Moreover, the retro cession’s are about to be banned which would ensure reduced costs for clients with a reduction in profits of banks.

Furthermore, client protection initiatives such as elimination of conflicts in interests and documentation of clients meetings are being pushed by national and international regulators to match the investment risk with client risk tolerance.

Also, customers experience on websites such as Amazon and Google or Tablets and Smartphone’s like devices- influences the expectations of industries for their wealth management.

Additionally, digital providers are focusing on wealth management market from all new angles leading to investment advisors providing real-time personalized advice along with innovation tools for better setting of revenue goals, rebalancing of investments and to monitor the performance of one’s investments.

These new digital entrants have furthermore pushed forth bitter challenge towards established wealth managers.

The Basic Four Responding Priorities

Believing that wealth managers can maintain good terms to changing dynamics in industry, we put forth four priorities that wealth managers should focus on:

Applying a capability lens: Initially to begin with- the priority is to decide that wealth managers would like to play whether in on-shore, off-shore or both types of market. Profit in high-growth markets is made much elusive with the promise of underlying growth, and one needs the patience to deal in such markets.

Next the big thing is to apply a capability lens that will help them identify the markets where one can provide a distinguished set of products and services; one is good at.

Value Proposition- Rethink! : Wealth managers should improve the way they pack products and services to various customer segments, and should go in compliance with new regulations that deal in client suitability.
The price needs to be effectively modeled as customers are becoming much aware towards what they are likely to invest in.

Digitization: This aspect varies significantly as per the region. It is likely that digitization is much needed in countries like US whereas at some places this demand leverages only for big players.

Digitization gives greater prospects of what the customers requires and desires. Ultimately superior customer experience is the thing that guides growth.

Adoption of an Approach that Well-Fit to Growth: For long, wealth managers have been incapable of lowering their costs to escalate the cost of business. A fit-for-growth is ensured through proper articulation on cost agenda.
Thus, wealth management practices should progressively be made to adapt to these new environments.…

18 Oct

First Look at Sapphire RX470 8GB Mining Edition Cards

I finally got my hands on Sapphire RX470 8GB Mining Edition Cards.

Let’s get straight to the point of gpu mining.

what’s the hashrate it can give on stock and when modded

How it looks?

It looks like a normal gpu just like nvidia mining card but with no port. and sapphire nitro rx470 mining edition is equipped with dual fan and as far as i know they provide 1 year warranty opposed to 3 months warranty for P106 Nvidia Mining Cards.

So let’s get started building. here are the parts I used for building.

GPU : 4 x Sapphire RX470 8GB Mining Edition Cards

MOBO: Gigabyte H110-D3A Motherboard

CPU : G4400

SSD: WD Green 120GB

RAM: Adata DDR4 4GB Ram

PSU: Corsair HX1000 Platinum

Rack and Riser V007S

Installing OS and Getting the 4 GPU to be detected in the Gigabyte H110-D3A Motherboard was a breeze (just enabled 4g decoding while mining mode is disabled)

This is the GPU-Z for the Sapphire RX470 8GB Mining Edition Card.

with release date of August 4, 2016 I thought to myself this could be defective refurbished card which can’t be used for gaming anymore and that’s why they made this for mining edition card by removing the VGA/HDMI/DP Ports, but i could be wrong.

All 4 Cards I tested was equipped with Hynix Memory and on stock settings it only ran at 21mh/s (GPU Driver used that time was Crimson Relive 17.7.1) for ethereum mining. (disappointed)

Then i found out that there is an rx driver that has fix for the dag difficulty of ethereum although it’s unofficial version. I gave it a try.

One thing to note, when installing this driver from device manager, you will see asterisk beside your GPU name (!) and it needs to be fix. applying atikmdag-patcher solved this problem for me.

after installing the new beta driver i tested the hashrate of this mining edition card and i got roughly around 2mh/s increase per card.

and for the last method, hoping to bring the hashrate to at least 27-28mh/s by bios modding this card at 1500 straps, I’ve used atiflash and polaris bios editor to make this happen. but to my dismay everytime the memory goes above 1840 it crashes and wont go above 1800 for stable mining. then i keep getting incorrect shares for the cards when it reached around 26mh/s

25.3-25.5 was the best hash i could get from each card by adding -dcri 5 in the claymore bat config file. (single mining eth)

if you’re interested in downloading the modded file, i have attached in this post and feel free to share your hashrate of this card in the comment section and let’s try to improve this card’s hashrate by sharing the best setting for this.