Tuesday, October 8th, 2019 - Comments Off on What is Tailored Financial Advice?

Tailored financial advice is to the financial services industry what Haute Couture is to women’s fashion and a bespoke suit is to men’s fashion. To illustrate, let’s consider a suit. A suit can be bought for a man or a woman. It can be bought off the rack from a department store or it can be made to your own exacting specifications and body shape. A suit from a department store is one of a thousand made to the specifications of various standardized sizes. If you’re very lucky, it might fit you. But if you’re like me, I’m one size for the ...

Wednesday, September 18th, 2019 - Comments Off on The Business of Currency Risk Management – Focusing on Risk and Return

While there is nothing wrong with only focusing on protecting against currency losses. In the current highly competitive environment, there are those who are only focusing on maximizing profits. These are the companies that typically hedge everything with a set and forget strategy when the market is moving against them, or don’t hedge at all when the market is moving in their favour. Sometimes such strategies are highly effective, particularly if you can pass on currency costs as higher prices to your customers. But what happens when the market turns right in the middle of your very successful risk management approach? You have ...