Importance of Expert Legal Guidance in Divorce Proceedings Involving Division of a Family Business

Posted on By Malkh Arsanukayev

Divorce proceedingsIn Perth, WA, family lawyers perth law firms provide as representatives and mediators, give divorcing couples guidance, especially if involving a family business. In Western Australia, the principle of “fair and equitable” in the division of marital assets applies to all, regardless of whether the divorcing couple were legally married or in a de facto relationship.

However, more often than not, the business of a divorcing couple needs protection, which is one of the reasons why The Family Law Act 1975, urges separating couples to make genuine efforts to not directly take the litigation route. When it comes to resolving property disputes, particularly those involving business assets, mediation and arbitration are critical steps to take. That way, they can protect a business from the causes of financial complexities and constraints.

Importance of Getting Prompt Legal Guidance

fair and equitable divisionTo avoid complicated divorce proceedings, it is necessary for all parties involved to act with care by selecting the best legal guidance possible. Historically, divorce proceedings had tended to escalate quite quickly.

Such cases have made it important to get prompt legal advice from family lawyers with strong expertise in matters involving business assets and finance. The benefit of ensuring there is expertise in client representation is that the lawyers belong to law firms that maintain high reputation for having the ability to amicably and efficiently resolve financial disputes arising from asset distributions.

About the Family Law Act of Western Australia

The Family Law Act (FLA) 1975 came into effect in 1976 and was established in recognition of the need to simplify divorce procedures, reduce costs and eliminate fault. The FLA 1975 was introduced to implement reforms in the former fault-based divorce procedures, which many had criticised as one that undermined the marriage institution.

The Family Act of 1975 gave a single reason for divorce: There is no prospect for reconciliation because both spouses are no longer willing to cohabit with each other, signifying “irretrievable breakdown of marriage.” The FLA 1975 requires a separating couple to demonstrate this by living separately from each other for 12 months.

The FLA 1975 reforms also have provisions for distribution of assets, including family businesses as well as the maintenance and custody of children.

In 1997, other amendments were introduced to the Family Law Act 1975. The new 1997 amendments include the acknowledgment of breakdowns in defacto relationships; recognised the superannuation of interests between the divorcing parties and allowed the hearing of bankruptcy issues of de facto couples in WA’s Family Court

Since the amendment aimed to facilitate the speedy resolution of divorce proceedings, the Federal and Circuit Courts were instructed to transfer the divorce cases they were hearing, to the Family Court of Western Australia.

Why Choose a Robo Advisor Over an Online Trading Platform

Posted on By Malkh Arsanukayev

Today’s technological advancements have given ordinary folks the confidence to invest on stocks and securities in order to grow whatever little money they’ve saved.

Digital investing for most millennials means using the trading platforms of investment brokers. On the other hand, the Gen Xers and lately even the Baby Boomers, who are admittedly less savvy when it comes to digital technology, prefer to entrust their savings to digital investment managers who offer investing services via an online platform called robo-advisor.

The younger generation of investors prefer the online trading technology of online brokerages because they are more comfortable managing and controlling their investing and trading activities. The older generation of investors, on the other hand, prefer letting digital wealth managers do the investing on their behalf but based on their risk tolerance as investors.

Yet not many are confused when deciding between online trading platforms and robo advisors. The wealthier ones though just stick to traditional human wealth managers who contend that robo advisors, lack empathy and sophistication in analyzing investing options.

What is a Robo-Advisor and What Makes it Different from an Online Trading Platform

First off, a robo-advisor is a web-based digital technology that allows simple folks with minimal amounts to connect with a wealth manager — for the latter to make sound investing decisions on their behalf. Robo-advisors offer algorithm-driven financial planning and investing services based on the individual’s personal finance, goals and risk-tolerance of clients.

Although robo-advisors furnish financial advice, they automatically invest the assets (cash, stocks, securities, etc.) of their clients. In doing so, they furnish their clients with online tools to use in monitoring where and how their assets are being invested. Generally, robo-advisors invest only in traditional investment products, like stocks, bonds, mutual funds or exchange traded funds (ETFs).

Online trading platforms on the other hand, are digital platforms provided by financial market intermediaries who act not as investment managers, but as brokers. The users of the broker’s trading platform make Investing decisions and take trading positions by following and analyzing trading signals, and other critical market data furnished by the broker-cum-platform provider.

Another main difference of online trading platforms is that they also offer trading opportunities for financial derivatives like contracts for differences (CFDs) on EFTs, precocious commodities, foreign currencies and even cryptocurrencies.

The Advantages of Using Robo Advisors

The advantage of using robo-advisors is that it eliminates the need for investors to do the analyzing, similar to the financial services provided by the traditional human wealth managers, but at lower costs.

Generally, robo advisors charge annual fees based on the total account balance of customers, usually between 0.2% and 0.5%. As opposed to traditional wealth managers, who in the first place, require large amounts of investment money, charge fixed fees as well as collect commissions from the profits gained by their clients.

Why Choose True Potential Investor and Its Robo-Advisor

True Potential Investor has been part of the automated financial services industry since the early adoption of digital investing platforms known today as robo-advisors. If one is to ask “is True Potential any good?, the following awards received by this digital investment manager, since its founding in 2007, will provide the answer.

  • 2011 Best Use of Technology by an Advisor Award from the Money Marketing Awards
  • Best Support Service Award and Best Use of Technology from Money Marketing Awards for 6 consecutive years;
  • 2015 Best for Innovation and Best for User Experience from the Direct Platform Awards
  • 2017 and 2018 Best Platform Provider AUM Under £25 Billion Award from the Schroder Platform Awards
  • 2017 European Business of the Year Award
  • 2017 Business Partnership Award from The Guardian
  • 2018 European Public Vote Award from the European Business Awards, and
  • 2018 Best Platform for Innovation Award from the Platform Awards

Quick Look at Common Factors that Affect Car Insurance Rates

Posted on By Malkh Arsanukayev

When my insurance is about to expire, I always make it a point to still shop around and evaluate in advance the quotes of the car insurance rate near me. That way, I can easily decide whether to simply renew my existing insurance coverage or take out a new policy from a different provider.

Generally, car dealers throw in an auto insurance policy as if it’s a standard aspect of the car-buying deal when asking buyers to sign ownership documents. Actually, if it’s your first time to buy a car, you should have awareness that you can exercise the right to choose your car insurance provider.

I suggest that similar to what I do, look for the most affordable comprehensive car insurance in your area so you’ll know if your car dealer is putting forward the best possible insurance coverage. Otherwise, you could end up paying monthly insurance premiums that sharply impact your budget

Yet when checking out car insurance rates for comprehensive coverage, be in the know that quotes are based, not only on the brand or make of your car but on several different factors as well.

The Most Common Factors that Can Affect the Cost of Auto Insurance Coverage

The first in the list of course is the car with which you seek for insurance coverage. A new car represents road worthiness and several safety features because they can reduce potential costs of repairs and damages when figuring in road mishaps.

However, a variable of this factor is the possibility of car theft. Moreover, the quality of the car you drive can still be impacted by the following:

Driving Record – Needless to say, a poor driving record indicates high risk, which makes it reasonable for the insurance providers to quote a higher rate. On the other hand, new drivers who naturally do not have a car driving history, can also expect to receive higher quotes.

Age – Insurers consider mature and experienced drivers as low risks, as opposed to young adults aged 25 years old or below.

Gender – Generally, insurance companies regard female drivers as less of a risk than male rivers. Mainly because recent statistics show that fewer female drivers were involved in serious car accidents when compared to male drivers. Statistical data also show that only a few women commit serious infractions like Driving Under the Influence (DUI) of alcohol and/or drugs, hit-and-run incidences, or speeding.

Frequency of Car Use – Regardless of age, gender, make of a car and driving history, the frequency with which a driver uses the car can also have an impact on a car insurer’s calculation of risks. Those who drive their cars occasionally denotes fewer exposure to chances of figuring in car accidents.

Location – Residing in areas where there are higher incidences of car theft, vandalism and road accidents are aspects considered about locations. Not a few insurers include locations on where you regularly park your car, or where you usually pass through, as important risk factors. Yet these can be offset if the car, the garage or parking lot has reliable anti-theft systems.

Recently, the vulnerability of a location to serious weather conditions as a result of the climate change phenomena has become an emerging risk factor when it comes to location.

Take note that those mentioned above are only the most common. Insurance companies also consider state laws, a car owner’s credit score, medical history, involvement in lawsuits and other similar factors that could impact a driver’s physical or mental well-being.

Diversifying with Derivatives as Stock Markets Remain Volatile

Posted on By Malkh Arsanukayev

Diversifying one’s investment portfolio by trading with derivatives has become the most repeated financial advice in light of the volatile stock market conditions. There are numerous trading platforms that offer a wide range of investment assets, many of them licensed and offering practice trading platforms to those wading into derivative investment for the first times.

Checking out reviews is only the initial step in finding out which trading platform to select. Yet the best way to truly find out if diversifying with derivatives is sound advice, is to try out several demo or practice trading platforms and compare outcomes using the features, functionalities and tools of brokers.

If there is one broker who has received mostly favorable reviews for its trading platform,we can say for sure that it is IQ Option. The positive feedback gathered on every IQ option review we’ve read, mentioned that the unique, yet easy-to-use technical analysis tools make this broker’s trading platform different from the rest.

That only proves that not all online trading platforms are the same. The availability of functional tools that a financial trader can use in analyzing the different investment assets and in formulating strategies in their trade is a rare find.

IQ Options Technical Analysis Tools

While trading platforms create charts and diagrams, the key to a successful trading is still the ability of the trader to analyze and interpret data. IQ Option helps clients in performing the processes efficiently, by incorporating the following technical analysis tools:

First off, there is a drawing board that comes complete with markers, serving as handy tools for creating and placing markers on graphical analysis and in locating chart patterns. Together with the related indicators appearing in the trading platform, the drawing tools are great to use in working out strategies and analyzing patterns.

Another excellent feature are the indicators that can assist traders in making accurate predictions about price movements. IQ Option actually offer four indicators:

Bollinger Bands – Seasoned financial traders are familiar with this type of indicator, which works by creating borders within which prices move; whilst using data gathered from standard deviations and moving averages. Within those borders, traders can look for signals that indicate Call or Put options; depending where the price breaks, either at the lower or top limit.

Moving Averages – Through this platform, newbies to derivatives can have a clear perception of how moving averages work and of its indication in relation to the diagram. Based on the average price of an asset for a pre-set time interval, a diagram crossing the moving average signifies a call option. Financial trading experts say that the longer the time interval set for the moving average, the greater the potential of signal accuracy. . .

Relative Strength Index (RSI) This indicator is applicable only in analyzing candlestick charts. Still, it’s one of the most popular worldwide because this indicator reflects both the robustness and the size of price changes. However, the RSI appears in a separate window just beneath the chart, instead of appearing on the analysis chart.

Alligator This indicator comprises three (3) moving averages of three different time frames. Traders take note when all three indicators start moving in a single direction because it means a trend has started, which they need to follow.

Having all those functional analysis tools in a trading platform that tracks assets, commodities and indexes, will enable any newbie to gain confidence when giving derivatives trading a try.