How cloud computing technology is taking over the corporate world

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Information sharing has been a crucial factor in the success of business operations and management for decades and the recent introduction of cloud computing technology has provided a more advanced and secure approach to this method. For one, it has made it possible for companies and organizations to digitally store, access and protect data any time, wherever they are in the world.

When cloud computing took over the corporate world, it rendered obsolete the need to have a data storage facility that can be easily vulnerable to breach. The cloud, as a platform, has enabled access and sharing of resources from pools of data with lower cost, minimal effort, and a more centralized approach.

One essential reason for turning to the cloud and its services is how it allows companies to concentrate on their organization’s core businesses instead of allotting more resources on physical infrastructure as well as maintenance. As a low-cost alternative, organizations no longer have to worry about up-front costs for IT infrastructure.

According to the technology’s proponents, cloud computing technology will lead enterprises to the convenience and efficiency of running their applications faster, providing better manageability, without the further responsibilities of regular maintenance. Most importantly, with cloud computing, IT teams can easily respond to and adapt to the most unpredictable demands of adjusting and managing resources.

Innovators like Microsoft and Amazon are the leading companies that are at the forefront of cloud computing. These two technology giants, through Amazon Web Services (AWS) and Azure, aims help organizations gain access to the high-capacity networks and low-cost, cloud-based storage devices – and these are just are just some of the several benefits that this technology has to offer.

The ideal Estate Planning strategy should include these key components

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Estate Planning is one of the most avoided conversations especially for people who believe that they should celebrate life more than think about what is going to happen when it’s finally over. However, the truth is, setting your financial goals after you die by ensuring that your assets are protected and your family is taken care of, is a critical step that you should focus on as early as now. Why?

You know too well that you have worked so hard to establish your wealth and provide for the people you love. But what will happen to the fruits of your hard work after you die? Without proper planning, something as unexpected as death can all just tear down everything that you have built.

If you want to protect your wealth and your assets, consider these key components of Estate Planning.

1. A Will can make sure that the individual’s wishes, as well as the distribution among heirs, will be easily carried out after death.

2. In some cases, individuals deploy Trust as a way of securing their assets (living or after death), providing legal protection of their wealth and managing them later on according to their wishes. It is made up of three participating parties: the trustor, the trustee, and the beneficiary.

3. A Power of Attorney is a major component that strengthens a strategic Estate Planning. The Healthcare Power of Attorney, for instance, lets you assign a particular person as your decision-maker when it comes to healthcare concerns. This component also lets you outline your wishes at the moment of incapacitation, illness or death.

For a greater understanding of the many ways to protect your assets and estate, consult with investment experts at LOM Financial. Visit their official website HERE.

Top jurisdictions for discretionary portfolio management

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When buy and sell decisions are under the discretion of an investment manager, clients have the assurance that their portfolio is well organized and in good hands, thanks to the expertise and experience that this type of asset management has to offer.

However, it’s not that easy to find an exceptional discretionary portfolio manager, unless you know where to look. There are several financial centers scattered all over the world but topping the list are offshore financial centers located near or within the Caribbean region. Here are the three most trusted financial centers and what they have to offer when it comes to offshore discretionary portfolio management.

Bermuda

Bermuda is home to several financial offshore services and it includes offshore discretionary management that caters to high net-worth individuals from every part of the globe. One of this financial location’s known strengths is its popularity in helping their clients build a strategic portfolio because of its connection to different investment assets. One example is its access to hundreds of mutual funds that strive for building a valuable and sustainable portfolio.

The Cayman Islands

Cayman’s tax-neutral status is not the only factor that makes it one of the top providers of discretionary portfolio management services. This jurisdiction provides tailor-made policies for foreign investments, with a legal system that protects and gives freedom to professional service providers in making the best financial decisions for their clients.

The Bahamas

One of the goals of this jurisdiction is to create a globally competitive financial sector especially when it comes to private wealth management and capital investment. Thanks to the foreign-friendly investment policies created by the Bahamian government, its financial sector is able to present a globally-accepted set of regulations that have benefited services such as portfolio management for international clients.

How the Asia Pacific region emerged as the new hub for international investors

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In the next ten years (or even earlier), the Asia Pacific region is expected to come on top as the most important component of the global economy, not only boosting the markets of its member countries but also providing positive gains for foreign direct investments.

According to the 2017 Regional Economic Outlook report, Asia and the Pacific were expected to lead the global growth, with a 5.4% increase in 2018—and the forecast did not disappoint international investors looking for opportunities in this emerging investment hub.

There are several factors that made the Asia-Pacific market highly favored by international investors. For instance, the demographic advantage of the region—with about half of the world’s population—makes it a pool of billions of consumers, facilitating to a highly dynamic market. Led by China, the region’s impressive population delivers a combined GDP that makes the regional market the most productive in the world.

It is also a fact that every country in the region is home to the world’s biggest economies like Japan, China, Australia, and India, as well as emerging markets like Indonesia, Thailand, the Philippines, and Vietnam, among others. Moreover, the growing population of young middle class among Asia-Pacific nations especially in Southeast Asia has continued to help their economies grow. The increase in consumption and public spending are the direct results of this growth, providing an optimistic forecast for regional market’s current and future investors.

Last but the most important factor is, Asia-Pacific’s sudden yet effective shift in its member country’s trading behavior. Unlike before when they relied on their economic trading partners from Western powers like North America and Europe, intra-regional trading became the norm and the pattern is expected to further boost the region’s rapidly advancing economy.

Many of the world’s offshore financial centers are also taking notice of Asia Pacific’s massive potential as a fertile ground in which to grow dynamic investment portfolios for international investors. The likes of LOM Financial have built up offshore mutual funds specifically designed to take advantage of the growth of emerging markets, which include many of the region’s economies.