Shreveport, La. (PRWEB) December 20, 2011

Building on the success of its archiving solutions in the financial services sector, ArcMail Technology, Inc. today announced a new research report called The Critical Importance of Archiving in the Financial Services Industry.

Researched and written by industry expert Michael Osterman, president and CEO of Osterman Research, the report is being offered at no cost to those who register online to receive archiving whitepapers from ArcMail. It is filled with valuable takeaways for financial services firms as well as organizations in other markets, and provides three key steps that businesses can take to address compliance and retention obligations:

1) Every company, regardless of its size, must develop policies focused on the retention of its business records.

2) It is critical to deploy archiving technology that can satisfy content retention policies for email messages and their attachments, as well as potentially other types of content such as files, social media posts, instant messaging conversations and other data.

3) Choose an archiving system that can integrate with and satisfy other organizational requirements, such as making content available in a format that will satisfy regulators, external legal counsel and others.

Fines Exacted on Companies Failing to Retain Emails

The report comes on the heels of news earlier this month that a unit of Citigroup agreed to a $ 750,000 civil fine for not retaining millions of emails as required by securities industry rules, according to a settlement with the Financial Industry Regulatory Authority (FINRA).

Financial services firms that do not comply with the various federal and state requirements for content preservation can face serious consequences, says Osterman. And while most fines have focused on larger institutions, there are growing indications that smaller banks, credit unions, broker-dealers and others are just as vulnerable to fines and other sanctions for inadequate recordkeeping.

The research concludes that archiving and retention for financial services organizations is of critical importance. Financial services firms must be vigilant to maintain adequate corporate governance practices and technologies in the context of records retention, adds Osterman.

ArcMails Universal Archiving Strategy Supports Financial Service Industry Requirements,

Demonstrates Industry Leadership

The question facing financial services firms today is no longer whether to retain data, but how much to retain and how to go about getting the job done right, says Rory Welch, CEO of ArcMail.

Given the likelihood that retention obligations will become more stringent in the future, ArcMail is building upon its market leadership with universal archiving solutions that securely and cost-effectively address a full spectrum of compliance and data retention requirements, says Welch. At the same time, our solutions take into account the many new communication and messaging technologies that have emerged from social media conversations to instant messaging and more to ensure that a comprehensive range of data types are supported for our customers.

ArcMail has launched a string of innovative products this year including an archiving appliance for Salesforce.com Chatter, the real-time enterprise collaboration platform; ArcMail Guardian, an email archiving solution for Google Apps email; and ArcMail for Instant Messaging, a new IM archiving appliance that works with all the most popular IM platforms including Yahoo!?, AOL Instant Messenger? (AIM) and MSN?.

Last month, the company introduced the ArcMail Defender Cloud Storage Gateway, a new breed of gateway technology that enables businesses to designate the files they want securely available at their fingertips at breakneck speeds, while also taking advantage of the datacenter cost savings that cloud storage allows.

Follow ArcMail on Twitter and on Facebook.

About Osterman Research

Osterman Research provides market research, industry analysis reports, white papers, webinars, surveys and related services for vendors and customers in the messaging, Web 2.0, social media, mobile, collaboration and information management sectors, as well as other markets.

About ArcMail Technology

ArcMail is a world-class trusted provider of scalable solutions that address multiple business issues through best-in-class archiving technologies and services. For more information, visit http://www.arcmail.com or call 318-841-1151.

The company, brand and product names are used herein for identification purposes only and may be the trademarks or registered trademarks of their respective owners.

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San Jose, California (PRWEB) January 12, 2012

Follow us on LinkedIn Financial planning is the methodical approach enabling a person or business to achieve monetary goals through optimum deployment of resources. The sector encompasses diverse aspects of the financial needs of a person or business entity including investment and planning, cash flow and liability management, tax planning, risk management and insurance planning, estate planning, education planning, retirement planning and wealth management. Consumers avail these services through independent financial advisors (IFAs) and planners, as well as a host of financial institutions including banks, insurance companies, securities and fund houses, real estate managers and so on.

The collapse of global stock markets in 2008 & 2009 wielded a direct blow on the financial planning services industry, which was beset with issues, such as, significant deterioration in invested asset value, financial insecurity of clients, and high unemployment levels. With US and Europe, the two largest markets for financial planning services, reeling under the global economic downturn, the industry witnessed a slump during the period 2008-2010. Moreover, as central banks all over the world increased interest rates to contain inflation and currency fluctuations, investors turned cautious, fleeing towards relatively safer fixed-income assets and gold, besides questioning the quality of financial advice they received. At the same time, investors are shying away from relatively risky long-term assets such as real estate and equities, leading to a state of stagnation in the respective markets. This inevitably led to dip in revenues in the Financial Planning Services market triggering a spate of fee and staff cutbacks, and thereby broad consolidation in the global industry.

However, the financial planning services industry is currently making a strong comeback from the recessionary blues that redefined the fundamental approach to financial advice. Strong business growth potential exists for independent financial advisors (IFA) offering personalized approach for guiding clients through issues of unemployment, mounting debt, and financial losses. As a result, several financial advisory firms are strengthening existing IFA channels by recruiting and training advisers. World over, governments and regulatory bodies are implementing qualification and practice standards for IFAs such as CFP and MRDT memberships, as well as effecting changes in the structure of adviser fee. Advisory firms in the United States are eyeing the high-potential baby boomer segment comprising ageing and affluent individuals who require retirement planning.

Wealth managers are facing challenging times with high-net worth individuals (HNWIs) demanding active control over their investment portfolio, as well as personalized advice. Advanced software applications are coming to the aid of wealth managers in providing clients anywhere and anytime access to portfolio. Personalized service, quality of advisers and an attractive fee-structure are the new keys to survival in the highly competitive wealth management sector.

Another noteworthy trend is the growing number of companies offering employees professional financial planning services in addition to fringe benefits such as a company car, free dental care, gym membership, among others. Such practices aid in projecting the employee-friendly image of the company, while enabling employees in planning and implementing their financial goals. This also goes a long way in boosting employee morale, loyalty and productivity, as well as lowering staff turnover. Moreover, conventional pension plans offered to workers in the form of a corporate group plan, are often inadequate to meet the future needs of the employee. Expert financial planners on the other hand work with each employee and devise a plan suited for their requirements and earnings. Small and medium businesses (SMB) are a relatively untapped segment for the financial planning sector, given the dire need for financial planning in order to ensure the smooth flow of working capital and safeguarding against fluctuations in respective industries.

The research report titled Financial Planning Services: A Global Outlook announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers a rudimentary overview of the industry, highlights latest trends and demand drivers, in addition to providing statistical insights. Regional markets briefly abstracted and covered include United States, Canada, France, Italy, UK, Spain, Australia, China, Hong Kong, Korea, Singapore, India, and Malaysia. The report offers a compilation of recent mergers, acquisitions, and strategic corporate developments. Also included is an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of companies worldwide.

For more details about this comprehensive industry report, please visit

http://www.strategyr.com/Financial_Planning_Services_Industry_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

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Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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Question by Raj M: Post Graduate Diploma in Advanced Financial Planning and wealth management?
Hi! I am Raj from Delhi and i had done Graduation from G.G.S.I.P. University and want to do Post Graduate Diploma in Advanced Financial Planning and wealth management from Indian Institute of Financial Planning (IIFP). I want to know that is this course worth. Will this course help me to build a career in Finance Sector. Please Suggest me. I am in great trouble.

Best answer:

Answer by Prashant A
The Post Graduate Diploma in Advanced Financial Planning from IIFP is a course which is industry recognized.This is the course which would actually give you a headstart in your career.

Moreover the practical and the industry exposure which is the most important aspect of any profeesional course is an intergral part of the IIFP curriculum.

Prashant
IIFP
9953755094

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Seattle, Washington (PRWEB) January 12, 2012

It is still the season for New Years Resolutions focused on getting out of debt. Each year millions of people file bankruptcy or go into debt due to the overwhelming expense of medical care. Often this debt is hidden in the balances on credit cards. While it is understandable why someone would choose to pay this debt with a credit card, this form of debt consolidation can have many drawbacks and it may be possible to avoid it altogether and complete the resolution of getting out of debt. Below are some guidelines from American Financial Solutions on how to manage medical debt and avoid the high costs of debt consolidation on credit cards.

Know the Debt Ratio

One thing to consider when using a credit card to consolidate debt from medical bills is the amount of available credit remaining on the credit card. A significant factor of a consumer credit score is how much debt they have compared to their available credit limit. The ideal ratio is 30%. This means that at any given time someone should only be using 30% of their credit line or it will begin to negatively impact their score.

Know the Monthly Payments

Another consideration, before consolidating medical debt on credit cards, is the monthly minimum payments on the credit card. The reason for putting medical bills on a credit account is typically to make the amount of debt more manageable to repay, so consumers need to ensure that the new payment on their credit card is something they can afford.

Also, be sure to make all payments on credit cards on time. Missing payments can cause late fee penalties, an increase in interest rates, or both. It is important for people to review their budget and use an online calculator to estimate what their new payment would be. American Financial Solutions has a credit card calculator available online at http://www.myfinancialgoals.org under the AFS Education Resources tab.

Know About Other Resources

When deciding whether to pay the medical debt with a credit card, consider what other resources may be available to help pay the bill. These may include:

1. Developing a payment plan with the medical provider. Ask the provider if they will accept payments rather than one lump sum. Explain your financial situation and only promise to pay what you truly can afford. For instance, if you know you cannot send $ 200 a month, let them know how much you can send and be sure to follow through.

2. Negotiating the price of the medical treatment and associated services. A well kept secret about medical bills is that they may be negotiable. There are even websites that can help consumers determine the fair market price, for specific services. One such site is Health Care Blue Book.

3. Requesting financial assistance such as charity care or coverage through a state medical program. Charity care is the common term used for a hospitals decision to write off or reduce the cost of hospital services. Charity care is based on income and family size.

One of the most frustrating positions to be in is when you want to pay a debt, but the only way you can afford to do so is by incurring new debt or making minimum payments. That extra burden can put people at serious risk for falling behind on debts or even for filing bankruptcy. Unfortunately, concern about medical bills may cause people to postpone medical care, which can result in the need for more expensive treatment when care becomes urgent.

You can learn more about managing medical bills and consolidating debt by visiting American Financial Solutions website.

American Financial Solutions (AFS) is a national non-profit financial education and credit counseling agency. In business since 1999, AFS helps people improve their financial lives through one-on-one counseling, financial education and plans for managing debt.

AFS is a member of the National Foundation for Credit Counseling (NFCC) as well as the Association for Independent Consumer Credit Counseling Agencies (AICCCA). AFS is also accredited by the Council on Accreditation (COA). For more information, please visit http://www.myfinancialgoals.org.

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