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There are so many challenges that finance managers face. They have to keep checking financial records so as to ensure that the true financial status of the organization is represented which can be quite tasking.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoIn the wake of mass economic stability the prime issue are as follow:
- Consumer or client retention (loss of consumer confidence)
- Former compliance issues of investment options
- Stable wealth protection vehicles that hedge economic stability
- Enough liquid and value holdings that consumers are desiring
- Trust and Finance manager fees competition (it's not unheard of most waiving fees as until portfolio performances are met as again to garner clients)
- Key is accurate technical key market analysis (as most have been pencil whipped in the past example Lehman Brothers rated Greece's Credibility to enter the Euro).
- Economic policy, Financial Security Compliance- there have been IT snafu's in the past 5-yrs that have downgraded financial securities trading.
- Performance monitoring risk assessment reporting
- Clients longevity (some at any given market may not have stable incomes)-if hit in economic bubbles most will cash out and down grade investment options.
- Not enough diversification avenues accessible for clients and or financial managers access.
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