The Securities Industry Essentials (SIE) exam covers a wide array of financial topics. Although this exam covers in-depth knowledge of the financial services industry, it is not impossible to pass. The following study guide lays out the basic securities industry information you need to know for the SIE exam. Changes in Securities Industries Essentials Exam
For some, the words “artificial intelligence” are associated with self-driving cars, sentient robots, and world-threatening supercomputers. However, artificial intelligence and machine learning are now being used to optimize a wide range of business processes including fee calculation, billing and invoicing. Manually processing invoices can be a time-consuming, error-prone procedure that exposes businesses to reputational risks,
While this model did have its many benefits, historically, there have been challenges in managing things like transitions, taxes, restrictions, and profitability.
Within the global financial services industry, one popular strategy that wealth management firms utilize to manage portfolios better is sleeve management, also known as sleeve accounting. Sleeves exist to allow financial advisors to segment and subcontract the management of a single portfolio to third-party experts more easily. While this model did have its many benefits,
Traditionally, when creating a fee schedule, all payment levels would make up a single fee structure. This meant that if an investment advisor wanted to change a specific fee within the structure, the entire fee schedule would need to be recreated.
When investment advisors invoice their clients, the fees are calculated based on a fee schedule. There are several different types of fee schedules that advisors can utilize to determine a client’s fees, including flat, tiered (blended or linear), and conditional just to name a few. For example, under a flat investment management fee schedule, all
In the post-pandemic world, business has moved from mostly toying with new virtual models to full adoption in just 18 months. For example, virtual meetings and remote work were outliers before COVID-19 but are now clearly here to stay, many brick-and-mortar businesses have fully embraced digital, even restaurants have moved menus online and adopted their
The relationship between investment management firms and their clients has been constantly evolving over the past 10 to 15 years. While the investment management industry was once relatively standardized when it came to the products and services offered, today’s firms are considerably more flexible, offering a wider range of billing models, financial services, and unique