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New Indian Express
4 days ago
- Sport
- New Indian Express
Teen star Rethin makes resounding impact with his racquet
CHENNAI: ON a cloudy Saturday evening at the SDAT-Stadium in Nungambakkam, Rethin Pranav clad in fluorescent yellow gave his opponent the blues. He dominated in what may be his final national level junior tournament. After making appearances in the junior Grand Slams this year, he is all set to make his mark in the American College Tennis circuit as he is set to join Cornell University in New York, United States. The 17-year-old began the year at the top-30 in the ITF junior rankings. Those three appearances in the Australian Open, French Open and Wimbledon helped his stocks rise as a junior tennis player. It came off after a title-winning performance at the Fenesta Open National Championship last October and a final appearance in a J300 tournament in South Korea. However, an injury to his left thumb in November 2024 halted that good run. He made it to the Australian Open in January 2025 but that injury kept irking him. Pranav played against World No 9 tennis player from Finland Oskari Paldanius. Despite winning the first set 7-5, he ended up losing to his opponent. "I was slicing on my backhand, he knew that and capitalised on it. I had an unlucky draw but the experience was good," he told this daily. In the three Grand Slam appearances, the Dindigul boy relished the experience in the grass court at Wimbledon early this month. "Wimbledon has a separate vibe, from the other Grand Slams because of the prestige it carries," he said. In Round 1 of the maindraw in the men's doubles event, he and Japanese player Shion Itsusaki lost a tough game to eventual junior champions Paldanius and Polish Alan Wazny.
Wall Street Journal
24-07-2025
- Business
- Wall Street Journal
Asset Management vs. Wealth Management
What is asset management? Asset or investment management focuses primarily on maintaining your portfolio, according to Jaime Eckels, a CFP (certified financial planner) and partner at Plante Moran Wealth Management. 'Asset management is really about the portfolio and what's in it,' Eckels says. 'How much of the portfolio is stocks and bonds? Do you add real estate exposure with a real estate investment trust? Portfolio management is also about when to buy and sell.' Additionally, asset management heavily emphasizes returns, although portfolio results tend to be mixed, says Michael Finke, Ph.D., a CFP and professor of wealth management at the American College of Financial Services. 'The traditional consumer looking for an asset manager is looking for someone to help them pick investments,' Finke says. 'While asset management can be part of an overall wealth management strategy, just relying on picking investments doesn't add a lot of value to a client hoping for an overall strategy to build and effectively manage their wealth.' What is wealth management? Rather than focusing solely on portfolio performance, wealth management offers a more holistic approach to building and managing wealth. 'Wealth management recognizes that each household has its unique characteristics and different goals for how to use that wealth,' Finke says. 'It's about helping clients identify their values and putting together a plan that takes into account taxes, education savings, charitable giving, estate planning and other important aspects of their financial life.' Eckels adds that wealth management is about using your assets to paint a more comprehensive financial picture. 'Wealth management is about more than returns,' Eckels says. 'Instead of just looking at maximizing portfolio performance, you're also figuring out how your assets can help you send the kids to school and retire comfortably, while getting help with tax optimization strategies.' Key differences between asset management and wealth management Both Eckels and Finke say that asset management falls under the umbrella of wealth management. 'Asset management has a narrow focus, and it's a piece of the broad wealth management puzzle,' Eckels says. 'A wealth manager can help you with portfolio management as they provide planning services.' Finke says that, overall, the financial professional industry is shifting toward an emphasis on wealth management. 'Managing investments has really become commoditized. You can use a robo advisor to put together an internationally diversified and automatically managed portfolio for less than 10 basis points across the board,' or 0.10 percentage points, Finke notes. 'The real value of wealth management is in the strategy that goes into building a comprehensive financial plan and then helping the client manage the assets so they can reach their goals.' Which service is right for you? To decide whether asset management or wealth management makes sense for you, start by reviewing your objectives. 'If you have a plan and you're comfortable with how you're handling the rest of your finances, and you're looking for someone to manage your portfolio only, an asset manager might make sense,' Eckels says. 'However, if you need more guidance as well as other services, a wealth manager might be a good choice.' Finke adds that a CFP designation is a good credential to look for. However, he also suggests looking for someone with credentials that indicate a knowledge of planning and potentially additional education tailored to wealth management. 'Don't fall into the trap of [focusing too much on] whether you want a financial advisor who can tell you whether Tesla is a good stock,' Finke continues. 'The research shows the real value comes from having an advisor who understands your goals and has the ability, knowledge and experience to help you reach them.' Finally, Eckels recommends understanding what services you're getting and whether they make sense for the price you're paying. When choosing a financial advisor, it's important to set expectations so you get a good value. For example, some asset managers charge based on the number of transactions they complete on your behalf, or they might receive commissions for buying certain funds for your portfolio. That doesn't mean that your portfolio won't see good returns, Eckels says, but it does raise questions about conflicts of interest. 'Understand the services offered and the payment structure. Many wealth managers base their fees on assets under management [AUM], especially if they are helping you manage your portfolio,' Eckels says. 'However, you often get access to planning services, including a team that can help with estate, tax, charitable giving and education planning on top of financial planning and asset management when you choose a wealth manager that uses an AUM model. Some asset managers use an AUM model, but all you get is portfolio management and no other services.' FAQ Can I use both asset and wealth management services simultaneously? Yes, asset management is considered a facet of wealth management. If you have a wealth manager, you likely also have asset management services included. Are asset managers held to fiduciary standards? Not always. Some asset managers are only required to recommend products and services that are suitable for a client, even if they aren't the best possible. A fiduciary financial advisor is required to act in your best interest and must disclose conflicts of interest. How do fee structures differ between asset and wealth managers? Like most financial advisors and professionals, there are different fee structures that both asset and wealth managers can use. Many asset and wealth managers use an AUM model, but there might be other structures. Asset managers in particular might integrate a transaction model or commission model into their pay structure. Some asset managers receive salaries and bonuses based on portfolio performance. What qualifications should I look for in a financial advisor? Consider looking for someone who has extensive experience and education in the specific financial areas you need help with. Find out what characteristics other clients have and look for a financial advisor who helps people in similar situations. How do asset and wealth management services integrate with tax and estate planning? Wealth managers are more likely to consider the tax and estate planning implications of the assets held and the types of accounts used. Asset managers are generally more focused on generating returns than on tax implications or estate planning services.
Wall Street Journal
21-07-2025
- Business
- Wall Street Journal
What Is a Retirement Advisor?
What is a retirement advisor? As with many other terms in the financial professional industry, there is no regulation around the term retirement advisor. 'All these terms can be confusing for consumers to understand,' says Roger Whitney, CFP, CIMA, CPWA, RMA and founder of the planning firm Agile Retirement Management. 'There's no regulatory structure around these terms, so often an advisor chooses a title designed to attract their preferred clients.' Whitney says he considers himself a retirement planner because he focuses on helping people figure out how to manage their money to support their lives in retirement. What matters more than the title a professional uses, according to Eric Ludwig, Ph.D., CFP, RICP and assistant professor of retirement income at the American College of Financial Services, is whether they have specialized education aimed at the issues surrounding retirement planning. 'We're seeing trends in the financial industry similar to what we see in healthcare,' Ludwig points out. 'There are generalists and specialists. As you plan your retirement, you might want a specialist who has extra education in issues specifically related to retirement.' Retirement advisor vs. financial planner: What's the difference? Both Whitney and Ludwig have CFP designations, which stands for certified financial planner. The CFP certification is a credential from the CFP Board and is recognized for its rigorous standards and education requirements. Whitney points out that a financial planner can help with retirement planning, and a CFP, in particular, can provide additional help with retirement-related topics. 'A financial planner with a CFP credential can probably give you an overview of what you need to do to prepare for retirement,' Whitney says. 'They have access to the right software and an understanding of core concepts. But if you're looking for someone with deeper knowledge, a retirement advisor with extra education and experience can take you to the next level.' Ludwig helped create the retirement income certified professional (RICP) designation, issued by the American College of Financial Services. He says one reason he created education and coursework around that credential is to address the specific challenges associated with retirement planning. 'A retirement advisor with the RICP designation has specialized education and expertise in helping you figure out the best way to begin drawing down your account so your money lasts while you live comfortably,' Ludwig says. 'I have a bias because I'm in the business of training advisors, but when you start shifting your financial strategy to living in retirement, choosing a retirement advisor can help you navigate the unique tax, longevity and spending challenges.' What services do retirement advisors offer? Whitney says that retirement advisors offer specialized services that go beyond traditional financial planning. 'When you're living in retirement—and you don't have a traditional paycheck anymore—you need to use your accumulated accounts to create that income,' Whitney says. 'A retirement advisor will help you with cash flow planning, create a drawdown plan based on the types of accounts you have and help you manage tax planning.' Some common retirement advisor services include: Reviewing your retirement accounts: It's common for retirees to have multiple retirement accounts. You might even have a mix of Roth and traditional accounts. Retirement planning includes creating a roadmap that determines which accounts to focus on drawing down first. For example, Roth accounts don't have required minimum distributions, so that can factor in whether you start taking money from a traditional account, leaving the Roth account to grow. It's common for retirees to have multiple retirement accounts. You might even have a mix of Roth and traditional accounts. Retirement planning includes creating a roadmap that determines which accounts to focus on drawing down first. For example, Roth accounts don't have required minimum distributions, so that can factor in whether you start taking money from a traditional account, leaving the Roth account to grow. Deciding when to begin collecting Social Security benefits: A retirement advisor can look at your situation, goals, current assets and account types to help you determine whether it might make sense to take Social Security earlier or whether you should concentrate on drawing down your accounts while putting off claiming benefits so you have a bigger monthly Social Security check. A retirement advisor can look at your situation, goals, current assets and account types to help you determine whether it might make sense to take Social Security earlier or whether you should concentrate on drawing down your accounts while putting off claiming benefits so you have a bigger monthly Social Security check. Manage sequence-of-returns risk: At some point during retirement, the market is likely to crash—and it might happen more than once. If the market crashes early in your retirement, sequence-of-returns risk can deplete your accounts faster as you're forced to sell assets while their values are down. A good retirement planning professional can help you implement strategies to reduce your risk. At some point during retirement, the market is likely to crash—and it might happen more than once. If the market crashes early in your retirement, sequence-of-returns risk can deplete your accounts faster as you're forced to sell assets while their values are down. A good retirement planning professional can help you implement strategies to reduce your risk. Create an income plan: Your retirement advisor can assist you as you decide how to allocate your portfolio to create the income you need, in conjunction with other sources of income you might have, such as business or Social Security income. Your retirement advisor can assist you as you decide how to allocate your portfolio to create the income you need, in conjunction with other sources of income you might have, such as business or Social Security income. Protect against longevity risk: With life expectancy higher than in past decades, there's a risk that you could outlive your money. Your retirement advisor can help you determine which financial products, services or portfolio strategy might help you outlast your money. With life expectancy higher than in past decades, there's a risk that you could outlive your money. Your retirement advisor can help you determine which financial products, services or portfolio strategy might help you outlast your money. Basic legacy planning: If you're interested in donating to charity and providing an inheritance to heirs, a retirement advisor can help you figure out how to use your money for the benefit of others while still maintaining your lifestyle. If you're interested in donating to charity and providing an inheritance to heirs, a retirement advisor can help you figure out how to use your money for the benefit of others while still maintaining your lifestyle. Tax planning: Investments and accounts come with different tax consequences. An advisor with retirement expertise can help you create a plan that reduces your tax burden, whether that involves qualified charitable distributions from a traditional retirement account or a plan that balances when you withdraw from a Roth. Retirement advisor fees and compensation Whenever you hire a financial professional, it's important to understand how they're paid. Ludwig points out that, like other types of financial advisors, a retirement advisor is likely to charge based on one of three main compensation models: Commission-based: You don't often pay a fee directly when an advisor is paid by commission because they are compensated based on the products and services they sell. You don't often pay a fee directly when an advisor is paid by commission because they are compensated based on the products and services they sell. Fee-only: You pay the advisor directly. There are various fee-only structures, such as fees based on the assets they manage for you, a flat rate for specific services, an hourly rate, a membership fee or a retainer. You pay the advisor directly. There are various fee-only structures, such as fees based on the assets they manage for you, a flat rate for specific services, an hourly rate, a membership fee or a retainer. Fee-based: This is a somewhat hybrid structure. You might pay the advisor for specific retirement planning services, but the advisor might still make money on commissions if they sell you a financial product. 'As a consumer, you need to know who the advice is benefiting,' Ludwig says. 'Are you paying the advisor to create a plan that's best for you, or are they getting compensated from the products they sell?' Ludwig points out that someone getting paid a commission or based on the transactions they complete inside your portfolio isn't automatically a bad thing. The advice can still be good, he says, but you need to be aware of the potential for conflicts of interest later. How to choose a retirement advisor When choosing the best retirement advisor for your needs, Whitney suggests starting with just that—your needs. 'Figure out what you want from the advisor in the first place,' Whitney says. 'What kind of lifestyle do you want to live? What types of activities do you plan for retirement? Are you worried about tax planning? Do you want someone who will manage your money as well as help you make a retirement financial plan?' Once you know what you're looking for, it's time to interview multiple advisors to find a good fit. To narrow down your search for retirement advisors, you can take the following steps: Search for potential candidates: Rather than asking for referrals, Whitney suggests doing a quick search online. There are also advisor networks that can help you narrow your search. Whitney says referrals can be problematic because your neighbor or brother-in-law might not have an accurate frame of reference for who is competent. Rather than asking for referrals, Whitney suggests doing a quick search online. There are also advisor networks that can help you narrow your search. Whitney says referrals can be problematic because your neighbor or brother-in-law might not have an accurate frame of reference for who is competent. Vet your candidates: Whether you're searching for a financial advisor near you or someone to work with at a distance, Whitney says you should do some preliminary research before setting up an interview. He suggests checking their social media posts or articles they've written to get a feel for their philosophy. Don't forget to check and to see if they have complaints or actions against them. Whether you're searching for a financial advisor near you or someone to work with at a distance, Whitney says you should do some preliminary research before setting up an interview. He suggests checking their social media posts or articles they've written to get a feel for their philosophy. Don't forget to check and to see if they have complaints or actions against them. Set up exploratory calls: Once you have a few candidates, set up appointments with three to five retirement advisors for initial calls. Many financial advisors are willing to have a free 20- to 30-minute meeting or call. Once you have a few candidates, set up appointments with three to five retirement advisors for initial calls. Many financial advisors are willing to have a free 20- to 30-minute meeting or call. Ask questions: Whitney suggests asking the retirement advisor about their specialty, their ideal client, what qualifications and education they have, how the advisor gets paid and what conflicts of interest they might have. Consider asking other questions that might help you understand their investment philosophy and background. Whitney suggests asking the retirement advisor about their specialty, their ideal client, what qualifications and education they have, how the advisor gets paid and what conflicts of interest they might have. Consider asking other questions that might help you understand their investment philosophy and background. Verify that they will act as a fiduciary: A fiduciary puts your financial interest first, even if it doesn't benefit the advisor. Consider asking if they're willing to sign an attestation that they will act as a fiduciary. A fiduciary puts your financial interest first, even if it doesn't benefit the advisor. Consider asking if they're willing to sign an attestation that they will act as a fiduciary. Verify their credentials: Make sure the advisor you interview has the education and designations you prefer. You can usually check with the governing board to verify that they are up to date on continuing education requirements to maintain their credentials. After you have interviewed a few retirement advisors, you should have an idea of what to expect and who you might work well with. Choose someone you're comfortable with and who aligns with your values. FAQ When should I hire a retirement advisor? If you don't have the time, desire or expertise to navigate the issues surrounding retirement income planning, taxes and longevity risk, consider hiring a professional to help you create a plan for retirement. What certifications should a retirement advisor have? While there are no specific certifications that a retirement advisor is required to have in a regulatory framework, it might make sense to consider looking for someone who has completed a course of study and received a designation that indicates expertise in retirement planning. Two credentials are the RICP and the retirement management advisor (RMA). Can a retirement advisor help with Social Security planning? Yes, a retirement advisor can usually help you with Social Security planning, including how to decide when to start taking benefits. How often will I meet with my retirement advisor? How often you meet with your retirement advisor depends on the schedule you set up and your individual needs. It's relatively common, however, to meet with a financial advisor at least once or twice a year to review your concerns, goals and make tweaks to your plan. Can a retirement advisor help with estate planning? Some retirement advisors can help with basic estate planning tasks. However, depending on how complicated your situation is, you might want to consider adding an estate planning attorney or other professional with specialized knowledge to your financial team.
The Age
10-06-2025
- Business
- The Age
Optiscan unveils high-tech imaging device for veterinarians
Optiscan Imaging has unveiled its high-tech microscopic imaging device InSpecta, designed for use by veterinary clinics to boost diagnostics and treatment options for the huge animal healthcare market, including the lucrative pet segment. The new-age imaging device provides a first step for the company into the veterinary medicine market and expands its product suite to a growing key industry. The company's InSpecta device is designed to deliver real-time, non-invasive imaging to improve diagnostic and treatment outcomes for companion animals, including dogs, cats and horses. With a whopping 76 million dogs and 60 million cats estimated in the United States alone, the existing demand for veterinary services is significant. The demand for treating complex conditions, such as cancer, is expected to grow the industry further and may deliver lucrative opportunities if the technology can pass muster. 'We are thrilled to reveal the InSpecta device to both investors and veterinary medicine professionals.' Optiscan chief executive officer and managing director Camile Farah Optiscan has partnered with the University of Minnesota's College of Veterinary Medicine to conduct testwork on the device and use the data to help support the required regulatory submissions. The veterinary device market may provide a faster pathway to approval than the human medical device industry, where the company is also working, potentially opening the door to earlier revenue options. The company will demonstrate the device at the prestigious American College of Veterinary Internal Medicine conference in Kentucky next week. Optiscan chief executive officer and managing director Camile Farah said: 'We are thrilled to reveal the InSpecta device to both investors and veterinary medicine professionals. Our design team should be extremely proud of their efforts to get this market-changing device to the reveal stage. InSpecta is based on the company's life sciences imaging platform, ViewnVivo, and offers veterinarians an easy-to-use, portable and robust imaging device, which is purposefully designed for their particular needs.' Farah said the device can be used in both in-vivo and ex-vivo applications, such as imaging tissue pathology samples. The company incorporated feedback from vets during its design stage.
Sydney Morning Herald
10-06-2025
- Business
- Sydney Morning Herald
Optiscan unveils high-tech imaging device for veterinarians
Optiscan Imaging has unveiled its high-tech microscopic imaging device InSpecta, designed for use by veterinary clinics to boost diagnostics and treatment options for the huge animal healthcare market, including the lucrative pet segment. The new-age imaging device provides a first step for the company into the veterinary medicine market and expands its product suite to a growing key industry. The company's InSpecta device is designed to deliver real-time, non-invasive imaging to improve diagnostic and treatment outcomes for companion animals, including dogs, cats and horses. With a whopping 76 million dogs and 60 million cats estimated in the United States alone, the existing demand for veterinary services is significant. The demand for treating complex conditions, such as cancer, is expected to grow the industry further and may deliver lucrative opportunities if the technology can pass muster. 'We are thrilled to reveal the InSpecta device to both investors and veterinary medicine professionals.' Optiscan chief executive officer and managing director Camile Farah Optiscan has partnered with the University of Minnesota's College of Veterinary Medicine to conduct testwork on the device and use the data to help support the required regulatory submissions. The veterinary device market may provide a faster pathway to approval than the human medical device industry, where the company is also working, potentially opening the door to earlier revenue options. The company will demonstrate the device at the prestigious American College of Veterinary Internal Medicine conference in Kentucky next week. Optiscan chief executive officer and managing director Camile Farah said: 'We are thrilled to reveal the InSpecta device to both investors and veterinary medicine professionals. Our design team should be extremely proud of their efforts to get this market-changing device to the reveal stage. InSpecta is based on the company's life sciences imaging platform, ViewnVivo, and offers veterinarians an easy-to-use, portable and robust imaging device, which is purposefully designed for their particular needs.' Farah said the device can be used in both in-vivo and ex-vivo applications, such as imaging tissue pathology samples. The company incorporated feedback from vets during its design stage.
