Category Archives: Fidelity Bond
Is AllianceBernstein’s New Fund a Bid to Stem Outflows?
AllianceBernstein has been watching money flow out the door this year. According to Morningstar data, it has lost an estimated $3.3 billion in mutual fund assets year to date through October 2011, continuing the trend of outflows the firm has seen every quarter since September 2008. with roughly half of the outflows this year coming from the AllianceBernstein International Value and AllianceBernstein International Growth strategies, the firm’s international funds have been hit particularly hard. in the face of this investor purge, the asset manager filed to launch AllianceBernstein Emerging Markets Equity in 2012.
U.S. Treasury Increases Main Street America’s Surety Bond Capacity to $73.3 Million
JACKSONVILLE, Fla., Oct 17, 2011 (BUSINESS WIRE) –The U.S. Department of the Treasury has raised The Main Street America Group’s NGM Insurance Company’s single surety bond capacity threshold with limits available up to $73.3 million.
Virginia Condominium & Homeowners Association Lawyer: Insurance/Fidelity Bond Minimum Requirements
Question:
What are the minimum requirements for insurance/fidelity bond for a 10 Unit condominium with $50,000 in reserves and annual receipts $60,000?
Answer:
Fiduciary Liability Insurance
With the collapse of Wall Street last year, many firms considered “too big to fail” did just that. when many of these companies failed, the benefit and retirement plans they created for their employees were either severely hurt or also failed, leaving many employees in the lurch with regard to benefits.
Surety Bonds – General Info
A surety bond is a promise to pay one party (called the obligee) an amount if a second party (called the principal) fails in meeting some obligation, for example fulfilling the terms of a contract. the third party in this obligee protecting contract is the surety, the party that assures the obligee that the principal could perform the given task. In other words, the contract is formed to demonstrate the credibility of the principal and to induce the obligee to contract with the principal. To get the bonding companies’ strength to extend surety credit, the principal pays a premium, usually per year. the surety is commonly an insurance company whose solvency is verified by governmental regulation, a private audit or both. Penal sum is a specified maximum amount of money that the surety is required to pay in the event of the default of the principal. According to that, the premium is determined. In U.S. surety bond premiums are about $3.5 billion per year.
What’s your cyber liability? Seminar on social media and the financial industry planned for November 17
Financial services expert Kevin Breard of CPA firm Breard & Associates will conduct a seminar in downtown Seattle on November 8 focusing on a wide range of topics including the effects of social media on the financial industry.
Q&A: Financial Planning
Close home loan or buy land?
I am 28. I purchased a house in the National Capital Region with a home loan about two years ago. Now, I have some surplus money from the sale of my ancestral land in Bhopal. with the money, I can either close my home loan, which will end my EMI burden, or I can buy another piece of land in Noida with good prospects of appreciation. but I am confused about what to do. Sonu
Business Accounting Software Inc. News
About Lillian Aaron
Lillian Aaron is inspired by small and mid-sized businesses. she understands the challenges they face and the tenacity required to build strong, growing organizations. in 1983, Lillian began providing hands-on consulting and business automation services to clients in Florida and the Carribean. after relocating to Texas in 1996, she embraced the name Business Accounting Software, Inc., and quickly positioned BAS as a respected technology and consulting firm helping clients throughout the United States and overseas. As President of BAS, Lillian works with a team of specialists to implement and support leading-edge products that drive efficiency and profitability for diverse clients. Their friendly, one-on-one consulting style helps business owners and managers feel at ease when adopting and learning new technology systems. Lillian’s background is unique. she grew up on a farm in North Carolina. her early experiences involved down-and-dirty farm routines, driving a school bus and teaching music. she also pursued a career in nursing, but a passion for business kept her intrigued by the inner workings of small and medium-sized companies. she attended Florida Atlantic University and decided to make the most of her astute business skills by establishing BAS from the ground up. she designed the company to serve as a trusted partner for manufacturing, service-oriented and non-profit organizations. BAS sells and supports advanced technology solutions that can be expanded and customized based on each client’s distinct needs. Products for smaller businesses include Intuit QuickBooks Enterprise (BAS is one of only four Intuit Solution Providers in the Austin area) and Method Integration (Method Certified Account Manager and winner of the Rookie of the Year award). For larger organizations that have outgrown QuickBooks, BAS offers TRAVERSE Accounting Software (Top 25 Partner) and Open Systems Accounting Software (Top 25 Partner, Partner Council Member for over 14 years as a loyal reseller for Open Systems products since 1983). Lillian continues to make her mark in the community. she has served as Commissioner of Emergency Services, Board Member of Jonestown Water Supply, President of American Society of Woman Accountants and Charter Member of Zenith Alliance, a business group that defines best practice models for top national resellers.
