Latest posts by Daniel Bruellmann (see all)
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Alternative financial services compensate banks retreat. What can you do?
- What alternatives financial services exist to arrange financing, grow and protect wealth, invest in or sell a company, or save on other services?
What can you do now to get your business financed?
- You can make sure that your business is among those investors and lenders judge worthwhile. And you can approach alternative sources.
- You can do more yourself or hire somebody to do it for you. Doing it yourself is what large corporations and family offices generally do and keeps you in full control.
- Present your case the best way. If your case is fitting in lenders wishes, your good CFO and treasury might get better terms than in the past.
- However, if you do not need such capabilities on a recurrent basis, you might not haven such full-time functions in-house, but you can talk to us.
How can you have your assets and liabilities correctly managed?
- Pay an adviser for the services you were used to receive from the bank. It might save you money and provide you a not conflicted result. You probably have been paying for bank advice anyway through expensive products, custody fees, exchange rates, etc. We are confident that we will find potential with alternative financial services.
- Plan for the longer term than the time horizon of banks salespeople. Think about and your succession, wealth preservation within the family, investments or sale of the company or specific major assets and properties. Such events should be prepared for long ahead.
How can you take advantage of rising opportunities
- Crowdfunding, peer-to peer lending, traditional and alternative debt providers, payment services, brokers and all kind of Fintech platforms are growing alternative financial services.
- However, if you are not only buying services but asking for money, make yourself and your case attractive for the counterpart, make your financials understandable and watch your rating.
- You can easily save money on smaller opportunities such as foreign exchange or stock broking. As an example: a difference between bid and ask of bank currency exchange rates 1–7%, depending from amounts and currency pairs, means 0.5 – 3.5% margin on inter-bank rates. You, or we for sure can definitely get better than that.
- Mergers and Acquisition are becoming more dynamic also in the lower segment. Rise and consolidation of platforms allow an ever faster and broader reach to Investors. Talk to us if you want to get ready for such transactions.