Finding Professional Financial Advisors

The financial advisor refers to any person registered with the Australian Securities Exchange corporation (ASX), as an advisor. They are registered with the ASIC, and are engaged in the financial field. They may have a Bachelor of Business Administration or a Bachelor of Science in Business and Securities. Their professional experiences range from being a chartered accountant to being self-employed. A Financial Advisor Melbourne can be self-employed but is more often than not employed by financial institutions.

As already mentioned that a Financial Advisor Melbourne refers to any individual registered with the Australian Securities Exchange Corporation (ASX). However, not all financial advisors are licensed to practice. Therefore, it is important for you to confirm with the regulatory body governing the practice of financial advisors in your state. In most cases, there are two types of regulatory bodies in Australia. There is the prudential regulation body, which has tougher requirements on behalf of clients, and there is the consumer protection body, which protects the interests of the consumer. In order to become registered with the ASX, a financial advisor must be a practicing professional with at least five years experience in financial advisory services.

Professional financial advisors in Melbourne also deal with tax issues, and they usually deal with business taxation and benefits. However, some of the self-employed financial advisors are also professional tax advisors, who work exclusively with tax matters. In addition to assisting clients with tax matters, the professional financial advisors also ensure that their clients comply with other laws such as those governing the financial industry, such as those governing anti-money laundering and counter-financing. This ensures that their client’s money is safe.

It is important to note that not all professional financial advisors in Melbourne are registered with the ASIC. In fact, many people consider it unnecessary to get an expert financial advisor just because he or she is not registered with the ASIC. Some of the self-employed professionals may not have an IT diploma or professional trading experience, but they can still give valuable advice to their clients. Moreover, these professionals might not have a law background, but they can provide valuable legal and financial advice to their clients on matters such as insolvency, wills, mortgages and so on.

When choosing an accountant for your business, it is important to know if the person specializes in the area of finance or not. For instance, accounting advisers in Melbourne can help with all areas of financial planning. Other advisers in Melbourne specialize in one or two areas, which is fine if you only need a little bit of advice from them. However, if you have a large business or several branches, it is better to get an accountant that is well-versed in the field of finance.

As you can see, when choosing a professional financial advisor in Melbourne, you have a number of different options to choose from. If you want someone who is well-versed in finance, there are various ways to find them. For instance, you can search for them online, in the yellow pages, or in the classified ads. You can also ask your friends, colleagues, or neighbors if they know any professionals who can provide you with the services you need. No matter how you find a professional financial advisor in Melbourne, you will definitely benefit from the advice they can offer you on your financial affairs.

How Internet of Things has made the Trucking Industry better?

In the year 2016, there were approximately 4,93,730 trucking companies in the U.S., as per a report by FMCSA. Even today, most of the small business owners in the U.S. are truckers. So, as this industry grows, it becomes necessary to track several statistics of this industry in real-time. Factors like the load on the trucks, time required for loading and unloading of goods, traffic on the travel routes, Tracking the vehicles in real time, etc. are important to the fleet managers and truck owners of the businesses.

The Internet of Things (IoT) plays a significant role here. It has connected sensors, electronic monitors, actuators, GPS Receivers, RFID systems, beacons, etc. with a network of physical devices, appliances, vehicles, and other items for data collection and communication. IoT in transportation and trucking industry has provided several promising solutions to develop powerful applications and systems.

Let’s look in detail about what this futuristic technology has in store for the ever-growing trucking and transportation business.

Role of IoT in the Trucking Industry!

IoT-based solutions are transforming the trucking industry in unbelievable ways. They assure better transparency, higher operational efficiency and enhanced security and ultimately increase the profit margins. Trucks which has Sensors connected, travel via different routes and at various locations sensors collect and send data to the decision-makers for the insights that help in gaining better results.

In the year 2015, Saia LTL Freight Inc., a reputed trucking company in America, had installed sensors in their trucks for tracking fuel usage, maintenance needs, and many other performance metrics. This raised the fuel efficiency of the company by 6% saving millions of dollars.

An excellent example of IoT-based solutions for trucking industry is AppWeigh. It is a specially designed mobile app which uses Bluetooth-enabled weight sensor to measure the load on air suspension trucks and trailers throughout its shipment. The truck weight is directly sent to the owners on their smartphones to keep them informed. The owners can ensure that their trucks and goods are safely and legally loaded to the destination. This app can be useful to individual truck owners as well as transportation and trucking companies as they alert the drivers and managers when the weight in the vehicle crosses the permissible limit and thereby facilitates them to take immediate action.

How IoT impacts the Trucking Industry?

Real-time monitoring:

In the trucking industry, IoT is used for tracking the real-time location of trucks, load on the trucks, condition of goods, traffic in the route, etc. IoT-enabled GPS trackers are used to continuously monitor and track the location of vehicles. This real-time data is transmitted to a central system and then updated to mobile phones using the internet. Thus, IoT allows the drivers, fleet managers or owners to respond quickly to situations like traffic jams, bad weather conditions, and re-routing the trucks, avoiding delays.

Also, when it comes to transportation of perishable goods that are environmentally sensitive, IoT devices are used to keep watch on the temperatures of goods, vibrations or shocks in the trucks, etc. For instance, a truck carrying biological and biopharmaceutical medicines need to maintain them at certain temperatures during transportation. IoT systems notify the fleet drivers and managers about the temperature changes in real-time. This keeps the medicines in good condition and also avoids any dangerous situations.

With the use of IoT, maintenance schedules of trucks can be optimized and unnecessary miles or idle times can be eliminated. This reduces the wastefulness of time and also improves fleet management.

Inventory management and warehousing:

Beacon integration, BLE connectivity, RFID tags, smart scanning and detecting sensors, etc. are used to track the products and inventory in companies. It helps in efficiently managing the warehouse space, easy delivery of the goods and automatic management of the orders. It is used to make the managers aware of the number of goods through SMS, email notification, etc. Thus, IoT contributes to improving the overall warehouse performance.

Enhanced safety and security:

IoT provides robust security services to vehicles as well as drivers and managers. Cameras and sensors help to detect dangerous and life-threatening situations like vehicle breakdown, bad weather conditions, etc., in advance and convey to the concerned personnel on their smartphones. The IoT systems also alert the drivers about the maintenance schedules of the truck in time. It keeps the trucks in good health and reduces the chances of any mishaps. These systems also help drivers to locate nearby refueling spots when the trucks reach low fuel levels.

Compliance with Government rules:

Trucks need to follow strict government regulations. As per the Electronic Logging Device mandate, the drivers need to install electric devices in their truck, which will track the working hours and activities of the drivers. As per the law, drivers cannot drive for more than 10 hours a day. Because of this law, drivers had to maintain logbooks to record their working hours. With the adoption of IoT in transportation and trucking industry, all the companies can easily comply with this law.

Retention of drivers:

IoT-linked trucks help the drivers do their jobs faster and with enhanced safety. IoT saves the drivers from paper works by automatically updating the fleet managers about the delivery timings, weight of the goods, etc. Drivers can get assistance regarding troubleshooting and service instructions when required. They can be informed in advance about changes in routes, off-duty hours, traffic timings, bad weather, etc.

Final Words:

IoT has brought incredible advancements in the trucking industry. Companies can leverage the connectivity of IoT devices for predictive and preventive analysis and streamlining different processes. Whether it is fleet monitoring, Transport inventory management, Geofencing, Remote area monitoring, monitoring traffic conditions for trucking routes, monitoring the load carried by trucks, controlling the temperatures or estimating the downtime, trucking business can manage their operations efficiently because of the adoption of IoT in this industry. IoT has proved to be a secure, reliable and cost-effective way to boost the bottom line of the trucking businesses.

This article was just like a drop in the ocean when we talk about the advantages of IoT in the trucking and transportation industry. There is a lot to discuss.

Environmentally friendly investments

However, when looked at from another angle, we can see that all these men and women are doing the right thing by investing in themselves and future of their offspring through socially and environmentally positive investments. This is a kind of investment that one does not usually make. It is a decision based on social and environmental considerations.For any investor, it is important to know which of the two he or she should opt for. There are pros and cons of both the options. For those who are into socially and environmentally positive investments, examples of them include the following: education. It promotes a healthy culture of learning and progress in students.Healthcare. It modernizes public healthcare systems and provides medical treatments in various settings. Fossil fuels are the main contributors to air pollution. While the former does not give immediate damage to humans and their surroundings, the latter causes a lot of harm to our environment and to our descendants in future. Therefore, socially positive investments made in oil refineries, coal mining, petroleum and other petroleum related activities should be included in this category of investments.These investments do not only contribute to our present and future welfare, but also have long-term benefits in improving the world we live in. For people who opt for the economically stable and environmentally friendly options, they will reap the benefits in the form of lower financial risk and higher returns. For instance, sustainable financial risk means those investments that offer higher probability of income despite changing market conditions and interest rates. Environmentally friendly investments, on the other hand, mean those investments that create less environmental impact and therefore help minimize environmental pollution and waste.If you are still unclear as what type of socially positive investments you should invest in, it is best to consult a financial advisor. He can help you with your decision whether to invest in environmentally friendly products or in risky ventures such as commodity and energy investments. A financial advisor can also help you weigh your options regarding the types of socially responsible investments you should make. He can provide you with helpful advice regarding the type of socially responsible investment process you should engage in, and can help you find the right type of investment for you.The bottom line is that investing in socially responsible companies can help you build your nest egg and protect your children’s future. However, it is up to you to choose which among the different types of socially positive investments is the one that best suits your needs and preferences. If you decide to purchase some type of socially responsible investment product, ensure that the company is a reputable one. You can check out the company’s track record and its stock price to ensure that you are indeed making an investment in a company that can bring you a significant amount of financial security.