Narrowboats for pleasure and investment

Article Abstract:

Narrowboats is the name given to vessels specifically designed to operate within Britain's canals; these boats are generally flat-bottomed, used to transport freight and originally designed to be towed by horses. A revival of the narrowboat industry in Britain is attributable to the use of such ships for tourist trade transport. The modern steel narrowboats are usually 55 feet in length and can accommodate up to six passengers. These modern passenger boats cost between 25,000 and 30,000 pounds sterling, or approximately 500 pounds per foot of length. Operating expenses related to narrowboats are discussed; the primary operating costs relate to licensing, mooring and insurance. The resurgence of narrowboats for the leisure trade began in the 1960s. Narrowboat owners most often perform minor maintenance themselves in an effort to keep operating and overhead expenses to a minimum.

United Kingdom, Travel industry, Boats and boating, Boating, Boats, Work boats, Workboats, Inland water transportation, Great Britain

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Investment management: profession or business?

Article Abstract:

Brokerages, investment firms, and investment bankers are looking increasingly at client portfolios as a source of additional profits. Clients should consider shifting their business to the offices of their accountants and-or lawyers. Accountants and lawyers are familiar with their clients' needs and could treat the accounts with long-term, individual attention. Accountants and lawyers might not charge individual transaction fees, but rather a periodic service charge. That way, clients would be sure that their accounts were not being churned, or constantly traded, just to generate a transaction fee. This would require a major change in the system of charging fees for investment work, however.

Laws, regulations and rules, Portfolio management, Accounting firms, Accounting services, Law firms, Investment analysis, Securities analysis

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Authorization for investment business: scale of fees

Article Abstract:

The three Institutes of Chartered Accountants issued fee schedules and the rationales upon which they are based. The fees are for authorizations for Scottish firms to conduct investment activities. Costs for authorizing and monitoring applicant firms are explained, including the principles for setting the fee scale. Fees are allocated by firm, not by partner, because law requires this. A breakdown of costs for a sole practitioner is given. Firms are reminded that stated costs are estimates.

Accounting, Auditing, Corporations, User fees, Institute of Chartered Accountants of Scotland

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