Cash flow is the foundation on which financial planning is based.

A cash flow management plan can allow for discretionary spending, while helping clients manage upfront expenses and still save for their long-term goals.

Your Financial Formula

One of the goals of a sound financial strategy is to find the appropriate mix of investments. At the bottom of our illustration are cash alternatives, which have low risk but also offer the lowest potential return. As you move higher up the illustration, each section represents the opportunity for higher potential return, but also carries higher risk.


The reason why cash alternatives are at the foundation of a well-balanced portfolio is that cash alternatives allow you to meet short-term and unpredictable expenses. Having cash and cash alternatives also may allow you to manage other investments — rather than selling at what could be an inopportune time.

Keep in mind that allocating your assets among different investments is an approach to help manage investment risk. It does not eliminate the risk of loss if security prices decline.

Where to Put the Money

For that portion of a portfolio that must be liquid, most investors consider one or more of four places. Each has drawbacks and advantages.

A plan for creating wealth may cover:

  • Regular Savings

    Little can be achieved financially, without establishing a regular, disciplined savings pattern. We will help you find the disposable income you never knew you had, and put it to good use.

  • Investment

    True wealth is built from wise investment. We customise each investment portfolio to suit your personal circumstances, risk tolerance and time frame.

  • Clearing Debt

    Not all debt is your enemy, but having a clear strategy to manage and eliminate debt over time is essential.

¿Qué delitos generan responsabilidad penal?

El Código Penal recoge hasta treinta delitos susceptibles de generar responsabilidad penal de las personas jurídicas y aunque pudiera parecer extraño, no es difícil que en una empresa se de alguno de ellos, incluso sin conocimiento de sus órganos directivos, con las consecuencias que ello podría tener.

ü  Un ejemplo típico sería el uso de programas informáticos sin licencia. Hasta ahora dicho uso, aunque ilícito, sólo se traducía en condenas económicas y siempre después de un largo y costoso procedimiento sólo al alcance de ciertas multinacionales y ante hechos muy graves. Ahora, sin embargo, y dado que muchos delitos pueden perseguirse de oficio, bastará una mera denuncia para que se abra un proceso judicial mucho más rápido, eficaz y gravoso contra el infractor: el proceso penal.

Entre los delitos que pueden dar lugar a responsabilidad penal encontramos delitos económicos (Blanqueo de capitales, estafas y fraudes, insolvencias punibles, etc.), delitos contra las personas (delitos laborales contra los trabajadores, contratación ilegal de extranjeros, prostitución, etc.), delitos públicos (tráfico de estupefacientes y órganos, fraudes tributarios y socio-laborales, etc.), delitos contra los consumidores y el mercado (alteración de precios, información fraudulenta, etc.), delitos tecnológicos (programas pirata o sin licencia, plagio, cybercrimen, etc.) y delitos medioambientales (vertidos, infracciones urbanísticas, etc.).