Business Products & Services

What Is Required To Become A RIC Company

This fast moving world is not going to stop until it ends, and people wants to move even faster when it comes to earning, saving and developing. There are certain elements such as: investments, saving, tax saving and reduction and rebate and other stuff related to money. Talking about money and investment brings us to the topic of a RIC company in Australia, yes! Most of us might not have heard of this term RIC but this is something simple and we all must have dealt with it once in our life. RIC means “Regulated Investment Companies” okay! Fellows don’t get confused to make it easier to understand for the reader, RIC is just a code on the back hand; actually the financial institutions are considered as RIC companies in Australia and registered as RIC companies in the books of the government.  Mutual funds: All mutual fund companies are registered…