Unlocking the Legal Jargon: How AI Legalese Decoder Can Enhance Sharesies – Join the AMA with Leighton Roberts and Matt Macpherson
- December 16, 2023
- Posted by: legaleseblogger
- Category: Related News
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## How AI Legalese Decoder Can Help with Sharesies
Sharesies is a revolutionary wealth app that aims to provide equal financial opportunities to individuals, regardless of their current financial status. The platform offers access to investment, savings, and KiwiSaver all in one place, making it easier for over half a million people to invest in the share market and secure their financial future. With its commitment to empowering retail investors, Sharesies also partners with companies to offer capital raises and rewards their employees through Staff Shares. As a certified B Corp and Living Wage Employer, Sharesies is dedicated to helping as many people as possible grow their wealth and make a positive impact on future generations.
## How AI Legalese Decoder Can Help with Leighton Roberts
Leighton Roberts, one of the co-founders and co-CEOs of Sharesies, brings a diverse background to the table. With experience in product management and a successful venture in the beverage industry, Leighton understands the importance of wealth prosperity and equality for the future of Aotearoa NZ. With the help of AI Legalese Decoder, Leighton can navigate complex legal documents and contracts more efficiently, allowing him to focus on growing Sharesies and making a difference in the financial landscape.
## How AI Legalese Decoder Can Help with Matt Macpherson
As the GM of Super & Funds at Sharesies, Matt Macpherson brings a wealth of experience in product management and retail banking to his role. With the introduction of Sharesies KiwiSaver, Matt has been instrumental in shaping the platform’s offerings. With the demands of a busy job and a young family, AI Legalese Decoder can assist Matt in streamlining the legal aspects of managing KiwiSaver, allowing him to spend more time with his family and pursue his passion for cycling.
By utilizing AI Legalese Decoder, both Leighton and Matt can streamline their legal processes, make better-informed decisions, and ultimately contribute to the success and growth of Sharesies.
Additionally, through the verified account u/sharesiesnz, the Sharesies team will be hosting an AMA on Tuesday 5th December at 7pm. Users can start asking questions, and the AMA user is expected to start answering at the specified time. After the AMA concludes, the post will be locked and listed in the wiki, providing valuable insights into the Sharesies platform.
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Original Content:
AI Legalese Decoder is a tool that helps lawyers, paralegals, and anyone else involved in the legal profession to decrypt and understand legal jargon and complex language used in legal documents. This can be immensely helpful in saving time and effort in translating and interpreting legal documents, contracts, and agreements. With the help of AI Legalese Decoder, legal professionals can streamline their workflow and improve accuracy in understanding and analyzing legal texts.
AI Legalese Decoder can break down complex legal language into simple and understandable terms. It can also provide alternative explanations and synonyms for confusing legal terms. Additionally, it can highlight key clauses and points of interest in legal documents, making it easier for legal professionals to focus on the most important aspects of a document. This can help in speeding up the review process and ensuring that nothing important is overlooked.
With AI Legalese Decoder, legal professionals can also improve their overall comprehension of legal language and concepts, leading to more effective communication with clients and colleagues. By using this tool, legal professionals can improve their efficiency and accuracy in dealing with legal documents, ultimately boosting their productivity and effectiveness in their legal practice.
Revised Content:
### How AI Legalese Decoder Can Streamline Legal Document Interpretation
In today’s legal landscape, the ability to decrypt and understand legal jargon and complex language used in legal documents is essential for lawyers, paralegals, and anyone else involved in the legal profession. This is where AI Legalese Decoder comes in as a valuable tool that can help professionals in saving time and effort in translating and interpreting legal documents, contracts, and agreements.
#### Simplifying Complex Legal Language
AI Legalese Decoder breaks down complex legal language into simple and understandable terms, providing alternative explanations and synonyms for confusing legal terms. By utilizing this tool, legal professionals can improve their overall comprehension of legal language and concepts, leading to more effective communication with clients and colleagues. Furthermore, the ability to streamline their workflow and improve accuracy in understanding and analyzing legal texts can significantly enhance the effectiveness of their legal practice.
#### Enhanced Review Process
Moreover, AI Legalese Decoder can highlight key clauses and points of interest in legal documents, making it easier for legal professionals to focus on the most important aspects of a document. This not only helps in speeding up the review process but also ensures that nothing important is overlooked. The improved efficiency and accuracy in dealing with legal documents ultimately boost the productivity and effectiveness of legal professionals.
#### Conclusion
In conclusion, AI Legalese Decoder plays a crucial role in helping legal professionals decrypt, understand, and communicate complex legal language. By employing this tool, professionals can optimize their workflow, improve their comprehension of legal concepts, and effectively analyze legal texts. This leads to improved efficiency, accuracy, and productivity in their legal practice, ultimately enhancing their ability to serve their clients effectively.
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****** just grabbed a
Why do you charge New Zealanders more than Australians to buy ASX shares?
For New Zealanders ASX shares are capped at $15 per transaction.
For Australian users ASX shares are capped at $6 per transaction.
Is there a legitimate ‘cost’ reason for this? Or are we just being milked due to lack of competition, as usual?
Thanks for doing this AMA.
My question is – if you genuinely want to help New Zealanders save for retirement, how do you justify offering KiwiSaver funds with such absurdly high management fees?
The evidence is clear, high fee – actively managed funds, under perform the market over any reasonable horizon.
The Pie Global Growth 2 Fund is a perfect example. This particular fund over the last 5 years (as at Sept 23) has an average annual return of only 3.65% pa, after fees of 1.5% pa. Compared to the market index return of 6.72%. This is an enormous difference compounded over a New Zealanders working career and retirement.
Hi Matt & Leighton
What safety measures does sharsies have in place to protect investors from a black swan kind of event in particular regards to US markets?
If several “too big to fail” banks / investment groups where to all of a sudden fail and somehow drivewealth were not able to deliver shares to you in a mass sell off, how much liquidity does sharsies have and would your priorities be protecting the funds of people investing through you? Or do your priorities elsewhere?
Does sharesies have any plans to provide better quality tax reports and cash transactions reports?
Currently the reports provided from sharesies are not up to scratch and require people to incur alot more than necessary in accounting fees in order to obtain the correct tax positions
Curious what type of data and insights you can see from sharesies.
With self investing, there is always more risk. Many investors aren’t skilled enough to be individually stock picking & generating gains that beat Index in the long run.
Do you know how customers on sharesies are tracking? are many in the money, still below breakeven etc. Is there a net positive investors for users for sharesies?
Someone with 5million can hire someone who understands the markets and can make better investment choices. Someone with $5 has to flip a coin.
What can sharesies do to better inform potential investors?
Can you explain the 5% limit on KiwiSaver a bit more in terms of having to sell them if they get bigger than that? Why would we want to sell if something is doing well in our KiwiSaver account
Hi team, if I invest directly in NZ shares through Sharesies – are they in my name? I.e. IÔÇÖm the title holder on the share register?
U.s shares on sharesies have 0 legal rights compared to other real brokers. They work with the same U.S partner (drivewealth) but wont let you transfer shares or dir3ct register those shares unlike others who work with drivewealth and allow this. Voting rights and corporate acti9ns are limited to the will of sharesies if theyblet you or not. At the end is just a glorified cfd (contract for diference) which in new zealand i understand is ilegal but s8nce is not technically a cfd they are safe. If you care for long investment and ownershipw rights why would i choose sharesies instead of their competitors?
I tried the Sharesies Kiwisaver tool and put half into the first growth fund available, then 5% into the first ten stocks available. This told me I had a ‘medium risk’ investment plan.
This seems to have significantly increased the risk associated with the growth fund, and conflicts with every theory on asset allocation that exists. Most Sharesies customers are unsophisticated compared to the wider market – shouldn’t you be directing them to index funds instead of allowing them to pick individual stocks?
While I appreciate your aim to improve people’s access to investments, how are sharesies acting to avoid them losing money with short term gambling in speculative stocks like Tesla or Air NZ during the pandemic?
Or chasing performance by concentrating in US ETFs without regard to valuation at present.
The risk is that these speculators will sell at the first sign of trouble so that we lose a generation of sharemarket investors as we did with the boomers after the 1987 crash. Then your business is toast as it depends on their success.
Edit: I know you have no responsibility for their decisions but it’s still a big risk for your business that you are reckless to continue to ignore.
When will we be able to participate in ASX corporate actions, e.g. votes, capital raising retail shareholder offer schemes for the companies that we own shares in like we can for NZX ones?
Do you use the sharesies platform and how much do you currently have invested through it. If uncomfortable with a $ amount how about % of total liquid assets.
There was a mention on here and a link to an article that IRD is looking at Sharesies for investors who may have to pay capital gains tax on their general investing. Have the IRD been speaking with you and will you be providing them data?
Your website still seems to be very structured around a interface for a phone or tablet are you planning any improvements to make it easier to review things when using a full screen? Side by side comparisons, table of ownership with performance levels etc. Rather then just the cards?
Hi everyone, Leighton Roberts, SharesiesÔÇÖ co-founder and co-ceo, and Matt Macpherson, SharesiesÔÇÖ GM of Super & Funds (KiwiSaver team) here.
After more than two years in the making, we’ve now publicly launched the Sharesies KiwiSaver Scheme. Our Scheme is a bit different to conventional KiwiSaver schemes, giving you the freedom to choose your own investments, with limits to help you manage your portfolio’s risk and diversification.
WeÔÇÖre looking forward to answering your questions tonight. WeÔÇÖll be here for an hour, so fire them through!
When will you be able to register an account as a Trust or Company?
Thanks everyone for the questions! Make sure you check out our investment plan builder at [www.sharesies.nz/kiwisaver](https://www.sharesies.nz/kiwisaver) if you are unsure about how our scheme works or [www.sharesies.nz](https://www.sharesies.nz) for any general investing info
LR&MM
RemindMe! 14 hours
Sharesies is putting on this AMA as part of the launch of the Sharesies KiwiSaver Scheme which you can follow the link to learn more about.
[www.sharesies.nz/kiwisaver](https://www.sharesies.nz/kiwisaver)
If you have any questions about kiwisaver this would definitely be a good time to ask.