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Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual managers and some government-sponsored enterprises.
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ANDREW WATSONWILMETTE Financial Services
What isfinancial Services? Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investmentfunds, individual managers and some government- sponsoredenterprises.
Vibrant Capital Market.Expands activitiesof financialmarkets. Benefits of Government. EconomicDevelopment. EconomicGrowth. Ensures GreaterYield. MaximizesReturns. Minimizes Risks. Promotes Savings. PromotesInvestments. Balanced RegionalDevelopment. Promotion of Domestic &Foreign Trade. Importance of FinancialServices
FINANCIAL SERVICESSECTOR Tax andAccounting Services InvestmentServices InsuranceServices BankingServices Individuals may access financial markets like stocks and bondsthrough investmentsservices. Insurance is another important subsectorof the financial services industry. Commercial banking services are thefoundation of the financial services group. The financial services sector also includes accountants and taxfiling services.
Types of FinancialServices WealthManagement This type of financial service helps people tosave money intelligently, and receive a return on their investment whenpossible. Advisory Expert advisoryservices help both people and organizations with a variety oftasks. Banking Banking includeshanding deposits into checking and savings accounts, as well as lending money to customers. BrokerageFirms Brokerage firms are financial institutionsthat help you buy and sell securities. CommercialBanks Commercial banks make money by providingloans and earning interest income from thoseloans MutualFunds Most people havesome understanding of insurance; it is asystem that you pay intomonthly orannually
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