Our Financial 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, insurancecompanies, accountancy companies, consumer-finance companies, stock brokerages, investment funds and some government-sponsored enterprises.[1] Financial services companies are present in all economically developed geographic locations and tend to cluster in local, national, regional and international financial centerssuch as London, New York City, and Tokyo.
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Investment banking services[edit]
Main articles: Investment bank and Investment banking- Capital markets services – underwriting debt and equity, assist company deals (advisory services, underwriting, mergers and acquisitions and advisory fees), and restructure debt into structured finance products.
- Intermediation or advisory services – These services involve stock brokers (private client services) and discount brokers. Stock brokers assist investors in buying or selling shares. Primarily internet-based companies are often referred to as discount brokerages, although many now have branch offices to assist clients. These brokerages primarily target individual investors. Full service and private client firms primarily assist and execute trades for clients with large amounts of capital to invest, such as large companies, wealthy individuals, and investment management funds.
Foreign exchange services are provided by many banks and specialist foreign exchange brokers around the world. Foreign exchange services include:
- Currency exchange – where clients can purchase and sell foreign currency banknotes.
- Wire transfer – where clients can send funds to international banks abroad.
- Remittance – where clients that are migrant workers send money back to their home country.
- Investment management – the term usually given to describe companies which run collective investment funds. Also refers to services provided by others, generally registered with the Securities and Exchange Commission as Registered Investment Advisors. Investment banking financial services focus on creating capital through client investments.
Insurance brokerage – Insurance brokers shop for insurance (generally corporate property and casualty insurance) on behalf of customers. Recently a number of websites have been created to give consumers basic price comparisons for services such as insurance, causing controversy within the industry