Financial services are all economic services provided by the finance industry. These services normally include those businesses that manage money. The businesses included in this case are banks, credit unions, insurance companies and so much more. All these businesses conduct their own type of financial services. Until when withdrawals are necessary they help in keeping the money safe. They also ensure that chequebooks so that bills are paid. They also provide clients with personal loans, commercial and mortgage loans. Standing orders and direct debits are also provided in this case. They also allow financial transactions at any branches.
Other financial services offered include investment services. These services include the ones that are provided by banking services. These services are normally provided to those individuals that have a high net worth. The services that are actually provided are personal. They include wealth management and tax planning. Other financial services include brokerage services. These services are the ones that facilitate the buying and selling of financial securities. This is normally between buyers and sellers. Capital market services are the other financial services offered. Debt and equity are underwritten so that they can assist companies in all their deals. Mergers, acquisitions and restructuring debts are aided by these services.
Other financial services offered include currency exchange. It becomes easy for clients to purchase foreign currency bank notes. They have the authority to sell these bank notes after they buy them. Other financial services that are provided include wire transfer. In this case clients are able to send money to international banks. Remittance are other financial services offered. These services mostly apply to migrants who are not in their country. This means they can actually send money to their home countries because of these services.
Other financial services that are provided include investment management. These normally help in the running of investment funds. These financial services focus solely on creating capital through client investments. Hedge fund management is another financial service. Major investments are able to execute their trades using hedge funds. Other financial services offered include custody services. These include safekeeping and processing of the worlds security trades. Custody services also help in servicing associated portfolios. Advisory services are other financial services offered. These are the services that involve stock brokers and discount brokers. Investors are helped to buy shares by stock brokers. Discount brokers offer their help to individual investors. Financial market utilities are other financial services. These businesses are inclusive in the infrastructure of financial services. Other financial services include debt resolution. Individuals with too much debt are helped to clear them by these services. In this case these individuals find this to be very grateful because they dont have to file for bankruptcy. These debts are normally not limited to personal loans though it is accrued in various ways.