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. financial structure refers to the mix of debt and equity that a company uses to finance its operations. It can also be known as capital structure.
There are five main types of financial services to consider:
- Banking that includes handing deposits into checking and savings accounts, as well as lending money to customers.
- Advisory/ Tax/Audit Consulting.
- Wealth Management
- Mutual Funds
- Insurance
- Stock Market
- Treasury/Debt Instruments.
All the mentioned types of financial services, bring us so many important tasks to do:
- Meet with clients to discuss their financial situations.
- Advise clients on ways they can save money.
- Help clients develop a financial plan for the future.
- Keep track of financial progress and meet with clients periodically.
- Sell additional financial services.
