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    Financial services companies are one of the major players in today’s financial world. Financial services include investment, banking, insurance, pension and benefits, and financial planning and administration. A wide range of financial services companies provide different financial services, with the main aim being to make financial decisions for clients. The following article aims at introducing potential candidates for financial services companies and helping them decide which company is best for them.

    The biggest providers of financial services in the UK banks. The big three UK banks, namely, RBS, HSBC, and WBC, together provide financial services through over four hundred branches in all UK regions. Apart from the big commercial banks, there are many smaller specialist banks, each with a number of local offices. These smaller banks offer a range of financial services from loan provision and finance advice, to pension fund management and investment advice.

    The second largest provider of financial services companies in the UK is the FTSE 100, which is made up of the likes of HSBC, RBS, and BHS. The FTSE 100 also offers financial products such as pensions, life cover, and investment products such as GICs (General Investment Corporation). Royal Bank of Scotland, Fleet Street, and Nationwide have also become key players in the financial services industry over recent years, providing a diverse range of financial products. Other financial institutions, such as Santander and ICICI Bank, continue to compete for market share in the fintech space, and are expected to continue doing so in future.

    Apart from the commercial banks, there are a few other public non-bank providers of financial services companies. An independent financial services organization, such as the Financial Ombudsman Service (FOS) has the power to investigate and settle complaints between customers and banks and other financial service providers. In addition to this, several consumer advocates, pressure groups, and other government officials to work towards increasing the regulatory competence of UK financial services companies.

    The stock market also provides an important venue for the financial services companies to operate. Some of the financial services companies in the stock market include Morgan Stanley, Merrill Lynch, Goldman Sachs, JP Morgan, and CitiBank. A large number of publicly traded companies in the UK, including the likes of RBC, Britain’s largest lender, and Lloyds Banking Group, have made a name for themselves in the stock market by providing investment opportunities for retail and institutional clients. During recent times, many individual retail investors have turned to the stock market to pick up shares of British banks, as well as being able to trade in the foreign stock market.

    Another important sector within the financial services companies in the UK market includes insurance companies. Insurance companies provide life and health cover and other insurance related services for a large clientele base. A number of insurance companies provide investment advice services to a number of financial services clients, such as pension fund management, as well as estate planning, estate asset protection, and similar products. Many insurance companies also offer direct investment schemes, with the aim of generating larger returns for the client.

    Corporate finance is also a growing facet within the financial services industry. Corporate finance refers to the process of raising capital for the purposes of investing in different types of real estate and/or commercial properties. Several corporate finance advisory groups operate within the stock market to assist corporate investors in locating suitable deals to invest in. One such advisory group is the wealth management specialists group, which works closely with a number of wealthy families and individuals to identify opportunities that would best suit their investment plans.

    Within the financial services industry, there are a number of independent financial advisors who work to develop investment strategies and advise individuals on the best means to raise capital or make purchases. The wealth management specialists group is one such professional organization, with many members having combined experience in banking, asset management, and investment banking. This group advises wealthy families, businesses, and individuals on a number of investment options, including private equity, real estate investment, and the option of offshore investment banking. Other professional advisory groups include asset management associates, whose main function is to assist brokers and other financial advisors with investment decisions. These professionals are usually employed by large financial services companies or banks, and work with clients to manage their wealth management needs.