Financial services refer to the financial services offered by the financial sector, which includes a wide assortment of financial organizations that deal with money, such as banks, credit-cards firms, credit-union firms, mortgage companies, financial advisers, investment companies, etc. Money is usually one of the most used and abused resources, especially in the contemporary society. Because it is an intangible asset, money is easily influenced by various forces and emotions such as anger, happiness, fear, envy or negative emotions. When this happens, the money becomes under-utilized or even misused. Learn more about E.A. Buck Financial Services, Greenwood Village (Denver).
One of the most important categories in the financial services sector is an investment, since it mainly deals with creating wealth. This sector works on the principle of generating income and capital, through various forms such as saving, borrowing, dividends, etc. Another important type of financial services in the finance sector deals with financial risks, such as fluctuations in currency rates, interest rates, unemployment, inflation, financial crises, etc. One of the more popular sectors in the finance sector, wealth management deals with providing advice and investment for creating and maintaining wealth, such as through investment in real estate, assets such as art and furniture, business enterprises, etc. Other areas in the finance sector that provides services related to financial services include insurance and wealth management, risk management and estate asset management.
The other major part of the financial services sector is corporate finance, which refers to financing businesses through different methods. Finance in the corporate sector often involves large sums of money, such as from mergers and acquisitions, stock options and long-term debt obligations. In the past few years, big tech companies have entered the financial services industry, offering financial services to businesses of all sizes. Most businesses involved in the corporate finance market are medium size and specialize in certain aspects of the financial services industry. Smaller companies usually work in the investment sector of the market and provide investment advice, as well as working capital management, etc. Big tech companies work mainly in the technology sector providing financial services to corporations, as well as providing a range of related services to start ups and small businesses.