Notes

Various Services That Are Offered by a Private Banking Company
Financial services are usually the broader term applied to all the financial services provided by financial companies. These services are normally classified according to the financial nature of the transactions involved. Financial services include investment banking, asset management, financial planning, debt management, mortgage, equities, payment systems, portfolio management, financial markets and international financial services. The scope of financial services is highly diversified, depending on the age of the financial company and also on its risk tolerance. They are normally the intermediary between borrowers and lending institutions. There are various sectors in the financial market; financial assets, financial liabilities, financial sector management and also corporate finance .

In narrow sense, financial services companies are service providers who help individual, corporate or institutional customers with their financial affairs. The most important function of financial services firms is to bridge the gap between borrowers and lenders. Banks can be classified as the major players in the financial market. They not only provide financial services but also have a large market share. They form an important part of the financial markets providing credit cards, loans, overdrafts, etc.

Small banks are engaged in various activities like cash management, check banks, bill payment processing, loan processing, mortgage, securities, etc. Other financial services companies include insurance companies. Insurance companies are classified as life, health and accident insurance companies and property insurance companies. They provide life, health and accident insurance, property insurance, and debtor's compensation.

The second largest sector in the financial services industry is the banking sector. Most of the financial firms deal in the banking sector, as they have an inbuilt set of equipment and staff that can be used for accounting and banking functions. Some of the well known banks are HDFC, ING Direct, HSBC, Credit Suisse First Boston, RCBC, UBS, and Wells Fargo.

Investment banking refers to the dealings related to the purchase of financial assets such as stocks and equities, derivatives, bonds, financial debt instruments, etc. An investment banking firm may deal in any financial product such as savings accounts, bonds, money market funds, and corporate bonds, commercial loans, commercial equity loans, merchant cash loans, specialty financial products, and the likes. Investment banking is one of the leading sectors in the economy of many countries. A financial services company dealing in the field of investment banking offers various banking products such as savings accounts, commercial loans, merchant cash loans, and asset management.

Asset management refers to the process of protecting the assets of a financial firm against risks of loss. There are various financial firms such as asset management firms and investment banks that provide asset management services to the organizations. These firms help the organization in asset management by providing asset management solutions, and advice on taking precautionary measures in order to avoid potential losses. These firms also provide other financial services such as financial forecasting, investment strategy consulting, risk management solutions, and credit risk management. Financial firms have been able to gain a good market share in the global markets because of their vast experience and expertise in all the aspects of finance. They are proficient in the field of monetary, risk and financial market operations and are highly dependable in their services.

Private equity firms are also popular in the world of finance. Private equity firms are formed for the purpose of leveraging the resources and capital of a financial organization and investing in different kinds of businesses. These firms usually finance big projects and growth initiatives through the purchase of certain shares from the investors. The most common types of financial equity are used by the banks and other financial institutions to finance their businesses. There are various other varieties such as minority equity, venture capital, and private placements that are used by financial firms for further expanding their business scope.

The growth of private banking and financial services has considerably contributed towards the financial security of the American citizens. The rise in the number of banks and other financial institutions have given rise to the growth of various kinds of venture capital firms. Venture capital is the term used for the funds raised for the purposes of start-ups and new companies. There are various other firms such as commercial real estate funding, mortgage banking, and private equity that provide a supportive infrastructure for small-scale businesses. A number of financial firms are involved in providing commercial mortgage financing services.
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