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  Improve Your Financial Knowledge - Part 1

  1-Feb-2022

  1. Financial Services Industry:

  A sophisticated global business sector, performing money and finance activities. Companies in the financial services industry channel money through the financial system via financial transactions.

   

  2. Financial Services Industry's Contribution to Economic Growth:

  By providing the means for financial transactions and economic consumption.

   

  3. Companies Operating in the Financial Services Sector:

  1. Banking institutions: Provide banking services.

  Banking products:

  a) Deposit products (Savings and Chequing accounts, Term deposits, and GICs).

  b) Lending products (Deposit funds will be used) (Mortgages, Home equity lines of credit (HELOCs), and Car loans).

   

  2. Insurance institutions: Provide protection, in the form of compensation, against losses incurred.

  Insurance products:

  a) Property and casualty (P&C) insurance

  b) Life and health insurance.

   

  3. Investment institutions: Provide links between capital-seeking organizations (including corporations and governments), and return-seeking investors.
   

  Investment products:

  Equities, Fixed income, Investment funds. 

  Investment organizations: Public and private issuers, Investment dealers, Exempt market dealers, Mutual fund dealers, Portfolio managers, and Fund management companies.
   

  4. Other companies in the financial services industry:

  Pension plans * Stock exchanges * Clearing agencies * Credit unions * Caisses populaires * Trust companies * Alberta Treasury Branches * Sales finance and consumer loan companies * Credit card companies * Financial technical (Fintech) companies * Money services businesses

   

  You can book your consultation at 

  Https://ABCFinancialAdvisor.com/Book-a-Meeting

  Or call us at 647-830-8080

   

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