Insurance and Fund Management Companies
Life Insurance Corporations
Life insurance companies are among the most admired financial companies that provide life, accident and disability insurance to their customers. These companies invest fund funds collected from clients in long term safe assets like debt instruments and equities to maximize profits.
General Insurance Companies
These insurance companies mostly provide insurance against property and vehicles. The funds that such a company has at its disposal get invested in despots, government bonds and other securities.
Public Unit Trusts
Retail investors contribute funds to create a public unit trust. The funds so collected get invested in local and international companies plus property market. Usually, such trust are controlled by big insurance companies and banks with a global presence.
Mutual Fund Corporations
Among the chief non-banking financial institutions are mutual fund corporations. These are neither regulated nor monitored by a regulator. They are not issued an absolute banking license. Such financial institutions are rated by credit rating agencies, enabling investors to take appropriate decisions.
Stock Brokerage Firms
Stock broking firms form a significant part of present financial world. They assist investors opening a trading account with them, advising them in matters of buying and selling stocks and keep the investors informed of the options available for making investments. They can provide helpful advice about primary markets and IPOs. They earn brokerage on all transactions made by their clients.
Some More Financial Companies
Pension funds: Pension funds are especially designed to attract funds from retirees in savings schemes. These funds need to be exempted from tax.
Thrift: These are mainly depository institutions, specializing in accepting deposits and making mortgages. Saving associations and banks typically fall in this category.
Building Societies: Such societies primarily collect money from households. These can also provide loans plus issue share capital
Asset management firms: As indicated by name, these firms manage assets and securities of their customers, meaning they provide superior advice regards management of funds to large cooperates as well small investors
Securitizers: These are simply special purpose vehicles (SPV,) issuing credit enhanced securities
Now that you are informed of different kinds of financial companies and what type of specializedservices they can offer, you can take a more calculated decision when it comes to investing your funds.