Financial Management Services
Financial management
services are the services offered by various financial
institutions such as banks, insurance companies, investment
banks, etc., to help individuals or corporations in achieving
their financial goals, in terms of accumulating greater wealth
and future financial security. There are a number of financial management
services companies offering a diverse portfolio of services
to suit different financial requirements of their clients. In
order to accomplish the task, these companies provide the
assistance of professional financial advisors. These financial
advisors help individuals or corporate manage their wealth
appropriately. Some of the financial management services for
individuals offered by financial management companies include:
1. Account Management: It includes opening or closing of
different types of accounts, transfer of funds, etc. 2.
Investment Solutions: The financial advisor helps the
individuals diversify their portfolio through alternative
investment plans, mutual funds, equities, and even save for
retirement through annuities. 3. Financial Planning: The
financial management association offer financial planning as a
major part of their diverse portfolio of services. They provide
individuals with personal financial advisors who plan their
current expenditures and save for future short-term or long-term
goals by analyzing different options available. 4. Retirement
Planning: The financial advisor guides their clients in planning
for their financial requirements after retirement, by helping
them identify goals, researching and analyzing different
opportunities to secure funds and make investments to suits
their needs. 5. Wealth Management: The financial management
services companies offer services to manage their clients'
current assets and liabilities through investments as in life
insurance, growing wealth to address the individual's future
needs by analyzing risk factors in different investment plans,
and preserving wealth for a secure future. Services offered for
corporate organizations include: 1. Corporate Cash Management:
The financial advisor helps identify various taxable and
non-taxable investments, such as discount rates, auction rate
preferred stock, etc. 2. Corporate Stock Benefit Plans: These
are to help the corporate clients retain their efficient
employees. 3. Investment Banking: The financial management
services companies help their corporate clients meet their
future business requirements by investing in various investment
plans. 4. Account Transfer: The companies provide quick account
transfer services to their corporate clients, to maintain a
normalcy in business functioning. This is not a comprehensive
list of services. They may differ from one financial management
company to another. One can select the services according to
their requirements - personal or professional.