Question

Provide examples of financial services that could be used to achieve various goals

Answer 1

Examples of various financial services and their uses are -

1.Banking: It allows people to deposit money as well as take loans when needed.

2.Wealth Management: This service guides high net worth individuals to manage their wealth and get higher returns on their investment.

3.Mutual Funds: They offer various investment opportunities to the general public in the form of systematic Investment Plans and other offers.

4.Insurance: It is a financial service that act as a safety net in case some of some unforeseen circumstances. Example of insurance service includes health insurance, life insurance etc.

5.Advisory: These services help individuals and firms both.Examples include due diligence service, valuation, and individual financial decision making.