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The Financial Services sector provides financial services to people and companies. It is said to be made up of various firms such as banking, Investment houses, lenders, finance companies, brokers for real estate and more. The large segment of the same is dominated by conglomerates, but also include a diverse range of small such companies.
Australia is said to hold a sophisticated sector of Financial Services. It is also said to be the centre of the Asia Pacific Region as per the government of Australia. The economy is created of various segments known as the Sectors. They comprise of various kinds of business, providing goods and services to the consumers. Financial services make up the most influential sectors such as that of Agriculture Sector.
They also hold a broad category of services such as that of Banking, Investing and Insurance. They are said to be limited to the activity of the financial services firms and financial products of actual goods, accounts and investments that are provided. As per the Online Finance Essay Writing Service providers, Financial service is the process through which consumers acquire financial goods and services.
Being one of the most important sectors, the financial industry is leading the world in terms of earnings and equity market capitalization. The financial services sector is known to drive the economy of the nation. When this sector is strong, it helps the economy of the country grow. The companies under this sector are said to be better at risk management.
According to the experts who provide finance essay writing service in Australia, the strength of the financial sector is directly proportionate to the prosperity of the country and its population. With a strong sector, the consumers earn more; boosting their confidence and power to purchase.
If the system of Financial Services fails, it drags the nation to the point of the recession. As soon as the system of the same starts deteriorating, the economy of that country suffers. Because of this, unemployment rises, wages drop, leading to a less pending by the consumers. This is when the central banks compensate with lower interest rates- one of the way to boost the economy.
Being one of the sophisticated financial sectors, there is a lot to study up on! While the students get too stuck with the wide-ranged syllabus, there are various, Financial Planning Assignment Help experts available with us at Sample Assignment! Some of the topics explained by the same are, mentioned below. Order with us for the best quality of work today!
Banking Services
Being the foundation of the financial service group, the banking industry is most concerned with lending and direct saving. Such services are provided by large commercial and community banks, credit unions, etc. banks are said to earn the revenue through the difference in interest rates which are charged by the credit accounts of the customers.
Investment Services
Investment services are the ones through which people access the financial market inclusive of stocks and bonds. Brokers play an important role in Investment services. Either human or through an online application, Brokers help to facilitate selling and buying of the securities; take some of the amounts of commission for their services and hard work.
Hedge funds and mutual funds invest the money in the market and collect the fee that they deserve for the process. There are many software brokers or vendors that are supposed to cater to the fund community. They do this by developing a software or an application for management of the portfolio, reporting if the client and other services required at the back office.
Hedge Funds
The Hedge Fund industry is supported by the strong and active members of the Financial Services. The provision that they hold for risk management, unit pricing and operational procedures under the sound regulatory framework is one of the important factors for the Hedge Fund industry.
Tax and Accounting Services
As per the professionals at Sample Assignment who provide Best Finance Essay Writing Service, the sector of Financial Services also includes accountants and tax filing practices. They also provide the services of currency change, wire transfer, card machine services, and more. The accountants ensure all the financial records and statement inclusive of the balance sheet, loss and income statement, cash flow, and tax return. They are said to be in line with the "Federal Laws and Regulations" and "Generally Accepted Accounting Principles".
Insurance Services
Insurance is said to be another very important category of the sector. Such services are available for protecting the citizens of the nation against any kind of accidents, injury or death. Some of the very famous examples of the same are:
They also provide against property loss- Homeowner insurance and car insurance; also against liability which is also inclusive of a lawsuit.
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