What are the 4 types of financial services?
1. Banking: Banks provide a variety of financial services, such as checking and savings accounts, loans, mortgages, credit cards, and more.
2. Professional Advisory: Professional advisors provide advice and guidance on financial planning, investments, retirement plans, and more.
3. Wealth Management: Wealth managers provide advice and guidance on how to best manage and grow your wealth.
4. Insurance: Insurance companies provide protection against financial risks, such as death, disability, and property damage.
Useful References
Official Guides
- What Australian national authorities regulate the provision of financial products and services
- What activities does each national financial services authority regulate?
- What products does each national financial services authority regulate?
- What are gatekeepers in the regulatory structure?
- What are the duties of directors and senior managers?
Answers
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