Advisory Fees are charges levied by financial advisors for providing personalized investment advice and portfolio management. These fees are fundamental in compensating the advisors for their expertise, ensuring the alignment of their interests with those of their clients.
An Agricultural Credit Association (ACA) is part of the Farm Credit System (FCS) offering direct loans and financial products to farmers, ranchers, and agribusinesses.
A comprehensive guide on AIFA, the Association of Independent Financial Advisers, covering its history, role, importance, and impact on financial advisory services.
Allfinanz, also known as bancassurance, is the integration of banking and insurance services to offer comprehensive financial solutions.
An annual fee is a yearly charge levied by financial institutions, especially credit card issuers, for maintaining a credit card account and providing associated benefits.
Asset Management involves the strategic oversight and management of financial assets to maximize investment returns, essential for both companies and wealthy individuals.
An in-depth examination of Automated Teller Machines (ATMs), their history, types, functioning, importance, and impact on the banking industry.
Bancassurance is the strategic alliance between banking institutions and insurance companies to offer comprehensive financial services, including traditional loan, savings, life insurance, and pension products.
A Bank Branch is a full-service location where customers can perform a wide range of banking activities such as opening accounts, applying for loans, and conducting various transactions.
An in-depth look at bank charges, encompassing various types, historical context, key events, practical applications, and related terms.
A comprehensive definition and exploration of Bank Handling Fee, a charge by the bank for processing a stop payment request.
Banking encompasses the provision of payments facilities, credit, and capital to individuals, firms, and governments. It involves various functions, from retail and investment banking to modern services such as stockbroking and insurance. Explore the historical context, types, key events, models, and implications of banking.
Explore the diverse methods through which banking services are delivered, including branches, ATMs, and digital platforms, among others.
Banks or broker-dealers play a pivotal role in facilitating the purchase of Treasury securities, charging service fees unlike TreasuryDirect. This definition explores their function, fees, and contrasts with TreasuryDirect.
Branch banking refers to the system where a bank operates multiple branches in various locations, providing a range of banking services.
An in-depth look into Building and Loan Associations, their history, operations, types, key events, and significance in the financial sector.
A comprehensive exploration of cash dispensers, often referred to as automated teller machines (ATMs), their history, functionality, types, importance, and broader impact on society and banking.
A comprehensive look at charge cards, their history, types, importance, and distinctions from credit cards. Learn about the charge card mechanism and its applicability in modern finance.
A detailed examination of the role and responsibilities of a claim adjuster, including their importance in the insurance industry, types, examples, and historical context.
Clearstream is a leading financial institution based in Luxembourg, specializing in the clearing and settlement of eurobonds and other securities. It is a subsidiary of Deutsche Börse and was formed from the merger of Deutsche Börse Clearing and Cedel International.
A comprehensive overview of Commercial Banks, their functions, historical context, types, key events, importance, and applicability in the financial world.
An in-depth exploration of commercial banking, including its services, historical context, key events, importance, and applicability in the modern financial world.
Commercial Collection Agencies specialize in collecting overdue debts from businesses. This article explores their historical context, types, key events, detailed explanations, importance, applicability, examples, related terms, comparisons, interesting facts, and more.
Community Banks are locally owned and operated financial institutions that focus on the needs of residents and businesses within a specific community.
The national regulatory body responsible for overseeing financial services firms in each member state.
Conduct Risk encompasses the risk that financial services firms engage in inappropriate behavior, causing harm to customers, market integrity, or firm stability.
Consumer Credit involves credit granted to consumers by suppliers of goods and services, either directly or through financial institutions.
The Consumer Financial Protection Bureau (CFPB) is a regulatory agency responsible for overseeing financial products and services offered to consumers. Established to protect consumers in the financial sector, the CFPB enforces laws and regulations, educates consumers, and promotes transparency in the financial marketplace.
Cooperative banks are financial entities owned and operated by their members with a primary focus on serving community-based financial needs.
An in-depth look into the services provided by banks to large corporations including tailored financial products and advisory services.
A comprehensive exploration of correspondent banks, their roles, historical context, types, key events, significance, examples, and more.
Correspondent Banking refers to the arrangement where one bank provides services on behalf of another bank, primarily for international banking. This system includes services like Nostro accounts and involves partnerships between distinct financial institutions to facilitate global financial transactions.
An in-depth exploration of Credit Administration, encompassing historical context, types, key events, mathematical models, importance, applicability, and more.
A comprehensive exploration of the role and functions of credit providers, similar to tallymen in retail, who offer goods and services on credit.
A comprehensive guide to understanding current (bank) accounts, their features, historical context, importance, types, and more.
An organization that specializes in collecting outstanding debts, often preferring to be called commercial collection agencies, and charges a commission for doing so.
DeFi, short for Decentralized Finance, is a revolutionary movement aimed at creating an open, permissionless financial system leveraging blockchain technology. It encompasses various financial services without the need for traditional intermediaries.
Demutualization is the process by which a mutual organization, such as a building society, changes its status to that of a public limited company, prevalent in the financial services industry during the 1980s and 1990s.
Deposit insurance is a safety net for depositors in banks or financial institutions, protecting their funds against defaults by the bank through premiums or government funding.
Understand Depository Functions, which include accepting deposits, offering loans, and providing specialized services targeted at both individuals and businesses.
Digital Banking allows customers to perform transactions and access banking services online, offering convenience and accessibility. This article explores its history, categories, key events, models, and more.
An in-depth exploration of EU Passporting, its historical context, importance, types, key events, mathematical models, and more.
A comprehensive guide to Exempt Supplies, which are goods or services identified as exempt from Value Added Tax under the Value Added Tax Act 1994.
Fannie Mae, or the Federal National Mortgage Association, is a government-sponsored enterprise (GSE) designed to increase access to mortgages by expanding the secondary mortgage market.
The Financial Conduct Authority (FCA) is the regulatory body responsible for overseeing and regulating the conduct of financial services firms in the UK to ensure fairness, transparency, and integrity in financial markets.
FCA can refer to both the Financial Conduct Authority, a regulatory body in the UK, and a designation for Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW).
A finance company is an institution that provides loans and other financial services, typically to ventures with higher risk factors, resulting in higher borrowing costs compared to clearing banks.
An in-depth look at financial conglomerates, their historical context, key events, types, significance, and related financial terminology.
Comprehensive overview of Financial Data Providers, their significance, services, and impact on financial markets.
The Financial Ombudsman Service (FOS) is an organization that resolves disputes between consumers and financial services firms.
A detailed look into financial services, covering their definition, types, historical context, and relevance in the modern economy.
The Financial Services Act 1986 was a UK act of parliament aimed at regulating investment business through the Securities and Investment Board and Self-Regulating Organizations. It incorporated many recommendations from the Gower Report and was replaced by the Financial Services and Markets Act in 2000.
An in-depth look into the Financial Services and Markets Act 2000 (FSMA), its historical context, implementation, significance, and impact on the UK's financial regulatory landscape.
A comprehensive overview of the Financial Services Compensation Scheme, a safety net for UK investors against losses due to the default or bankruptcy of authorized investment firms.
Fintech, short for financial technology, encompasses innovations and technological advancements designed to improve and automate financial services, driving efficiency and accessibility in banking, finance, and digital money.
FinTech, or Financial Technology, refers to the integration of technology into offerings by financial services companies to improve their use and delivery to consumers. This article delves into the historical context, categories, key events, models, applications, and future trends in FinTech.
An in-depth exploration of foreign banks, their historical context, operations, significance, and more.
An in-depth overview of the Financial Services Action Plan (FSAP), its historical context, key components, implications, and more.
Functional Regulation is a principle established by the Gramm-Leach-Bliley Act (GLBA), ensuring that different aspects of financial services are regulated by the appropriate authorities.
GE Capital, the financial services unit of General Electric (GE), provides commercial lending and leasing, as well as a range of financial services for consumers, retailers, and businesses worldwide.
An in-depth exploration of the GIRO banking system, its history, functionalities, and importance in modern financial systems, along with its social security connotation in the UK.
An in-depth look at the GIRO system, its history, types, key events, functionality, importance, applicability, related terms, and more.
An in-depth guide to the Gramm-Leach-Bliley Act (GLBA), its historical context, key events, importance, applicability, and more.
Comprehensive overview of Goldman Sachs, a leading global investment banking, securities, and investment management firm.
The International Bank for Reconstruction and Development (IBRD), a vital part of the World Bank Group, provides loans and financial services to middle-income and creditworthy low-income countries.
A comprehensive look at the role, regulations, and responsibilities of an Independent Financial Adviser (IFA), who provides impartial advice on pensions, investments, and life assurance.
A comprehensive examination of international banking, including historical context, key events, types, detailed explanations, models, charts, and its importance in the global economy.
An in-depth exploration of the role and functions of investment advisors, including definitions, types, regulations, and examples. A must-read for understanding financial advisory services.
Comprehensive overview of the Investment Services Directive (ISD), its historical context, significance, and key elements.
Comprehensive entry on Loan Servicing Fees, the primary income generated from holding a Mortgage Servicing Right (MSR). Includes definition, examples, types, historical context, and related terms.
Management Fees refer to the charges imposed by investment managers for managing investment funds or properties. These fees cover the cost of research, selection of securities, and administrative costs among other services.
An in-depth exploration of Moody's, one of the main US credit-rating agencies, including its history, functions, importance in finance and investment, and more.
Moody's Corporation is a global leader in credit ratings, research, and risk analysis.
Non-Banking Financial Institutions (NBFIs) provide crucial financial services and products without holding a banking license. They play a vital role in the financial ecosystem, offering various services like investment, risk pooling, contractual savings, and market brokering.
Non-Banking Financial Institutions (NBFIs) provide specialized financial services without having a full banking license. This article covers their roles, types, functions, and importance.
An in-depth look at Non-Deposit Taking Institutions (NDTIs), their roles, types, benefits, differences from deposit-taking institutions, and their impact on the financial market.
Offshore Banking refers to banking services provided by financial institutions located outside the depositor's country of residence, often offering various tax, legal, and financial benefits.
Online Banking refers to managing financial accounts and performing transactions via the Internet, providing convenience and 24/7 access to banking services.
Operational focus refers to the specific activities and processes that an organization prioritizes to achieve its business goals. For mortgage banks, this involves solely focusing on originating and servicing mortgage loans, while savings and loans associations (S&Ls) provide a broader range of services, including deposit accounts and other financial products.
An in-depth look at the Prudential Regulation Authority (PRA), including its history, functions, importance, and more.
An in-depth look at Private Banking, a suite of financial services tailored specifically for high-net-worth individuals, offering personalized banking, investment, and wealth management solutions.
An in-depth examination of the Prudential Regulation Authority (PRA), its role, objectives, history, and significance in the UK's financial regulatory framework.
A comprehensive guide on the procedures required to reactivate a dormant account, including historical context, types, key events, and detailed explanations.
Reinsurance is an agreement by which one insurer indemnifies another insurer in part, or in total, for the risks of a policy issued by that other insurer. Explore the historical context, types, key events, and detailed explanations of this vital insurance mechanism.
Relationship Banking focuses on maintaining long-term relationships between banks and customers, emphasizing personalized service, advisory support, and a deep understanding of customers' business needs.
An in-depth look into the concept of Respondent Bank, its definition, roles, and importance within the banking industry.
A comprehensive guide to retail banking, exploring its historical context, key functions, significance, and more.
Retrocessions involve reinsurance companies transferring part of their risk to other reinsurers, further diversifying and mitigating risk exposure.
Explore S&P Global, a premier financial services company renowned for its indices and analytics. Understand its historical context, key products, and its significance in the financial world.
An in-depth definition of the 'Scope of Services' offered by commercial banks, including business loans, credit cards, and investment products.
An in-depth guide to understanding the various fees associated with banking services.
Detailed exploration of SME Finance, its historical context, types, importance, and applicability, along with examples, related terms, and more.
An in-depth look at Standard & Poor's, its history, services, and significance in the financial world.
Comprehensive overview of stock brokers, including their roles, types, responsibilities, historical context, and relevance in modern finance.
A comprehensive guide on Stop Payment Fees, their historical context, types, key events, importance, and applicability in banking and finance.
An overview of the Traditional Distribution method that relies mostly on dedicated insurance agents or brokers for marketing insurance products.
Exploring the Definition, Methods, Types, and Implications of Transfer of Funds
A detailed exploration of viatical settlement providers, who purchase life insurance policies from policyholders diagnosed with terminal illnesses.
A Bank Trust Department is engaged in settling estates, administering trusts and guardianships, performing agency services, managing investments for large accounts with a conservative investment philosophy, and acting as trustees for corporate bonds. They also administer pension and profit-sharing plans, and function as transfer agents.
Commerce Clearing House (CCH) is a notable publisher specializing in business and tax matters, providing a wide array of resources and publications for professionals in these fields.
