What Does a Financial Services Company Do?

A financial services company is a business or company
which manages, invests, exchanges, or holds money on
behalf of clients. Many types of companies can be
considered to be in financial services, including banks,
insurance companies, and asset management firms,
among others. As money and finance become ever more
complex, there are an increasing number of activities and
enterprises a financial services company can be engaged
in.
The largest business in the world, in terms of the amount
of money that changes hands, is insurance. It is also one
of the oldest businesses. Insurance is considered a
financial service because it protects against the loss of
money or property, and because insurance companies
themselves often are involved very heavily in investment.