Auxiliary Finance and Insurance Services
Auxiliary finance and insurance services are additional services offered by financial institutions and insurance companies to their customers. These services include but are not limited to:
- Investment advice: Financial institutions offer investment advice to their customers to help them make informed decisions about their investments.
- Wealth management: Financial institutions offer wealth management services to help customers manage their assets and plan for their financial future.
- Credit counseling: Financial institutions offer credit counseling services to help customers manage their debt and improve their credit score.
- Insurance brokerage: Insurance companies offer insurance brokerage services to help customers find the best insurance coverage for their needs.
- Risk management: Insurance companies offer risk management services to help customers identify and mitigate potential risks to their assets and business operations.
- Retirement planning: Financial institutions offer retirement planning services to help customers plan for their retirement and ensure they have enough savings to support themselves in their golden years.
- Tax planning: Financial institutions offer tax planning services to help customers minimize their tax liability and maximize their savings.
- Estate planning: Financial institutions offer estate planning services to help customers plan for the distribution of their assets after they pass away.
- Trust services: Financial institutions offer trust services to help customers manage and protect their assets for the benefit of themselves and their beneficiaries.
- Foreign currency exchange: Financial institutions offer foreign currency exchange services to help customers manage their international financial transactions.