The Financial Services Industry

Overview/Description
 Do you know what drives an investor to save? Do you know the difference between taxation strategies and investment strategies? The financial services industry contains many different business operations, products and finance concepts that are important to know This course will introduce these business segments, concepts and products allowing you to increase or review your knowledge about the industry.

Target Audience
 Individuals newly hired or transitioning into the financial services industry

Expected Duration
3.5 hours

Lesson Objectives:

The Need for Financial Services

  • identify the benefits of becoming familiar with the financial services industry.
  • differentiate between financial services products and financial concepts.
  • select the concerns and goals that drive people to save and invest in a given scenario.
  • determine the financial life cycle stage that drives a potential investor in a given scenario.

    • Financial Concepts

  • recognize the four types of basic financial service concepts.
  • determine the elements of inflation and their impact in a given scenario.
  • classify the five risk potentials associated with investing.
  • identify methods to minimize risk and maximize reward
  • differentiate between the various tax strategy attributes in a given scenario.

    • Financial Products and Their Distribution

  • recognize the value of understanding distribution methods of basic financial products.
  • identify services offered by banking institutions.
  • recommend banking services to customers based on their needs and the possible benefits they can receive from those services.
  • differentiate between various types of life insurance products.
  • identify elements associated with common stocks, corporate bonds and mutual funds.

    • Course Number: FS0201