Securities Firms, Insurance companies | Securities firm
Securities firms include investment banks, investment companies, and brokerage firms. They serve as financial intermediaries in various ways. First, they play ...HomeBusiness&FinanceSecuritiesFirmssecuritiesfirmsFinancialinstitutionssuchasinvestmentbanks,investmentcompanies,andbrokeragefirmsthathelpfirmsplacesecuritiesandhelpinvestorsbuyandsellthem.Securitiesfirmsincludeinvestmentbanks,investmentcompanies,andbrokeragefirms.Theyserveasfinancialintermediariesinvariousways.First,theyplayaninvestmentbankingrolebyplacingsecurities(stocksanddebtsecurities)issuedbyfirmsorgovernmentagencies.Thatis,theyfindinvestorswhowanttopurchasethesesecurities.Second,securitiesfirmsserveasinvestmentcompaniesbycreating,marketing,andmanaginginvestmentportfolios.Amutualfundisanexampleofaninvestmentcompany.Finally,securitiesfirmsplayabrokeragerolebyhelpinginvestorspurchasesecuritiesorsellsecuritiesthattheypreviouslypurchased.InsurancecompaniesinsurancecompaniesFinancialinstitutionsthatprovidevarioustypesofinsurance(life,property,health)fortheircustomers.Insurancecompaniesprovidevarioustypesofinsurancefortheircustomers,includinglifeinsurance,propertyandliabilityinsurance,andhealthinsurance.Theyperiodicallyreceivepayments(premiums)fromtheirpolicyholders,poolthepayments,andinvesttheproceedsuntilthesefundsareneededtopayoffclaimsofpolicyholders.Theycommonlyusethefundstoinvestindebtsecuritiesissuedbyfirmsorbygovernmentagencies.Theyalsoinvestheavilyinstocksissuedbyfirms.Thustheyhelpfinancecorporateexpansion.Insurancecompaniesemployportfoliomanagerswhoinvestthefundsthatresultfrompoolingthepremiumsoftheircustomers.Aninsurancecompanymayhaveoneormorebondportfoliomanagerstodeterminewhichbondstopurchase,andoneormorestockportfoliomanagerstodeterminewhichstockstopurchase.Theobjectiveoftheportfoliomanagersistoearnarelativelyhighreturnontheportfoliosforagivenlevelofrisk.Inthisway,thereturnontheinvestmentsnotonlyshouldcoverfutureinsurancepaymentstopolicyholdersbutalsoshouldgenerateasuffici
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