Accounting and Tax Preparation

This segment is comprised as services such as auditing accounting records, designing accounting systems, preparing financial statements, developing budgets, preparing tax returns, bookkeeping, billing, and processing payrolls.

Asset Management

In this segment, companies manage the financial assets of corporate, institutional, and individual clients. Their main services include portfolio management and investment advice.


Companies in this segment accept deposits and make commercial, industrial, and consumer loans.


Companies in this segment act as agents to sell insurance policies and annuities underwritten by insurance carriers.

Private Equity

Private equity is a class of assets that consists of equity securities and debt in companies that do not publicly trade on a stock exchange. These types of investments are typically made by private equity firms, venture capital firms, or angel investors.

Venture Capital

Companies in this industry invest capital in new business ventures. These companies provide money to new, rapidly growing companies with new products or services that appear to be promising in exchange for equity in the company.

The Financial Services industry is Fragmented. The production in this industry is divided among a few different companies, however, no single firm has large enough share of the market to be able to influence the industry's direction or price levels.

Primary Demand Drivers

  • Consumer income
  • Wealth
  • Demographics

Profitability Drivers

  • Effective marketing

From the Blog Blog RSS

On Thursday, the U.S. Department of Commerce announced that China and the United States had signed a new trade agreement, named the U.S.-China Comprehensive Economic Dialogue. The trade agreement is a result of ongoing negotiations between the two countries following a meeting between U.S. President Trump and Chinese President Xi Jinping in April. This 100-day action plan contains 10-points to be implemented by both China and the United States. For the United States, the agreement is part of an ongoing attempt to cut the trade deficit with Beijing.

The rapid growth in the fintech industry is revolutionizing the financial industry, forcing traditional banks and new startups to become more technologically advanced. Customer behavior is an area that has a lot of potential for financial institutions to gain insights through data analytics. Data analytics would allow banks and other institutions to have agile systems that learn through experience, where they would automatically refine the algorithms to improve results.


  1. SelectUSA (Date Accessed: 6/1/2017)