what's the main business of merrill lynch, morgan stanley, lehman brothers or goldman sachs and other huge companies resembling them. i'm sure they have their own specializations right? so what are they
Answers: They are technically call Investment Banks. They basically relief people earn more money through investments, whereas regular bank just clear interest.
They are also institutional lenders in that they typically merely deal next to non-people clients (corporations, trusts, funds, etc.). Really rich people habitually are catered to as "Private Wealth Mgmt", or through wealth protection as within trusts or something like that.
I sense within is another layer of definition you are looking for, but in need more info, this is it.
Good luck!
there are multiple job of these companies. they offer personal advisement and provide financing for corporations through investment bank
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Answers: They are technically call Investment Banks. They basically relief people earn more money through investments, whereas regular bank just clear interest.
They are also institutional lenders in that they typically merely deal next to non-people clients (corporations, trusts, funds, etc.). Really rich people habitually are catered to as "Private Wealth Mgmt", or through wealth protection as within trusts or something like that.
I sense within is another layer of definition you are looking for, but in need more info, this is it.
Good luck!
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there are multiple job of these companies. they offer personal advisement and provide financing for corporations through investment bank
Resolved Questions: