What are the traditional functions of financial institutions

Financial institutions are financial intermediaries engaged in the financial services industry, which is part of the financial system, and the financial services industry (banking, securities, insurance, trusts, funds, etc.) corresponds to this, and financial intermediaries also include banks, securities firms, insurance companies, trust and investment companies, fund management companies, etc. They also refer to lending institutions, which issue loans to customers for financial turnover. It also refers to lending institutions, companies that grant loans to customers for financial turnover, and their interest rates are relatively higher than those of banks, but it is more convenient for customers to borrow money because they do not need to be supported by complicated documents. \r\n The functions of different types of financial institutions vary, and in general, the main functions of a financial institution are:\r\n 1. To raise funds in the market so as to obtain monetary capital, change and structure it into different types of more acceptable financial assets, such operations form the liabilities and assets of the financial institution. This is the basic function of a financial institution, and financial institutions that exercise this function are the most important type of financial institution. \r\\n 2. Trading financial assets on behalf of customers and providing settlement services for financial transactions. \r\\n 3. Trading financial assets on its own account and meeting customers' needs for different financial assets. \r\\n 4, Help clients create financial assets and sell these financial assets to other market participants. \r\\n 5. Providing investment advice to clients, keeping financial assets in custody, and managing clients' investment portfolios. \r\\\n The first of these services involves the deposit-taking function of a financial institution; the second and third are the brokerage and trading functions of a financial institution; the fourth is known as the underwriting function, and financial institutions that provide underwriting generally also provide brokerage or trading services; and the fifth is an advisory and fiduciary function.