Читать книгу Corporate Finance For Dummies - Michael Taillard - Страница 55

The nature of banking depends entirely on the type of banking a person does, but there are similar functions between them. Personal and commercial bankers handle the logistics of executing transactions for deposits, loans, some kinds of investments, some kinds of valuations, and so on. An investment banker deals with the logistics of assessing the value of a corporation, making sure the corporation gets paid for its shares, and selling those shares to private investors. Tellers work in banks and simply handle the counting and movement of money between people and/or accounts. Banking, as a whole, is really nothing more than managing basic money needs for others.

“Financial advisors” are not financial experts, despite the word “finance” in the title. It is their role to sell financial products and services, and they earn more money as you make more transactions. There have been attempts to pass a fiduciary rule that would require financial advisors to act in the best interest of their clients, but these attempts have been reversed.