Understanding Differences
[By Dr. David Edward Marcinko MBA CMP™]
SPONSOR: http://www.CertifiedMedicalPlanner.org

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There are several different kinds of banks.
A general understanding of these types is suggested for any medical professional prior to launching a self-directed [ME, Inc], or even a guided investment strategy or wealth building portfolio effort with a financial advisor [FA], stock broker or wealth manager, etc.
This banking information is usually not included in any text on financial planning, or related, until now.
CITE: https://www.r2library.com/Resource/Title/082610254
Definition of Retail Bank
A retail bank is a typical small mass-market financial institution in which individual customers use local branches; usually of larger commercial banks. Services offered include savings and checking accounts, mortgages, personal loans, debit/credit cards and certificates of deposit (CDs).
Definition of Commercial Bank
A financial institution that provides services, such as accepting deposits, giving business loans and auto loans, mortgage lending, and basic investment products like savings accounts and certificates of deposit. The traditional commercial bank is a brick and mortar institution with tellers, safe deposit boxes, vaults and ATMs.
However, some commercial banks do not have any physical branches and require consumers to complete all transactions by phone or Internet. In exchange, they generally pay higher interest rates on investments and deposits, and charge lower fees.
Definition of Investment Bank
Investment banking activities are different than those of retail and commercial banking and include underwriting securities, acting as an intermediary between an issuer of securities and the investing public, facilitating mergers and other corporate reorganizations, and also acting as a broker for institutional clients.
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Assessment
This brief review provides a retrospective on implications for modernity.
More:
Conclusion
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Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
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Filed under: "Ask-an-Advisor", CMP Program, Financial Planning, Glossary Terms | Tagged: Certified Medical Planner™, CMP, Commercial Bank, hree [3] Types of Banks, investment bank, Marcinko, Retail Bank, Types of Banks | 8 Comments »