Founded in 1990, Apollo Global Management is a high-growth, global alternative asset manager and retirement services provider. Apollo conducts its business primarily in the US through the following three reportable segments: Asset Management, Retirement Services, and Principal Investing. In the asset management segment, Apollo seeks to provide its clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three business strategies: yield, hybrid, and equity Through Athene, Apollo's retirement services business, it specializes in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Apollo has some $650.8 billion of assets under management.
Services
What is Financial Services?
Financial services refer to services provided by the banks and financial institutions in a financial system.
In general, all types of activities which are of financial nature may be regarded as financial services. In a broad sense, the term financial services mean mobilisation and allocation of savings. Thus, it includes all activities involved in the transformation of savings into investment.
The finance industry covers a broad range of organizations that deal with management of inflow and outflows of funds in an economy. Among these organizations are Asset Management Companies like leasing companies, merchant bankers and Liability Management Companies like discounting houses and acceptance houses, and further general financial institutions like banks, credit card companies, insurance companies, consumer finance companies, stock exchanges, and some government sponsored enterprises.
Industries that make up the financials sector
As with every GICS sector, the number of industry groups, industries, and subindustries varies according to the research firm conducting the analysis. There are about 15 industries that make up the financials sector, including the five that you’re most likely to hear about:
1. Banking
2. Insurance
3. Investment services
4. Mortgage finance
5. Consumer finance
Banking. Included in this category are commercial banks, from small regional banks to those considered intrinsic to the nation’s economy (also sometimes referred to as “too big to fail”). These institutions accept deposits for savings and checking accounts and provide loans.
Among the biggest players are:
Bank of America Corporation(BAC)
Citigroup Inc. (C)
JPMorgan Chase & Co. (JPM)
Wells Fargo & Company (WFC)
Insurance. Property, life, health insurance, and reinsurance may not be among the most captivating stocks, but their potential as solid investments shouldn’t be overlooked. There are several subindustries within this category, and some of these companies have extensive holdings in other sectors, industries, and companies. Some larger companies include:
The Allstate Corporation (ALL)
Berkshire Hathaway Inc. (BRK.A, BRK.B)
MetLife, Inc. (MET)
Investment services. This segment includes brokerages, asset management, and investment advisory firms, including these familiar names:
CME Group Inc. (CME)
Goldman Sachs Group, Inc. (GS)
Morgan Stanley (MS)
Raymond James Financial, Inc. (RJF)
Mortgage finance. These companies deal in loan origination, funding, and servicing for residential and commercial properties. There aren’t many well-known names in this category, but those that might ring a bell are:
LendingTree, Inc. (TREE)
PennyMac Financial Services, Inc. (PFSI)
Consumer finance. Also known as retail finance, this industry is primarily designed to help individual consumers access loans (directly or indirectly) through credit cards, personal loans, private student loans, mortgage loans, and so on. This group includes some of the most iconic names in the financial services sector:
American Express Company (AXP)
Mastercard Incorporated (MA)
Navient Corporation (formerly Sallie Mae) (NAVI)
PayPal Holdings, Inc. (PYPL)
Visa Inc. (V)
StoneX (formerly known as INTL FCStone) operates a global financial services network that connects companies, organizations, traders, and investors to the global markets ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high-touch service, and deep expertise. It serves more than 54,000 commercial, institutional, and global payment clients, and over 400,000 retail accounts to more than 40 derivatives exchanges, some 185 foreign exchange markets, most global securities exchanges, and over 18,000 over-the-counter markets. It is also one of the leading market makers in foreign securities, making markets in approximately 10,000 different foreign securities. Serving to more than 180 countries, StoneX generates about 85% of its revenue in Middle East and Asia.
Marsh & McLennan Companies (Marsh McLennan) is the world's leading professional services firm in the areas of risk, strategy and people. The company operates across four global businesses - Marsh, Guy Carpenter, Mercer and Oliver Wyman. Marsh provides data-driven risk advisory services and insurance solutions to commercial and consumer clients. Guy Carpenter is the company's reinsurance intermediary and advisor. Mercer delivers advice and technology-driven solutions that help organizations redefine the future of work, shape retirement and investment outcomes, and advance health and well-being for a changing workforce. Oliver Wyman Group provides management consulting to private sector and governmental clients. Serving in over 130 countries, Marsh McLennan generates about 50% of total revenue from its US customers.
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