financial supermarket

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Financial supermarket

A company offering a wide variety of financial services such as a combination of banking services, investment services, and insurance brokerage.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Financial Supermarket

A financial institution that offers a wide variety of services to clients. For example, a financial supermarket may serve as a broker, insurance company, and real estate agent. Some financial supermarkets may even offer services approximating banking services. This is both convenient for the client and profitable for the supermarket. Financial supermarkets are made possible largely through deregulation.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

financial supermarket

A financial services company that offers customers a wide variety of financial products, generally including insurance, stocks, bonds, real estate services, and annuities. Financial supermarkets are convenient but may not offer the best deals on each of the financial products they sell.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
This is not any novel idea but PICIC basically a DFI emerged as a financial super market in the recent past.
Until lately concept of 'financial super market' was followed but the perception now is large does not guarantee survival.
However, others believe that commercial banks are thriving only because these have become 'financial super markets'.

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