Financial services companies play a central role in the economy by helping individuals, businesses and governments manage their money. The sector includes banks, investment firms and financial advisors, as well as insurance companies that help individuals and businesses reduce their financial risk. Whether it’s issuing a mortgage, overseeing a retirement portfolio or orchestrating a complex corporate transaction, financial services companies keep capital flowing and markets functioning. In this article, we’ll introduce you to some of the biggest players in the financial services industry.
Top Financial Services Companies
- Goldman Sachs
- Morgan Stanley
- Citi
- Fidelity Investments
- Charles Schwab
- U.S. Bank
- Berkshire Hathaway
- Prudential Financial
Top Financial Services Companies to Know
Founded in 1869, Goldman Sachs assists clients with investment banking, mergers and acquisitions and structured financing. Serving a mix of individuals, corporations and governmental clients, the New York City-based company has expertise in equities, derivatives, commodities and global currencies. It also offers consumer banking through Marcus by Goldman Sachs, the company’s online banking division.
Founded in 1935, Morgan Stanley assists corporate, nonprofit and governmental clients with investment banking services, such as mergers, acquisitions, restructurings, IPOs and structured financing. The New York City-based firm also offers wealth management services for individuals, and it helps individuals and organizations with investing strategies across equities, fixed income and alternative investments.
Citigroup provides investment banking, wealth management and other financial services for clients in more than 100 countries. Considered one of the top four banks in the country, its U.S. division also offers personal banking and credit card services. Founded in 1812, Citi has roughly 19,000 institutional clients, and according to the company, nearly $5 trillion flows through its global network each day.
Fidelity Investments offers brokerage and retirement accounts, as well as checking and credit card services. Founded in 1946, the Boston-based company has curated a variety of exchange-traded funds (ETFs) and mutual funds, as well as bonds, CDs and money market accounts. It also offers wealth management and other financial planning services. As of July 2025, Fidelity has $15 trillion in assets under administration.
When Charles Schwab launched in 1971, its low brokerage fees helped make the stock market more accessible to retail investors. Headquartered in Westlake, Texas, Schwab now offers brokerage and retirement accounts, as well as wealth management services. In addition to its website and mobile app, Schwab provides sophisticated trading features on its thinkorswim desktop platform. As of June 2025, Schwab executes more than 7 million trades per day and manages nearly $10.8 trillion in client assets.
Founded in 1890, Munich-based Allianz is one of the world’s leading insurers and asset managers, with roughly $2.2 trillion in assets under management. Serving 122 million customers in more than 70 countries, it provides individuals with property and casualty insurance products, as well as health, life and disability insurance. It also offers a suite of business insurance products tailored to the unique risks of each industry. Allianz employs 156,000 people around the world, and has a total business volume of $208 billion.
Founded in 1845, New York Life Insurance Company is the largest mutual insurer in the U.S., according to its website. With more than 12,000 agents, the company offers life, long-term care and disability insurance, as well as wealth management, estate planning and investment products. It also provides corporations with group insurance options, pension risk transfer and other financial services.
Founded in 1922, State Farm is the largest provider of home and auto insurance in the United States. It also provides consumers with life, disability and identity theft insurance. Headquartered in Bloomington, Illinois, State Farm offers a variety of business insurance products, like workers compensation and surety bonds. It also provides individuals and businesses with checking, savings and CD accounts through a partnership with U.S. Bank. State Farm offers investment services and retirement plans through its subsidiaries.
Prudential Financial offers individuals with life insurance, financial planning services and investment and retirement solutions. Founded in 1875, the New Jersey-based company provides employers with group insurance and other workplace benefits. It also provides institutions with reinsurance, investment management and pension risk transfer. Prudential has $1.6 trillion in assets under management as of June 2025.
Berkshire Hathaway started as a textile company in 1839, but Warren Buffet transformed it into a conglomerate — and one of the top publicly traded companies — after taking the helm in the 1960s. The Omaha-based firm owns several insurance companies, including auto insurer GEICO, reinsurance company Gen Re, commercial insurance provider National Indemnity Company and HomeServices of America, which supplements its real estate brokerage services with mortgage loan originations, title insurance and property and casualty insurance.
First Entertainment Credit Union is a financial institution serving Los Angeles County members in the television, movie and entertainment industries. Its products are designed to accommodate the financial rhythms of creative work, which typically provides a stream of income that doesn’t fit the traditional mold.
Amplify Platform provides RIAs, broker-dealers and multi-family offices with a comprehensive suite of wealth management solutions. Its cloud-based platform enables automated workflows for everything from onboarding and trading to billing. Amplify’s scalable technology also includes risk management and compliance tools and can deliver enterprise-level intelligence.
Raymond James provides individuals and institutions with investment services, financial planning and asset management through its subsidiaries. Founded in 1962 and headquartered in St. Petersburg, Florida, the company assists individuals with wealth management, while offering expertise in global equities and fixed income capital markets for its institutional clients. Raymond James has 8,800 financial advisors and $1.26 trillion under management.
Founded in 1865 in Hong Kong, HSBC serves more than 40 million customers in 57 countries. Its team of roughly 211,000 employees provides individuals with banking, borrowing and wealth management services. With $3 trillion in assets under management, the London-based firm also provides business and institutional customers with commercial credit cards, investment services and global payment solutions.
Founded in 1966, Mastercard provides debit and credit cards for individuals, as well as payment solutions, global money transfers and advisory services for businesses. The company, which is headquartered in Purchase, New York, serves customers in more than 210 countries. Mastercard prides itself on innovating new payment technologies, including an agentic AI solution called Agent Pay.
American Express is known for its premium charge and credit cards that reward users with airline miles and other perks. Serving both individuals and businesses, the company offers travel rewards programs, employee spending accounts and payment processing for merchants. The company, which was founded in 1850, also offers checking, savings, CDs and IRA accounts.
Gelber Group is a proprietary trading firm with operations dating back to 1982. Using its own capital, it actively trades across multiple asset classes, including commodities, equities, fixed income and foreign exchange, with a strong focus on algorithmic strategies.
Travelers Insurance, founded in 1864 in Connecticut, merged with the St. Paul Fire and Marine Insurance Company in 2004 and changed its name to The Travelers Companies. With more than 30,000 employees and 15,000 agents, Travelers offers home, auto and other types of property and casualty insurance. As the second-largest commercial insurance carrier in the U.S., it insures businesses for workers compensation, data breaches and other industry-specific risks.
U.S. Bank offers a variety of personal banking solutions, including checking, savings, loans and investment accounts. It also provides small businesses with banking, lending and payment processing solutions, and it assists corporate and commercial clients with financing and investing strategies. Founded in 1863, the Minneapolis-based company is the fifth largest bank in the U.S. by asset size, managing $665 billion in assets as of December 2024.
Based in Massachusetts, Leader Bank delivers tailored banking and lending services for individuals, businesses and government clients. From home loans to business accounts, its personalized approach has earned it recognition as one of the top workplaces in the state by outlets like the Boston Globe.
Visa’s history dates back to 1958, when Bank of America launched one of the first consumer credit card programs. The company has since spun off, becoming one of the world’s largest payment networks with perks-laden credit cards, as well as debit and prepaid cards. Its Visa Direct program allows individuals and businesses to send money instantly to nearly 7 billion cards, accounts and wallets in more than 190 countries. It also offers business-to-business (B2B) payment solutions and tools for businesses to monitor spending and generate expense reports.
State Street says it is the fourth largest asset manager in the world, with roughly 11.5 percent of the world’s financial assets flowing through it every day. With more than 53,000 employees, it assists asset managers, insurance companies and government institutions with investment services, financing solutions and fund administration. The company is headquartered in Boston and is active in more than 100 markets.
Founded in 1912, Liberty Mutual has grown to become the ninth largest property and casualty insurer as of 2024. Headquartered in Boston, the company offers home, auto and property-casualty insurance for individuals. Commercial businesses can access surety, reinsurance and specialty insurance products tailored to specific industries. Its investments division manages more than $100 billion across public and private markets.
NinjaTrader is a U.S. fintech and brokerage firm that specializes in futures trading and derivatives. Founded in Chicago in 2003, the company offers a comprehensive trading platform that includes advanced charting, analytics and order management capabilities, complemented by robust brokerage services. Catering to nearly 2 million users, it provides low-cost commissions and professional-grade tools for active, algorithmic and discretionary traders. NinjaTrader works to bridge the gap between traditional finance and the evolving landscape of digital assets.
Founded in 1931 as part of Sears, Allstate spun off into an independent company in 1995. The Northbrook, Illinois-based company provides auto and homeowners insurance, along with renters, businesses and life insurance policies. Allstate Digital Footprint helps individuals understand where their personal information lives online and what they can do to protect themselves from identity theft.
Frequently Asked Questions
What is a financial services company?
A financial services company manages money for individuals, businesses or governmental institutions. This includes banks, insurance firms, investment brokers, asset managers, credit card issuers and financial technology companies.
What services do financial services companies offer?
Financial services companies offer banking services like checking and savings accounts, as well as investment services, wealth management and financial planning. Insurance is also a pillar of the financial services industry, as they help consumers manage financial risks to their home, vehicle or health.
What is the difference between a bank and a financial services company?
Financial services is a broad term that includes banks, credit card companies, financial planners and insurance companies. Unlike an investment bank that may help large corporations with complicated financial transactions, a bank is focused mostly on checking and savings accounts, as well as mortgages and loans.
