PrimeGlobal members' financial and technical industries provides resources about Industries that manage money, technology, and other “brain power” businesses like law, marketing, and professional services. This section covers the finance and insurance, information and technology and professional, scientific and technical industries. To see more specifics about which PrimeGlobal member firms have a speciality in finance & insurance, or to find out if a particular member serves a specific sector, search the PrimeGlobal Directory.
Finance & Insurance
The finance & insurance group includes industries involving the movement and management of money. The most common finance & insurance related industries served by PrimeGlobal member firms include:
Asset Management. The sector of the financial services industry that manages collective investment schemes, referred to as mutual funds, investment funds, managed funds, or simply funds, and segregated client accounts, so that the greatest return is achieved.
Banking & Capital Markets. Financial institutions which connect customers that have capital deficits to customers with capital surpluses. Banks accept deposits and channel those deposits into lending activities, either directly or through capital markets. Capital markets are markets for securities (debt/bond market or equity/stock market), where companies and governments can raise long-term funds.
Employee Benefits Plans. Industries which administer and manage non-wage compensations provided to employees in addition to their normal wages or salaries. Such plans can include retirement plans, which provide retirement income or to defer income until termination of covered employment or beyond, or welfare plans, which provide health benefits, disability benefits, death benefits, prepaid legal services, vacation benefits, day care centers, scholarship funds, apprenticeship and training benefits, or other similar benefits.
Financial Services. Financial services are the economic services provided by the finance industry, which encompasses a broad range of organizations that manage money, including credit unions, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises.
Insurance. The insurance industry includes all companies who sell or manage insurance products. Insurance entails payments to an insurance company in exchange for the promise to pay for damages, health procedures, etc. in the event of an accident or basic need. The insurance sector is segmented into four distinct sub-sectors: life insurance, property & casualty insurance, accident & health insurance, and miscellaneous insurance.
Pension Plans. Retirement plans in which an employer contributes to a pool of funds set aside for employees’ future benefit. The pool of funds is invested on the employee's behalf, allowing the employee to receive benefits upon retirement. The two main types of pension plans are defined-benefit plans, which guarantee that the employee will receive a definite amount of benefit upon retirement, regardless of the performance of the underlying investment pool, and defined-contribution plans, where the final amount of benefit received by the employee depends on the investment's performance.
Private Equity, Hedge Funds, & Mutual Funds. Industries that focus on the management of investments. Private equity consists of investors and funds that make investments directly into private companies or conduct buyouts of public companies that result in a delisting of public equity. Hedge funds are aggressively managed portfolios of investments that use advanced investment strategies such as leveraged, long, short and derivative positions in both domestic and international markets with the goal of generating high returns. Mutual funds are an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets.
Information & Technology
The information & technology industry group includes industries that facilitate all the ways people communicate with one another. The most common information & technology related industries served by PrimeGlobal member firms include:
Communications. This rapidly changing industrial sector is engaged in the production and distribution of content designed to inform and entertain. As such, it covers television and radio broadcasting, telegraphy, publishing, telecommunications, motion pictures, computer databases, and other information industries.
Publishing, Broadcasting & Media. Mass media industries incorporate all media technologies intended to reach a large audience via mass communication. Broadcast media programming includes television programs, film and radio, movies, CDs, and DVDs. Print media use a physical object as a means of sending information, such as a newspaper, magazines, brochures, newsletters, and books. Internet media include email, websites, and blogging. The publishing industry manages the development, acquisition, copyediting, graphic design, production, printing (and its electronic equivalents), and marketing and distribution of the media types listed above. The broadcasting industry manages the distribution of audio and video content to dispersed audiences via audio visual media, most commonly radio, television, cable, direct broadcast satellite, and webcasting.
Electronics, Software & Services. This industry incorporates businesses that are primarily engaged in planning and designing computer systems that integrate computer hardware, software, and communication technologies. The hardware and software components of the system may be provided by the company as part of integrated services or may be provided by third parties or vendors. Often, the company installs the system and trains and supports users of the system.
Technology. The technology industry provides the basis for chip production, information and communication systems, and computer systems. These companies serve as the developers and manufacturers of the products which drive the increasing efficiency and production of cell phones, computers, and televisions, as well as other communication and information systems.
Telecommunications. The operations of the telecommunications industry revolve around building, maintaining, and operating networks to connect customers. Major services provided by the telecommunications industry are wireline voice services, wireless services, and cable distribution. Other services include satellite telecommunications and telecommunications resale (providing network connectivity to other telecom companies, and wholesaling circuits to heavy network users like internet service providers and large corporations).
To see more specifics about which PrimeGlobal member firms have a specialty in information & technology, or to find out if a particular member serves a specific sector, search the PrimeGlobal Directory.
Professional, Scientific & Technical
The professional, scientific & technical industry group includes the knowledge industries that apply thought leadership and high levels of technical application to solve problems and increase value in other industries. The most common professional, scientific & technical industries served by PrimeGlobal member firms include:
Engineering. Companies in this industry apply engineering principles to design, develop, and use machines, materials, structures, and processes. Engineering projects require skills in analysis, design, project management, operations, or all four. Major engineering services include product and industrial process design, construction design and management, systems engineering, and maintenance and operations. Most firms specialize in a particular type of engineering; while companies that provide engineering services to the construction industry tend to among the biggest in terms of revenue, engineering companies serve other industries including automotive, aerospace, petroleum, and technology.
Law Firms. The industry's major service is the practice of law, which is providing legal services to individuals, businesses, government, and nonprofits. The primary service rendered by a law firm is to advise clients (individuals or corporations) about their legal rights and responsibilities, and to represent clients in civil or criminal cases, business transactions, and other matters in which legal advice and other assistance are sought.
Marketing. Marketing industries focus on helping clients increase awareness of their businesses in the public arena, with a common additional goal of increasing sales activity. Major services are advertising for print, broadcast, and online media, direct mail advertising, social media development, collateral development, and public relations. Other services include display advertising, media buying, media representation, and content development (both print and online).
Professional Services. Professional services is an industry of infrequent, technical, or unique functions performed by independent contractors or by consultants. Examples of professional services include those of: accountants, actuaries, appraisers, architects, attorneys, business consultants, business development managers, copywriters, engineers, funeral directors, law firms, public relations professionals, recruiters, researchers, real estate brokers, and translators. While not limited to individuals holding professional licenses, the services are considered "professional" and the contract may run to partnerships, firms, or corporations as well as to individuals.
Whatever business you can imagine, we have a member firm with experience to service clients in that area. PrimeGlobal member firms literally cover more than 90 niche practices, in areas as diverse as construction, turf development, furniture manufacturing, auto dealerships, golf courses, and the movie industry.Search Now