The financial services industry includes banks, insurance companies, and investment firms.
These organizations engage in monetary transactions and create, liquidate, purchase, and sell assets such as securities, bonds, and insurance.
During a time of recession, financial services clients — investors, consumers and firms — may experience losses due to delinquencies, falling asset values, and cutbacks in investments.
Even though returns may decline during economic slowdowns, lower market values also present opportunities for expansion and new investment.
“SECU of Maryland has been very impressed with the cost savings results ERA has delivered. Their expense category expertise, supplier knowledge, contract work, and disciplined approach generated meaningful savings over and above our internal efforts while maintaining great relationships with our suppliers and management team.”