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Financial Products
and Services to Bank Customers
Infinex Financial Group |
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With the onset of deregulating the financial industry, banking customers
have a strong interest in a wide range of banking, investment and insurance products. To
meet this growing customer demand, many banks are considering relationships with
third-party broker-dealers and insurance agents.
It is a real
challenge to bring the worlds of banking, investments and insurance together in order to
avoid establishing a competitive environment in which the bank finds itself competing
against one of its primary business partners. The culture of the two organizations must
meld together seamlessly in order to create a comfortable and synergistic working
relationship. |
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Infinex Financial Group provides a working
template for success. This broker-dealership was formed by banks, is owned by banks and
operated for the benefit of the participating banks. Through a unique arrangement, the
Infinex goal is to build upon the heritage founded in the banking industry while
maintaining the flexibility to meet the changing needs of the financial services industry
well into the 21st century. |
Infinex Financial Group is a program designed by people with banking,
broker-dealer and insurance backgrounds. Infinex is owned by The Massachusetts Bankers
Association, The Connecticut Bankers Association and a number of participating banks. This
arrangement ensures that the products and services offered broaden the scope of financial
services that the bank can offer its customers, while maintaining that important
relationship between the bank and its customers. It has been our experience that the
products and services that have been developed by banks, for banks, ultimately prove to be
the most successful because they allow banks to control their own destiny when it comes to
people, products and marketing operations on their platforms. |
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