Unified Security And Fiduciary

The banking, investment, and insurance industries perform many of the same tasks, in extremely different ways, and all have spent many years struggling to remain profitable and relevant despite the limited amount of money customer actually have to move around. Eventually, a single industry, the Unified Security and Feduciary, will provide streamlined services taken from and combined out of the various related duties of their competing industries.

Current Status

Banks, investment services, tax preparation companies, payroll services, insurance companies have made and broken affiliations, purchased and sold each other, consolidated and eliminated services and products for many years. Each has taken opportunities to buy other companies, in hopes of building a 'rounder' bill of services, but quite often finding out that the selling company was only profitable at the selling price. Blue Cross and Blue Shield of North Dakota, under the umbrella name Noridian, purchased numerous area insurance and financial companies during the 1990s, only to reduce, eliminate, or liquidate the majority of them by the mid-2000s. Until companies like Noridian can turn their business into one unified process, there will be little opportunity for profit or valuable services for customers.

The Core Of Unified Security And Feduciary

Ultimately, people turn to financial services for two reasons: handle their non-cash finances, and protect their assets for the future.

Despite the ubiquity of electronic transactions and banking, a large part of the US exists without using any sort of banking services or insurance. While this is possible, it creates a number of problems, creating the market for asset management and protection.