In the first sense, Finco refers to a financial company, which is any business entity that provides financial services to its clients. These companies play a key role in the financial sector, typically offering services like:

• Loans and Mortgages: Providing personal, business, or mortgage loans to individuals and companies.

• Investment Management: Managing assets, offering wealth management services, and helping clients invest in stocks, bonds, and other financial instruments.

• Leasing: Offering leasing solutions for personal or commercial assets, such as vehicles or equipment.

• Insurance: Some financial companies might provide various types of insurance products.

• Financial Advisory Services: Advising clients on financial planning, retirement savings, taxes, and other financial matters.

Examples of financial companies include traditional banks, credit unions, mortgage companies, insurance firms, and investment firms. Essentially, any company involved in managing, moving, or investing money could be considered a financial company or "Finco."

Accounting and Legal Term

In legal and tax planning, "Finco" is sometimes used to describe a finance vehicle set up for specific tax or asset management strategies, often used in complex corporate structures.