PrimeGlobal members' business industries section identifies industries that serve various types of businesses. This section looks at client types that cover the management & administrative groups including industries that facilitate the business of doing business. To see more specifics about which PrimeGlobal member firms have a speciality in management & administrative industries, or to find out if a particular member serves a specific sector, search the PrimeGlobal Directory.
This industry category refers to all the various groups of clients that firms might serve. The most common client types served by PrimeGlobal member firms include:
High Net Worth Individuals (HNWI). Although there is no precise definition of how rich somebody must be to fit into this category, high net worth is generally quoted in terms of liquid assets over a certain figure – generally agreed upon as more than USD $1 million in liquid financial assets. The exact amount differs by financial institution and region. The categorization is relevant because high net worth individuals generally qualify for separately managed investment accounts instead of regular mutual funds. The upper end of HNWI is around USD $5 million, at which point the client is then referred to as "very HNWI". More than USD $50 million in wealth classifies a person as "ultra HNWI."
Individuals. A single person (or for classification purposes, a group of related people) who have a need for financial advice and technical expertise in financial matters.
Large Businesses. Commercial operations organized and financed on a large scale. There is no formal definition of the size of a large business, although there is general agreement worldwide that such an organization will have greater than 250 employees, and quite often many thousands.
Small and Mid-Sized Businesses. Often referred to as SMEs or SMBs, these are companies whose headcount or turnover falls below certain limits. The abbreviation "SME" (small to medium enterprise) occurs commonly in the European Union and in international organizations, such as the World Bank, the United Nations, and the WTO. The term "small and medium businesses" or "SMBs" is predominantly used in the United States. The criteria for what qualifies as a “small” or “mid-sized” business varies widely from country to country and region to region. In most economies, smaller enterprises are much greater in number than large companies.
Private Companies. Also referred to as privately-held companies, unlisted companies, or close corporations, private companies are business company owned either by non-government organizations or by a relatively small number of shareholders or company members. A private company does not offer or trade its company stock to the general public on the stock market exchanges.
Public Companies. Also called publicly-traded companies, publicly-held companies or public limited companies, public companies are limited liability companies who offer their securities (stock/shares, bonds/loans) for sale to the general public, typically through a stock exchange, or through over the counter markets. Public companies, including public limited companies, can be either unlisted or listed on a stock exchange depending on their size and local legislation.
To see more specifics about which PrimeGlobal member firms serve which client types, or to find out if a particular member serves a specific sector, search the PrimeGlobal Directory.
Management & Administrative
The management & administrative group includes industries that facilitate the business of doing business. The most common management & administrative related industries served by PrimeGlobal member firms include:
Administrative. This industry comprises companies primarily engaged in providing a range of day-to-day office administrative services, such as financial planning; billing and recordkeeping; personnel; and physical distribution and logistics for others on a contract or fee basis. These companies do not provide operating staff to carry out the complete operations of a business.
Business Development. Companies in this industry are concerned with the analytical preparation of potential growth opportunities for the senior management or board of directors of the companies they serve, as well as subsequent support, monitoring, and implementation. Both in the development phase and the implementation phase, the business developer collaborates and integrates knowledge and feedback from R&D, production, marketing, and sales to assure that the organization is capable of implementing the growth opportunity successfully.
Executive Management. This industry comprises companies primarily engaged in administering, overseeing, and managing other companies, or who specialize in the placement of individuals to engage in these functions. These companies or the individuals they place normally undertake a strategic or organizational planning and decision-making role.
Human Resources. Companies in this industry provide human resources management services to business clients, sharing responsibility as a co-employer. Typical services include payroll services, benefits administration, workers' compensation services, unemployment claims management, insurance sourcing, and risk management.
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