Financial services conglomerate

A financial services conglomerate is like a big, big piggy bank that people and businesses use for their money. It's like a one-stop shop for everything money-related.

Just like how you might have different jars for your allowance, your parents might choose to use different parts of the conglomerate for different things they need to do with their money, like saving or investing it.

Basically, a conglomerate is a big company that owns lots of other companies that offer different kinds of money-related services. For example, one part of the conglomerate might have a big piggy bank for people's savings, while another part might help businesses get loans to start or grow.

That way, people and businesses don't have to go to lots of different places to do different things with their money. They can get it all done in one place, at the conglomerate.