Financial intermediaries like commingled funds, hedge funds, and real estate investment trusts carry out comparable tasks even though they are not formally set up or subject to the same regulations as investment companies.
A commercial bank, investment bank, mutual fund, or pension fund are examples of organizations that serve as the middleman between two parties in a financial transaction. Consumers as a whole gain from financial intermediaries' safety, liquidity, and economies of scale in the banking and asset management industries. Disintermediation is significantly less of a concern in other areas of finance, such as banking and insurance, even though it does threaten to abolish the financial intermediary in other areas, such as investing.
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