The Awkward Middle of Building a Wealth Practice
Amar Pandit
A respected entrepreneur with 25+ years of Experience, Amar Pandit is the Founder of several companies that are making a Happy difference in the lives of people. He is currently the Founder of Happyness Factory, a world-class online investment & goal-based financial planning platform through which he aims to help every Indian family save and invest wisely. He is very passionate about spreading financial literacy and is the author of 4 bestselling books (+ 2 more to release in 2020), 8 Sketch Books, Board Game and 700 + columns.
January 23, 2026 | 2 Minute Read
Change in a wealth practice rarely looks neat.
It often feels like two steps forward and one step backward.
You hire someone promising, but productivity dips before it rises.
You invest in process, and for a while, everything feels slower, not faster.
You collaborate with a platform to build scale, but integration feels harder before it feels helpful.
Many MFDs misread this phase.
They assume something is wrong.
They assume the change is not working.
They assume they should go back to what felt comfortable.
That is the mistake.
Progress in a real business is not linear.
It is lumpy.
It is uncomfortable.
It tests your patience before it rewards your conviction.
When you move from a founder-dependent practice to a team-driven one, things will wobble.
When you raise your standards for clients, some relationships will fall away.
When you redesign client experience, execution will feel messy before it feels magical.
This does not mean you are failing.
It means you are building something real.
Most average practices stay average because they mistake temporary discomfort for permanent damage.
World-class practices push through because they understand one simple truth.
Backward moments are often part of forward motion.
If you zoom out, the direction matters more than the daily movement.
If your decisions are aligned with long-term quality, better clients, stronger systems, and a healthier life, then short-term friction is the price of progress.
Ask yourself better questions.
Is this change aligned with the kind of practice I want five years from now?
Is this discomfort coming from growth or from avoidance?
Am I optimizing for ease today or strength tomorrow?
Excellence is built by people who can tolerate the awkward middle.
The phase where nothing feels settled, but everything is being reshaped.
Two steps forward and one step backward is still progress.
Only if you keep walking.
Similar Post
Nano Learning
Are you Limitless or Limited?
Jim Kwik in his book “Limitless” writes “one of the only infinite resources in this world is Human Potential. Almost everything else is finite, but the human mind is the ulti ....
Read More
11 December, 2020 | Minute Read
Nano Learning
The 4 Different Types of IFA Technology
As you can see in the Sketch above, there are 4 Types of Technology that an IFA can implement. Most have focused on Technology for Operations, Client Servicing and Practice Managem ....
Read More
21 August, 2020 | 3 Minute Read
Nano Learning
The Crying Babies
What did you make of this headline? See any connection?
Ok. Let me spill the beans.
The headline actually is a metaphor to explain a powerful concept.
Let me ask you this qu ....
Read More
25 November, 2022 | 2 Minute Read
Nano Learning
Collect or Connect Dots
Isn’t this visual super powerful?
The creator of the above sketch, David Perell wrote, “Read to collect the dots, write to connect them.”
While writing is an amazing way to ....
Read More
5 April, 2024 | 2 Minute Read
Nano Learning
The Demonstration of our Value
I was addressing a group of US RIAs last week on the HappyRich concept. One of the questions that came up was around the value of a financial professional. I thought my response wi ....
Read More
28 May, 2021 | 3 Minute Read
Nano Learning
The Cost No One Talks About
On Tuesday, I wrote about what I believe is one of the most expensive sentences in business.
"I am the only one who can do this."
Many of you wrote back saying, "That's me."
Today ....
Read More
26 June, 2026 | 2 Minute Read



- 0
- 0
0 Comments