The Financial Care Industry


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.

September 30, 2022 | 1 Minute Read
Have you ever wondered about why our industry is called ‘financial services’?
I often have.
The next question then is, “What exactly is the service that the industry delivers?”
Basically, the service is delivering a product whether it be bank accounts, loans, insurance or investments.
Needless to say, the industry has been very creative in not only creating products but also in delivering them. But in the rush to deliver these products, the industry seems to have lost its essence and has become a financial products industry. Everything is about products, products and products.
It’s time to change this because the work that we do is way beyond products and even services.
There is a good reason for this. It’s the nature of the work we do. It’s transformative. Our work impacts the financial lives of people.
Thus, we are neither a financial products industry nor a financial services industry.
We are “the financial care industry”.
Repeat after me.
We are an important part of the Financial Care industry, and we deliver outstanding financial care (not only in words but in deeds as well).
I wholeheartedly believe in this.
Do you?
Similar Post
Nano Learning
The Insane Wealth-Tech Recruitment Model
I know you know this but even then, I thought of writing this line: Within the FinTech space, our industry comes under the category of Wealth-Tech. In this Nano, I am sharing an ....Read More
4 March, 2022 | 2 Minute Read
Nano Learning
Let us learn this from a world class Brain Surgeon
Have you ever come across a Brain surgeon justifying his fee? For that matter, any surgeon. If you have, then find a Real One. The Best do not justify their fees verbally. They bel ....Read More
8 January, 2021 | 2 Minute Read
Nano Learning
The NOT To Do List
We all have To Do Lists. They are such an important part of what we do daily. They are important but an even more important one or rather a Superpower is to have a NOT To Do List. ....Read More
27 August, 2021 | 2 Minute Read
Nano Learning
Did you know this 12X Difference?
According to McKinsey’s latest US Asset Management Report, the gap in valuations between the best and the rest is 12X. Aren’t you shocked or surprised? Similar or higher diffe ....Read More
2 July, 2021 | 3 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
Interested versus Committed
Author Shane Parrish wrote, “Most people are interested. Few are truly committed. Interested people act when it’s convenient; committed people act no matter what. Interested pe ....Read More
27 September, 2024 | 1 Minute Read
- 0
- 0
0 Comments