1 minute read
conclusion / recommendations
conc usi on
I have found that it isn’t just Millennials that have insecurities about their personal finances, but people from all generations. It’s a universal, skeptical view of financial institutions and a lack of understanding finances that deter people from gaining control of their personal financial portfolio development. People need to have the ability to feel comfortable and unpressurized about their finances. There needs to be a process put in place to give people the opportunity to not only get control of their finances, but to also understand why certain decisions are the best ones for them. There needs to be a process that provides free, 24/7 access to the ideal selections for personalized financial tracks of individual users. In order to get people to want to invest in financial services, there needs to be a building of trust and a better understanding to why people should invest in giving their finances over to professionals.
Advertisement
recommendati ons
Top financial advisors would need to create the IFG process and make sure there is nothing missing. Legal fees for the process would be initially paid out by the founding members of the IFG board and paid back once revenue begins to come in from annual fees paid by participating financial institutions. President and VP positions would be voted on annually and those members would be in charge of the finances gathered from participating financial institutions and they would make sure legal fees are paid/in order and that the distribution of funds went to different charities throughout the quarters. QA/ QC checks from the IFG board should also take place quarterly, to insure the process is constantly upto-date and relevant to current economical states and social standards.
