Financial Education Financial Services Industry

Financial problems have reached epidemic proportions in our country. Financial issues contribute to a variety of troubles many people face today, from crushing debt to retirement shortfalls. This epidemic hurts individuals and communities alike.

The financial literacy movement is at a tipping point – financial service providers and other stakeholders contribute toward a global push to improve financial capabilities among the world’s citizens. You are invited to join the financial literacy movement in a way that aligns with your personal, business, and philanthropic goals.

How the Financial Services Industry Participates

Per the Consumer Financial Protection Bureau report, financial institutions spend approximately $17 billion to market consumer financial services, but less than 1% of that amount is invested in financial education.

The financial services industry participates in financial education in two main ways:

Direct Participation

$0
Annual Expenditure in Direct Participation

Passive Participation

$0
Annual Expenditure in Passive Participation

Top Participation Reasons

With the growth of robo-advisors, online advisory services and education, and EBANKS, we have seen a renewed focus among financial service professionals to build relationships and align their brands with community service. 

Sustainability is the key to long-term success and scalability of any financial education program. It is important for organizations that want to make a lasting difference in their communities to adopt a model that funds ongoing financial education programming. 

Relationships

Brand

Philanthropic

New Innovations Upgrade Program Options

Among the vast array of programs that have cropped up over the past decade, few – if any – can claim to draw upon solid empirical evidence of best practices for financial education. This failure can be attributed to a lack of experience, personnel, capital, and executable processes.

The current reality is that most financial education programs are a random mixture of resources that lack overall campaign design. Few organizations have adequate measurement systems in place, and even fewer know how to use the data. This shortcoming results in financial education programs that are short-lived, suffer from poor participation rates, and offer limited brand benefits.

But it doesn’t have to be this way.

Recent research, process, and technology breakthroughs allow individuals and organizations of all sizes to contribute in a meaningful way to promote the financial literacy movement. Even if you are just starting out, you can lay a foundation for your initiative based on available best practice data.

Common Participation Options

No matter the size or scope, we value your passion and interest in promoting financial education. Complete the short survey below to gain immediate access to your custom financial literacy presentation.

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