The Future of Finance
All our services are based upon our vision on The Future of Finance.If we were able to see through a crystal ball what the world would be like 10 years from now, we would expect financial service providers to have experienced major transformations on multiple levels.
According to our views, the most important booster of those transformations will be the global change in attitude of an increasingly critical mass of people towards finance and the economy. As well as other developments, we expect a shift in the way of thinking on the following subjects:
| Traditional thinking | New thinking |
| Wealth equals money, affluence and property (matter) | Wealth is quality of life, which can include money, affluence and property (matter) |
| Me-versus-you thinking (driven by self-interest) | All in life is connected to everything and everybody (the organization is driven by the client's best interest) |
| Change comes from the outside | Change originate from the inside out |
| Progress driven by consumerism and productivity | Progress is driven by the aspiration of happiness and welfare |
| You are what you have, what you do and what others have to say about you (behavorism) | You are autonomous (unique behavior) |
| Rationality is the director (IQ) | The Heart is director. Total intelligence (IQ + EQ + SQ) |
| Competition ('survival of the fittest’) | Shared growth (collaboration) |
| Scarcity | Abundance |
From Business-as-usual to Business-as-it-could-be
A new way in which people have started to think also changes the way companies and organizations are thinking, causing a major impact on the development of new business models. For instance, we are actively involved in the business transformations you will find below:
| Business-as-usual | Business-as-it-could-be |
| Realizing financial objectives is considered essential (highest and fastest Return on Investment is aimed for) | Return on people, expertise, excellent advice, customer satisfaction and realizing fair profit are essential |
| Short term policy, short term profits | Long term value, people are put before quarterly figures |
| Management and control (rule by fear) dominate | Accepting more uncertainties and having more confidence in the perseverance, resourcefulness and capability of employees (rule by love) |
| Profits are privatized and losses are shared socially and collectively | Profits are shared proportionally |
| The organization is a linearly complex | The organization is a cyclical, organic and complex entity in which everything is connected |
| Change by pushing people (motivation) | Change by inspiration of people (inspiration). Re-connecting people for the future in an engaging way (body, heart, mind, soul) by empowering authenticity, creativity and spirit. |
| Spreading general management knowledge and judging expertise by improper criteria | Encouraging expertise, managers know that they are talking about and can handle complexity. Moreover, they are important feelers for any movement in the market |
| Measuring quality (which makes it quantity) | Quality is made crucial (like the Guild). without wanting to measure all of it. Returning customers are a main indicator. |
The business offer of Spirit in Finance
We feel highly engaged to support (financial) organizations really to grow in trust, connection and holism.
To trust that challenging dreams and plans are feasible. With the development of the talent for enthusiasm, pleasure and acceptance (inner peace) of all that is.
To connect from the heart with yourself and others. With the development of the talent for genuinely listening and speaking, whatever the circumstances.
To work in a holistic way. To be able to discern the diversity of all the aspects in the blink of an eye. With the development of the talent to realize that everything is connected to all and everyone, without causing mood swings.
Trust, connection and holism are the most important ingredients for more authenticity and spirit within companies and organizations. Authenticity, daring to be 100% your own, what we think, say, feel, and do is the same thing in complete alignment and spirit, being empowered by heart-based living, are golden keys for those who yearn for innovative ideas about leading and living consciously in ways that will inspire and transform people, organizations and the world.
Our ideas have helped many organizations to successfully transform to a new way of working. If we still can call it work at all. Work is only work if you actual want to do something else. The most of our clients have the job they love and will never work another day in their life!
| From Present Way of Working Survival | To the New Way of 'Working' Living |
| Sales concept (focused on products, one-off relationship) | Vision driven advisory concept (focused on customers, continuous relationship) |
| bonus structure aimed at deals/power (commission, Asset under Management) | Human-orientated bonus structure (100% transparent, fee-only or hybrid) |
| Superficial relationship with the customer | Genuine relationship with the customer |
| Money, return and profit are objectives | Money, return and profit are means to realize the customer's objectives |
| establish investment profile to cover liability (duty to care derived from the law with strict rules and little room for creativity and autonomy of the consultant) | Managing investment profile to help realize customer objectives (duty to care stemmed from the mind with more room for creative solutions and autonomy of the consultant) |
| Unilateral customer approach | Holistic customer approach |
| Aimed at compliance | Duty to care is in the hands of the customer |
| Risk = standard deviation (or fluctuation of short term returns) | Risk = not reaching customer's objectives |
| Window dressing | Added value (authenticity) |
| Investments synchronized with risk profile | Investments synchronized with personal commitment (Asset Liability Management at an individual level) |
| Compliance aligned with internal organization | External duty towards the customer (heart-to-heart communication) |
| Service level, products and profit structure are basically not comprehensible | Service level, products and profit structure are 100% intelligible |
