Financial service refers to the service provided by the bank and any financial institutions in a financial system. Any person who is interested in providing a proper financial service to the common people and influencing them to invest their money in different financial systems is referred to as a financial service business person. This service is usually customer-centric and it is dependent on the needs of the customers. Financial service business person responsible for touching their customers regularly and reminding them of their premium terms and also amounts. Financial service is intangible. The brand image is very important due to the highly competitive market. Therefore, financial service providers need to maintain a proper relationship with the customers regularly. This service requires a match between the demand and supply. The service providers have to supply the relevant service to the customers which they need. Financial services can be of three types such as fund based, fee-based and both. This service is customized-based. The policy is varied from one to another. Therefore, the service provider is responsible for guiding the customers to take proper service which they require. Service providers need to analyze the needs of the customers and provide the best suggestions to the customers. Any person needs some important elements which help them to build a proper financial service business. The service providers need to make a comprehensive financial strategy and also a risk management plan which is associated with the financial service. Apart from that, they are required to secure adequate funding to start their financial service and also have a proper understanding of the finance industry including market trends, regulations and best practices.
