Historically, financial advisory firms faced significant challenges in implementing and scaling fee-for-service financial planning due to the complexities of management and compliance associated with fee-for-service billing. This limitation resulted in...
Topics: Compliance, Retainer Model, Practice Management, User Experience, Fee-For-Service, Enterprise
The economic challenges of 2022 combined with the rapid increase of inflation and interest rates motivated clients to seek out more than just investment management services from financial professionals. People not only want real financial planning, they ...
Topics: Compliance, Retainer Model, Practice Management, User Experience, Fee-For-Service, Enterprise
Stock market declines are a part of the long-term investing process, and unfortunately, nobody can consistently predict when and by how much the next significant drawdown will be.
Financial professionals encourage long-term investors with prudent advice...
Topics: Compliance, Retainer Model, Practice Management, User Experience, Fee-For-Service, Enterprise
The adoption of the fee-for-service financial planning model is changing the dynamics of business operations inside wealth management firms. As low-cost online automated investment services have increased competition for portfolio management and asset...
Topics: Compliance, Retainer Model, Practice Management, User Experience, Fee-For-Service, Enterprise
The financial services industry is constantly evolving, and one of the evolutions underway right now is the rapid growth of the fee-for-service financial planning business model. For more than 80 years, financial professionals have been charging clients...
Topics: Compliance, Retainer Model, Practice Management, User Experience, Fee-For-Service, Enterprise
Powered by innovative technologies, the financial planning business model is rapidly evolving into a sustainable fee-based revenue stream.
The financial services enterprise companies that have already empowered their advisors to implement the latest...
Topics: Compliance, Retainer Model, Practice Management, Fee-For-Service, Enterprise
As your firm introduces fee-for-service financial planning to your clients, you may be considering a variety of services to offer that align with your areas of expertise as well as the interests of clients. This overlap is known as the product-market...
Topics: Compliance, Retainer Model, Practice Management, User Experience, Fee-For-Service, Enterprise
The financial planning business model is swiftly evolving. Gone are the days of when it was a time-consuming and complex loss-leader! In 2021 it is now being powered by advanced technology to become a highly lucrative fee-based revenue stream.
Topics: Compliance, Retainer Model, Practice Management, Fee-For-Service
Imagine this: a new prospect reaches out to you after their parents pass away. They need massive guidance to make big financial decisions about the forthcoming addition to their nest egg. They’re likely stressed, uneager to share details of their...
Topics: Retainer Model, Practice Management
Here’s a fun paradox for the financial advisor — while you spend your entire day planning other people’s finances, your own billing systems are some of the most challenging parts of your job. Like the therapist who is the most challenging client for...
Topics: Compliance, Retainer Model