About Us
FP Advance helps advisers transition to a more effective, profitable, and sustainable business model in a way that is easily explained to their clients.
What do FP Advance do?
The emphasis is on the HOW TO, so we provide lots of tools and templates that help advisers implement change in their business; it’s not just theory.
Some of our practical tools include ways to:
- Develop a pricing strategy tailored to your business
- Segment your clients effectively
- Design a service standard
- Create a total business system
- Market your business professionally
- Streamline your sales process
- Establish partnerships with professional connections
- Make compliance a marketing tool, not a burden
History
FP Advance was founded by Brett Davidson.
Prior to departing Australia, Brett was a partner in the boutique financial planning firm Profile Financial Services which continues to operate today. Profile was taken from a commission based insurance and pensions business, and transformed over a period of several years into a leading example of the modern fee based advisory practice.
Brett's transition process saw:
- Client numbers drop from over 3000 to 250
- Average revenue per client increase from less than $100 to over $4,000 (per client per annum)
- Recurring fee based income for the practice increase from $250,000 to over $1,000,000 per annum
- 'A' class clients paying between $15,000 - $40,000 per annum for advice
- A series of successful joint ventures with accountants
- Development of Profile’s unique business system, “The Profile Partnering System”
The business principles that facilitated this transformation are generic and can be applied to any professional services business.
