Wisdom from the Web A new year and the chance to shake up your business and start moving in the right direction for success. For our FP Advance social media channels we hunt down content that is indispensable, eye-opening and thought-provoking, sharing links from some of the best and brightest …
The three key levers There are some business basics that, if neglected, can hold you back for years and years. Some firms think they’ve got these areas under control, but my experience is that’s not the case. A quick review of your financials will confirm or deny that for you. …
Streamlining Your Annual Planning Meetings Incorporating cashflow modelling into the heart of the financial planning process is an approach that all good firms have adopted. However, many of them have over-complicated this process by doing too much preparation before getting together with a client for the annual planning meeting. In …
How much should you charge for the ongoing advice fee? For conducting reviews, providing information and updating your advice whenever required. Good advisers can justify charging 1% pa of assets under management. Not 0.5% pa which seems to be the norm. Please note, I said good advisers. That means advisers that add …
…so you need to tangibly demonstrate your worth to them, both visually and in monetary terms. The opportunity to do this will usually arise at your annual review meetings, where there are just two simple things you need to get right: 1. ‘Show’ the client that everything is going to …