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Business Models for Financial Advisors - Develop and articulate your unique business model - cover

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Business Models for Financial Advisors - Develop and articulate your unique business model

Christine Timms

Publisher: CT Financial Press

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Summary

Develop and Articulate Your Unique Business Model 
 
Financial advisors in all stages of their careers can benefit from a well-defined business model... even those about to retire. 
 
An advisor's deeper understanding of their own practice and who it serves best, will lead to sustainable relationships in a win-win business model. This book provides a checklist process to quickly articulate, develop and/or analyze an advisor's unique business/service model. It includes completed checklists based on the final years of Christine's practice as an example. She discusses household capacity of practices and many of the required decisions for various business model components. The handbook also provides an analytical tool and checklists to facilitate the segmentation of clientele. It discusses many choices and decisions relating to the following aspects of an advisors unique business model: 
 
Qualities of an advisor's most compatible sustainable clients 
 
Service models for:  
 
Client communication  
Investing 
Financial planning 
Tax strategies and returns  
Resources needed and suppliers 
 
How a practice charges clients 
 
Direct and indirect client costs  
 
Advisor compensation  
 
Advisor career paths 
 
Segmentation of clientele
Available since: 06/02/2021.

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