In this 1 Minute Q&A, Todd Doherty, one of our M&A Experts answers the question: What are some trends you are seeing in Financial Advisor Succession?

Our Complete Practice Management Solution

 

Our Complete Practice Management Solution the very backbone of our success in helping financial advisors grow their businesses and was designed for practices that benefit from ongoing accountability, support, and adaptation. This comprehensive solution gives you the tools and help you need to bring out the best in your team to create a more effective and successful financial advisory practice. In turn, you add tremendous value to your clients who benefit from higher levels of service, organized systems, and complete follow through and accountability.

 

Make your practice into the finely oiled machine you've always wanted

 

The goals of our Complete Practice Management Solution include:

•Ensuring that all advisors in the practice are spending their time on high-value activities
•Acclimating clients to a repeating schedule so they know what to expect and when
•Sealing the cracks so no promise made to a client goes unfulfilled
•Breaking down a practice into definable, repeatable action steps
•Creating clear expectations so everyone is working together
•Finding untapped potential within your team to utilize the natural skillsets of your personnel
•Carving out time for regular, productive internal communication
•Creating a centralized place to record notes and share items so everyone is on the same page
•Setting team goals so the practice operates in a 'proactive' rather than 'reactive' manner
•Handling conflicts, problems, and unforeseen issues as they arise in a non-disruptive manner
•and more...

 

Key Areas Addressed

  • Vision & Foundation
  • Team Management
  • The Client Experience
  • Business Management

Service Provided

The Complete Practice Management Solution includes:

•Individual weekly meetings with team members
•Regular communication meetings with the team
•Customized model work weeks for each team member
•Defining each person's roles and responsibilities
•Staff training and accountability
•Tracking and documenting systems
•Tools to track and deliver financial plans
•Implementation of a client service policy
•Access and Training on our KMG Proprietary practice management software - KONECTâ„¢
•Regular educational webinars

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Konect™ Informational Video

Parties Involved

Advisor (Business Owner), Team Members, and Practice Management Coach

Our base package include weekly meetings with up to four team members

Frequency & Duration

This is a minimum 12-month contract

Onboarding process, which includes an onsite visit from your coach at your location (1-3 days)

Meeting: Individual weekly 1:1s with team members through web conferencing

A productive team all singing from the same sheet of music

 

The most common way that advisors describe the outcome of our Complete Practice Management Solution is by saying: "we were finally all singing from the same sheet of music." Every person in your practice will have a defined role and clear responsibilities. Every item and system in your practice will have a distinct purpose and place. Your client meetings will be more productive with excellent follow through and a world-class level of service.

 

At the onset of the engagement, we work with you do define the goals for your practice through our extensive intake process. We regularly revisit these goals to ensure that the new systems and tools are accelerating your path to success.

Cost: $2,500 - $3,500/month

Price includes weekly coaching for up to four team members + $300/month for each additional team member

We custom-tailor our plans for each individual practice. To learn more about this service for your own practice, please contact us:

After learning more about your specific situation, we will provide you with recommendations for service and a formal written quote as well as our terms for engagement.