Financial Adviser Client Segmentation Tool - Free Edition Now Available
NOTE: Feb 14, 2024 - We have added a ‘free edition’. This edition is the ‘Just Play’ dashboard, which is attached to the full suite of dashboards and available to members.
The free version is easy to operate and much of what is in the original post and video clip below, is used in the free version.
Original Post
Managing clients effectively is the most critical element of running a financial planning practice. Finding the balance between time and revenue is ever-changing, with small changes per client having a significant effect on profitability and business valuations.
Clients that may have been profitable just a short time ago, could now be unrealistic to maintain and may be subsidised by a small portion of high value ‘A’ clients. This could also be your time to reimagine what your an ideal client base should look like and become your ‘vision’ for the future of your practice.
To address this, we are thrilled to introduce our revolutionary 'Financial Advisers Client Segmentation Tool,' designed to empower financial advisers.
Understanding the Tool
Our tool allows financial advisers to segment their clients into between two and four categories: A, B, C, and D. Clients in category A represent the highest revenue clients, followed by B, C, and D in descending order. But it doesn't stop there. Advisers can also input the average time they spend with clients in each segment, as well as the number of clients within each category.
Fine-Tuning Your Client Base
What sets our tool apart is its ability to analyse the impact of changes in client distribution. With just a few clicks, advisers can adjust the number of clients per segment, along with new revenue and time allocations. The tool generates insightful charts that visually represent how these changes affect the overall client base.
The Power of Optimisation
Optimisation is the key objective here. Advisers can experiment with different client allocations to find the sweet spot that maximises revenue, minimises time spent, and ultimately leads to more efficient business. It's like having a virtual consultant by your side, helping you make data-driven decisions.
Benefits at a Glance
Enhanced Revenue: Identify which client segments contribute the most to your revenue as a whole and by the hour, and focus your efforts accordingly.
Time Efficiency: Streamline your workflow by allocating your time more effectively to the right clients segments
Data-Driven Decisions: Make informed choices based on real-time data and visual insights.
Continuous Improvement: Regularly fine-tune your client distribution to adapt to changing circumstances.
Conclusion
In the world of wealth management, precision and data-driven decision-making are paramount. Our 'Financial Advisers Client Segmentation Tool' equips financial advisers with the means to optimise their client base like never before. Say goodbye to guesswork and clunky spreadsheets and hello to a more prosperous future.
Stay ahead of the curve and give your financial advising practice the competitive edge it deserves. Try our tool today and unlock the potential of your client base.
The full Financial Adviser Client Segmentation Tool is currently available in our Members Lounge. At time of writing, a discount of 50% for the first month’s membership, given you access to this tool and a lot more for a mere $42.50. There are no ‘lock in’ number of months to be subscribed. To subscribe, complete the form below the video and enter the promo code 50%MONTH1
The short video below demonstrates how the tool works.
For 50% off the first month, enter the Promotional Code 50%MONTH1 when asked during the sign up process
Enter promo code 50%MONTH1 for 50% discount on first month Selecting 'YEARLY' cost is only $950
