One of Advisely's main objectives is to help financial advice practices be more efficient, particularly in the production and implementation of advice as well as the management of ongoing client relationships.
As the Advisely Index demonstrates, software plays a very important role here. But it's just one part of the efficiency puzzle; tech, by itself, won't propel you to the highest ranks.
So: what are seven efficiency tips that don't involve tech?
1: Understand the multiplier effect
Sometimes, small numbers count. Say, for example, you can save 10 minutes on a task in the advice process for existing clients. That’s 10 minutes for every client who has a review.
Now, let’s say the business has 250 reviews per year – that means 2,500 minutes is saved. That's 42 hours, or one working week. Imagine a staff member having an extra week to undertake a project or review more clients!
Tip: Undergo a regular process review for both new client onboarding and existing client servicing. Even a small improvement in an often repeated task can save a lot of time over a year.
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Updated 4 months ago
Version 5.0
Tony.Stephens
Advisely Team
Advisely Team
