Business of Financial Advice, The

Product Details:
Author(s):
Maree, J and
Rossini, L
Year Published:
2015
Edition
1st Edition
Type:
Print | Soft Cover
Language:
English
About this publication
This much anticipated book by the authors of the best-selling Business management for financial planners: A guide to creating a sustainable service-based financial planning business, demonstrates how, by understanding your client and using financial advice and planning as real products, you can build a best-in-class service-based business that delivers on your client’s goals and dreams.
Today’s financial advisers need to build a framework and infrastructure that will support the on-going delivery of their service proposition. They need to develop client experiences that are meaningful and relationships that last. The business of financial advice: A guide for financial advisers to building a service-based business shows how putting your clients first is good for them and for you.
“The profession of financial planning is still very much in its infancy and yet it is essential to our financial survival and well-being. The saying, “Clients don’t care how much you know until they know how much you care,” is the mantra of this work, which shows that so-called “soft skills” go a long way to building up the relationship of trust between planner and client. This publication will serve both the seasoned financial adviser or planner and the novice starting out in the field. Every skill that one needs to become and remain a trusted adviser or planner lies within the pages of this book and it is truly a must-read for those who see financial planning as a calling and a noble profession.″ Prem Govender – Chair of the South African Savings Institute and Past Chair of the Financial Planning Institute.
Content
Part I: The fundamentals of a financial advice business 
The financial adviser
Understanding the client
The business of financial advice
Compliance and the future regulatory environment
Reinventing the business
Financial advice as a service-based business
Part II: Building a sustainable financial advice business
The foundations of a service business
Identifying the right target market
Developing a service model
Service delivery
Employing the right staff
Marketing the business
The financial aspects of a business
Risk and business continuity planning
Exit and succession planning
Other important issues
Index
Interest / Benefit to
Financial advisers
Financial planners
Compliance officers
Financial institutions
Universities where financial planning courses are offered