Providing clients a professionally prepared comprehensive financial plan not only establishes a foundation to your advisory relationship, but also provides insight into the client's goals and needs, creates another revenue stream that is exclusive of assets under management, and positions you as the primary advisor for their entire estate.
The Investment Advisor Alliance has developed a business model that efficiently allows advisors to outsource back office activities so they may spend more of that time serving their clients and prospecting to grow their business.
Outsourced planning benefits your practice by having access to an expert, providing unbiased advice to you and your clients in a collaborative manner. This brings you and the planner together to serve your client's interests, no matter their need. We handle the simplest of plans to complex retirement, estate, and distribution planning.
Having such expertise on call for various levels of support including consulting, complete plan design, and plan updates adds a dimension to your practice that may have been missing. All this benefits the advisor by reducing workloads and time working on the computer away from clients, increases revenues, profitability, and growth, and positions you as the center of influence as a wealth manager in your clients' lives. The clients benefit from having greater access to their advisor, receiving multiple points of view regarding their finances, and expert advice.
All documents between the advisor and planner are securely transmitted through The Investment Advisor Alliance's DSP portal making the utilization of the outsourced planning an easy process integrated into the normal workflow.