How do you find new clients? (out of 100%) · Print and digital advertising/marketing efforts: 8.5%
· Referrals from professional sources (other advisors, broker deals, custodians, or banks): 17.5%
· Referrals from personal sources (clients, family, or friends): 50.9%
· Seminars, cold calling, advertising, and digital marketing: 19.3%
Please rank your growth metrics by priority:
What are your growth expectations for your assets under management (AUM) for the next 6 months?
What are your growth expectations for your number of clients for the next 6 months?
How are you currently performing in these areas?
· New client acquisition
· Hiring and managing staff
· Managing advisor capacity
· Incorporating/managing technology needs
· Compliance and regulatory responsibilities
On average, how many hours per week do you spend in each area?
· Business development: 9.0
· Investment management: 5.5
· Administrative: 4.2
· Professional development: 3.2
· Management and other: 4.7
· Direct Client Activity: 26.7
· Meeting with current clients: 8.8
· Meeting prep: 5.3
· Planning analysis: 6.6
· Client servicing tasks: 6.0