IFA business health tool launched

clock

Determining profit and revenue per client and per adviser are just some of the functions available to firm owners via a tool launched this week.

FP Advance says its Business Fitness Report enables firms to benchmark their "business health" against that of their competitors. According to the transition planner, owners, or principals, will be able to see what good performance "looks like", which areas are holding the firm back and where the business is likely to generate the most improvement. "Understanding the drivers of a business takes years of hard work and experience," FP Advance chief executive Brett Davidson says. "But with this tool all you need is an internet connection. "It will provide information and ideas to help yo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Technology

'Get started now': Putting AI to work in financial advice firms

'Get started now': Putting AI to work in financial advice firms

'Dive in so you can learn and grow together'

Stu Breyer
clock 24 April 2024 • 4 min read
Utilising clean data to power business decision-making

Utilising clean data to power business decision-making

In 2023 120 zettabytes of data was transacted globally

Abhishek Vethanayagam
clock 24 April 2024 • 3 min read
Woven Advice closes SEIS fundraising for data management solutions

Woven Advice closes SEIS fundraising for data management solutions

‘Advisers are held back by the quality of their data and their inability to fix it’

Hope Coumbe
clock 23 April 2024 • 1 min read