Cost cuts: Five ways to streamline your business

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With markets and regulators putting fresh pressure on firms, Professional Adviser asked advisers how to run a tight ship without compromising revenues.

Guess how long it’s been since the most recent market crash? If we take Lehman Brothers’ bankruptcy as the official start – if not the only cause of – the crunch, it has been a staggering 1,150-odd days. That’s more than three years of consumer anxiety and doubts about the reliability of the financial services sector. This nervousness has impacted financial advice business, many of which have been forced to look for cheaper alternatives to standard business practice to keep the business healthy. Here are five ways some have done just that...

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