Cost cuts: Five ways to streamline your business

clock

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...

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 Adviser tips

Editor's View: The week we have all been waiting for...manifestos!

Editor's View: The week we have all been waiting for...manifestos!

The editor's Friday Night Takeaway from 14 June

Hope Coumbe
clock 14 June 2024 • 1 min read
Deputy Editor's View: Will technology truly bridge the advice gap?

Deputy Editor's View: Will technology truly bridge the advice gap?

The deputy editor's Friday Night Takeaway from 7 June

Jenna Brown
clock 07 June 2024 • 1 min read
Everything clients need to know about the 'Bank of Mum and Dad'

Everything clients need to know about the 'Bank of Mum and Dad'

Lawyer John E Jones explores the issues clients may face when acting as the 'Bank of Mum and Dad'...

John E Jones
clock 04 June 2024 • 4 min read