Analyse, evaluate and improve your business
Having shared this information with your clients, it follows to ensure that your business is well positioned to serve them during this time, into recovery and beyond. An assessment could cover many aspects. These might include looking at how to generate new revenue streams, increase efficiency, ensure regulatory compliance, refresh your brand, expand your client base or set out exit and succession plans. Core to many of these will be considering whether your current centralised investment proposition is adding value to your business.
Plan now for future success
As one of the few investment firms that chooses not to have in-house advisers, we are purely dedicated to serving the adviser market. So, we have the expertise and capacity to make the most of the opportunity presented by lockdown. We know that now is the time to provide advisers with the extra support they need to reconfigure their businesses.
However, in partnering with advisers, we recognise that making plans during such an uncertain time isn’t easy. Just as it will be uncomfortable for clients to remain invested, some advisers may find it difficult to map out plans when the road ahead is so unclear. Yet planning is essential in order to ensure that adviser businesses don’t just recover but can grow and sustain growth over time. Looking into potential new areas and possible new connections, or making other preparations, can serve advisers well at this point.
Our values of ‘adapt’, ‘evolve’ and ‘thrive’ have enabled us to weather many changes in the market, often turning them to our advantage.
We are continuing to expand our capabilities in order that we can offer more advisers more opportunities to grow their client base and business, starting in lockdown.
