Hourly Rates for Financial Consultants: How Much Is Your Time Worth?

Posted by Greg Gohr, AIF

July 2, 2014 at 1:30 PM

hourly rates for financial consultantsIn an ordinary year, you have about 2,000 working hours available to get everything done. That's it. Ensuring that each of those hours is as profitable as possible is critical to growing and sustaining your business.

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Topics: Pricing Your Business

Mitigate the Effects of Fee Compression with These 4 Best Practices

Posted by Brian Lampron, AIF

July 1, 2014 at 10:00 AM

Advisors often associate the idea of fee compression with a reduction in their AUM fees. If you haven't changed your fee percentage in years, you may assume that this isn't a threat to your profitability. But the reality is that the potential for fee compression exists in many aspects of your business. It can manifest itself from the types of clients you work with, your time management habits, and whether or not you outsource or delegate certain tasks.

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Topics: Pricing Your Business

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