Recently Released!!!
Date Published: September 13, 2015
Summary Power Point Deck: 60 Slides
Reference Power Point Deck: 534 Slides

The purpose of this research is to provide readers with an understanding of the specific business practices of fee-based financial advisors (RIAs), the fastest growing financial services market or distribution channel. Information on this market has been scarce and vendors continue to struggle with how to offer value-added services. What products & services do fee-based financial advisors use? What custodians and technology do they use? How do they market to their clients? What are their profit margins? This research provides an in-depth look at how fee-based financial advisors manage their businesses and identifies key opportunities for vendors seeking to serve this market. Parallel research published by Tiburon addresses this market in a top-down way, outlining the size of the fee-based financial advisors market. This research goes a step further and specifically utilizes detailed survey data from Tiburon’s 35 question fee-based financial advisor benchmarking survey at www.FABestPractices.Com (soon to change) to identify the product usage, business models, & best practices of leading fee-based financial advisors.

This research addresses six areas of fee-based financial advisors practices, including:

• Business Background & Industry Position
  
• Clients & Marketing Strategies
  
• Investment & Insurance Products Used
  
• Back Office Processes & Technology Use
  
• Business Economics
  
• Business Policies & Industry Views
  

This research supports five best practices for fee-based financial advisors, including:

• Determine Clear Target Markets
• Choose Product & Service Offers to Support Chosen Target Markets
• Develop Appropriate Marketing Methodologies
• Build the Necessary Support Infrastructure
• Define Business Goals & Develop Written Plans

And this research concludes with vendor feedback & tips for better serving fee-based financial advisors, including:

• Custodian Satisfaction Ratings
• Mutual Fund Company Satisfaction Ratings
• Other Vendor Satisfaction Ratings
• Strategic Value Added Opportunities