InvestmentNews Article: Part II: Starting a new advisory firm: How to outsource and structure your practice
When starting again, cash flow is key, but so is efficiency. That means quickly and wisely choosing what to outsource, and what to keep in-house, may be the difference between success and failure, not just today, but tomorrow, as well.
This InvestmentNews article written by our Co-Founder Scott Hanson reads:
This is the second in a three-part series detailing what I would do if I were to move to a new town and start an advisory practice from scratch.
In my first installment, on marketing, I described how an adviser should go about acquiring a steady stream of new clients, which is the lifeblood of any practice. Without an effective marketing plan, your business won’t survive.
In this installment, I want to focus on the structure of the practice, and specifically, what functions it’s best to outsource, what functions should be kept in-house and how to organize for growth.
Scott Hanson, Co-Founder, Allworth FInancial