Advisor Business Management Dashboard – Efficiency

[Part 1] EFFICIENCY + Repeatability + Scalability = Profitability 

Can you imagine doubling, tripling, or even quadrupling your advisory firm’s profitability? In a time of fee compression and shrinking margins, it seems that the only direction compensation is going is down. However, increasing your firm’s efficiency, repeatability, and scalability is the secret recipe to boosting profitability. In this special four-part article series, we are going to share how retirement plan advisors can achieve greater profitability.

Efficiency

Efficiency is the power to achieve more by doing less; and as a society, we have become much more efficient. For example, take a look at how you used to purchase office supplies. In years past, many of us would shop at our local office supply store. We got into our cars, drove to the store, wandered the aisles to find pens, paper, and ink cartridges; then we would wait in line to make the purchase, go through the transaction process, and drive back to resume our day… all the while wasting precious time.

Today, however, we order online through Amazon. With the one-click ease of the painless Prime experience, we search, find and, in no time, have our order. This integrated process is highly efficient.

When you take a moment to step back and think about the two simple tasks, one thing becomes immediately evident – time.

Your Time is Valuable

Now let’s look at your business. Are all aspects running at optimum efficiency? Are some areas in need of improvement?

For example, when gathering information for a retirement plan committee meeting, how many different data sources are you logging onto? Then once inside these web portals, how many clicks does it take to get the information you need? After finding it, are you (or a team member) manually retyping that information into another technology tool?

If you’re using the traditional method of gathering information to create a retirement plan client report, you are likely missing out on a more streamlined process. You may benefit from leveraging modern tools to seamlessly search, find, and one-click generate important reports.

All of these steps are time consuming and prone to accidental human error; each manual hour is incurring a cost to your company’s bottom line, and, ultimately, its profitability.

Excited to Announce Fiduciary Decisions’ New Advisor Business Management Dashboard

What if there was an Amazon way? A modern interface that integrates your retirement plan advisory tools across all platforms and seamlessly connects your plan data to an executive level dashboard? Then, with a very limited number of clicks, all the data is available, present, and accurate. Gone are the days of multiple logins. It’s all there and ready for your one-click report command.

As the retirement plan industry continues to advance with efficient technology and data aggregation, we would like to announce a new tool – Fiduciary Decisions’ new Business Management dashboard. It’s an aggregator tool that shows all your data is in one place.

Contact us today to preview the Business Management Dashboard and learn how it can increase your efficiency, repeatability, scalability and – profitability.