News and Updates
Trends in Fee Billing – From the RIA Startup to the Billion Dollar Firm
Panoramix™ Industry Content Series
Welcome to the second in a series of industry content from Panoramix designed to help advisors succeed in a more challenging operating environment.
Key to the success and survival of any advisory firm are the core revenues it generates as part of its underlying operations. In the wealth management industry, advisory firms are known to be highly profitable enterprises, particularly those that charge an ongoing fee vs. a commission.
Those ongoing fee-based revenue streams are extremely valuable not only in generating current income for owners but also for building long-lasting value that can be monetized upon sale or internal succession upon retirement.
Thus, when establishing a new firm or conducting a periodic strategy review of an existing firm, industry experts all recommend a thorough analysis and benchmarking of fees and billing schedules to ensure that the firm is optimizing their revenues and ensuring a consistent cash flow.
Panoramix™ was developed by Sapphire Software Services, a custom software and business-to-business automation company founded in 2003. Sapphire brings business applications to the web, provides consulting services with the best vendors and partnerships, and offers professional development capabilities to automate business processes. Sapphire specializes in business application software development for companies in the financial services sector. For more information on Panoramix, or to schedule a live demo of the product, contact Panoramix at email@example.com. Also, go to www.panoramixfinancial.com to view an on-demand demo of Panoramix.
© 2021 Sapphire Software Services, Inc. All rights reserved.