FocusPoint Solutions often consults with advisors who want to spend more time working on their business—not in it. At the end of the day, most advisors have very little time to think about creating a plan to build business. And it's hard for them to remember things being any other way.
At some point, many advisors recognize that they cannot continue doing everything on their own. Advisors may begin to take a close look at their most time-consuming or labor intensive tasks (such as billing, reporting, trading, and/or portfolio management) to see if those activities can be effectively outsourced.
Freeing up more of your time and energy through outsourcing can be significantly beneficial, but putting your clients through any type of change involves a big decision on your part. If you're considering outsourcing, you want to choose the right partner for you (and as a result, your clients). Here are some of the opinions that many of the advisors utilizing FocusPoint Solutions share:
Advisors who work with FocusPoint Solutions have been pleased with the simplicity of our systems and the investment strategies our team can provide. Advisors find they are able to consolidate most assets into an easily manageable, streamlined, controlled fee environment—often while increasing revenue and the intrinsic value of their business.
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“It was pretty common for me to have a client with a directly held mutual fund account, a brokerage account at my IBD, a variable annuity account, and a managed account at a third-party money manager. Now you’ve got four different sets of forms, four different websites, four different 800-numbers, four different statements coming in, and so on. So from a staff - and client - standpoint, to become familiar with all of that is just impossible. We’ve now simplified everything. We have procedures and policies manuals in place, checklists, everything. And all we had to do it for was one custodian, so that was helpful. This all gives me peace of mind when I’m out of the office as well.”
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