Sign in

Ask a Question | FAQ Home |

Browse by category

If I move to a flat fee for each client, won’t I lose the ability to increase my income each year in the future after ‘I’m Done”? Should I build something in for cost of living adjustments?

Article ID: 305

Last updated: 20 Nov, 2019

I suggest that you set a fee that you can live with for at least 3 years. And, of course, you can periodically increase your fee.

« I am confused at the annual amount to charge an existing client...

How do you identify names of financial planners, money... »

Others in this category

I may have the opportunity to be introduced (by an attorney center of influence) to his expat clients in the United States. Since many of these people have multiple interests and advisors abroad, and some are only in the United States for a finite amount of time (a few years), is there a place for them under the Bachrach & Associates system? How should such [potential] clients be "handled"? (I.e. can I get their United States financial house in order exclusive of the other parts of their lives?)

Say that I want my Ideal Clients to pay me $5000 per year, ideally where does that income come from? Planning fees, AUM, insurance sales?

My friend, a CFO of local company, referred to me his mother, who just relocated to our community. He will be present at our Financial Road Map® meeting. He's a bright person, strong personality and a CPA. I have sent him a book because I would also like to do his Financial Road Map®. How do I keep control of the meeting in case he wants to interject his opinions during his mother’s Financial Road Map®?

I have conducted Financial Road Maps with a few clients approximately 1 year ago. I did NOT ask them to join my Ideal Client Community at the time as I did not feel they could afford my Predictable Minimum Annual Recurring Revenue and / or they did not have enough assets. They are currently survival clients. I would like to ask them to come in again to update their Financial Road Maps and at the same time ask them to join our ideal client community as I have more clarity around their income and feel they could now pay my Predictable Minimum Annual Recurring Revenue. How would you suggest I conduct this second meeting? For example, should I ask them to bring in all their documents again, update their Financial Road Maps, and go through commitment to hire outlining exactly what they get and what it costs to join the ideal client community and see where it goes?

Does adding the following phrase to the, "What do you do question," change the impact or sound too salesy? "I own a Values Based Financial Planning Firm. We help our clients enhance their quality of life by getting their entire financial house in perfect order and keep it that way forever.” The addition seams to add clarity to the, “What do you do,” question.

» More articles

Powered by KBPublisher (Knowledge base software)