Riverspan Partners’ Post

One of my biggest learnings from successful advisors: the importance of building a scalable process within your practice. Join us on Wednesday, January 24th to hear how Samuel S. Deane, MBA, is leveraging Wealthbox integration and workflows to implement estate planning into his practice. Registration link in the comments - see you there!

What Clients Really Want from Professional Firms When it comes to choosing professional firms, clients know exactly what they want. Spoiler: It’s more than just expertise. Let’s dive into the funky world of client expectations from professional firms! 1. Clear Communication 📞 Clients crave no nonsense, crystal clear communication. Forget the jargon and tech speak; they want insights served up fresh and simple. Clear updates = happy clients. 2. Tailored Solutions 🎯 Cookie cutter solutions? No, thanks! Clients are all about those personalized strategies. Whether it’s spicing up financial processes or dodging regulatory pitfalls, bespoke is the way to go. 3. Proactive Advice 🌟 Clients adore firms that have a sixth sense for spotting issues before they hit. Proactive, trend-savvy advice is like gold dust, keeping clients ahead of the curve and stress-free. 4. Reliability and Consistency 🕰️ Flakiness is out. Clients demand firms that are rock solid reliable. Meeting deadlines, keeping promises and delivering consistent quality are non-negotiables. 5. Innovative Solutions 🚀 In this digital age, clients want the cool, cutting edge stuff. Firms that bring the latest tech and innovative solutions to the table are total game-changers. 6. Strong Relationships 🤝 It’s all about those vibes! Clients appreciate firms that genuinely get to know them and their goals. Building strong, personal connections is the secret sauce for trust and loyalty. 7. Transparent Fees 💼 Mystery fees? No way! Clients prefer everything upfront and transparent. Clear pricing means no surprises and smooth sailing all the way. 8. Expertise and Experience 📚 Clients are on the lookout for firms with serious cred. Expertise, industry know-how, and a killer track record are essential for gaining their trust and business. Clients want more than just services; they want partners who understand their needs, provide funky and innovative solutions and communicate like pros. Nail these, and you’ll be the rockstar firm every client dreams of!

JOIN THE BUSINESS EXIT ADVISOR NETWORK (BEAN) - YYC IN-PERSON MEETUP ON MARCH 5 @ 5PM - GROW YOUR PROFESSIONAL SERVICES BY QUARTERBACKING YOUR CLIENT'S BUSINESS EXIT ADVISOR TEAM FOR THEM (If registration says the event is sold out, please attend regardless as the venue can accommodate more people) THE BUSINESS EXIT ADVISOR NETWORK (BEAN) - BEAN is for anyone (i.e. accountants, lawyers, tax specialists, brokers, bankers, personal financial planners, M&A advisors, consultants, etc.) who are trusted advisors for business owners. Every business owner deserves a maximum-value exit, but only 1 in 20 succeed. A successful transition takes a great advisory team to ensure owners have the personal & financial legacy they truly desire. Effectively, you want to do everything you can to better serve your clients, which makes you the natural quarterback for an Exit Advisor Team. The most value you can provide to your business owner clients is to quarterback their exit advisor team FOR THEM. If they could have, they already would have. BEAN is where you can find the people, processes, tools and resources you need to better serve your client's transition needs. Think of it as a virtual bench of collaborative trusted business advisors, with every sort of expertise, whom you can recruit for your teams. Together we can give business owners the right advice & support at the right time to ensure their success. Join us in sharing expertise & building our networks through active, engaging discussion on where we all fit & how we can create more value for each other by participating as part of an exit/transition/deal-making advisory team. In this in-person meetup we will have small group discussions to explore: 1) The Business Exit/Transition Timeline & Value Chain 2) Your Role & Opportunities to Better Serve Your Clients by Quarterbacking Their Exit Advisory Team 3) How Others Fit in the Advisory Team & Potential Synergies 4) How We Can Work Together to Collaboratively Grow our Businesses If you can't make the meeting, join the BEAN-YYC LinkedIn Group @ https://lnkd.in/gFB7QK2y to stay connected. https://lnkd.in/giqUCVJb

Our Foundational Insights Framework starts with a complimentary consultation call. Here's what you can expect: → Discuss your current challenges: We'll listen attentively to understand your practice's specific financial hurdles. → Outline your goals: Share your vision for the future of your practice, both financially and strategically. → Explore our approach: Learn about our process, how we work with clients and our fee structure. → Get clear expectations: We'll discuss what you can expect from partnering with Trevino. Finding the right fit is crucial. The consultation call lets us assess if Trevino's expertise aligns perfectly with your practice's needs. Ready to take the first step? Schedule your free consultation today! . . . . . . . 🔗 https://lnkd.in/gqzK36M7 ☎️ (678) 999 7372 📨 [email protected] #cfoservices #outsourcedcfo #medicalcfo #services #cfo #consulting #financialmanagement #professioanlservices

We're now moving upmarket, looking at RIAs between $5 and $10B in AUM. Here too, firms are diverse in strategies and approaches across private and public markets. Once again, there's definitely an in-house CCO and probably even a second member of the compliance team. This is often where risks emerge due to multiple people involved in the marketing review process. These firms lack a robust books and records workflow. While their compliance reviews are generally more robust due to having a dedicated colleague, the high volume of work creates challenges. It becomes easy for them to lose track of final documents or exactly what was sent to whom. Meanwhile, senior front office colleagues regularly send out decks that weren't approved. All of that poses risks, driving the need for automation. For these types of firms, we've built a custom workflow and report builder to track what pieces contain, when they're sent, and to whom. It's saving hours a week, and tens of hours during an SEC exam.

Unlock success with effective governance. Dive into our recent blog to understand the keys to good governance and why it's essential for your organisation. #GoodGovernance #ReadNow

Unlock success with effective governance. Dive into our recent blog to understand the keys to good governance and why it's essential for your organisation. #GoodGovernance #ReadNow

Financial professionals: 📖 It’s here! We’re thrilled the Your Thriving Practice print magazine is out in the world and ready to be enjoyed by financial professionals everywhere. The print version of Your Thriving Practice features the actionable insights, expert analysis, and practice management tips you’ve come to expect — all in a beautifully designed layout. Not subscribed yet? Click the link below to get your hands on a FREE copy. https://lnkd.in/eDDhZ-aM   #GlobalAtlantic #YourThrivingPractice #FinancialProfessionals

Attention small business owners! The Corporate Transparency Act now requires businesses with less than $5 million in revenue and fewer than 20 employees to register with the federal government. Vistage Worldwide, Inc. created a comprehensive resource to help you navigate this new rule like a pro and avoid potential steep fines. https://lnkd.in/eWcW39j8 ❔ Are you clear what you need to do to be in compliance? #CEO #SmallBusiness #CorporateTransparencyAct

Want to grow your business? The inaugural edition is chock full of actionable, bite-sized ideas. For even more, go to yourthrivingpractice.com