Advice Intelligence

Calculate your cost benefit by utilising a.i.

Growth efficiency calculator

Tell us about your practice

What is your vision statement?

Your goals

Rate your goals in order of importance?

Your adviser team

How many financial advisers do you have?

0
1000

Your paraplanner team

How many paraplanners do you have?

0
1000

Your support team

How many admin support do you have?

0
1000

SOA's

How many SOAs do you produce per month? (You cannot enter 0)

0
1000

Fact-find completion

At what rate do your prospects fall out of the fact-find step? (roughly)

%
0%
100%
* Enter baseline percentage or - use Industry benchmark  

Client engagement

How engaged are your clients in your advice experience from meeting to SOA? DYK 45% of consumers want to "do with" their adviser, with more knowledge. 67% of consumers don't read their SOA & are confused by it. CoreData

%
0%
100%
* Enter baseline percentage or - use Industry benchmark  

Client engagement

Client experience & engagement

* Enter baseline percentage or - use Industry benchmark  

Client engagement

What percentage of your time is spent effectively in front of clients? DYK admin and compliance make up 29.9% of an adviser’s time. CoreData

%
0%
100%
* Enter baseline percentage or - use Industry benchmark  

Paraplanning

Do you use paraplanning outsourcing?

Yes
No

Paraplanning

Dollar amount

Cost for Single Strategy SOA
Cost for 3 Strategy SOA
Cost for 5+ Strategy SOA
* Enter baseline percentage or - use Industry benchmark  

Paraplanning

What is the average time to produce a Basic (single strategy) SOA
Assumptions: Client fact find and paraplanning request are complete.

 
Hours
Rate
Adviser
Paraplanner
Admin
* Enter baseline percentage or - use Industry benchmark  

Paraplanning

What is the average time to produce a Standard (3-5 strategy) SOA
Assumptions: Client fact find and paraplanning request are complete.

 
Hours
Adviser
Paraplanner
Admin
* Enter baseline percentage or - use Industry benchmark  

What is the average time to produce a Comprehensive (5+ strategy) SOA

Assumptions: Client fact find and paraplanning request are complete.

 
Hours
Adviser
Paraplanner
Admin
* Enter baseline percentage or - use Industry benchmark  

Client reviews

What is the average time to prepare a client review (track goals, cashflow, portfolio, super and investments)

Hours
Rate
* Enter baseline percentage or - use Industry benchmark  

Please provide your name and email address to save your results (please note: gmail addresses are blocked)

Your Practice Efficiency Report can then be viewed and revisited

Practice efficiency report

This report provides you with a Practice Efficiency score across each area within your advice process. It identifies where you may have inefficiencies and how a.i. may help you lower your advice costs and scale for growth.

Your vision statement

About your practice

0
Advisers
0
Paraplanners
0
Support staff
0
SOAs per month

Your practice goals

1. Growth.  2. Efficiency.  3. Client engagement

Practice efficiency results

Client data collection

 
Your benchmark
Advice Intelligence benchmark
Efficiency optimisation
Average fall-out rate for clients completing a fact-find
14%
5%
9%
9% increase in client engagement to complete a fact-find

Client engagement

 
Your benchmark
Advice Intelligence benchmark
Efficiency optimisation
Initial meeting client conversion rate
12%
38%
26%
26% increase in client conversion
CSAT: Your client advice experience rating.
(1. Very unsatisfied 2. Unsatisfied 3. Neutral 4. Satisfied 5.Very Satisfied)
4
5
1
1 point gain in your CSAT score
NPS: Likelihood of your client recommending your practice.
(1 very unlikely - 10 highly likely)
3
7
4
4 point gain in your NPS score
Average adviser-client face time per week (client facing vs admin)
24%
70%
46%
46% increase in adviser-client facing time

Paraplanning

 
Your benchmark
Advice Intelligence benchmark
Efficiency optimisation
Cost of a single strategy SOA
$205
$35
$170
$170 saving for a single strategy SOA*
Cost of a 3 strategy SOA
$375
$53
$323
$323 saving for a 3 strategy SOA*
Cost of a 5+ strategy SOA
$615
$70
$545
$545 saving for a 5+ strategy SOA*
*Calculations use either your own practice baseline inputs or industry benchmarks.

Client reviews

 
Your benchmark
Advice Intelligence benchmark
Efficiency optimisation
Average time to prepare a client review (track goals, cashflow, portfolio, super and investments)
$70
$0
$70
$70 saving for client review preparation

Your practice efficiency summary

By utilising a.i. your practice could increase it’s efficiency by up to 27% on average and save $0 a year on SOA production.

a.i.'s WealthMap takes paraplanning out of your advice process. And our WealthApp provides clients with real-time transparency to their advice, services, fees, goals, cashflow and portfolios.

 

Your practice has the opportunity to enter into a whole new world of increased client engagement and advice efficiency, leaving you time to focus on growth.

Book a demo