Pricing Strategies to Create Growth: An Independent Advisor's Guide
Pricing Strategies to Create Growth: An Independent Advisor's Guide, published by Pershing Advisor Solutions and produced by FA Insight, is a new guidebook that examines the leading pricing practices among top advisory firms and provides best practice guidelines to drive profitability.
The guidebook reports that keeping firm pricing in line with the business environment is a practice that is often overlooked. This oversight can be further compounded by the impact of market downturns, thereby increasing compliance burdens and growing human capital costs.
Additional areas of focus in the guidebook include:
- Minimum Fees Protect Profits
- Combination of Pricing Methods May Serve Best
- Communicating the Value Story
- Value-Based Pricing Increases with Firm Size
- Current Operating Environment Illustrates Limitations of Asset-Based Pricing