Revenue Management for Financial Advisers

Revenue Management for Financial Advisers

A typical financial advice firm will earn around $1.5 million a year, broken up into 61,000 small individual commissions, fees and trail payments. To make things more complicated, those little revenue transactions are collected from an average of 15 separate sources. As a result, confidently understanding client revenue and tracking it – client by client – across family groups – and over time – is becoming very important for Financial Advisers.


Our conversations with practices usually start with hearing of a well-founded lack of confidence in revenue. That lack of confidence often comes when the top-line revenue just doesn’t seem to make sense. The business has been putting on new clients each month, but the numbers aren’t going in the right direction. These are all real and common situations.


The problem for Financial Advisers is finding the time to deal with the complexity of revenue statements and reconciling bank accounts. But it just so happens that dealing with that detail and helping firms get confidence in the numbers, is something that Worksorted has become very good at. We have the system, tools and skills to do it quickly.  Our intensive implementation process will deliver confidence that the revenue you are entitled to is present and all accounted for. If your financial advice practice needs help managing revenue then please reach out, we’d love to help you.

Let Worksorted take care of your revenue

Find missing revenue, confidently track client revenue and access detailed and custom reports. It’s all possible with Worksorted’s revenue management functionality.