PROBLEM TO SOLVE:

• Stunted revenue growth
• Undocumented processes not followed as specified
• Failed to address the fact that two different types of clients existed and each should be serviced differently to provide appropriate quality service while maintaining profitability

SOLUTIONS RECOMMENDED & IMPLEMENTED by COO

DOC MGMT: established client segmentation and servicing that included a cloud based document sharing system with client accessibility
PROCESS: created new client onboarding process that maximized technology integrations with staff to reduce the workload and quickly on board clients
STAFF: function roles assessed to identify type of person for next hire
WEBSITE: hired new website vendor
CLIENT PORTAL: white labeled eMoney and providing clients 24/7 access to their financials

SUCCESS!

• AUM growth of $91 million in less than 2.5 years
• Client growth of 3 new client relationships (shed past clients and attracted new, larger AUM clients)
• 285 accounts added
• Attracted two experienced advisors