Pension Freedoms has provided a real stimulus for growth in the UK advisory market. The resulting demand for advice has created a great opportunity for those firms well placed to take advantage of it.
That’s where our Business Services proposition comes in. Offering a unique mix of thought leadership, practical solutions and support, it can make a real difference to your business, your people, and your clients.
The Business Modeller, designed in conjunction with Stoke Bishop Associates, aims to help business owners take a structured approach to the initial in-house stage of considering what their business may be worth now, and more importantly how that value may be enhanced over time. The tool allows firms to use various assumptions – which can be varied to support various scenario testing. The tool can also provide a valuable insight on the capacity of the business to fulfil the forecast revenue.
Every business needs to understand the true costs of providing its services so that it can establish the price required to make a reasonable profit margin.
This is fundamental to building a profitable and scalable business. These calculators have been designed to help you ensure that the time spent on the delivery of the different elements of the client proposition are costed out profitably and reflected in the charges paid by your clients.
In order to build long term value in your business and achieve future success you need to address any issues that may be holding you back. The Business Assessment Tool aims to help you take a fresh look at your business through the eyes of your people. By harnessing their collective knowledge (something that can be hard to do on your own), it will provide you with an additional layer of insight to support your decision making. The findings will be presented back to you in a comprehensive report. It will highlight where the business is performing well, as well as identifying potential areas for further consideration, and provide ideas and suggestions that could improve the future success and value of the business.
To learn about the range of Business Services available to you please get in touch with your Standard Life contact.