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If you are a financial advisor chances are you’d want to have your own business at some point in your career.

After all, having a business lets you pick the clients you want to work with, it lets you pick the kind of work you want to do, it gives you autonomy on a lot of other aspects too. Also, having a business makes you feel more responsible.

 

If you are planning to start a new financial advisor business, the first thing you will need is a business plan. Use our sample JP & Moore - Financial Advisor Business Plan to start writing your business plan in no time.

Before you start writing your business plan for your new financial advisor business, spend as much time as you can reading through some examples of finance and investment-related business plans.

Industry Overview

The financial planning and advice industry stood at a market value of 56.9 billion dollars in the US in 2021 and has experienced and has experienced a whopping growth rate of 7.7 percent.

The major reason for the growth and potential expansion of the financial planning sector is the growing average age of the population.

As many people are reaching the retirement age in the US, estate and financial planning services have grown in demand. The median age is expected to grow and so is the size of the sector.

Things to Consider Before Writing a Financial Advisor Business Plan

  • You need to have a motivation bigger than money

    The truly passionate people know that financial planning isn’t just about money. Money is a major factor in getting into any business, but it shouldn’t be the only factor that drives you.

    Against popular belief, any finance-related field isn't all about money. It is about a passion for analysis, critical thinking, decision making, and a little risk.

    So, before you go ahead try to figure out what drives you to do this business.

  • Have a plan to keep adding to your skillset

    Everything is becoming more advanced and rapid today. And as the pace of this world increases the need to keep adding and improving your skills increases too.

    Especially, in the financial planning world, you'll need to have unique ideas and sharp problem-solving skills.

  • Have a customer retention plan

    As a financial advisor, retaining your customers is probably even more important than getting new ones. The increase in your credibility is proportionate to the number of clients you can retain.

    Also, it gives you experience with how planning changes as the finances grow.

    Hence, having a framework that helps you retain your customers is important. Keep that in mind while planning.

  • Know the risks and prepare for them as well as you can

    All of us know that financial planning comes with its set of risks, though we can make accurate predictions they need not be necessarily true.

    Be prepared for such risks and know what next steps you'll take if things go wrong. It helps you deal with such situations better and have more satisfied customers.

Chalking Out Your Business Plan

The biggest problem is, many of us do not know where to start. Well, you don’t need to worry about that anymore. A financial advisor business plan can help you with that.

From setting your business goals to building a thriving and profitable business, a business plan is your ultimate guide to all of that and more!

Reading sample business plans will give you a good idea of what you’re aiming for. It will also show you the different sections that different entrepreneurs include and the language they use to write about themselves and their business plans.

We have created this sample JP & Moore - Financial Advisor Business Plan for you to get a good idea about how perfect a financial advisor business plan should look like and what details you will need to include in your stunning business plan.

 

Financial Advisor Business Plan Outline

This is the standard financial advisor business plan outline which will cover all important sections that you should include in your business plan.

  • Executive Summary
    • Customer Focus
    • Success Factors
    • Mission Statement
    • Vision Statement
    • Financial Summary
      • 3 Year profit forecast
  • Company Summary
    • History
    • Business Structure
    • Startup Summary
      • Startup cost
  • Products and Services
  • Market Analysis
    • Industry Analysis
    • Market Trends
    • Target Market
  • SWOT Analysis
  • Strategy & Implementations
    • Advertising Strategy
      • Targeted Cold Calls
      • Referrals
      • Internet
      • Publications
      • Direct Mail
    • Pricing Strategy
  • Operational Plan
    • Milestones
  • Financial Plan
    • Important Assumptions
    • Brake-even Analysis
    • Projected Profit and Loss
      • Profit Yearly
      • Gross Margin Yearly
    • Projected Cash Flow
    • Projected Balance Sheet
    • Business Ratios

After getting started with Upmetrics, you can copy this sample financial advisor business plan into your business plan and modify the required information and download your financial advisor business plan pdf or doc file.

It's the fastest and easiest way to start writing your business plan.

Ready to Start Your Planning?

Now that you know how to write a business plan, it's time to create one for you.

Remember that problem and market analysis are essential, but implementation is what counts. Go through the process explained in this guide to start planning for your business.

We have created Upmetrics — business plan software to simplify the process of business planning.

Our business plan builder allows you to write and customize your business plan. Our sample business plans and inbuilt help tips will help you to get started with your writing even if you are no expert. Our business plan sections and charts will make your document visually attractive.

Our financial forecasting module will create all the essential reports automatically. You need to enter numbers, and the application will do all the math to generate all your financial statements. Later you can embed those reports into your business plan.

After completing your business plan, you can download your business plan in PDF or DOC file with Upmetrics. You can also share it online with investors just by a quick link.

Customize your Business Plan

All businesses are different. So, don't hesitate to customize your business plan according to your requirements.

Even though our sample business plans are to help you create the perfect presentation for your clients and investors, it is finally up to you to decide how you're going to present your ideas in the best light.

Use this Financial Advisor Business Plan as guide and start writing your business plan.

Business Planning Resources

We have plenty of free business planning resources available to help you with your planning. You can download our resources to learn all about business planning.

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DISCLAIMER: The business plans, templates, and articles contained on upmetrics.co are not to be considered as legal advice. All content is for informational purposes, and upmetrics makes no claim as to accuracy, legality or suitability. The site owner shall not be held liable for any errors, omissions or for damages of any kind.
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