Maximizing your Business's Financial Performance with KPIs: Insights for Independent RIA Owners

As a financial advisor, it is possible to set your firm up in such a way that the eight-figure exit is possible. But simply trying to take on more clients as a primary means of growth could be a recipe for disaster. Instead, developing and implementing a system of KPIs could be the answer. KPIs or Key Performance Indicators can provide important insights into the health and direction of your firm.

 

In this episode, I discuss some of the many KPIs you could choose to explore within your finance department. I also talk about the importance of keeping your KPI tracking simple, and getting your team involved. With the correct KPIs, you could generate increased buy-in from your team while also driving more efficiently toward your objectives. You don't want to miss this episode!
 
This week on The Financially Simple Podcast: 

 

• (2:45) How do we determine if we made the right decision?

• (5:55) What are the KPIs that RIAs need to track?

• (7:56) Financial KPIs common to the financial world

• (12:20) Create a system

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