Pricing your fee for service in the financial services industry can be tricky. Too expensive and you may lose clients or find it difficult to attract new ones. Too cheap and you may live on a shoestring budget. The key is for your fee to land in the “Goldilocks Zone” – not too much, not too little, just the right amount.
How do you arrive at the right amount to charge for your level of expertise?
There’s a guide available to assist you with your pricing from Elixir Consulting. They have asked industry professionals about their fees, taken into account the cost of running a business and produced a reference guide. Instead of a guess or a quick poll of your friends in industry, this definitive work has answers.
The current edition is available via their website or the local business consultant, Lana Clark. She can assist you to review or implement a fee structure.
Once your fee structure has been sorted, it’s vital to keep the clients in your business signed on. Are you ready and able to complete the additional workload of Financial Disclosure Statements and Opt-In letters? We provide a 360 degree service in this area, contact us for further information.
To discuss your needs call (07) 3394 8470, 0422 452 337 or email Allison@paperworkmagic.com.au