The simple math most advisors overlook

A lot of advisors reach a point where things seem fine: clients are happy, the business is moving along, and the team is holding it together. But there’s still that lingering thought: Am I really in the right place?

Here’s the thing – most advisors never slow down long enough to really answer it. And the reason is simple: they skip the math. Taking a hard look at your revenue, profitability, and costs isn’t flashy, but it’s the only way to know if your current setup is truly helping you build the business (and life) you want, or if it’s quietly holding you back.

That’s why we’re glad to partner with Muriel Consulting. They’ve built their entire process around helping advisors define the right firm for them, not just financially, but functionally and culturally, too. Whether you’re thinking about joining a new broker-dealer, building an independent RIA, or adding advisors to your team, they’ll guide you through it step by step.

And here’s the part you don’t want to miss:

Many financial advisors and practice owners overlook a critical step in running a successful business: doing the math. Understanding your revenue, profitability, and costs is essential to making informed decisions about your future, especially when you’re wondering if you’re current in the right place.

Muriel Consulting created a Practice Metrics Worksheet to help advisors gain clarity on their actual payouts – it’s usually not what you think! Fill it out and then schedule time with Muriel Consulting for a “Second Opinion.” They’ll talk with you about the outlines of your business and whether a firm or channel change is appropriate for your goals and vision.

Because sometimes, the smartest move isn’t working harder – it’s making sure you’re working in the right place.

Happy Tax Planning,

Steven Jarvis, CPA