Once you've downloaded and printed out your own template, you can scroll through the rest of this guide to help fill in the blanks.
Set Up an Organizational Chart You simply need to answer, who is in your organization?
For most independent RIAs, this is an easy one to complete because it's a matter of "me, myself, and I." To create a more robust section you may find useful in the future, think about what you'd ideally like to hire for as your practice grows.
The position is considered consultative in nature, as the primary focus is providing needed guidance to those using the wealth management service.
Wealth managers may work as part of a small-scale business or as part of a larger firm, one generally associated with the finance industry.
Some wealth managers also provide banking services or advice on philanthropic activities.
A wealth management advisor needs affluent individuals, but not all affluent individuals need a wealth management advisor.
But you can gather separate resources as well, and there are a number of them out there.
Start with the Business Plan Template that accompanies this blog post, which you can download for free here: Then, check out the outline below, complete with Storjohann's commentary on how she created and used the template for her own successful firm.
One of the most valuable things my coach encouraged me to do was to create a business plan." Storjohann knew she needed to get that business plan on paper in order to organize her thoughts and fully understand what she wanted her financial planning practice to look like, stand for, and provide for her clients.
And she was generous enough to share her process and how she built out her plan with XY Planning Network. Small Business Administration to review their resources for creating a plan.