4min chapter

Kitces and Carl - Real Talk for Real Financial Advisors cover image

Setting The Right Minimum Fee Per Client And The Revenue Model Generator: Kitces & Carl Ep 115

Kitces and Carl - Real Talk for Real Financial Advisors

CHAPTER

How to Get More Clients for Your Firm

Solo firms that run pure solo run some pretty astonishingly good margins, right? When you're a solo, it's kind of weird to do that because like technically part of the revenue is like your job as the advisor and then part of is your profit as the owner. A lot of firms literally don't even look at the profit margin, they look at this number called e-bok earnings before owners compensation. Some firms will run 50% Solo practices more commonly than 60%.

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