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Ep 389: Generating $5M In Hourly Planning Fees In The Blue Ocean Of Consumer Demand with Mark Berg

Financial Advisor Success

CHAPTER

Managing Capacity and Time Tracking for Financial Advisors

The chapter explores how financial advisors reach capacity in client hours in an hourly planning fee model, setting a limit of around 1,200 billable hours per year per advisor. It discusses the importance of maximizing client-facing time through efficient time tracking using online software like Minute7 synced to QuickBooks to streamline billing processes. The chapter also delves into advisor compensation structures, including competitive starting packages, bonuses, and opportunities for career progression within the firm.

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