Behind The Advisor Ep #373: XYPN’s 2023 Benchmarking Study Highlights LIVE
Nov 1, 2023
Alan Moore and Michael Kitces discuss the highlights of XYPN's 2023 Benchmarking Study, including the growth rates of fee for service models, revenue expectations for new firms, the impact of interest rate volatility on advisory business models, the benefits of having a niche, and staff productivity in different types of advisory firms.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7
Introduction
00:00 • 2min
Growth of Client Household Relationships in Fee-for-Service Advisory Firms
02:04 • 8min
The Impact of Interest Rate Volatility on Advisory Business Models
10:08 • 2min
Benchmarking Studies and Growth Rates in the Financial Planning Industry
11:57 • 4min
Serving the Millennial Population and Setting Realistic Expectations for New Firms
15:53 • 2min
The Importance of Having a Niche in Financial Planning
17:24 • 32min
Staff Productivity by Business Type
49:16 • 12min