The tool, available to financial professionals working with AssetMark, is designed to help advisers conduct objective analysis of business performance and benchmark outcomes against peer groups and internal objectives.
Business assessment begins by entering a series of quantitative data points about an adviser’s firm. The adviser specifies the time period for analysis and enters firm financials to establish a framework for measuring future performance.
The tool then focuses on the qualitative factors that impact advisory firm performance and, by extension, the monetary value of a practice. AssetMark’s proprietary Value Maximization Indicators are integrated to provide feedback across four key areas of the adviser’s business. These include practice management, marketing, team development and operations.
More on the business assessment tool is available here.
AssetMark Inc. is a provider of investment and consulting solutions serving independent financial advisers.