The Pentameter portal expands on First Allied’s effort to provide a holistic ecosystem of tools and services to help advisers build and strengthen their businesses for the long term, the firm says. The portal provides a centralized reporting dashboard that enables advisers to identify and leverage the most appropriate resources within the First Allied platform at each stage of their practice’s development. The portal can be used by both fee- and commission-based independent advisers.
As First Allied explains, the integrated Pentameter consulting process helps advisers assess and optimize their businesses according to First Allied’s “five measures of business success.” These include business development, operational efficiency, human capital, business management and succession planning.
Using Pentameter, advisers can quickly and accurately gauge their practices’ strengths and areas for improvement on each of these measures through a targeted diagnostic evaluation and real-time financial metrics. Based on the results of the assessment, the portal can direct advisers to the appropriate resources within First Allied to address each practice’s specific challenges and opportunities.
These resources include access to First Allied’s Succession Planning and Business Acquisition Center and the Advisor Marketing System. Other quantitative tools, white papers, best practices guides and practice management templates are also provided. The Pentameter assessment gives First Allied’s business consultants deeper insight into the needs and capabilities of each individual practice, enabling them to tailor solutions and serve advisers more effectively and efficiently.
After completing the assessment, advisers can use Pentameter’s comprehensive, integrated business-planning tool to identify needs, set goals, assign tasks and develop a strategic plan to strengthen their business. Advisers can also choose to work with a dedicated member of First Allied’s business consulting staff to further develop and implement action items identified through the process. As advisers move to execute their plans, the Pentameter portal allows them to track progress against their stated goals, update their assessments and improve their practices’ scores in real time.
More information is available at www.firstallied.com.