A formal document outlining the goals, strategies, and financial projections for a financial advisory firm.

Estimates of future financial performance, including revenue, expenses, and profitability over a specified period.

Plans designed to promote services and attract clients, focusing on both digital and traditional channels.

Adherence to laws and regulations governing financial advisory practices to avoid legal issues.

The process of identifying, assessing, and mitigating risks that could impact the advisory firm's operations.

A strategic planning tool that evaluates Strengths, Weaknesses, Opportunities, and Threats related to the business.

The process of identifying and categorizing potential clients based on specific characteristics and needs.

Monitoring and optimizing the inflow and outflow of cash to ensure the firm's financial stability.

Utilizing online platforms and tools to promote services and engage with clients effectively.

A visual framework for developing, describing, and analyzing a business model, covering key components.

Lists of regulatory requirements that must be met to ensure adherence to laws and standards.

Developing strategies to respond effectively to unexpected events that threaten the firm's operations.

Predicting future income based on historical data, market trends, and business strategies.

Collaborating with professionals to ensure the advisory firm meets all regulatory requirements.

The steps taken to integrate new clients into the firm's services and ensure a smooth transition.

Assessing the viability of a business idea or model, considering market demand and operational capacity.

Evaluating different pricing models to determine the most effective approach for services offered.

Calculating the point at which total revenue equals total costs, indicating no profit or loss.

Methods used to identify and evaluate potential risks to the advisory firm.

Creating guidelines and processes to govern the firm's operations and ensure compliance.

A concise overview of the business plan, summarizing key points for stakeholders.

Understanding the needs and preferences of potential clients in the financial advisory sector.

Evaluating the strengths and weaknesses of competitors to inform strategic planning.

Methods for planning and controlling operational expenses to maintain financial health.

Real-world examples used to illustrate effective risk management strategies and outcomes.