May 6, 2019
Two firms who specialise in delivering consulting services to advisers and financial advice business have announced new initiatives in the wake of continuing industry change…
Elixir Business Evolution Blitz
National consulting firm, Elixir Consulting, has announced the launch of a series of workshops dedicated to deliver support for advisers in what it says are two of the biggest key areas required to get their business through the changes they’re currently facing, which are:
- Business planning
- Pricing of advice services
According to Elixir ‘s founder and principal, Sue Viskovic, her firm has been inundated with advisers requiring assistance, particularly in these two areas, which has prompted her to develop this series of Business Evolution Blitz workshops.
Viskovic says most advice businesses will need to consider reshaping their business models against a current industry backdrop that includes:
- The end of grandfathered commissions
- Greater transparency over service standards
- Declining business valuations
- Decreasing insurance commissions
- Greater compliance and education standards
She says all of these elements will affect businesses in some way: “…And right now, we’re hearing that many licensees are so focused on wrestling with their own resourcing and business planning that their capacity to assist their advisers is low.”
“…The sheer volume of advisers who need help, and the urgency with which they need it has led us to create a solution that provides the best of private coaching, peer support and group workshops to solve these challenges in a series of short intensive interventions, said Viskovic of this new service, which will deliver workshops on business planning and/or pricing of advice services for advisers in the four eastern mainland capitals.
Promoting its new service, Elixir says advisers will walk away from its Pricing Workshop “…with your own pricing model redefined and decision made on how or whether to transition your existing clients to this model.”
Its Business Planning Workshop will have participants documenting a one-page business plan (an Evolution Map) “…and knowing exactly what you will be doing to achieve the evolution and growth you are after next financial year.”
Click here for more details on Elixir Consulting’s Business Evolution Blitz.
Slipstream Coaching Expansion
Meanwhile, Queensland-based consulting firm, Slipstream Coaching, has announced the appointment of a Perth-based business coach, in what amounts to an expansion of its existing and growing national footprint.
The new business coach appointee is Rachel Wilson, who Slipstream advises has an accounting background, and that, while the firm already boasts accounting and financial planning firms clients around Australia the intention is that Wilson, will build its services for planning and accounting firms in Western Australia.
In welcoming her new colleague, Slipstream Coaching director, Sharon McClafferty, said “We’ve known about interest in our coaching services for some time but understandably, travelling across to the East on a quarterly basis to participate in our group meetings presented a barrier. With Rachel, clients will have access to a first class coach who is based on their doorstep.”