The risk store has launched a new consulting service, called A-MAP, which is designed to help boost revenue for financial planning practices through the introduction of life risk advice.
According to the consulting firm, the aim of A-MAP is to drive a tangible increase in revenue from an area not forming a component of current revenues or making only a minimal contribution – the life risk advice area.
“We have seen many advisers take a ‘flight’ to life risk advising in the past 18 months particularly” says the risk store’s founder Sue Laing. “So although we have been consulting into financial planning practices to improve their life risk revenue for many years, the current climate prompted us to create a ‘self-drive’ life risk revenue boosting tool.”
The program combines a one-day, in-house, consultant-delivered ‘gap analysis’ process with a self-drive workbook that leaves the practice with… “a practical step-by-step plan to embed efficient life risk advising for the future revenue stream of the practice”, said Managing Director Peter Wincott.
“That way we have slashed the cost of a consulting project that would achieve the same ends, at the same time as giving the practice owners or manager a depth of involvement and ownership that will ensure the outcomes are achieved. No one in our industry is currently offering anything so focussed, so practical as A-MAP for advisers,” added Mr Wincott.
The risk store says that the service, which is currently being rolled out to licensees and advisers, is guaranteed to produce a multi-fold return on investment within a few months if the recommended practice improvements are implemented.
