Creating a team with the right mix of complementary skillsets, personalities and client appeal is key to long-term success. SMART Concepts Group assists in facilitating the creation, development, and redesign of financial firm team practices. Through our Strategic Design Service, we assist you in assessing, designing, developing and/or reorganizing your team practice and internal procedures to suit your specific needs.
team planning & strategy services:
Our Strategic Team Development Service is used by advisors to facilitate the functionality of internal practice operations. Through our consultative process we the following services:
- Practice Structure and Design Development
- Management and organizational decisions
- Equity Arrangements
- Revenue and Compensation Design
- Client ownership allocation
- Distribution of profits, losses and expenses
- Future Growth Allocations
- Business development and implementation
- Ownership Transition Plans
- Roles and responsibilities integration
- Team policy and procedure implementation
- Individual and leadership development
- New hire and onboarding assistance
- Feedback and conflict management assistance
- Guiding and mentoring leaders and managers for effectiveness
- Merger and acquisition coordination and facilitation
- Deal negotiating services
SMART enough?
- Do you have an operational policy and procedures manual in writing, for reference in the event of conflict?
- Do you have continuity and succession plans for the team and each party to the agreement?
- Do you have defined roles and responsibilities for all team members?
- Do you have a true understanding of how and where revenue is sourced, the path it follows while it passed through the organization books?
- Have you defined and articulated how one advances within the organization?
SMART Concepts Group understands that each team structure possesses unique attributes. With expertise from our consultants, we can guide you through the complexities of the critical decision-making process and the challenges of implementation to develop a process that will guide your practice for years to come.
