Virtual-Office Tools for a High-Margin Practice : How Client-Centered Financial Advisers Can Cut Paperwork, Overhead, and Wasted Hours

by Drucker, David J.; Bruckenstein, Joel P.; Veres, Bob

• ISBN13: 9781576601235
• ISBN10: 1576601234
• Edition: 1st
• Format: Paperback
• Copyright: 2002-10-01
• Publisher: Bloomberg Pr

Summary

Tired of spending more time with filing cabinets than with clients? Is overhead eating up margins? Now, two leading financial planners and columnists deliver the help advisers have been begging for. Virtual-Office Tools for a High-Margin Practice is a nontechnical trove of technology, clever workarounds, and procedural efficiencies tailored to help financial advisers move toward a paperless office, while still complying with SEC record-keeping requirements. The authors show planners how to reduce the amount of paperwork in their offices by 99 percent, slash overhead, and find anything they need in one minute or less by adapting innovative software tools and shifting from on-site employees to remote assistants and virtual work partners. Until now, creative ways of working this smart were hard to come by. With this book, they are available, ready to go, and easy to implement.

Author Biography

David J. Drucker, M.B.A., CFP, is a regular columnist or contributor to Financial Planning, Financial Advisor, Research, and NAPFA Advisor magazines, and MorningstarAdvisor.com. He is editor of the monthly newsletter Virtual Office News.

Joel P. Bruckenstein, CFP, CFS, CMFC, is senior technology editor at MorningstarAdvisor.com and publisher of Virtual Office News (www.virtualofficenews.com). He writes a monthly technology column for Financial Advisor magazine and frequently contributes to Financial Planning magazine and other industry publications.

Table of Contents

The High-Margin Practice

A Day in the Virtual Adviser's Life

The Traditional vs. the Virtual Financial Advisory Firm

Eliminating Paper

Scanning Hardware That Can Do It for You

The Best Scanning Software for Financial Planners

Virtual Filing Systems

Software Utilities That Do Specialized Jobs

The Tools in Practice

Communicating with Clients

Selecting and Working with Virtual Work Partners (VWPs)

Managing Client Work Flow

Managing Information about Your Clients

Making the Virtual Transition

Looking Ahead

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