Formalize operational Policies & Procedures for new ria
Challenge
A new independent breakaway RIA needed to formalize their core operational procedures including service model for growth and custodian expansion.
How we helped
- Reviewed and formalized daily operations from the advisor and home office perspective.
- Researched industry best practices and identified best processes for future growth.
- Built out operational workflows, including the policies and procedures, and training manuals.
- Developed a service model that includes strategy for staffing for growth.
Client Benefits
- The firm has formal operational infrastructure and documented policies and procedures (P&Ps) in place to support growth.
- The firm’s new strategic service model includes defined criteria for future staffing as the business grows.
- Both the P&Ps and the service model position the firm to expand custodial relationships.