Performance Improvment Individual Financial Advisor

The performance improvement services provided by Practus assisted the financial advisory firm in implementing a sales review process.

Client NameROIIndustryOwnershipManagementNo. of EmployeesSizeProject Duration
Individual Financial Advisor 3xFinancial ServicesFamily OwnedPromoter Run47$153 million36 months

About The Company

  Your Wealth is a mutual fund distributor, active for the last 18 years. The firm is one of the top 10 individual financial advisors in India. The company’s asset under management is $144 million and its total client base (active) is 6000. The company has recently diversified and entered the insurance sector.​

Practus’ Role in Performance Improvement Services

  •  Reconcile brokerage revenue with AMC cos and recover the due brokerage, if any.​
  •  Clean up accounts and bifurcate personal and business transactions.​
  •  Implement the process of monthly MIS reporting.​
  •  Set up the process and make SOPS for accounting and CRM operations.

Impact Delivered in Performance Improvement Services

  • Implemented monthly closure of books and Finance  MIS reporting system. 
  • Implemented a process of Sales Review – Individually with Sales team members – to motivate team members and inspire better performance. 
  • Introduced the process of Budgeting.
  • Generated MIS reports –  Business MIS, Company Level,  AMC level, RM level – along with management commentary of the  analysis of the business reports.
  • Generated Impact analysis report of marketing events and activities.
  • Set up a Brokerage reconciliation model.
  • Automate processes–e-cash voucher system, the pay-out model for sub-brokers, tax working for Employees, salary. 

See how Practus can assist you in improving your organization’s Performance