3 Data-Driven Strategies for Scaling Your Advice

Modern advisers face the challenge of growing their practices while navigating complex regulations while meeting rising client expectations. Drawing on our experience as the trusted data provider for 4,000+ financial advice firms, FE fundinfo has identified the key considerations for scaling your advice practice:

1. Leverage Integrated Solutions with a Data Backbone

Time is one of an adviser's most precious resources. By implementing a best-of-breed integrated ecosystem, you can automate data transfer between systems, reducing manual entry and errors. This not only saves time but also preserves data integrity.

Key stats:

• Advisers using our FE CashCalc integration save 2 hours for every client digitally onboarded.
• Our ecosystem includes integrations with all major back-office providers, providing a unified advice platform.

2. Standardised Reporting That Scales With You

A streamlined, standardised reporting process not only saves time but also enhances the client experience and ensures regulatory compliance from the start.

Key stat:

• FE Analytics offers the ability to build custom templates from 150 data fields

Consideration: Minimise headaches and turnaround time with standardised, templated reporting that streamlines operations and supports your growth.

3. Embrace Advanced Analytics for Compliance

As regulatory complexity continues to grow, leveraging advanced analytics tools can help you stay compliant without sacrificing growth.

Key stat:

• Our regulatory experts monitor and interpret over 100 regulatory updates annually, ensuring our tools (and your reports) evolve with changing requirements.

The Data Advantage

Underpinning all these strategies is the need for high-quality, comprehensive data. At FE fundinfo, we provide:

• Coverage of 280,000+ share classes
• 7 million+ prices collected monthly
• A global team of 1,100+ experts, including 300+ dedicated data specialists

By leveraging this data through FE Analytics, advisers can get back to the business of client relationships by ensuring compliance and delivering evidence-based recommendations. All of this serves to streamline operations to focus on growth.

Scaling a financial advisory practice today requires a powerful commitment to data, which requires a delicate balance of technology and expertise. Partnering with a trusted data provider helps advisers position themselves for sustainable growth with fewer headaches and more time for their clients.