How should advisors rate a prospective client?
Mirror fogginess? Assets? Net Worth? Propensity to refer new clients?
I find it helpful to walk clients through the decision tree regarding whether they need to hire and delegate to a professional advisor. You may also want to address credentials with this flowchart as well (or you may not).
"How do I choose an adviser?" (suggested by Rick Coen on 2018-08-15), including upvotes (1) and comments (0), was merged into this suggestion.
A checklist or flowchart for counseling people.
A open document to be filled in by clients in order to assist in financial recordkeeping for access to all accounts, policies, insurance information, banks credit cards etc. Should they pass away this can be handled by spouse or children.
A way to navigate all the great workflows on here would be great.
Are your clients young, pre-retired, retired? Are they employed, self employed, etc? You should consider these workflows...
A list of the universal ones and here is a way to navigate all the other ones would also be great.
New Roadmap has checklists in the back - can an abridged version be created.
The steps and actions needed to take to make sure that a new client is onboarded correctly with your firm
This is great suggestion to make sure all of the tasks and items needed for a new client are completed.
A basic checklist / flowchart covering what questions to ask and what information to provide and in what order from phone call, 1st appt, 2 appt, presentation, and sales
The basic idea is this... most prospects are not dumb. A series of questions should make it clear to them whether they should work with an advisor or do it themselves. That would save both parties time and frustration.
For example. Do you enjoy making investment decisions? Do you take the time to research? Do you prefer to focus time & energy on other things? Are you worried about making a mistake? Etc.
Add a flowchart or checklist to cover talking points that satisfies the Reg BI requirement for rollover compliance.
What questions to ask clients
A flowchart or checklist that would determine if you provided advice during a telephone conversation with a client and if so, the ability to indicate how you provided the required notice(s).
Heartily agree with this suggestion
"Do I need to hire a Financial Advisor or Certified Financial Planner?" (suggested by Ross Hunt on 2018-08-29), including upvotes (21) and comments (1), was merged into this suggestion.
"Prospect acceptance decision tree" (suggested by Tom Duffy on 2018-08-16), including upvotes (15) and comments (0), was merged into this suggestion.
"Personal Financial Records Document" (suggested by Andrew on 2019-04-02), including upvotes (6) and comments (0), was merged into this suggestion.
"Onboarding A New Client Checklist" (suggested by David M Pulcini on 2019-11-27), including upvotes (6) and comments (1), was merged into this suggestion.
"Workflow of workflows" (suggested by JUSTIN WALLER on 2019-04-10), including upvotes (3) and comments (0), was merged into this suggestion.
"Client Questionnaire" (suggested by William Miller on 2021-01-19), including upvotes (3) and comments (0), was merged into this suggestion.
"Roadmap to the Code of Ethics and Standards of Conduct - Checklist - Appendix 4 and 5 from CFP Board" (suggested by J.C. Corrigan on 2019-09-06), including upvotes (2) and comments (0), was merged into this suggestion.
"Counseling" (suggested by John on 2018-12-04), including upvotes (2) and comments (0), was merged into this suggestion.
"REG BI Rollover Compliance" (suggested by bruce ROBERTS on 2020-10-07), including upvotes (1) and comments (1), was merged into this suggestion.
"Flow chart or checklist to determine if you must provide Form CRS to client." (suggested by Greg T. Clifton CFP, ChFC, MBA on 2021-03-09), including upvotes (1) and comments (0), was merged into this suggestion.
"Should I work with a financial advisor or do it myself?" (suggested by Martin Hurlburt on 2020-09-15), including upvotes (1) and comments (0), was merged into this suggestion.
"Appointment Checklist" (suggested by Mike on 2020-09-02), including upvotes (1) and comments (0), was merged into this suggestion.
Onboarding process for Investment Management. (I realize we use different custodians but a general workflow would still be helpful.)Is it Risk Tolerance, Find out Inv Objectives, Inv Policy Statement, Gather Client Data, Transfer Account, Rebalance?
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