Freelance Financial Advisor Workflow Map

In this article, we’ve created a starter Freelance Financial Advisor Workflow Map that you can use to start planning out your product/service delivery and we’ve outlined a few examples of experiments that you can run in your Freelance Financial Advisor role.

Ready to get started? Download the Workflow Map template or get in touch to discuss how a workflow coach could help you fast-track your business improvement.

Systems & Processes for Freelance Financial Advisor

The path towards better systems and processes in your Freelance Financial Advisor role starts with mapping out your most important business processes. Being able to see your business processes laid out visually helps you to collaborate with your team on how to improve and grow. By repeating this collaboration process, you’ll develop a culture of continuous improvement that leads to a growing business and streamlined systems and processes that increase customer & staff experience.

To help you start mapping out your processes, we’ve developed a sample flow for a Freelance Financial Advisor Workflow Map that you can use with your team to start clarifying your processes and then run Business Experiments so you can build a better business.

Workflow Map For A Freelance Financial Advisor

1. Initial consultation: Meet with the client to understand their financial goals, needs, and current situation.
2. Data gathering: Collect all necessary financial information from the client, such as income, expenses, assets, and liabilities.
3. Analysis and evaluation: Analyze the client’s financial data to identify areas of improvement, potential risks, and opportunities.
4. Financial planning: Develop a comprehensive financial plan tailored to the client’s goals, including investment strategies, retirement planning, tax optimization, and risk management.
5. Presentation and discussion: Present the financial plan to the client, explaining the recommendations and discussing any concerns or questions they may have.
6. Implementation: Assist the client in executing the recommended strategies, such as opening investment accounts, setting up retirement plans, or adjusting insurance coverage.
7. Monitoring and review: Regularly review the client’s financial progress, track investment performance, and make necessary adjustments to the plan as circumstances change.
8. Ongoing support: Provide ongoing support and guidance to the client, answering their financial questions, addressing concerns, and providing updates on market trends or regulatory changes.
9. Periodic reassessment: Conduct periodic reassessments of the client’s financial goals, adjusting the plan as needed to accommodate changes in their life circumstances or financial objectives.
10. Continuous improvement: Continuously seek opportunities to improve the service delivery process, incorporating client feedback, staying updated on industry trends, and enhancing knowledge and skills through professional development

Business Growth & Improvement Experiments

Experiment 1: Client Referral Program
Description: Implement a client referral program where existing clients are incentivized to refer new clients to the freelance financial advisor. This can be done by offering a discount on services or a small monetary reward for each successful referral.
Expected Outcome: By encouraging clients to refer new clients, the freelance financial advisor can expand their client base and increase revenue. Additionally, this experiment can help in building trust and credibility as clients are more likely to trust recommendations from their peers.

Experiment 2: Streamlined Onboarding Process
Description: Review and streamline the onboarding process for new clients. This can involve creating standardized templates for client agreements, questionnaires, and other necessary paperwork. Additionally, consider automating certain aspects of the onboarding process to reduce manual work and improve efficiency.
Expected Outcome: A streamlined onboarding process will save time and effort for both the freelance financial advisor and their clients. It will enhance the overall client experience, improve client satisfaction, and allow the advisor to take on more clients without sacrificing quality.

Experiment 3: Social Media Marketing Campaign
Description: Launch a targeted social media marketing campaign to increase brand awareness and reach a wider audience. This can involve creating engaging content related to finance and accounting, sharing success stories, and offering valuable insights to potential clients.
Expected Outcome: A well-executed social media marketing campaign can help the freelance financial advisor attract new clients, establish themselves as an industry expert, and build a strong online presence. Increased brand visibility and engagement can lead to a higher conversion rate and ultimately, business growth.

Experiment 4: Client Feedback Surveys
Description: Implement a system to collect feedback from clients on a regular basis. This can be done through surveys or feedback forms, asking clients to rate their experience, provide suggestions for improvement, and identify areas of strength.
Expected Outcome: By actively seeking client feedback, the freelance financial advisor can gain valuable insights into their strengths and weaknesses. This experiment will help identify areas for improvement, enhance client satisfaction, and build long-term relationships with clients based on their specific needs and preferences.

Experiment 5: Collaboration with Complementary Professionals
Description: Explore partnerships or collaborations with professionals in complementary fields, such as tax consultants, estate planners, or insurance agents. This can involve cross-referrals, joint marketing efforts, or even offering bundled services to clients.
Expected Outcome: Collaborating with professionals in complementary fields can expand the range of services offered by the freelance financial advisor, providing added value to clients. This experiment can lead to increased client satisfaction, a broader client base, and potential revenue growth through shared referrals and cross-selling opportunities

What Next?

The above map and experiments are just a basic outline that you can use to get started on your path towards business improvement. If you’d like custom experiments with the highest ROI, would like to work on multiple workflows in your business (for clients/customers, HR/staff and others) or need someone to help you implement business improvement strategies & software, get in touch to find out whether working with a workflow coach could help fast-track your progress.