Freelance Financial Advisory Specialist Workflow Map

In this article, we’ve created a starter Freelance Financial Advisory Specialist 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 Advisory Specialist 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 Advisory Specialist

The path towards better systems and processes in your Freelance Financial Advisory Specialist 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 Advisory Specialist 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 Advisory Specialist

1. Initial consultation: Meet with the client to understand their financial goals, needs, and current situation.
2. Data gathering: Collect all relevant financial information from the client, including 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 and objectives.
5. Investment strategy: Recommend suitable investment options based on the client’s risk tolerance, time horizon, and financial plan.
6. Implementation: Assist the client in executing the recommended investment strategy, including opening investment accounts and making necessary transactions.
7. Monitoring and review: Regularly review the client’s investment portfolio and financial plan to ensure they remain aligned with their goals and make adjustments as needed.
8. Tax planning: Provide guidance on tax-efficient strategies to minimize the client’s tax liability and maximize their after-tax returns.
9. Retirement planning: Help the client plan for their retirement by estimating their future income needs, recommending retirement savings vehicles, and optimizing their retirement savings.
10. Ongoing support: Offer ongoing support and guidance to the client, addressing any financial concerns or changes in their circumstances, and providing updates on market trends and regulatory changes

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 advisory specialist. This can be done by offering a discount on services or a referral bonus for each successful referral.
Expected Outcome: Increased client base and revenue as existing clients are motivated to refer new clients, leading to a steady stream of new business.

Experiment 2: Streamlined Onboarding Process
Description: Review and streamline the onboarding process for new clients, ensuring that it is efficient and effective. This can involve creating standardized templates, checklists, and automated systems to gather necessary client information and streamline the initial consultation process.
Expected Outcome: Improved client experience, reduced administrative burden, and increased efficiency in onboarding new clients, allowing the freelance financial advisory specialist to take on more clients and increase revenue.

Experiment 3: Specialized Niche Marketing
Description: Identify a specific niche within the finance and accounting industry and develop a targeted marketing strategy to reach potential clients within that niche. This can involve creating specialized content, attending industry-specific events, and leveraging online platforms frequented by the target audience.
Expected Outcome: Increased visibility and credibility within the chosen niche, attracting clients who are specifically seeking expertise in that area. This can lead to higher conversion rates and a stronger reputation within the industry.

Experiment 4: Client Satisfaction Surveys
Description: Implement a client satisfaction survey to gather feedback on the freelance financial advisory specialist’s services. This can be done through online surveys or personalized follow-up calls. The survey should cover various aspects of the client experience, including communication, responsiveness, and the quality of advice provided.
Expected Outcome: Insights into areas of improvement, identification of strengths, and an opportunity to address any client concerns or issues. This feedback can help enhance the freelance financial advisory specialist’s services, leading to increased client satisfaction and loyalty.

Experiment 5: Strategic Partnerships
Description: Identify potential strategic partners within the finance and accounting industry, such as tax professionals, lawyers, or other financial advisors specializing in complementary areas. Establish mutually beneficial partnerships where referrals can be exchanged, collaborative projects can be undertaken, or joint marketing efforts can be implemented.
Expected Outcome: Increased referrals and access to a wider client base through strategic partnerships. This can lead to business growth, expanded service offerings, and enhanced credibility through association with reputable partners.

Experiment 6: Online Presence Enhancement
Description: Evaluate and enhance the freelance financial advisory specialist’s online presence, including their website, social media profiles, and online directories. This can involve improving website design and content, regularly posting informative and engaging content on social media, and optimizing online profiles for search engine visibility.
Expected Outcome: Increased online visibility, improved brand reputation, and enhanced credibility among potential clients. A strong online presence can attract more clients, establish the freelance financial advisory specialist as an industry expert, and facilitate easier communication and engagement with clients.

Experiment 7: Continuous Professional Development
Description: Invest in continuous professional development by attending industry conferences, workshops, and webinars, as well as obtaining relevant certifications or advanced degrees. Stay updated with the latest trends, regulations, and best practices in the finance and accounting industry.
Expected Outcome: Enhanced knowledge and expertise, which can be leveraged to provide better advice and services to clients. Continuous professional development can also help differentiate the freelance financial advisory specialist from competitors and attract clients seeking up-to-date and knowledgeable professionals

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.