Freelance Financial Planner Workflow Map

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

The path towards better systems and processes in your Freelance Financial Planner 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 Planner 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 Planner

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, 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, including investment strategies, retirement planning, tax planning, and risk management.
5. Presentation and discussion: Present the financial plan to the client, explaining the recommendations and answering any questions or concerns they may have.
6. Implementation: Assist the client in executing the recommended strategies and making necessary adjustments to their financial accounts, investments, and insurance policies.
7. Monitoring and review: Regularly review the client’s financial plan and investment performance to ensure it aligns with their goals and make any necessary adjustments.
8. Ongoing support: Provide ongoing support and guidance to the client, addressing any changes in their financial situation or goals.
9. Periodic reviews: Conduct periodic reviews with the client to reassess their financial goals, update their financial plan, and make any necessary adjustments.
10. Continuous improvement: Continuously seek opportunities to improve the service delivery process, identify areas for efficiency, and enhance the client experience

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 planning services. Offer rewards such as discounts on future services or referral bonuses. Promote the program through email campaigns, social media, and personalized client interactions.
Expected Outcome: Increased client acquisition through word-of-mouth referrals, leading to a larger client base and higher revenue.

Experiment 2: Streamlined Onboarding Process
Description: Review and optimize the onboarding process for new clients. Identify any bottlenecks or inefficiencies and streamline the necessary paperwork, documentation, and communication channels. Utilize digital tools and automation to simplify the process and reduce manual work.
Expected Outcome: Improved client experience, reduced onboarding time, and increased client satisfaction, leading to higher client retention rates.

Experiment 3: Specialized Niche Marketing
Description: Identify a specific niche within the finance and accounting industry that aligns with the freelance financial planner’s expertise or interests. Develop targeted marketing campaigns and content tailored to this niche, positioning the freelance financial planner as an expert in that area.
Expected Outcome: Increased visibility and credibility within the chosen niche, attracting clients who specifically seek expertise in that area. This can lead to higher conversion rates and a competitive advantage over generalist financial planners.

Experiment 4: Virtual Financial Planning Services
Description: Explore the possibility of offering virtual financial planning services to clients. Invest in video conferencing tools, secure document sharing platforms, and digital signature solutions to facilitate remote consultations and transactions. Market this service as a convenient and flexible option for clients who prefer remote interactions.
Expected Outcome: Expanded geographical reach, increased accessibility for clients, and potential cost savings by reducing the need for physical office space. This can attract new clients who value convenience and flexibility.

Experiment 5: Continuous Professional Development
Description: Invest time and resources in continuous professional development by attending industry conferences, webinars, and workshops. Stay updated with the latest trends, regulations, and best practices in the finance and accounting industry. Apply the acquired knowledge to enhance the quality of financial planning services provided to clients.
Expected Outcome: Enhanced expertise and knowledge, improved client trust and satisfaction, and the ability to offer innovative solutions to clients’ financial needs. This can lead to increased client loyalty and referrals.

Experiment 6: Collaborative Partnerships
Description: Identify potential collaborative partnerships with complementary professionals, such as tax accountants, estate planners, or insurance agents. Establish referral networks and mutually beneficial relationships where both parties can refer clients to each other’s services.
Expected Outcome: Increased client referrals from partner professionals, expanded service offerings through collaboration, and the ability to provide comprehensive financial planning solutions to clients. This can lead to increased revenue and a competitive advantage in the market

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.