Business model for retainer services

Financial Planning Fees & Clients

Charging for Retainers

Best Clients for Retainer Fees

Compliance and Retainers

Billing for Recurring Fees

Combining Retainer Fees & AUM

Broker-Dealer Compliance & Retainers

Compliance and Payment Processing


To best institute a successful business model for contemporary financial planning services, it is first necessary to understand how the landscape has shifted. The new generation of clients for financial advisors have two key characteristics—they do not necessarily have large portfolios to manage, and they are enveloped in the universe of technology. They live in a world of robo-advisors and have very few (if any) liquid assets. The good news is that the Gen X and Y market is a profitable one if you are willing to be pliable when it comes to structuring your business model. The old model of Assets Under Management (AUM) has been rendered somewhat archaic when it comes to the requirements of this younger market who, quite simply, do not have large asset bases to manage.

It is imperative that Financial Advisors and Managers adapt their business models to this new demographic and their specific set of needs if they are to work toward reaping sustainable profit revenues from this source. To do so, two major factors have to be taken into consideration: that your business remain compliant, and that you construct a payment processing solution that is suitable to your unique needs as an advisor.