Review your current product shelf to ensure appropriateness by monitoring track record, tenure, complexity, and assigning risk parameters to the product
Provide quarterly due diligence update reports that, when married with sales reports, provide a true picture to grow your business and mitigate risks
Perform annual deep dive due diligence reviews
Provide Always on due diligence monitoring of product changes, industry changes, client changes, and provider changes
Support your product committee with periodic reviews, documentation and expertise, helping you get to the right answers in an efficient manner
Product Shelf Management
Ensure Best Interest Advice can be provided through the best product shelf
Actively manage onboarding and removing products to align with today’s environment, your Advisor expertise, and client needs…with the expectation of increasing revenue
Add products that are expected to fill a gap, grow revenue, and provide better advice, minimizing overlap and product cannabilization
Prepare material for product committee and provide real time answers to questions, shortening decision time
Provide insights on the industry regarding new products, sales trends, risk points
Advisor Facing “4 Box Reports”
Help advisors match client need to the best products in a repeatable and scalable way.
Demonstrate to the regulators that you have made substantial efforts to educate your Advisors about their product choices.
ake it easy for Advisors to compare product so they don’t always sell their favorite Products.
