Specialty: Multi-Service
Size: Sole Practitioner
Annual Revenue: Less Than $250K
Acquire the technology, skills and partnerships to move from compliance to advisory, so you can provide greater value for clients of your sole practitioner multi-service firm—while increasing your own revenue and profit margins.
Software shouldn’t just be about increasing efficiency. It should also completely redefine the level of value you provide to your clients. With Corvee Tax Planning, Client Collaboration and Payments, you’ll get all the information you need to save clients tens of thousands in taxes every year—while getting paid for it.
The fastest way to increase client value is to save clients money on taxes. Corvee Tax Planning helps you scan tax returns, determine strategies for the client and prepare proposals and final tax plan deliverables with minimal effort.
The fastest way to increase client value is to save clients money on taxes. Corvee Tax Planning helps you scan tax returns, determine strategies for the client and prepare proposals and final tax plan deliverables with minimal effort.
Chasing clients for all the agreements, engagement letters, questionnaires and file requests you need can feel like catching flies. Use Corvee Client Collaboration to send, receive, track and store all requests you need from clients to complete your work in one sitting.
Collect, store and charge ACH and credit cards on your terms. Set up one-time payments, recurring payments and custom payment dates, pass on processing fees to clients and more. Corvee Payments gives you control over collecting payments from clients, so you’ll never chase for payment ever again.
Niche selection, pricing for profitability, advisory services, marketing and building a team are just a few of the things you need to go from a sole practitioner to a small firm with a team. Our 12-month growth and development programs include 1-on-1 success coaching, weekly Q&A calls with industry experts, a private client community to ask questions and get quick feedback and both in-person and virtual events so you can meet and learn from others like you.
Confirmed Annual Revenue Growth From Our Sole Practitioner Clients
Read Our Methodology Memo for how we calculate these numbers
The most important shift in your sole practitioner firm is from compliance to advisory. Learn how to save clients money on taxes, increase their revenue and profits, help them protect their assets and grow their net worth. Our growth and development programs are focused on providing clients value first, and getting paid to do so second.
Once you’ve learned to provide advisory services, we’ll help you redesign your pricing model with a goal of 60–70% profit margins on a cash basis. Until you make this shift, you’ll always feel like you have too much work to do but not enough cash flow to hire a full-time employee. Break the trap by wildly increasing your pricing and profitability.
When you’ve got multiple services, we’ll target both the front and back ends of your sales funnel. We’ll help you market to prospects through LinkedIn marketing, Facebook advertising and email newsletters. We’ll then help you nurture and upsell your existing clients to maximize lifetime value per client.
Partner with us to offer tax-advantaged wealth management to your clients. Through our partnership with Cambridge Investment Research, we have built the best process in the industry to help sole practitioner multi-service firms offer their clients investments and insurance products.
The first step is deciding whether you want to partner with an advisor and share in fees, or become a licensed financial advisor yourself. If you want to partner with an advisor, there are 11 states in which you don’t need a license to share in advisor fees. If you aren’t located in any of these states, you’ll need to pass the Series 65 exam before you can do so. Alternatively, if you are ready to become fully licensed, we recommend you pass the Securities Industry Essentials (SIE), Series 7, Series 66 and state life insurance exams.
Many of the investment and insurance products out there have tax advantages. We have created a marketing, sales and service delivery program to offer tax-advantaged wealth management to your clients so they can increase their savings and net worth while protecting their families and assets.
Most broker-dealers and Registered Investment Advisors (RIAs) don’t support you running a tax and accounting firm. Through our relationship with Cambridge, we’ll do so. This is because we believe that if it’s good for the client, and it’s good for you, we’ll figure out a way to make it work. Additionally, if you come on board and partner with an advisor as a solicitor, you’ll be able to share in advisory fees—and in many cases, without a license.
We’ve proven that multi-service firms grow faster than firms that provide only one service. However, with that additional growth in a shorter timeframe comes more problems. We’ve mapped out how you can overcome these problems every step of the way.
Learn from other sole practitioner multi-service firms which have moved from compliance to advisory with Corvee.
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