Financial advisors are expected to provide expert analysis and advice when it comes to managing their clients’ money. That means having an eye for detail and an understanding of the markets, and being able to anticipate and act on opportunities quickly. Because of this, financial advisors are judged by a set of performance metrics that measure how well they are doing in providing advice and recommendations.
These performance metrics include time spent with clients, assets under management, client retention rate, percentage of repeat business, transaction volume, and net income earned. The more profitable and successful a financial advisor is in serving their clients, the better their performance metrics will be!