IFA Industry News


IFA Industry News
How to Maximise Your Efficiency as a Financial Adviser

How to Maximise Your Efficiency as a Financial Adviser

As a financial adviser, your time is at a premium. Getting bogged down in day-to-day operations and administration means you aren't getting as much for your money, especially when you're paying yourself a financial adviser wage to handle operational tasks. Here are a few methods you could use to up productivity and make your business as efficient as possible:

Prioritise your tasks

Prioritising your tasks according to their importance and pre-defined deadlines is an excellent starting point for getting more out of your day. Working in an organised manner, from the most to the least important tasks, ensures you're always on the ball and no urgent jobs get lost along the way. A daily to-do list helps you achieve this goal, allowing you to organise your thoughts and plans for the day ahead.

Automate administration

Automation is an excellent way to reduce the administrative burden on your business, leaving you with more time in your day to focus on important matters. Specific administrative tasks can easily be automated with the right technology. For example, appointment scheduling and data entry can be managed through software and tools, reducing administrative labour and keeping your records up-to-date and accurate.

Outsource non-core responsibilities

Marketing and compliance are significant time sinks for any business. Outsourcing these non-core tasks to trained professionals has two benefits. Firstly, you gain access to external expertise to help you to achieve your goals. Secondly, you improve efficiency by handing off time-consuming work to a third party to complete to a high standard, leaving you with more time for client-facing activities.

Use time-blocking techniques

Time blocking is an excellent tool for managing your time efficiently. Instead of taking the scattergun approach, setting aside certain hours of the day for different tasks can help streamline your work. Instead of answering emails as they arrive, consider setting aside a specific time for reading and responding. The same applies to other repeated tasks, reducing procrastination and helping your work to flow better throughout the day.

Make the most of technology

The technology you leverage can make a big difference to the amount of free time you have each day. While manual spreadsheets and lists take time and effort to update, utilising digital tools and software can be valuable for simplifying a wide range of processes. For instance, document management software, digital signatures and even communication tools can all help to improve efficiency by making your job easier.

Improve the organisation of your workspace

An organised workplace is an efficient workplace. Maintaining a clear and clutter-free space is one way to reduce confusion and increase efficiency. Digital file management systems, an online calendar and other productivity-based resources keep things clean and tidy, ensuring nothing slips through the cracks and reducing the amount of time spent hunting for information and files on your desk.

What’s next?

From time-blocking to outsourcing, you can implement a wide range of techniques to improve your efficiency as a financial adviser. However, if you're really looking to ramp up your productivity, the facilit8 support services can help.

Get in touch today to discuss how we can improve your efficiency with professional outsourced support services.

Take the first step towards building a thriving and
stress-free financial advisory business

Book a call with the facilit8 team today

Telephone: 01656 507398