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The Lifeworks Solution

The Lifeworks Solution

Business Model

In order to meet the needs of the next generation of clients, advisors need to adopt a new business model that rewards and incentivizes planning work and allows them to keep 100% of the revenue from their planning fees.

Lifeworks

Advisor with $10M AUM

AUM Fee Charged to Client1.00%
Platform Fee (Advisor Paid)0.15%
Net AUM Fee:0.85%
AUM Revenue$85,000
Commission Payout Rate100%
Net to Advisor$85,000
Technology Fees$0
E&O Insurance$0
Total Fees$0
Financial Planning Revenue$40,000

 Net Profit: $125,000

Traditional Firm

Advisor with $10M AUM

AUM Fee Charged to Client1.00%
Platform Fee (Advisor Paid)0.25%
Net AUM Fee:0.75%
AUM Revenue$75,000
Commission Payout Rate80%
Net to Advisor$60,000
Technology Fees$2,400
E&O Insurance$1,780
Total Fees$4,180
Financial Planning Revenue$0

Net Profit: $55,820

Client Experience

A seamless and intuitive client experience that connects all segments of the wealth management process with the back office operations of clearing, custody, compliance, and account management.

Lifeworks

One platform to serve clients from anywhere
in the world

Traditional Firm

Dozens of software applications that
fragment the client experience

Client Acquisition

Our marketing system generates predictable ideal prospects each month. And we have developed the expertise, tools, and resources to empower our advisors to build a smarter practice and win the best clients.

Lifeworks

Digital marketing tailored to the advisor.
Your ideal prospects. Month after month.

Traditional Firm

  • Asking for referrals
  • Rubber chicken dinners
  • Networking events
  • Seminars
  • Compliance-limited digital marketing
  • Inability to differentiate
  • Sponsoring community events

Interested in learning more?

Lifeworks is taking on a limited number of qualified financial advisors in Q1 2021. For a confidential conversation about our platform and the future of your practice, schedule a time to talk with one of our team members.

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