A comprehensive solution to your organic growth problem
Growth is critical to the success of an RIA.
Growth demonstrates a strong company with happy clients, yields expanding career paths for employees, and is the most valuable health barometer for any firm.
FACT: For every 1% increase in growth rate, an RIA’s value increases more than 7%!
Yet most advisors are barely growing organically and possibly getting worse at it. Plummeting from 9% just a few years ago, the average RIA’s growth rate is just 3%, after market performance and acquisitions are removed.* Something is wrong.
DeVoe & Company has developed the industry’s first comprehensive, multi-faceted approach to helping RIAs grow. The DeVoe GrowthBuilder is an intelligently designed growth consulting program that incorporates strategic thinking, technology, tools, frameworks, and coaching to deliver results.
Typical engagements last several months and may continue for a year or more. Components include:
Assessing your firm’s performance across the five stages of the Growth Lifecycle based on a 45-point questionnaire. Get started with a complimentary DeVoe GrowthDiagnostic.
Meeting with your leadership team to understand the goals, strengths, weaknesses, and opportunities
Crafting a customized growth plan based on your firm’s situation
Delivering ongoing coaching to the advisors/relationship managers to work on and improve performance in each area
Reviewing and recalibrating. Together, we will build a growth machine
We also offer the guidance delivered through GrowthBuilder in a ‘study group’ format, called the Growth Accelerator. In this six-month program, principals work on the key drivers of Growth with peers through a study group structure. Learn more about the Growth Accelerator.
The process is methodical and disciplined, focused on changing behavior and achieving lasting results across the five stages of the growth lifecycle.
If you’re struggling with growth or not growing as quickly as you would like, contact us to learn how we can work together to achieve true results.
Contact Lynn at lynn.kennerly@devoe-co.com or call 415-813-5066 x5 to schedule a time for us to talk.
*Source: Dimensional Advisor Benchmark Study, 2016-2020
DEVOE GROWTHDIAGNOSTIC
Get an assessment of your performance across the 5 stages of the growth lifecycle. See how you compare to your peers.
Take 10 minutes and get 10-months’ worth of insight.
“The average RIA is growing at just 3%. Something is wrong.””
We are thrilled to share the DeVoe GrowthBuilder has been chosen as the recipient of a 2022
“Wealthies” Award.
