Step 1: On-site dialogue session led by HKFS with the CPA partner group focusing on the question, “Is a financial services practice right for your firm or own agenda?”
Step 2: Practice development audit CPA. The firm will complete and submit the HKFS Financial Services Practice Development Audit Questionnaire. Results are reported back to the CPA partner group complete with commentary on operating assumptions, a five-year revenue projection statement, a financial services business valuation estimate, and a sample business plan.
Step 3: Introduction of HKFS field financial advisor
Step 4: Engagement
Step 5: Trusted Advisor Training Program Phase I: Practice Management Module
Step 6: Trusted Advisor Training Program Phase II: Business Development Module
Step 7: Trusted Advisor Training Program Phase III: Professional Education & Training Module
Step 8: Progress reporting system