Customer Reviews

Virtual Office Tools for a High Margin Practice: How Client-Centered Financial Advisors Can Cut Paperwork, Overhead, and Wasted Hours

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I read this book from cover to cover in one night! There are so many great ideas in it that I had to reread the book to make sure I absorbed them all.

I have been a slave to the old model of adding more and more staff to handle the needs of a growing practice. The authors explain how to use technology to streamline our practices, stop drowning in paper, and how to outsource much or all the work currently being done by employees to contractors that work offsite.

If I implement all the ideas put forth by the authors, I could save many of thousands of dollars each month and increase my bottom line by the same amount.

I highly recommend this book for all practice owners that are interested in reducing their overhead AND increasing client satisfaction and retention.

Are you stuck in the rut of working more and enjoying it less? Have you found your profits dropping while overhead skyrockets? Looking for a way to live your life the way you want to live? If so, buy this book today. In today's difficult investment climate many of us financial advisors have been trapped into doing more service duties, administrative functions and are making less. The authors are living our dream of enjoying the lifestyle we deserve. They show and demonstrate step-by-step complete with specific recommendations of software, hardware and technologies to improve your practice and help you make more money. This well written and extremely interesting book will give you hope and vision to make changes in your practice to enhance your quality of life. I bought this book because I am planning to spend more time in my condo in Colorado and needed ideas on how to do it. The authors delivered exactly what I need to know. As an extra bonus, Joel has been terrific about responding to my questions and emails. Thanks gentlemen; when's the next book coming out?

Dave Drucker and Joel Bruckenstein wrote a superb practical guide on running and growing a virtual office for financial planning practices. If you ever wondered about how to have more time for your family or personal life pursuits, asked how you could serve your clients better, or add increasingly higher profits in declining or flat markets, this practical guide, written by practicing financial advisors can do more for you than any professional designation after your name. For example, the ability of a virtual assistant a 1000 miles away to annote and populate a scanned document such as a brokerage application with only client specific information, obtain signatures, electronically copy and deliver forms to a brokerage within a few days saves financial planners like me time, money and frustration in dealing with paper document management. With the SEC stamp of approval, there is simply no better way to track and manage docuements. It is like moving from the automobile to the airplane. Leave the traffic jams behind and take your practice to a whole new level with this must-read guidebook.

This book is an excellent resource for anyone starting up a financial planning office or seeking to make an existing office run more smoothly and efficiently. A survey of current systems, processes and technology to save a planner time and money. Dave and Joel know what they're talking about.

While I'm sure this book was great when it came out over 5-years ago. Now the book is very out of date and not very usefull. David Drucker should pull this book from the shelfs and give it a major update.

I'm sure this was a useful book when it was written but now roughly a decade later, it has few useful nuggets for a modern financial planning practice.

I don't manage money for "outsiders", but I have a lot of paperwork to deal with just taking care of what I do for my "house accounts", and this book has given me great suggestions on how to minimize the paperwork while making it possible for me to actually find the receipts, contracts, account statements, and the like. It's a marvelous fount of information for the consumer of financial advice as well as for those who spend their day dispensing advice.