Achieve Top Performance
at every stage of your business life cycle
Most accurate Industry Financial Benchmarks
Exclusive non-financial KPI data
Top Performer reporting
Having access to accurate, meaningful data empowers you to build a resilient business capable of thriving in strong markets and challenging conditions.
Meta data reporting and insights are reshaping the performance landscape for financial planning practices.
Top Performer Reporting including financial and non-financial KPI’s will help you to understand how to achieve benchmark performance.
To learn more, view the Financial Planning Top Performer Flipbook
Start │ Buy │ Invest
Risk-Profit-Value Drivers
Accurate and unique data insights can be used to identify your industries strongest and weakest drivers.
This information is essential when starting, buying or investing in a Financial Planning practice.
It mitigates buyers remorse.
When you are fully informed of the business specific and key industry Risk-Profit-Value Drivers you will better understand the business you are buying.
Target Improvement KPIs
Before starting, buying or investing, your business plan should focus on key improvement opportunities.
Focus your efforts where they will have the most impact.
Best practice business planning processes include accessing the most accurate industry financial benchmarks, top performing reporting and an in-depth Risk-Profit-Value Driver analysis.
This analysis leverages the power of non-financial KPIs so you can build a stronger, resilient, more valuable business.
There are sixty eight non-financial KPIs that affect the performance and value of a Financial Planning practice.
Lower Risks
The rapid emergence of AI presents a significant risk to all advisory businesses.
Study the risks to ensure AI can have a positive impact on your business.
Learn more about AI risks.
Grow | Improve
Top Performer Reporting
To grow and improve your business, you can benchmark its performance against the industry’s top performers.
Understand how your business performance compares, where it is strong, and where it can improve.
Top Performing Financial Planners are achieving 42.3% profit margins after allowing for market owner(s) salaries and other adjustments.
The Top Performer Report reveals what leading businesses do differently in your industry to achieve benchmark performance across five value-driving KPIs.
Its business logic is unmatched, integrating both financial and non-financial KPIs.
Ask Bstar for a personalised report.
Grow Business Advisory Services
Providing business advisory services to SMEs is a high margin, growth opportunity.
There is a clear and present need for growth, succession and exit planning.
95% of SMEs have some degree of owner/principal reliance.
For Financial Planners, only 1% claim to have no reliance upon the owner/principal.
9.2% of SME owners have an actively managed and documented ownership succession plan. For Financial Planners it is marginally stronger at 13.4%.
Attract Ideal Clients – High Value industries
Developing an industry or niche market specialisation is a proven strategy to fast-track profitable growth and optimise valuation multiples.
To help build an industry or niche market specialisation, you need to understand the target industry. Bstar’s Data Mining App. builds knowledge via data, infographics, benchmarks, and the Top Performer Report for a range of high value industries.
The Data Mining App. enables access to 2.58m growing to 5m non-financial KPIs.
General Practice Medical Services
Law Firms
Generate More Referrals
Existing clients and centres of influence are strong sources of new client referrals.
It is important to ‘give back’ to your referral partners so they can grow their business.
Top Performing Financial Planners have deep trusted referral relationships which are valued by both parties.
In the accounting industry, demand for business valuations is growing.
One way of adding value to accounting practices is to share the White Paper: Judgement and Data, Replicable and Defensible Small-Family-SME Business Valuations.
It will help accountants deliver compliant business valuations (the value-add) and lead to more SME referrals.
Value │ Succession │Exit
Business Valuation
The first step in formal succession planning is to determine the true value of your business.
Valuing a business helps owners understand their current financial position. The next step is to analyse their value gap risk and plan how to achieve the value needed to attain financial independence.
In the SME sector, there is a significant education gap & high concerns including:
42% of SME owners don’t know what their business is worth.
83% of these have a value gap risk.
Only one in ten are sale ready.
Succession Planning
Planning is critical to create the value in your business. Succession planning is key to unlocking that value on sale or exit.
Implementing formal succession planning well in advance of sale/exit date is critical to preserve and create wealth in and outside the owners business.