I was talking to a business owner recently, and something from our conversation got stuck in my head. First of all, some context… this individual owns a profitable small business making $1.5 million in annual revenue. No marketing spend, no website, no company email addresses, drives all business from word of mouth. We were talking…
Marketing spend for a typical financial services firm varies based on company size, target market, and business goals.
Most financial firms allocate 7% to 10% of revenue to marketing, with digital-first firms spending on the higher end.
Here’s a breakdown of how that budget is typically distributed:
Business transformation is a dynamic process that holds paramount importance in the wealth management industry. With evolving client expectations, technological advancements, and regulatory shifts, wealth management companies must undergo comprehensive transformations to remain competitive and provide exceptional services. This article delves into the key components of business transformation tailored for the wealth management sector, emphasizing…
Business transformation is the process of fundamentally changing the way a company operates. It involves a holistic and comprehensive approach to redefining the organization’s vision, strategy, processes, technology, and culture. In today’s rapidly changing business landscape, transformation is essential to stay competitive and relevant. One can imagine how difficult a task this may be for…
You’ve most likely heard the acronym EIDL, so there’s little value in taking time to explain it. If it isn’t totally clear, you can read more about this Coronavirus Relief program on the US Small Business Administration’s (SBA) website. This year has been a difficult year for many small businesses. Luckily for these small businesses,…
In this monthly email you’ll find a handful of links to recently published web content (e.g., blogs, articles and podcasts), meant to be helpful and relevant to those running a business. Managing a business, especially a successful one, is no easy feat. Most of us welcome with open arms a little help from our friends,…
Happy end of summer, I’m looking forward to getting back to the office in the greatest city on earth. Greatly appreciate your feedback on this newsletter, which is why I’ve added a section to highlight some of the office spaces in Manhattan that I am currently working to fill in my role as a commercial…
Wishing you all the best as NYC begins its phased reopening. It’s been a long and eventful hiatus, and I hope that you and your families are well and staying safe. My prayers for equity go out to all, especially those that have been unfairly treated due to race or any other superficial circumstances. In…
Wishing you all the best during the ongoing pandemic. Hope that you and your families are well and staying safe. In this monthly piece you’ll find a handful of links to recently published web content (e.g., blogs, articles and podcasts), meant to be helpful and relevant to those running a business. Managing a business, especially…
This is an excerpt from my monthly email where I share a handful of links to recently published content that relates to and can be helpful to those running a business. To have this delivered to your email box, subscribe here. Managing a business, especially a successful one, is no easy feat. Most of us…