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Advisor: How do Deliverables Team Members charge?

by Mark Little — last modified Oct 12, 2009 08:15 PM

Should external Subject Matter Experts charge for their services separately or should we include their fee within our compensation as Trusted Advisor?

 

Mark's Response: You may do it either way.  Most advisors set their cleints' expectations that Deliverables Team Members will bill for their services separately. 

That said, many advisors include the fees for their (outsourced) financial planning expert and their (outsourced) tax expert (for income tax projection & tax return review) within their compensation.  I especially like this structure if those two roles are entrusted to one person (or firm).

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Lorri Morin

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Mark Little

Mark Little

Mark Little

Mark Little
Mark McKenna Little Speaker, Author & Trusted Advisor. In 1999 I was ready to leave the financial services industry; not because I wasn’t financially successful (I had built a multi-six figure business), but because I was overwhelmed. I had waaay too many clients & worked 84 hours per week. Rather than quit my business, I decided to try one last thing: I became passionate about relentlessly creating and implementing organized documented systems and processes into my practice. I was able to reduce my workweek to 3 days a week while quadrupling my income to well over $1 million per year of predictable recurring revenue.

Mark Little

Mark Little