Increase Profit Margins: Leveraging PEPs for Efficiency, Bundled Solutions, and Cost Reduction
Learn how advisors can use PEPs to increase profit margins by improving efficiencies and reducing costs.
Key Points
- Efficiency and Cost Reduction: PEPs help advisors streamline their practice by consolidating multiple small plans into a single solution, reducing administrative burdens and costs.
- Bundled Solutions: Advisors can choose between a fully bundled PEP solution or a partner PEP where they act as the 3(38) investment manager, both offering efficient ways to manage retirement plans.
- Increased Profit Margins: By lowering operational costs and improving efficiencies, advisors can enhance their profit margins while providing better service to their clients.
PEPCAST - Advisor Series - Ep 4: How advisors use PEPs to increase profit margins
In the 4th episode, we dissect PEPs' efficiencies and cost-saving benefits, roles and responsibilities, and why PEPs are becoming a go-to strategy for advisors aiming to boost their profit margins. We'll also delve into your distinct value proposition as an advisor.