Financial Services

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When you understand the economic impact of Financial Service Businesses, you will understand the need for EBS. Business owner or an individual, deserve help to achieve the best financial result. The Financial Service Industry Businesses has become a key cornerstone for every operation. EBS can assist the Client in establishing this business, define objectives, preserve assets, increase income and reduce your tax burden. Our goal is to help you build substantial and sustainable wealth. 

1. Buying a Financial Service Practice

The first model we need to explore is that of buying an existing financial services practice and reengineering it to meet your objective. However, this strategy can also be very expensive. Often, a financial advisory sells for two time’s gross revenue. Also, if you take this path, you assume all the risks associated

2. Building a Financial Service Practice

Building a financial services practice from scratch is less expensive than buying an existing practice and it will enable you to leverage your existing clients and maintain control over your relationships with your clients. However, this option requires you to commit a significant amount of time and may require you to invest.

3. Partnering With an Existing Firm (Mergers)

This is often a preferred route. The reasons are clear:

  • It doesn’t require a large commitment of resources
  • It doesn’t require you to expand your payroll or infrastructure
  • It keeps you in control of your clients and the level of service delivered
  • It allows you to expand and leverage your existing client base, and
  • It allows you to share the risk with your partner

As good as this sounds, the partnering strategy is not without its downsides. First, it does require a very close philosophical, cultural and professional match between you and your partner. It will take time to find the right partner.

4. Implementing a Referral Program

This is a very easy option. It takes little time and minimal investment on your part. But there are a number of downsides to the referral path. First, there is the potential risk of losing your clients. You don’t really control the service offering or the relationship. It may be difficult to build a referral business that generates revenue for your firm.

Now that you are familiar with the most common business models used today, how do you decide which is right for you? You have to ask yourself a number of questions and talk to an EBS Consultant before you can answer that.

The EBS group supports Financial Services for:

  • ATMS
  • Billing & Check Cashing
  • Consulting
  • Commercial Real Estate
  • Credit
  • Expense Reduction
  • Income Taxes
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