Identify client demographic for Wealth Management services
Conduct an in-depth market analysis
Identify service offerings to meet client needs
Establish mission and vision for the Wealth Management Business
Determine pricing structure for various services
Create a detailed financial forecast
Approval: Financial Forecast by CFO
Prepare a marketing plan for wealth management services
Identify key risk areas and mitigation strategies
Design an investment strategy guideline for clients
Establish a client acquisition strategy
Develop a training program for wealth management advisors
Define a succession plan for key roles
Plan for ongoing business development activities
Prepare a plan for regular client communication and engagement
Define key performance indicators (KPIs) for business
Finalize Wealth Management Business Plan
Submit up-to-date plan to relevant regulatory bodies
Approval: Business Plan by board of directors
