As the CEO of an independent business, financial advisors must be equipped to make objective, strategic decisions about the key elements of their business. Pentameter® helps advisors gauge their acumen in each measure of practice management, build a business plan to reach their goals, and implement tools and strategies to make their business as effective and profitable as possible.

The Pentameter® platform brings together everything we have learned about helping financial advisors grow their business - the five Measures of business success:

• Business Development
• Operational Efficiency
• Human Capital
• Business Management
• Succession Planning

By providing in-depth resources and support for each of the five Measures, Pentameter® is designed to help advisors:

• Strengthen practice management skills
• Build a business plan
• Set, track and accomplish business goals
• Grow their business
• Ultimately create a practice that is highly valuable to both the advisor and his or her successor

Practice Organization

As an independent financial advisor, it can be challenging to work with clients while also running a business. Therefore, Summit has developed a true business owner-based practice management offering which allows advisors to facilitate their practice in a manner best for them and their clients.

This offering includes:

• Summit's Business Solutions Library

  A comprehensive source of interactive practice management content through Summit's RepOffice Website allows Summit advisors access to business materials, whitepapers, manuals and interactive on-demand tools and calculators to analyze and benchmark the business. Library areas include:

  • Business Management
  • Client Management
  • Human Capital
  • Investments
• Practice Analytics

  Ongoing analysis of your business, including detailed client-based Pareto reports, business mix analysis, goal calculations and current and future business valuations.

• Benchmarking

  Advisors view how their practice compares financially to their peers, based on their GDC, allowing them to pinpoint areas for improvement.

• Coaching Programs

  Working with a coach can be a game changer for financial advisors. The top athletes in the world utilize the best coaches to take their game to the next level. Likewise, Summit has partnered with the best coaches in our industry to help our advisors achieve actual and substantial change in the way they do business, so they can work fewer hours while being more productive.

• Consultation

  Our consulting services provide advisors with expert assistance in evaluating their business through a detailed, comprehensive and personalized process, including:

  • Extensive, targeted discovery analysis of all facets of the business.
  • Ongoing consultation with advisors and key team members.
  • Recommendations delivered in the form of an action checklist, with tools and resources to help implementation.