Wealth Management Balanced Scorecard Metrics Template

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Wealth Management measurement KPI - Balanced Scorecard metrics template example

The Balanced Scorecard (BSC) dashboard indicates performance within each perspective and the total performance of Financial.

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Firms providing wealth management solutions are required to simultaneously take care of a number of internal (operations and recognition) and external (financial and economic disturbances) aspects.

This elevates the need for making the ‘corporate level strategy’ easy to understand such that every stakeholder in the organization can relate to it. One of the ways is to frame it in perspectives, four or five in number.

This quantification can be achieved by employing BSC.

Financial perspective can be used to obtain an insight into the financial standing of the operations. This can be achieved by quantifying the parameters like- new net money, return on assets, profit growth rate and cost income ratio.

Business development and growth perspective can be had with metrics like % new customers acquired, attrition rate of customers, conversion rate and % growth of assets under management.

Operations and recognition perspective can be obtained with KPIs such as deposits: AUM (Assets under management), Loans: AUM ratio, number of services offered and number of service awards won.

Lastly, employee perspective can be gathered with metrics like employee turnover, % increase in number of relationships per client facing employee, % increase in net new money per client advisor and % increase in revenues per advisor.

Learn more about Balanced Scorecard:

Balanced Scorecard fact sheet - business facts and statistics about Balanced Scorecard.
Balanced Scorecard e-course - learn more about Balanced Scorecard design and management issues.
Balanced Scorecard toolkit - learn ideas that will help to design your own scorecard, develop and implement KPIs in your business processes.

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BSC Designer. These KPIs were designed with BSC Designer. Share with your colleagues information about this tool for Balanced Scorecard.
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Use BSC Designer to generate Strategy Maps for this scorecard:

Cyclical Strategy Map:

BSC Designer software allows to link Wealth Management Metrics KPIs to the location on any map

Reports that can be generated with BSC Designer for this KPI:

Learn more about reports in BSC Designer.

Download trial version of Wealth Management Indicators	Purchase full version of Wealth Management Indicators + bonus
Wealth Management Estimation Balanced Scoreboard is distributed as an Excel file. Before purchase download a trial version of the scorecard.	Immediately after purchase you will have a link to download Balanced Scorecard (BSC) Excel file and file in BSC Designer format.

What are benefits of Wealth Management metric:

Measurement of profit growth and return on investment are typical informative indicators.
% of new customers required will help locate most profitable clients and business areas to look for new clients.
Customer perspective will help find out whether or not using services of advisors helps in customer acquisition.

More ideas on using Wealth Management KPI:

Wealth Management revolves around helping organizations and HNI (High Net worth Individuals) about routes which they can employ to manage wealth. The branches that are utilized include ‘retail banking’, ‘tax professionals’, ‘estate planning’ and ‘investment management’.

Wealth managers are expert at advising people about the options they have for ‘maximizing wealth’. They can either operate independently or as a money manager who works with the aim of adding to the wealth pool.

The ones working independently utilize make use of their experience in areas like estate planning, risk management etc to come up with different ways in which wealth can be increased.

To beneficially work in the area of wealth management, one can use BSC (Balanced Scorecard) to measure and manage the steps being taken to attain the purpose. However, the word of caution is to select indicators after a pretty thoughtful approach as wrong identification can create more troubles than easing the process.

The way out is to remember the basic of this strategy ‘everything that counts is not countable and everything that is countable does not count’.

By making a prudent selection of KPIs (Key Performance Indicators), one can safely transfer the ‘monitoring and tracking’ task to this instrument.

More useful information for Financial Evaluation:

Related metrics and KPIs for: Retail Sales, Sales, Credit Risk, Retail Banking, Mortgage, Financial Statement Analysis, Market Risk, Financial Risks, Operational Risk, Active Portfolio Management, Passive Investments.
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Business Intelligence (BI) for Financial - measure performance with Wealth Management Scorecard for Excel

We have designed Wealth Management Balanced Scorecard (BSC) in MS Excel, so now you can measure and control your performance using this popular business tool. Download trial version right now.

Alignment with Balanced Scorecard and KPIs is a great way to control the performance of Financial.

In comparison to other business performance measure and control methods, alignment with KPI is much more easier to implement and use. Use Wealth Management scorecard to align business performance.

Why do I need these metrics?

MS Excel files that we distribute are a spreadsheets packed with metrics information and the performance calculation formulas.

It's a real-business information. We invested in research that involved experts from Financial Estimation industry who elaborated and shared certain metrics. It's valuable, real-life experience which will help to improve the performance of your business.

I'm sure you understand the importance of measuring and controlling business using correct metrics, so this small investment will return in a great increase in sales.
To get a basic idea about what metrics to use. We learned a lot of business metrics and packed scorecard with the most successful.
To have a sample excel file, which is easy to modify to fit your needs. All Excel formulas are available for copy and change.
To start with measuring business performance. It's important to start with correct metrics, then you will be able to fulfill scorecard.

Wealth Management Estimation Balanced Scoreboard Screenshots

Metrics for Financial Evaluation. This is the actual scorecard with Wealth Management Indicators and performance indicators. The performance indicators include: financial perspective,net new money,return on assets,profit growth rate,cost income ratio (cir),business development and growth perspective,% increase in new customers,attrition rate of customers,conversion rate,% growth of assets under management (aum),operations and recognition perspective,deposits to aum ratio,loans to aum ratio,number of services offered,number of service awards won by the wealth management group,employees perspective,employee turnover,% increase in number of relationships per client facing employee,% increase in net new money per client advisor,% increase in revenues per advisor.

Some help information that explains how to use scorecard in Excel.

Some Balanced Scorecard help information that explains how to use scorecard in Excel, what scores and weights can be changed.

Download or purchase Wealth Management Estimation Balanced Scoreboard

Download a trial version of Wealth Management Estimation Balanced Scoreboard or purchase a full version online.

Subscribe to our e-course that helps a lot with Balanced Scorecard design.