AdvisorEconomics provides wealth‑management firms with a secure, read‑only connection to their accounting data (QuickBooks, Xero, Wave, etc.) and transforms it into a benchmarked KPI dashboard built on Michael Kitces’ methodology. Users receive 20‑plus financial metrics compared to peer firms, trend analysis over time, and plain‑English action recommendations, helping them pinpoint hiring, cost‑cutting, or pricing decisions with confidence.
Funding
Funding not disclosed
Founders
Product
Problem
Wealth‑management firms often rely on manual spreadsheets or generic accounting reports, making it difficult to assess key performance indicators, compare against industry standards, and identify actionable insights for hiring, cost control, or pricing decisions.
Solution
AdvisorEconomics connects to a firm’s accounting software (QuickBooks, Xero, Quicken, Wave) via a secure read‑only link and automatically calculates 20 benchmarked KPIs such as revenue per client, profit per client, and operating margin. The platform applies Michael Kitces’ methodology and peer‑group data to provide trend analysis, plain‑English explanations, and recommended actions. Users can view period‑over‑period changes, see how their numbers stack up against similar firms, and access curated articles that guide decision‑making—all within a single dashboard that requires no manual data entry.
Target Audience
Primary customers are registered investment advisors, wealth‑management firms, and RIA owners who need reliable financial performance metrics without building custom spreadsheets.
Features
- Read‑only integration with QuickBooks Online, QuickBooks Desktop, Xero, Quicken, and Wave for automatic data import
- Calculation of 20 advisory‑firm‑specific KPIs benchmarked against peer groups
- Trend visualizations with period‑over‑period comparisons and contextual insights
- Plain‑English implications and actionable recommendations for each KPI
- Curated Kitces.com articles linked to each metric to suggest concrete next steps
- Secure cloud‑based platform with encrypted data transmission and storage
- Quick onboarding process that completes data sharing in about five minutes