McLagan’s reputation for excellence has earned us the position of trusted adviser to wealth management firms that strive to achieve industry leading performance. McLagan helps wealth management firms globally improve profitability and growth by providing market-based guidance.
We bring objective facts regarding productivity standards, cost structures, market share, staffing and pay and couple them with our deep industry experience to help clients identify improvement opportunities, define realistic business cases for change and formulate implementation plans.
Our reports provide comprehensive views of industry performance including revenues, expenses, productivity, staffing, market share and compensation at the most granular level. This very detailed, market specific information is actionable, not merely informative.
As a result, our clients use this unbiased information to set goals and ensure that their businesses maintain and improve competitiveness in each market and throughout their organization.
McLagan's wealth management practice advises clients on how to rapidly realize performance improvements by identifying revenue and expense-related performance gaps and how to make the organizational changes to capture these opportunities. Our insights enable management teams to determine the most efficient path to market leadership and the organizational changes including staffing levels, job designs and pay approaches to effectively implement the strategy.
McLagan's performance benchmarking studies are the standard for the industry and provide managers comprehensive and detailed views of how their business compares to industry peers on every important dimension of performance — household wealth segment market share, branch expenses and profitability, branch revenues by product, advisor productivity and overall firm economics.