Many professional services firms charge fees to clients and then have to spend months collecting these amounts.   In some cases the fees were unknown until the work was completed and this may have taken longer or have been more detailed than first thought. Accounting and Legal work are good examples of fees that can escalate […]

Legal Firms take many forms and the financing of each is different according to the strategy of the firm.  In the main, financiers separate them into three categories: Commercial Firms Mixed Services (Commercial / Liquidation/Personal Injury) Liquidation / Personal Injury Each of these businesses have different streams of revenue and as such, they represent different […]

Financial Planning firms have multiple sources of income including their annual recurring revenue from the fees charged to clients.   This is different to any upfront fees they may charge for particular statements of advice relating to investment options or the set-up of Self-Managed Superannuation Funds. As a result of the recurring revenue within the business, […]