Role-Playing Training Platform for Advisors

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Role-Playing Training Platform for Advisors

Inspired by a conversation on:

The Perfect RIA

The Perfect RIA

Mastering Fees in Financial Advisory [Episode328]

Host: Micah Shilanski & Matthew Jarvis

Timestamp: 00:22:52 - 00:23:22

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Feather Flow

Direct Quote

"Book yourself for your role play. Make sure you're doing it yourself, your team, et cetera."

Market Gap

Advisors lack resources for effective fee communication training.

Financial advisors often find it difficult to communicate their fees and value effectively to clients, which can lead to misunderstandings and dissatisfaction. Many advisors do not have access to structured training programs that help them practice and refine their communication skills regarding fees. This gap can result in lost business opportunities and decreased client retention. Advisors need a dedicated platform that allows them to engage in role-playing exercises, receive feedback, and improve their fee discussion techniques, making it essential for their professional development and client relationships.

Summary

Create an online platform that provides role-playing scenarios specifically designed for financial advisors to practice fee-related conversations. This platform would allow advisors to simulate client interactions, receive feedback, and refine their communication strategies. By incorporating video recordings for self-review and peer critiques, advisors can enhance their confidence and effectiveness when discussing fees with clients. The platform could also feature a library of best practices, common client objections, and successful fee communication strategies, thereby equipping advisors with the tools they need to succeed in their client interactions.

Categorization

Business Model
Content
Target Founder
Content Creator
Difficulty
Medium
Time to Revenue
3-6 months
Initial Investment
$1,000-$10,000

Potential MRR (18-24 months)

Conservative
$3,000 - $6,000 MRR
Moderate (Most Likely)
$10,000 - $20,000 MRR
Optimistic
$30,000 - $60,000 MRR

* Estimates assume solo founder/bootstrap scenario with competent execution

Scores

Clarity
8/10
Novelty
8/10
Feasibility
7/10
Market Potential
8/10
Evidence
7/10
Overall
7.6/10
Found on September 29, 2025 • Analyzed on September 29, 2025 9:37 AM

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How should I validate this content idea before building it?

2:34 PM

Great question! For a content idea like this, I'd recommend starting with these validation steps:

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Yes, and what about the technical implementation? Should I build this myself or hire a team?

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Technical Strategy:

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2:37 PM

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Similar Ideas

Fee Transparency Software for Advisors

Develop a software solution specifically designed for financial advisors that enhances fee transparency and communication with clients. This platform would allow advisors to clearly outline their fee structures, provide detailed breakdowns of services included in those fees, and offer tools for clients to visualize the value they receive. By leveraging this software, advisors can build trust with their clients, ensuring they understand the costs associated with their services. The tool could also integrate role-playing scenarios for advisors to practice fee discussions, improving their confidence and effectiveness in client interactions, similar to methods discussed in the podcast episode.