Title: Virtual Practice Management: What to expect
Considering participating in a Virtual Practice Management program, but not sure where to start? We're here to help.
Virtual Practice Management programs are designed specifically for RIAs and empower you to focus on the topics that matter most to you – when they matter most. As you participate, you'll be guided through cultivated tools and resources to help you achieve your strategic goals, implement lasting change within your firm, and support your future success. In fact, VPM programs address central areas where Top Performing Firms excel – and these firms saw twice as much revenue growth over the past five years than all other firms1.
All VPM programs are on-demand and available 24-7 in Schwab Advisor University. To get started, read the program descriptions with your firm's goals and opportunities in mind. Then, select the program that can best help you address your firm's specific needs.
On this page, you'll see an overview of the program, along with where to begin. Now, you've unlocked valuable insight and guidance, and can get started right away!
VPM programs are self-paced guided learning journeys with opportunities for expert help. And because they are available 24-7, you can make them work for your individual schedule. We design these programs to deliver maximum value in minimal time, aiming to empower you with what you need to know in just a few hours. But we know interruptions can happen, so when you need to step away, the platform will help you pick up right where you left off.
Our programs are built from bite-sized tools and resources, including whitepapers, videos, interactive workbooks and more to increase your knowledge of important concepts – walking you step-by-step from foundational insight, to inspired vision, and ending with effective execution.
And each program includes the ability to join a virtual workshop where you and fellow advisors have the opportunity to connect with a Schwab expert to ask your top-of-mind questions, learn from your peers, and gain further insight into the work you completed through the program. These workshops are held throughout the year, and you can attend as many as you would like as you continue your journey.
We hope you take advantage of our Virtual Practice Management offer to help you improve and grow your business. If you have any questions as you get started, please reach out to your primary Schwab point of contact, or email virtualpracticemanagement@schwab.com.
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1 Median results for Top Performing Firms compared to all other firms. 2020 RIA Benchmarking Study from Charles Schwab, fielded January to early April 2020. Study contains self-reported data from 1,010 firms.
Top Performing Firms are those that rank in the top 20% of the Firm Performance Index, which measures firms in the RIA Benchmarking Study on 15 metrics that align with the Guiding Principles for Advisory Firm Success for a holistic assessment of a firm's performance across key business areas. The Firm Performance Index is calculated among all firms in the study without regard to assets under management or firm type.