Financial Advisors Want to Know: Budgeting, Forecasting & Capacity for RIAs – Ep. 91

Welcome to the Financial Advisors Want to Know Podcast, I’m Catherine Tindall a CPA with Dominion where our focus is helping financial advisors navigate income tax planning and compliance for their firms.

In this episode of the Financial Advisors Want to Know podcast, we speak with fellow CPA and fractional CFO Nancy Jacobson, founder of Xtended Financial Resources. With more than thirty years of experience and a decade spent specializing in RIAs, Nancy helps advisory firms boost profitability using real-time financial data, efficient systems, and strategic planning.

Key Takeaways:

Real-time data turns accounting into a proactive tool. Firms make better decisions when they see financial shifts as they happen—not months later.

Fast month-end closes enable real forecasting. Timely financials help leaders understand trends, spot issues early, and adjust quickly.

Effective budgets are detailed and data-driven. A strong budget incorporates accurate data, growth expectations, and fully loaded hiring costs.

Capacity planning requires staying ahead of growth. Hiring must happen before capacity breaks to avoid burnout, turnover, and client experience issues.

Process inefficiencies quietly drain profit. Mapping workflows exposes bottlenecks, redundant steps, and areas ripe for improvement before automation.

Connect with Nancy:

https://www.linkedin.com/in/nancyjacobsoncpa

https://xtendedfr.com/

Connect with Catherine:
https://www.linkedin.com/in/ctindallcpa/

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[email protected]

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