<img height="1" width="1" src="https://www.facebook.com/tr?id=1679314142361781&amp;ev=PageView&amp;noscript=1">
Skip to content

Time Allocation: A Financial Advisor's New Year's Resolution

Time Allocation: A Financial Advisor's New Year's Resolution
Jan 3

As the clock strikes midnight on New Year's Eve, many people around the world make resolutions to improve their lives in the coming year. For you, one of the most crucial resolutions you can make is to protect your most valuable resource: Time. In the fast-paced and ever-evolving world of financial advisory, effective time allocation is not just a luxury; it's a necessity. This article explores the importance of time allocation and provides practical tips for making the most of every precious moment in the year ahead.

The Value of Time:

Time is your most finite resource. In an industry where market fluctuations, client demands, and regulatory changes are constant, effective time allocation can be the key to success. Every minute spent on non-productive tasks is a missed opportunity to provide valuable insights to clients, analyze market trends, or enhance professional development.

One of the primary challenges you face is balancing the demands of client meetings, research, and administrative tasks. A New Year's Resolution to prioritize time allocation is an investment in both professional growth and client satisfaction.

Tips for Time Allocation:

1. Set Clear Goals

Begin the year by defining clear, achievable goals. Whether it's increasing the number of client meetings, expanding the client base, or enhancing investment strategies, having specific objectives provides a roadmap for effective time allocation.

2. Prioritize Tasks

Not all tasks are created equal. You should identify high-priority activities that directly contribute to your goals and focus on those first. This ensures that crucial tasks are addressed before less critical ones. Knowing your rainmaker revenue numbers will help identify how to best spend your time.

3. Delegate Wisely

If you’re the primary rainmaker in your firm, it’s imperative that you delegate routine administrative tasks or certain responsibilities to support staff to allow you to concentrate on strategic aspects of the practice. This not only improves efficiency but also fosters a collaborative and productive work environment. This all starts with having clearly defined roles and responsibilities in your organization.

4. Time Blocking

Implement time-blocking techniques to allocate specific periods for different activities. By dedicating focused time to tasks like client meetings, research, and personal development, you can enhance concentration and productivity. Start by building out a sample calendar by week. However, be wary of the 3 biggest time-sucks advisors face (e-mail, unsolicited phone calls, and an open-door policy) by making sure to allocate specific time for specific tasks like answering emails, returning phone calls, and team huddles to answer questions that arise throughout the day.

5. Utilize Technology

Embrace technology to streamline processes. You can leverage tools and software for tasks like client management, data analysis, and communication. Automation can significantly reduce time spent on repetitive activities, allowing you to concentrate on more complex and strategic aspects of their role.


As you embark on a new year, you should recognize that time is your most precious resource. By making a resolution to prioritize time allocation, you can position yourself for success in a dynamic and competitive industry. Setting clear goals, prioritizing tasks, delegating wisely, leveraging technology, and investing in professional development are essential steps toward optimizing time utilization. With effective time allocation, you can not only enhance your own professional satisfaction but also deliver superior service to your clients, ultimately building a more successful and fulfilling practice.

Available Resources:

  • Game Time Calculator (Rainmaker Revenue Numbers)
  • Sample Calendar by Week
  • Sample Roles and Responsibilities Chart

Make sure to contact us in early January to explore Time Allocation best practices and discuss specific opportunities to create more time in your practice. 

Author Info

Related Posts

6 Actionable Tips to Build Enterprise Value
Practice Management

6 Actionable Tips to Build Enterprise Value

Are you tired of working in your business rather than on your business? If you feel like you’re stuck as an income producer, instead of a business owner with aspirations to grow your practice, this article is for you.

The Enemy of High Performing Advisors: Product, Price, and Performance
Practice Management

The Enemy of High Performing Advisors: Product, Price, and Performance

I’d like to share a story and a lesson that was the result of a recent conversation with an advisor who had just joined our firm. Our conversations about transitioning to USA Financial started about 5 months prior to his official decision to make the move. To say that he did his due diligence on us is an understatement

5 Mistakes Financial Advisors Make in the First Appointment

5 Mistakes Financial Advisors Make in the First Appointment

Meeting with a financial advisor for the first time can feel overwhelming for a prospective client. As a financial advisor, you need to be aware of several common mistakes advisors make during the all-important first appointment, as well as easy-to-implement solutions if you find yourself guilty of any of these mistakes.