Luke Kratz of The Kratz Financial Group is part of this year's WP Top 50 Advisors.
20 Luke Kratz
The Kratz Financial Group
CIBC Wood Gundy
Victoria, BC
AUM GROWTH: $8,250,000
AUM PER CLIENT: $726,316
REVENUE PER CLIENT: $6,705
CLIENTS AT END OCT 2015: 190
RETENTION RATE: 88.10%
NEW CLIENT GAINED 12MTHS TO END OCT 2015: 12
Luke Kratz’s fee-based business has seen recurring revenues improve (his revenue per client is a solid $6,705) thanks to his strategy of disengaging clients who were inappropriate for his business and adding clients who invest more than $8,000 per year. This rebalancing of his practice has allowed him to manage his resources and provide a dramatically higher level of advice and service to his clients.
The Kratz Financial Group
CIBC Wood Gundy
Victoria, BC
AUM GROWTH: $8,250,000
AUM PER CLIENT: $726,316
REVENUE PER CLIENT: $6,705
CLIENTS AT END OCT 2015: 190
RETENTION RATE: 88.10%
NEW CLIENT GAINED 12MTHS TO END OCT 2015: 12
Luke Kratz’s fee-based business has seen recurring revenues improve (his revenue per client is a solid $6,705) thanks to his strategy of disengaging clients who were inappropriate for his business and adding clients who invest more than $8,000 per year. This rebalancing of his practice has allowed him to manage his resources and provide a dramatically higher level of advice and service to his clients.
