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- Financial Advisory PSA
- Who it's for
- Independent advisory practices
Independent advisory practices
A partner-led practice can follow each client engagement from proposal to collected milestone fee. The same Partner may own the client and review engagement economics, while a separate Service Reviewer checks the service approval result. Start with one fixed-fee engagement so the contract value, submitted service and milestone amount can be compared without mixing client work.
How Financial Advisory PSA is set up for you
Client ownership
Record the account owner, primary contact and billing terms before work moves into active delivery.
Delivery context
Link advisor time, expenses, service lines and contractual deliverables to the engagement they support.
Commercial follow-up
Compare delivered and billed value in the Engagement Margin Desk; use fee billing status to find overdue or disputed collections.
A partner-led practice can follow each client engagement from proposal to collected milestone fee. The same Partner may own the client and review engagement economics, while a separate Service Reviewer checks the service approval result. Start with one fixed-fee engagement so the contract value, submitted service and milestone amount can be compared without mixing client work.
Use a current client with billing terms and a named account owner. Let the Engagement Manager set dates and budget, then have an Advisor submit a billable service line. Check the resulting decision and receipt. Have the manager accept a milestone, the Billing Specialist run its invoice operation, and the Partner inspect the Engagement Margin Desk before discussing any scope change.
Agree who owns source corrections, approval decisions and fee collection before inviting the full practice. Rehearse direct access to a linked engagement and its evidence, then extend the pattern to more clients. [Plan the rollout](/psa-for-financial-advisory/implementation) and [review access](/psa-for-financial-advisory/roles).
Features to start with
Roles on the team
- Partner
- Owns practice oversight and commercial review.
- Engagement Manager
- Owns the engagement plan and checks delivered work.
- Advisor
- Records assigned work and delivery evidence.
- Service Reviewer
- Decides whether submitted service lines meet approval checks.
- Billing Specialist
- Tracks approved deliverables, invoices and collections.
Set up Financial Advisory PSA your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.