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- Financial Advisory PSA
- Who it's for
- Multi-practice firms
Multi-practice firms
A firm with practice groups can compare advisor work and engagement economics by owning organization. Keep the owning organization on each engagement and the advisory practice on each advisor. A Partner can compare margin by practice, while the Engagement Manager checks the individual delivery records behind a result. Confirm practice ownership when a client works with advisors from more than one group.
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 firm with practice groups can compare advisor work and engagement economics by owning organization. Keep the owning organization on each engagement and the advisory practice on each advisor. A Partner can compare margin by practice, while the Engagement Manager checks the individual delivery records behind a result. Confirm practice ownership when a client works with advisors from more than one group.
Pilot engagements from two practice groups with different owning organizations. Give each a manager, advisor, contract value and budget. Submit service lines under their proper engagements and inspect decisions and receipts. Compare the practice margin report with each engagement drilldown. Trace a deliverable fee through its billing record to confirm that it belongs to the intended practice before reviewing totals.
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
Clients and engagements
Keep each advisory engagement tied to its client, practice, owner and commercial baseline.
Advisor capacity
Review advisor rates, practice ownership and weekly capacity alongside delivered work.
Time and expenses
Keep advisor time and engagement costs attached to the client work they support.
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.