Summary of Deena Katz on Practice Management

For Financial Advisers, Planners, and Wealth Managers

Bloomberg Press, more...

Buy the book

Deena Katz on Practice Management book summary
If you’ve always dreamed of walking out and hanging out your own shingle, read on.”


8 Overall

8 Applicability

7 Innovation

9 Style


Deena Katz, a Certified Financial Planner (CFP) who has given financial advice in magazines and on TV, describes how to set up a practice as a financial planner and adviser. She discusses how to grow your business and manage your clients’ lives as well as their dollars. She draws on her experience, interviews and networking with other practitioners to provide a detailed hands-on guide. She considers such issues as recruiting, hiring and firing staff, working with partners, using hardware and software and setting up effective systems. She provides tips on public relations, hiring, firing and refusing clients, and keeping good clients. Her book concludes with a targeted resource section on useful books, journals, magazines, newsletters, software programs and Web sites. getabstract highly recommends this comprehensive introductory guide. Although it is directly targeted toward individuals in the financial planning arena, many of its ideas apply to starting any type of small professional or service business.

In this summary, you will learn

  • How to manage your financial service practice
  • How to set up a good support staff
  • Which business model suits you best – sales, service or professional


Your Own Practice: Core Values, Mission and Vision
To launch a financial planning or services business, think about how you want to offer value to your clients. This value comes from helping your clients meet their goals, with the assistance of your knowledge and skills. Express this value...
Get the key points from this book in less than 10 minutes. Learn more about our products or log in

About the Author

Deena B. Katz , CFP, has published extensively in such magazines as Financial Planning and Dow Jones Investment Advisor and has offered financial advice on numerous television programs, including Good Morning America and CBS This Morning. She is the president of and a partner in Evensky, Brown & Katz, and speaks frequently for national and international legal and financial organizations. Consumer Reports selected her to evaluate the work of other financial planners and Fortune magazine’s "1999 Investor’s Guide" identified her and her husband-partner Harold Evensky as "innovative gurus" in their profession.

Comment on this summary

More on this topic

Customers who read this summary also read

More by category