The Encore Group are independent specialist providers of practice management products, systems and solutions for the financial services industry.

So What Is Practice Management?

Practice management is a road map for a practice. It should focus on the strategic use of limited resources in finance, technology, people and time to effectively and professionally deliver the most appropriate products and services to the most profitable market segment.

In simple terms, practice management for small to medium sized financial advice firms means adopting the same attitude, discipline, knowledge, theory and learning that a big business uses, and adapting those concepts to a small business environment.

The ultimate objective of practice management is the corporatisation of a business' operating model. This means reducing principal dependency for day to day operations, making back office processes efficient and systemised, ensuring quality people are in the right roles, and a clear understanding of what the business is worth.