How to Add Additional Revenue Streams to Your Practice TODAY

Meet Alex

Alex lives in California.

He has an extensive list of high-value clients who trust his financial insight.

His practice consists of business owners and high-income individuals seeking ways to mitigate their tax liability.

Alex's top priority is staying current on the rapidly evolving financial industry landscape. He knows he does the best job for his clients when he is armed with timely information backed by relevant data and documented success.

He is...

?? An active member of professional organizations and attends industry conferences to stay current on trends, regulations, and best practices.

?? Subscribes to reputable financial publications, participates in online forums, and follows influential voices in the field via social media platforms, which can provide valuable insights and updates.

?? A lifelong learner. He takes advantage of opportunities for continuous education through seminars, webinars, and workshops to deepen his expertise and stay abreast of emerging strategies.

?? A master networker in the real world and online. Collaborating with colleagues and networking within the industry fosters knowledge exchange and facilitates learning from peers' experiences.

?? Believes in using a combination of processes and tools to ensure his clients get the results they want from working with him.

?? Leverages technology tools, such as specialized software and analytics platforms, enabling him to analyze market trends efficiently and adapt his strategies accordingly. By integrating these strategies into his planning matrix, Alex proactively navigates industry shifts and provides informed guidance to his clients.

Why Did Alex Decide to Join the Ranks of the Wilson Hand Strategic Partner Program?

The financial world is constantly changing. Many business owners need help with the changes in the tax laws that came about when the Tax Cuts and Jobs Act of 2017 (TCJA) was enacted. The TCJA required research and development expenses to be capitalized and amortized over five years. This eliminated the option to deduct the total expense in the year incurred. This change went into effect in January 2021.

Alex has been seeking ways to help his business clients alleviate their tax burden. He discovered Wilson Hand, a law firm offering exclusive tax mitigation strategies through his research. Alex contacts Wilson Hand and finds they can help him, and in turn, he can help his clients.

Alex learns that Wilson Hands offers four main tax mitigation strategies, which provide him with all the materials he will need to introduce these strategies to his clients. He also learned that Wilson Hand would meet with his clients about their specific needs and obstacles. Alex has reviewed the materials and is ready to introduce these options to his clients. Alex is happy to have a plan that can help his clients.

The Wilson Hand Strategic Partner Program

A DIRECT Additional Stream of Revenue

Alex is a part of the Wilson Hand strategic partner program, which offers strategies to help alleviate tax obligations to his clients. He has chosen a few of his clients to introduce to these programs.

For the first few clients, Alex arranged appointments with the Wilson Hand team so they could discuss options. After sitting in and listening while the Wilson Hand team shared their tax mitigation strategies a few times, Alex felt confident introducing clients to the plan independently. He has already sent the material provided by Wilson Hand to present his client with the strategy that he knows will work best.

Alex has a meeting with one of his clients and can successfully explain the strategy and how it reduces their tax burden. Alex has ten business owners who decided to participate in one method called Bonus Depreciation. These ten clients have a total transaction value of $250,000.

Alex will receive 10% of the transaction value as a referral fee. Alex has created an additional revenue stream for his business.

The additional revenue stream with just these five clients participating will create a referral fee of $25,000. It is early in the year, and Alex will continue to offer these products to his clients as he has meetings throughout the year.

Throughout the year, Alex has been talking with his clients about how they can reduce their tax obligations. He has ten more clients interested in the Leveraged Charitable Deduction strategy.

This strategy is for wage earners with a household income of at least $700,000. These clients are starting the process with him for this strategy in October. Alex reaches out to Wilson Hand to ensure enough spots are left in the program for his clients to participate [participation is always limited]. Once he finds out that there is still room for his clients in the program, he will work with them to get them started in the process.

Alex can gather all the information Wilson Hands needs from his clients and then introduce them to a Wilson Hand Relationship Manager. Then, his clients are sent the agreements for the program and directed on how to make their contribution payments.

Alex has found the process easy to understand and implement into his practice. These twenty clients have a total transactional value of $500,000. The referral fee Alex will receive from introducing these clients is $50,000, increasing the revenue stream these products create for his business.

Alex has had great success with the tax mitigation products he has added to his practice. He can offer these strategies to many clients and help businesses and individuals mitigate much of their tax liability. Alex has also had clients who have sold assets and plan for retirement using these strategies.

Alex has five clients who own businesses that utilize the Small Advantage and ten clients with a household income of over $700,000 using the Eqishare—Fractional Ownership strategy.

He has one client who sold a business using the Capital Gains program. Alex also has one client who uses the tax-free ERISA plan to create more income when they retire.

The additional revenue stream Alex has created for his business by offering these products resulted in a total increase in business income of $300,000. Alex received a 10% referral fee of the transaction value for each client.

Alex Shares His Wilson Hand Success with a Few Colleagues

An INDIRECT Additional Stream of Revenue

Alex has been talking with many of his colleagues about these programs and the success that he and his clients have had. Many of his colleagues have decided to partner with Wilson Hand and offer these products to their clients. Each colleague Alex refers to will result in a 5% referral fee for the transaction values they produce.

Alex spent the last year explaining the Strategic Partner program to colleagues he knows will have clients who can benefit from adding these tax mitigation strategies to their products. Alex has five colleagues who have become Wilson Hand strategic partners.

Alex's colleagues will receive the same materials and tools provided to all strategic partners. Wilson Hand provides them with all the materials they need to introduce their clients to these strategies. Just like in the beginning with Alex, Wilson Hand will have a meeting to talk with their client about their specific needs and obstacles. Alex's colleagues are excited to have a plan to help their clients. They will also receive a referral fee of 10% of their client's transaction values.

Alex's colleagues bring in a total of $250,000 in transaction values. He will receive a 5% indirect referral fee. The indirect referral fee revenue stream will provide Alex with $12,500.

The additional revenue stream Alex has created for his business by offering these products and referring colleagues to the program resulted in a total increase in business income of $312,500.