If your passion lies in the financial services industry, you’re in luck. In 2022, the U.S. financial services industry was valued at roughly $4.85 trillion. The numbers don’t lie, and it’s easy to see how a startup in this industry can be lucrative. But, the trick is choosing the right business plan for your community.
If your passion lies in the financial services industry, you’re in luck. In 2022, the U.S. financial services industry was valued at roughly $4.85 trillion. The numbers don’t lie, and it’s easy to see how a startup in this industry can be lucrative. But, the trick is choosing the right business plan for your community.
If you’re ready to get started, read on to discover ten financial services startup ideas. Afterward, keep all these options at your fingertips with our free Small Business Startup app—available for both Apple and Android.
Franchising has always been a valuable part of the American economy. In fact, in 2019, the franchising industry recorded an output of roughly $787.5 billion—and franchising consultants are at the center of it all. With more and more people aspiring to become their own boss, running a franchise consulting firm is both rewarding and lucrative. After all, there’s nothing quite like witnessing an aspiring entrepreneur achieve their dream of owning their own business. You’ll help match your clients with the best franchise brand for them and may even assist them in securing the capital needed to own and operate that business.
Brokerage services can be an excellent way to start up a financial business while enjoying the comforts of working from home. Running a business centered on brokerage services provides a lot of freedom regarding what you choose to offer clients. Your services could include anything from insurance services to investment management. As a whole, the market size for brokerage services varies greatly depending on the niche that you offer. For example, the Real Estate Sales & Brokerage industry—when measured by market size and revenue—was valued at $226.8 billion in 2022.
Financial advisors are tasked with managing all aspects of their client’s financial world, from retirement planning to estate planning to savings and investing. They are responsible for more than just suggesting investment choices or selling financial products. An Advisor will assess a client's financial status and understand their financial goals, ultimately, tailoring a plan to achieve those goals.
If you’re thinking about launching your own financial advisory firm, we have great news for you. In 2020, the global financial advisory services market was valued at $79.4 billion, but the good news doesn’t stop there. By 2030, the market is projected to reach a value of $135.6 billion. With numbers like that, it’s easy to understand why a certified financial planner (CFP) may want to start planning a transition to independence.
If you’re a financial advisor searching for a niche, wealth management may be very well worth your time. According to Forbes, wealth management is regularly the most profitable business model adopted by financial advisors, and countless data and statistics show that customer demand for wealth management is growing by the day. This industry is predicted to surge with expected revenues of $254 billion by 2030.
Starting a tax preparation business can be extremely lucrative. Following this business plan, many professionals enjoy the freedom of part-time hours along with additional income. As a tax professional, you already know the busiest time of the year! With that said, it’s no surprise to us that many tax preparers make $30,000 to $100,000 in 90 days or less. Why not cut out the middle-man and make a larger profit yourself?
The customer base in investment banking services is vast and the opportunities are endless. Services in the industry include everything from financial advisory and brokerage services for large corporations to underwriting public offerings, mergers & acquisitions (M&A), and more. With so many opportunities to explore in this industry, it’s easy to understand the appeal and freedom that comes with owning a boutique investment firm.
When it comes to the financial services industry, debt collection is often forgotten. However, before you brush this idea aside, keep in mind that creditors often pay their collector between 25% and 50% of the amount collected. Collection agencies often have a very broad focus ranging from credit cards, medical, automobile loans, and more. With such a high-profit margin and broad market, it’s easy to understand why this industry is so lucrative.
Using your financial experience to start your own business is an exciting opportunity, and we know you’re probably eager to get started. But, remember to take your time to explore all your options. You may also want to consider business opportunities that won’t require you to do all the heavy lifting alone.
While you always have the “opportunity” to start a small business, sometimes, it makes more sense to invest in an opportunity that already exists. These are called “Franchise Opportunities.” If you’re ready, explore the financial service franchises, below! And, remember to download the free Small Business Startup app to keep all these opportunities at your fingertips—available for both Apple and Android.
American Business Systems has been America's Leader in Medical Billing with Unparalleled Training, and Support for over 25 years. 100k Potential working from anywhere, full-time or part-time. Learn more about this great opportunity
The personal lines insurance market is a robust 534 billion industry. By partnering with Goosehead, you can secure your financial future with our diverse range of products designed to maximize recurring revenue. Discover how to take advantage of this growth opportunity today.
Discover a high-demand, affordable franchise that helps students get on the Road to Freedom. As a Driving Academy truck driving school youll access our proven, scalable systems designed to accelerate your profit, comprehensive training and REAL ongoing support after you open. No trucking experience needed.
Now is the time to seize the advantages of the insulation industry. By becoming a part of Insulation Commandos, you're not just entering a market you're joining a movement. Step into an industry that empowers you to make a difference while securing your financial future.
Enviro-Master is a commercial cleaning franchise specializing in deep-cleaning, sanitization, and health-focused services that go far beyond standard janitorial work. With low overhead, no storefront required, and recurring revenue through service contracts, this scalable opportunity is ideal for growth-minded entrepreneurs. Franchisees receive robust support including business coaching, marketing, lead generation, and national account access.
Every day, there are more than 50,000 water damage property losses in the United States. PuroClean is in search of business professionals who want to become a superhero in their local community and help make a difference in people's lives.
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