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.
Looking for a flexible, home-based alternative to the costs and overhead of a traditional franchise? Day Trade U provides trading education, coaching, software, market alerts, automation tools, and ongoing supportwith no storefront, inventory, employees, or territory to manage. Members can learn to trade and may also earn commissions through our optional referral program. Day Trade U is a training and technology programnot a franchise. Request information to learn how it works.
Businesses spend billions every year promoting their brands. Fully Promoted franchise owners capture a share of that demand by providing branded apparel, promotional products, uniforms, awards, and corporate gifts that companies need year-round. The real opportunity isn't selling products, it's building trusted relationships that generate repeat orders and recurring revenue. Backed by a recognized global brand, you can build a business that grows alongside your customers' success.
FocalPoint offers a business coaching franchise that combines coaches' professional experience with proven Brian Tracy content to help businesses and individuals achieve greater success. Franchisees benefit from comprehensive onboarding, certification training, and ongoing programs designed to help establish and grow their coaching practices. With a passion for helping others succeed, FocalPoint provides a rewarding opportunity to make a meaningful impact.
Small business owners are the backbone of our economy, representing 99.9 of US businesses. Our goal is simple: Save small businesses and the employees jobs that rely on those troubled companies. Valcor's 3 prong approach includes Debt Mediation, Business Restructuring, and Capital Acquisition. Run your executive-level business from home while helping save small businesses.
Turn your life sciences expertise into business ownership with an EMMA International franchise. Build a consulting practice helping pharmaceutical, biotechnology, and medical device companies address quality systems and regulatory compliance. Designed for experienced leaders in quality, regulatory affairs, operations, or engineering, this opportunity combines your expertise with EMMA International's established brand, infrastructure, and industry-tested protocols.
This is NOT a franchise or business opportunity. This is a service offered to those seeking to purchase a franchise or business using their retirement funds without having to pay the taxes and penalties. You can purchase a franchise or traditional business with a tax qualified retirement plan such as an IRA, 401(k), 403(b), 457(b), SEPs and others.
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