Question : In what ways do you feel you can have the most positive impact on increasing net income?
This would be in regards to my working for a certified financial planner in a financial planning firm.
certified financial planning

Best answer:

Answer by chungsterama
You have to understand the power of scale in a financial planning firm. Gains in additional revenues from new customer does not result in the same rate of increase in costs. Therefore, if revenues increase, net income will increase at a faster rate because costs aren’t increasing as fast as revenues.

For example, when a firm subscribes to a service to help make better investment decisions, the average cost of the subscription declines as it get allocated over more customers.

If the firm obtains and retains more customers or grows the existing customer’s assets, then that will have the most positive impact on increasing net income.