Licensee Benefits
StatTrader licensees get a turnkey value-added technology based service to offer to their clients. It’s not only a new profit center but also a way to expand your sphere of influence in networking for new clients. It’s a profit center because CPAs charge a fee for accessing this continuous benchmarking and valuation service (see Evaluate Profit Impact to my Firm).
Revenue & Client Prospecting
Banks and private equity firms will also use the StatTrader service via the use of the “Member invitation” feature, wherein these banks and investment professionals can access the data and stat comparisons of a licensee’s Commercial Members. This “inclusive feature” keeps the CPA more actively involved in the lending and investing processes and potentially expands the CPA’s practice.