Calculate the exact hourly rate required to cover your firm's overheads and achieve your target profit margin, based on actual billable hours.
Excluding adviser salaries.
Be realistic. Most advisers only manage 12-18 truly billable hours a week after admin, compliance, and prospect meetings.
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Manual Formula: Total Required Revenue = (Overheads + Salaries) / (1 - Target Margin %). Required Hourly Rate = Total Revenue / (Advisers × Weekly Billable Hours × 46 weeks).