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Investment and wealth

Wealth platform financial model, built free.

A three-statement Excel model for a wealth platform, built from your own figures and checked to balance.

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We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more

The business

Administers investment and superannuation accounts for advised clients, earning administration fees on funds under administration plus cash and transaction revenue.

See the sampleHow the model works

In short

  • 01

    Three linked statements

    Income statement, balance sheet and cash flow, linked in every period.

  • 02

    Valued two ways

    Discounted cash flow and trading multiples, side by side.

  • 03

    Monthly to annual

    Monthly, quarterly, half-yearly or annual periods, for up to 30 years.

  • 04

    Checked every period

    A Checks sheet shows the balance sheet balances and the cash reconciles.

The sample

The sample, as Excel draws it.

Built by the same system and checks as yours: its structure and its inputs, ready for your own figures.

Annual · 10 years · Low detail
Wealth platform sample model.xlsx
The How It Works sheet of the sample wealth platform model

The sample describes no real business. Yours is calibrated to your own figures, so its results are your business’s.

How it works

How the model works for a wealth platform.

  1. How it earns revenue1 formula
    Platform administration fees · All funds
    Platform revenueAdministration feesCash account marginTransaction feesAccount-keeping fees
  2. What drives its costs3 formulas
    Distribution, platform and fund servicing costs · Across the business
    Distribution and fund servicing costsTransaction costsPer-fund administration feesCustody costs
    Operating expenses · Across the business
    Operating expensesStaff costs (annual)Marketing (annual)Occupancy (annual)Administration (annual)share of the year
    Customers, accounts and acquisition cost · Across the business
    Customer acquisition costsNew customersCustomer acquisition cost (CAC)
  3. What it invests in3 formulas
    Corporate fixed assets
    Capital expenditureRevenuefrom statementsCapex as % of revenueAdditional planned capex
    Corporate fixed assets
    DepreciationDepreciation of the opening asset baseDepreciation of new capex
    Corporate fixed assets
    Closing net book valueOpening net book valueCapital expenditureDepreciation
  4. How it is funded2 formulas
    Equity raising
    Equity raisedDistributions reinvested under the DRPOther equity raised (net of costs)Equity from an offer, milestone funding, conversions and creditor shares
    Dividends and distributions
    Closing dividends payableOpening dividends payableDividends declaredDividends paid
  5. How profit becomes cash3 formulas
    Working capital
    Trade receivablesRevenuefrom statementsDebtor daysDays in period
    Working capital
    InventoryDirect costs (positive)from statementsInventory daysDays in period
    Working capital
    Trade payablesCash operating costs (positive)from statementsCreditor daysDays in period
What it covers

19 parts, each one tested.

Every part is a tested building block with its own checks: yours is put together from the ones your business needs.

  • CPI forecastCPI glide path
  • Operating expensesOperating expense line items
  • Corporate costsFixed cost base indexed to CPI
  • Working capitalDays-based working capital
  • Income taxCorporate rate with tax losses
  • Corporate fixed assetsStraight-line over remaining life
  • Equity raisingDistribution reinvestment plan
  • Dividends and distributionsPayout of net profit
  • Discounted cash flow valuationDCF on free cash flow to the firm
  • Multiples valuationEV / EBITDA multiple
  • Distribution, platform and fund servicing costsPer-transaction servicing costsCosts that scale with funds under management or capital raised — trail and platform fees, placement agent fees, custody, fund administration and transaction costs borne by the manager.
  • Customers, accounts and acquisition costNew customers less churnActive customers or funded accounts of a digital financial service (neobank, BNPL, broker, crypto or wealth app) and the marketing and onboarding cost of winning them.
  • Licence capital and liquidity requirements (non-banks)NTA and liquidity requirementMinimum capital, net tangible assets and liquid funds required of licensed non-bank firms, and the surplus available for dividends.
  • Key-metric summaryStandard growth, margin and leverage metrics
  • Case selectionStackable stress toggles
  • R&D and capitalised developmentGross R&D × capitalisation rate
  • Interest-rate forecastMarket forward curve
  • FUM flows and market movementNet flows plus market movementFunds under management or administration rolled forward from inflows, outflows, market returns and currency.
  • Platform administration feesAdmin fees, cash margin and transaction feesAdministration, account, cash and transaction revenue earned by a wealth platform on funds under administration.
Key numbers

The numbers it tracks.

  1. 01FUA
  2. 02net inflows
  3. 03revenue margin (bps)
  4. 04accounts
  5. 05cash margin
  6. 06cost-to-income ratio
  7. 07EBITDA margin
Used for

What it is used for.

Also used for
  • Scenarios and sensitivities
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Every financial services model

Looking for a wealth platform financial model template? Ours arrives built for your business, with your figures in it.

See a finished model, sheet by sheet

The sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.