Abstract: A practice management benchmarking tool may provide actionable feedback on practice and individual financial advisor performance that may identify how participants can improve their business. For example, the tool may provide a customized report that compares a practice's performance against other, relevant, local practices. The tool may also include an industry trend report that summarizes industry performance and compensation. An industry trend report may be relevant to larger corporate financial services companies with regional or national interests. The tool may provide a comparison analysis of a financial advisor practice according to three areas: 1) productivity and growth, 2) expenses, staffing, and profitability, and 3) individual financial planner productivity and pay.