Nerd's Eye View

JANUARY 15, 2024

For financial advisors, an ongoing client service model often means finding ways to keep clients engaged and progressing toward their goals outside of the 1 or 2 typical client review meetings each year.

Clients 197

Clients Communication Financial Advisor Wealth Management 197

Million Dollar Round Table (MDRT)

SEPTEMBER 21, 2023

Lister, Dip PFS Despite our best intentions as financial advisors, sometimes we get in our own way with clients. To remove obstacles between yourself and clients, think of yourself as a paid communicator and not someone who sells. By Simon D.

Communication 83

Communication Clients Financial Advisor 83

WiserAdvisor

APRIL 12, 2024

The role of a financial advisor is indispensable in today’s world. These professionals serve as trusted guides, helping individuals understand the intricacies of investment, wealth management, and financial planning to achieve their long-term goals. How to determine a good financial advisor-to-client ratio?

Financial Advisor 52

Financial Advisor Clients Numbers Management 52

Indigo Marketing Agency

MARCH 14, 2023

As a financial advisor, it’s crucial to effectively communicate this event to your clients to help them understand the potential impact it may have on their investments and overall financial well-being. By doing so, you can help them make informed decisions about their financial future.

Communication 98

Communication Banking Clients Financial Advisor 98

Nerd's Eye View

NOVEMBER 14, 2023

Welcome back to the 359th episode of the Financial Advisor Success Podcast ! Eric is the Chief Financial Advisor and Co-Owner of Econologics Financial Advisors, an independent RIA based in Largo, Florida, that generates more than $4M of revenue while working with nearly 300 client households.

Financial Planning 195

Financial Planning Clients Planning Financial Advisor 195

Nerd's Eye View

APRIL 26, 2024

Also in industry news this week: The Federal Trade Commission released a final rule that would ban most non-compete agreements, which could lead to an increasing number of non-solicit agreements (and, potentially, lawsuits regarding their enforcement) between financial planning firms and their advisors The Securities and Exchange Commission issued (..)

Financial Planner 143

Financial Planner Commission Financial Advisor Communication 143

Nerd's Eye View

OCTOBER 5, 2023

For many financial advisors, financial planning advice traditionally focuses on optimization: tax-efficient, continually rebalanced portfolios are often designed to maximize a client's wealth throughout retirement. Then, by assessing the bottom-line impact of reaching their goal on their financial plan (e.g.,

Clients 221

Clients Financial Planning Financial Advisor Communication 221

Nerd's Eye View

OCTOBER 10, 2022

Communicating ongoing value to clients and prospects can be a challenge for financial advisors. Although there are many ways to articulate how an advisor can create value for a client, there is no guarantee that any one particular method will resonate with every potential client.

Communication 130

Communication Clients Financial Advisor Financial Planning 130

Million Dollar Round Table (MDRT)

AUGUST 13, 2023

By Bryce Sanders Whether prospects say it or not, there are virtues they’re looking for in financial advisors to be able to trust them and then build a long-lasting relationship. Here are seven virtues most prospects are seeking in ideal advisors. The ideal advisor needs all seven virtues. Communication.

Financial Advisor 79

Financial Advisor Clients Ethics Communication 79

Don Connelly & Associates

DECEMBER 5, 2022

Top financial advisors understand that superior client communications are paramount to building a successful practice. That is supported by a widely published survey by Financial Advisor Magazine, revealing that 72% of clients cite poor client communications as the number one reason they leave their financial advisor.

Communication 52

Communication Clients Financial Advisor Numbers 52

Nerd's Eye View

MARCH 20, 2023

When a prospect is looking for a financial advisor, understanding how much they will need to pay can often be a tricky proposition. Financial advisory firms have a wide range of options when it comes to displaying their fees on their website. the complexity of the prospect’s financial situation). Read More.

Communication 235

Communication Planning Financial Planning Fee Only 235

Nerd's Eye View

JANUARY 10, 2024

In initial discovery meetings, financial advisors face the challenge of eliciting specific goals from new clients – a crucial step for crafting a comprehensive financial plan.

Clients 219

Clients Financial Advisor Financial Planning Retirement 219

FMG

JULY 12, 2022

When stocks go down, communication from your financial advisor should go up. However, many financial advisors don’t know what to say to clients during times of extreme volatility. No one leaves their advisor for communicating too much. But they do for not communicating ENOUGH.

Communication 52

Communication Financial Advisor Clients Marketing 52

Nerd's Eye View

JANUARY 12, 2023

As comprehensive financial planning has become more widely adopted, many financial advisors have felt pressure to find new ways to differentiate themselves by demonstrating their unique value to clients.

Clients 181

Clients Communication Fee Only Financial Advisor 181

Indigo Marketing Agency

APRIL 16, 2024

It used to be that if you were a financial advisor, all you needed was a website to have credibility in the marketplace. Consider the exact phrases your prospects are likely Googling—like “financial advisor in [your city].” And since the SEC now allows financial advisors to utilize client testimonials, you can.)

Financial Advisor 52

Financial Advisor Engineering Education Communication 52

Nerd's Eye View

NOVEMBER 30, 2022

Almost every financial planning issue – whether it is retirement, investments, cash flow, insurance, or estate planning – has tax considerations, and advisors provide a great deal of value in helping clients minimize their overall tax burden.

Tax Planning 227

Tax Planning Compliance Taxes Financial Advisor 227

WiserAdvisor

FEBRUARY 21, 2023

If you wish to learn more about financial planning for elders, consider consulting with a professional financial advisor who can guide you on the same. Read below to understand how the elderly are vulnerable to being scammed financially, and how hiring a financial advisor could help protect them from fraud.

Financial Advisor 104

Financial Advisor Clients Estate Planning Education 104

eMoney Advisor

APRIL 4, 2023

As a financial professional, you are likely aware of what the media is calling the Great Wealth Transfer—where $84 trillion is set to be passed to younger generations over the next two decades. 1 But have you been putting any effort into ensuring you will continue to work with the heirs of this wealth when your older clients hand it over?

Education 97

Education Financial Advisor Clients Planning 97

Nerd's Eye View

MARCH 29, 2024

Nonetheless, Kitces Research suggests that when it comes to financial advisors, those with sufficient experience can often have both, with thriving advisors earning more and working fewer hours!

Financial Planner 182

Financial Planner Insurance Coverage Financial Advisor Communication 182

Million Dollar Round Table (MDRT)

MARCH 28, 2024

By Antoinette Tuscano Just as there are many types of clients, there are many ways financial advisors can work and communicate with their clients to build engagement. 4 ways to find more clients When you build a referral system, you build a growing business.

Clients 77

Clients Financial Advisor Communication 77

Nerd's Eye View

JUNE 15, 2023

For many financial advisors, keeping an open line of communication with clients is a key component of building trust, understanding the client’s values, and developing a meaningful plan to help them reach their financial goals.

Clients 176

Clients Investing Investments Communication 176

Nerd's Eye View

AUGUST 15, 2023

Welcome back to the 346th episode of the Financial Advisor Success Podcast ! Jim is the founder of MainStreet Financial Planning, an hourly, fee-only financial planning firm, and also created Procrastination Junction, a coaching program for fee-only financial advisors looking to improve their sales skills.

Fee Only 238

Fee Only Clients Financial Planning Financial Advisor 238

Nerd's Eye View

OCTOBER 19, 2023

Niching offers several advantages, allowing advisors to be more specific in their marketing, more targeted in their prospecting calls, and more efficient in their processes (since clients within a similar niche are likely to have similar problems, especially in niches of profession).

Clients 191

Clients Financial Advisor Financial Advice Financial Services 191

FMG

JANUARY 24, 2024

According to Smart Asset , only 11% of millennials use financial advisors regularly. Only about a third of financial advisors actively target millennials. That means many millennials need financial advice and plenty of opportunities for financial advisors.

Financial Advisor 52

Financial Advisor Marketing Marketing Communication 52

Indigo Marketing Agency

APRIL 4, 2024

Particularly for financial advisors, website design quality is of utmost importance—it’s a digital showroom of what your company can offer to the individuals and families who will trust you with their hard-earned wealth. Mobile-friendliness: Optimize your website for desktop computers, smartphones, and tablets.

Financial Advisor 52

Financial Advisor Compliance Consulting Certification 52

Nerd's Eye View

JULY 13, 2023

Establishing successful client relationships as a financial advisor relies on good communication skills not just to present information persuasively and with confidence, but also to establish client rapport that allows meaningful and engaging relationships to be built.

Clients 209

Clients Financial Planning Financial Planner Communication 209

Nerd's Eye View

DECEMBER 14, 2023

In the world of financial advisors, tradition often emphasizes technical numbers, structure, and a firm focus on solving financial problems. In our 127th episode of Kitces & Carl, Michael Kitces and client communication expert Carl Richards delve into Carl's latest project – the "50 Fires" podcast.

Financial Advisor 197

Financial Advisor Communication Clients Financial Planning 197

Nerd's Eye View

NOVEMBER 24, 2023

Also in industry news this week: A recent survey indicates that about 98% of clients are at least somewhat satisfied with their financial advisor and that an advisor’s ability to provide peace of mind when it comes to finances is a key driver of this satisfaction A study indicates that advisors can potentially boost client referrals by using (..)

Financial Planner 225

Financial Planner Communication Insurance Advertising 225

Nerd's Eye View

JANUARY 26, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" – this week's edition kicks off with the news of a survey indicating that about 90% of financial advisors would switch firms based on bad technology at their current firm, and that 44% have already done so. Read More.

Financial Planner 197

Financial Planner Retirement Planning Financial Advisor Retirement 197

Nerd's Eye View

FEBRUARY 21, 2023

Welcome back to the 321st episode of the Financial Advisor Success Podcast ! Danqin is a Lead Advisor for Austin Asset, an independent RIA based in Austin, Texas that oversees more than $1.3 billion in assets under management for nearly 400 client households. My guest on today's podcast is Danqin Fang. Read More.

Financial Advisor 130

Financial Advisor CFP Financial Planner Math 130

FMG

MARCH 4, 2024

Email marketing is still one of the most effective ways to reach your clients and prospects. A case study also found that 72 percent of consumers prefer email as their source of business communication. What Should be Included In a Financial Advisor Newsletter? Just follow our step-by-step guide: 1. Both are okay!

Financial Advisor 52

Financial Advisor Clients Communication Marketing 52

Nerd's Eye View

OCTOBER 6, 2022

When it comes to politically charged discussions, financial advisors generally try to stay neutral and focus on providing clients with objective financial advice. This can make it increasingly difficult for the advisor to work with these clients.

Clients 192

Clients Financial Advisor Financial Advice Financial Planning 192

Nerd's Eye View

NOVEMBER 2, 2023

Many financial advisors have found that serving a client niche not only helps them run a more efficient firm (as they work with clients facing similar planning issues), but also attracts more new clients (as they are able to offer a unique value proposition for clients within the niche).

Clients 177

Clients Retirement Planning Financial Advisor 177

Indigo Marketing Agency

AUGUST 23, 2023

These trendsetters now form the bulk of the global workforce, and as they ascend, they’re on the lookout for financial advisors who understand their evolving financial landscape. Beneath the surface, there are three compelling reasons why financial advisors should focus on millennials.

Financial Advisor 52

Financial Advisor Clients Retirement Planning Financial Advice 52

Nerd's Eye View

AUGUST 11, 2022

Many clients seek financial advisors for their expertise and their abilities to guide them through financial decisions. However, for some clients, the ambiguity that inevitably arises from uncertain outcomes can be very distressing, especially when it comes to investments during volatile times.

Clients 152

Clients Financial Planning Communication Financial Advisor 152

Indigo Marketing Agency

APRIL 28, 2023

Financial Advisor Bio Most financial advisors haven’t completely filled out their LinkedIn profiles. They often have trouble writing about themselves and the benefits they offer clients. Here’s an example of my LinkedIn tagline: Why Do Clients Choose You Over Competitors? Here’s my LinkedIn summary.

Financial Advisor 98

Financial Advisor Clients Compliance Wealth Management 98

Nerd's Eye View

APRIL 12, 2024

Also in industry news this week: A recent study indicates that advisors charging clients on a monthly subscription basis hiked their fees by an average of 6% in 2023, raising the salience of how advisors can most effectively communicate fee increases to clients A survey suggests that while financial advisors are increasingly aware of Artificial Intelligence (..)

Financial Planner 199

Financial Planner Recruitment Insurance Financial Advisor 199