- How to Grow Your Client Base as a Financial Advisor
How do financial advisors get more clients? It’s a commonly asked question and one that you might have pondered many times if you’re hoping to scale and grow your business. There’s no magic secret or key to how to grow… read more…
- Client Acquisition Strategies for Financial Advisors
Acquiring new clients is essential for fueling growth in your advisory business but there’s no single way to approach it. Some of the most effective client acquisition strategies for financial advisors can include cold calling, digital marketing or in-person networking.… read more…
- Financial Advisor Client Retention Strategies
Acquiring new clients is one of the top priorities for your business. But client retention is equally important. A high client turnover rate can be detrimental to your bottom line. And it may deter new prospects from seeking you out.… read more…
- The 6 CFA Exam Prep Courses and Books to Consider
Becoming a chartered financial analyst means first passing the CFA exam. It’s not uncommon to spend 300 hours or more studying for each of the three levels of the exam, meaning you’re looking at a total investment of 900+ hours… read more…
- Advisors Eye Whether They Should Recommend a 4% Withdrawal Rate in 2023
The 4% rule for calculating portfolio withdrawals has been a tool advisors use to help clients plan for retirement since its inception in the 1990s. In that time, it’s become perhaps the most well-known retirement planning rule of thumb. But the… read more…
- 5 Common Mistakes High-Net-Worth Clients Make
When it comes to advising high-net-worth clients, financial advisors have a lot at stake. That’s especially true when it comes to helping clients steer clear of common mistakes and pitfalls. “Addressing common client mistakes looks different with high-net-worth clients because… read more…
- How Advisors Can Use ChatGPT and AI to Grow or Streamline Business
Recently, buzzy artificial intelligence tools have demonstrated the capability to shake up nearly any industry. That includes financial advising. In recent months, artbots like DALL-E have shown how they can create works of art, while chatbots like ChatGPT can write… read more…
- 7 Tax Pitfalls Financial Advisors Should Avoid This Season
Some financial advisors may be tempted to wash their hands of taxes and leave them to the accountants. But that approach doesn’t ensure the best outcome for their clients. Great financial advisors know that, while the calendar has turned over on 2022,… read more…
- Professional Organizations for Financial Advisors
Joining one or more professional organizations can be a smart move for any advisor who’s interested in scaling. Financial advisor professional organizations often provide opportunities for networking, enhancing your education and building a sense of community. If you’re looking for… read more…
- 5 Courses to Help You Prep for the CFP Exam
Taking the CFP exam can be an important step in advancing your career and it’s important to prepare for it thoroughly. Utilizing CFP exam prep materials and resources can help you better understand the scope of the test and what… read more…
- What Does More CFP Professionals Mean for the Industry?
Each year, thousands of freshly certified financial planner (CFP) professionals enter the industry. In 2022, more than 9,600 new certificates were issued, which was a gain of 5% in a single year. As the CFP designation has grown in popularity,… read more…
- 12 Podcasts for Financial Advisors
Tuning into financial podcasts can be a great way to track the latest industry trends and developments, level up your marketing game or simply learn new skills that you can use to grow your business. With so many financial advisor… read more…
- Will the M&A Market Stay Red Hot for Advisors in 2023?
For advisors, 2022 wasn’t just a year defined by high inflation and market volatility. It was also a blockbuster year for mergers and acquisitions (M&A) within the wealth management sector. In 2022, a record number of transactions were announced, according to… read more…
- How to Network as a Financial Advisor
Networking can be a great way to build your professional contacts list and engage with prospective clients. After all, you’ve likely heard that it’s who you know, not what you know, that matters in business. And that’s true to some… read more…
- Social Media for Financial Advisors: 5 Ways to Drive Business
Social media offers virtually endless possibilities for scaling your business and its value is not to be underestimated. With billions of people using social media channels to connect and consume information, advisors are increasingly taking notice of its possibilities. For… read more…
- Is Being a Financial Advisor a Layoff-Proof Job?
The last cyclical recession wiped out financial services. Entire firms melted down, and professionals, ranging from personal advisors to institutional investors, lost their jobs. In 2023, talk of a recession is on the horizon again. Now, however, the larger economic signals are… read more…
- How Advisors Are Approaching Inflation in 2023
Consumers and investors aren’t the only ones worried about inflation. Rising prices remain top of mind for financial advisors, who continue to field questions from clients about inflation’s impact on their financial plans. The good news is that inflation appears… read more…
- FTC Bans Non-Compete Clauses. What Does It Mean for Financial Advisors?
A proposed rule from the Federal Trade Commission (FTC) could ban employers from binding up employees with non-compete clauses. If passed, this rule could increase career opportunities for millions of Americans. And it could change the way employers endeavor to… read more…
- Social Media Marketing Tips for Financial Advisors to Grow Their Business
Millions of people use social media every day. And there’s likely a huge gap in your marketing plan if you’re not leveraging them to promote your advisory business. Social media platforms offer an opportunity to connect with prospects and current… read more…
- Digital Marketing Strategies for Financial Advisors
In a tech-driven age, digital marketing is integral to growing and scaling your advisory business. Social media is an important component, but digital marketing strategies encompass much more than that. If you’re not exploring its possibilities yet, you could be… read more…
- Email Marketing Strategies for Financial Advisors to Grow Their Business
Digital marketing is reshaping the way advisors connect with prospective clients. Email marketing is one branch of that and it can be an effective way to communicate with clients while fostering trust. In short, email allows you to put your… read more…
- How Financial Advisors Can Improve Client Engagement
Finding new clients can take up a significant amount of time and energy in your business. And once you get them, you have to keep them. That’s where client engagement becomes paramount. Engagement is part of an overall marketing strategy… read more…
- Understanding the Financial Planner Career Path
The job outlook for financial planners, professionals who help clients build long-term strategies for retirement and meet other financial goals, appears strong. According to the U.S. Bureau of Labor Statistics, jobs in this area are projected to grow 15% from 2021… read more…
- How Advisors Are Approaching Bonds in 2023
The bond market was one of 2022’s big question marks. Last year’s stock market took a big hit. Marked by significant volatility, the S&P 500 ended the year down about 20%. But bear markets happen, and stocks are known for… read more…
- Brokers, Take Notice: Industry Watchdogs Eye Reg BI Compliance
Financial professionals recently received a reminder that industry overseers are closely monitoring how firms are implementing standards and practices under Regulation Best Interest (Reg BI). In mid-January, the Financial Industry Regulatory Authority (FINRA) issued an annual report that, among other… read more…