Financial Planning Blog

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Get insights, strategies and research from the AdvisorEngine team to create a better client experience for your clients and drive growth for your firm.

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Client Segmentation  |  Financial Advisors  |  Investment Advisors  |  Wealth Management

Client segmentation for financial advisors: How to implement

Advisory firms are moving beyond the traditional classification of clients by their assets and the revenue they generate. In this second part of our AdvisorEngine Learning Center’s series, client segmentation for financial advisors, I’ll explore how clients can be segmented beyond assets under management. I will also look at how (or should) an RIA widen or ‘soften’ its target market to a younger, less affluent demographic, taking advantage of cost-efficient digital technology.

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CRM  |  Financial Advisors  |  Fintech  |  Investment Advisors  |  Junxure CRM  |  Wealth Management

8 ways to CRM success for financial advisors

Financial advisors often ask, “What can I do to drive CRM success at my firm?”  Implementing, adopting, and maximizing a CRM system is a challenge for any organization. It’s a change that requires buy-in from your whole team. The right CRM can automate your daily processes, save you time and money, and allow you to focus on the most important thing -- your clients. Whether you are converting to a new CRM or looking to drive user adoption in your current system, here are eight ways to help drive success. I hope these tips come in handy for your firm’s CRM journey.

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Blog Feature

CRM  |  Financial Advisors  |  Investment Advisors  |  Wealth Management

Client segmentation for financial advisors

Client segmentation can dramatically enhance an RIA’s efficiency, profitability, growth and client satisfaction. In this first of a three-part series, I examine why firms should consider segmenting clients into different tiers and how to implement this discipline. In part two, I will explore the criteria used to segment clients and how the practice can broaden an RIA’s target market. And part three will include the challenges the practice poses and some practical Dos and Don’ts for optimal execution.

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Advisor Marketing  |  Financial Advisors  |  Investment Advisors  |  Marketing Strategies  |  Wealth Management

Personal branding for financial advisors

As a financial advisor, you are your brand. Just like a lawyer, doctor or any other professional, trust in the services you offer as a Registered Investment Advisor (RIA) -- financial planning, investment management, and tax planning -- is dependent on how well they are performed but also the interactions clients have with you.

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Advisor Marketing  |  Compliance  |  Financial Advisors  |  Investment Advisors  |  Marketing Strategies

7 marketing and business development compliance tips for financial advisors in 2021

Advisors budgeting resources for their practices in 2021 should make marketing and business development compliance a top priority.  Several changes are expected this year and RIAs will be well-served to focus on the new and evolving regulatory requirements.   The most significant is the new SEC Marketing Rule, which will modernize the industry’s marketing rules for a digital age but also usher in fresh scrutiny. To guide you, I’ve compiled a checklist of seven practical tips that you and your team can print off and refer to. Take a moment to review them to be prepared compliance-wise for 2021 and beyond.

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Advisor Marketing  |  Financial Advisors  |  Investment Advisors  |  Marketing Strategies  |  Wealth Management

Best LinkedIn headlines and practices for financial advisors

Your first exposure to potential clients is now going to be online.  So ensuring your digital presence is strongly presented and communicates your value is crucial -- our research shows almost half of all clients pass on an advisor based on what they find about them online. One essential element to a strong digital presence is your LinkedIn profile. Unlike other social media sites, LinkedIn has become the networking platform of choice for professionals. It’s also where a potential client considering you will likely go to find out more about you.  If you are not utilizing LinkedIn, now is the time to get started. While simply having a LinkedIn profile is a good start, having one that stands out will set you apart from the competition.

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