Get Started

    Ask any financial advisor about their most valuable asset, and every single one would probably tell you—it’s trust.

    But according to recent data issued by the CFA Institute, some advisors may be struggling in this area.

    In their latest Trust Report, the CFA Institute says only 59% of retail investors feel their advisor is the most trusted source of investment advice. And only 25% of institutional investors believe their investment firm always puts their interests first.

    Establishing Trust in a Skeptical, Virtual World

    People today have been conditioned to question their sources of information. In many ways, this is a good thing; in others, it may not be so good. People need to think critically about the information they consume, but they also need to recognize trustworthy guidance when they see it. Either way, trust in these sources can only be established over time if their information is deemed by the recipient to be true.

    In today’s virtual world, this requires a solid handle on digital marketing.

    If you’re using your website, email, and other digital channels to communicate with clients and prospects, you’re already involved in at least some aspect of digital marketing. But is it enough? 

    If you’re like most advisors, probably not. In fact, the latest J.D. Power’s research shows that advisors need to evolve and develop their digital communication options. Younger investors (under 40) actually prefer communicating through digital channels and have ramped up their digital activity because of the availability of mobile options.

    Learn how AssetMark can make a difference in your firm's business performance.

    Digital Marketing Helps Advisors Regain Control

    Digital marketing doesn’t come naturally to many financial advisors. Financial advisors understand that the primary focus of their business is people—not wrangling with digital technologies.

    While digital marketing does require you to embrace new skills and technologies, if it’s done right, you’ll discover how easy it is to demonstrate your value without leaving your home. You can build trust through a computer screen. This means that when global events disrupt the industry, when clients' wants and needs rapidly evolve, when new technology forces everyone to change how they work, you can still assert control over the future of your business.

    The first step is creating a marketing plan that includes digital marketing activities. If you’re among the majority of advisors we’ve recently spoken with, you don’t have one. If you do have one, you likely haven’t implemented it. 

    Building a Marketing Plan

    It is both critical and challenging, now more than ever, to build trust with your clients. How does having a marketing plan help build trust? It ensures that content marketing—email, blogging, podcasting, public relations, and contributed articles—are infused into your communications strategy. By communicating your expertise, you’re not only generating brand awareness—you’re also establishing all-important credibility.

    Combine that with all the other particulars you communicate about yourself and your business (such as your passions and inspirations) and all the ways you interact with clients and prospects, and you’ll be well on your way toward building the trust that keeps your investors and business growing. 

    Keep in mind that what works for some advisors doesn't always work for others. You may be a great writer but not the strongest of public speakers. This may make you a compelling blogger but an uninspiring podcaster. If the activity doesn’t work for you, don’t waste your time on it. Instead, embrace the activities you enjoy, and the style that works for you. People will sense that the information you convey is coming from a place that’s caring, knowledgeable, and trustworthy.

    When it comes to actually crafting a marketing plan, you can start by reviewing some of our resources. Read through our Build Your Simple, Smart Marketing Plan guide and use our 12-month marketing calendar to put your marketing plan into action.

    When it comes to building a prospect communication strategy, you might find valuable information in our blog post, Busting 3 Myths about Financial Advisor Client Communication. If a lack of time is what’s holding you back from expanding your marketing efforts, check out 5 Tips to Grow Your Practice When You’re Feeling Overwhelmed.

    business consulting brochure download

    Tag(s): Clients , Marketing


    AssetMark is a leading provider of extensive wealth management and technology solutions that help financial advisors meet the ever-changing needs of their clients and businesses.

    August 3, 2022

    Financial Planning: When You Should Offer White Glove Level Services

    It’s a financial advisor’s job to look after their clients’ finances, including creating a financial plan based on their overall financial goals and specific investments....
    July 27, 2022

    6 Biggest Marketing Mistakes of Financial Advisors and What to Do Instead

    An old adage says, “There’s no such thing as bad publicity.” Unfortunately, the adage doesn’t apply to marketing. For financial advisors starting out, the learning curve may...
    July 20, 2022

    Advisor Independence: Why Now Is a Good Time to Make the Switch

    Starting an RIA (Registered Investment Advisor) firm can be a massive opportunity for financial advisors who want to build monetary value in an independent business. While...

    Sign Up For Our Blog

    Subscribe to get updates on new content.