AI Should Make Advice More Human
Key Takeaways Comfort with AI-generated financial advice nearly doubles, from 31% to 52%, once a financial advisor verifies it (CFP Board, 2024). 94% of advisors...
Author: Jules Lewin
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Business Operations, Client Experience, Client Relationships, Clients, Growth, HNW/UHNW, Next Generation, Practice Management7 Tips for Client Reviews that Get Referrals
Your ability to attract and retain clients means everything to the success of your financial advisory practice. Excellent client experiences can help you retain existing clients and attract new prospects. However, it’s impossible to offer valuable financial insights and services without a solid understanding of your client base.
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Quick Guide: Financial Advisor Marketing Plans
How do you attract new prospects and convert them into new clients? You can’t help people with wealth management or financial planning if you can’t reach them. Financial advisors should create a strategic and measurable marketing plan designed to increase their reach and drive small business growth.
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5 Paths to Independence as an RIA
What is making more advisors interested in breaking away to pursue independence? Some of the top reasons that advisors choose to start their own firms include a higher earning potential, more freedom to make decisions for their clients, business autonomy, and professional legacy. However, not all paths to…
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How to Build Effective Financial Advisor Team Structures
You know what they say: Two heads are better than one. In the case of financial advisory practices, that might be three, four, or many more.
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Niche Marketing: How Financial Advisors Stand Out in a Crowded Market
As a financial advisor, it can be challenging to stand out in a crowded market. That's where niche marketing comes in. By focusing on a specific target audience or area of expertise, you can differentiate yourself from the competition and attract clients who are looking for exactly what…
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Tax Tips in 2023: Capital Gains, Wash Rules & Tax-Loss Harvesting
Smart investing is about finding opportunities in all market environments. As stocks and bonds continue to face the roughest terrain since 2008, widespread losses in portfolio value are a reality for both investors and advisors alike. But rather than dwelling on the drops, now is the ideal time…
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Cash Solutions, Client Acquisition, Client Experience, Client Relationships, Clients, Financial Planning, HNW/UHNW, Investment Management, Market Insights, Market Volatility, Practice Management8 Lessons Learned From the 2008 Recession That Are Applicable Today
No two recessions are alike, yet many repercussions for employers, investors, and financial advisors are similar:
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Retiring During a Recession: Key Planning Strategies
Here we stand, hoping we are on the other side of the pandemic, looking at the wreckage. A harsh economy, high expenses, and a bear market. From every angle, it feels ominous. Making a major life change during a downturned market can be scary.
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Client Experience, Client Relationships, Clients, Investment Management, Market Insights, Market VolatilityCash Accounts and FDIC Insurance: What You Need to Know About High-Yield Savings and High Yield Cash
In light of recent developments in the banking sector, many people are understandably concerned about the safety of their cash balances. Particularly, of concern are large deposits beyond the Federal Deposit Insurance Corporation (FDIC) insurance limits. In this article, we’ll discuss what happened and a simple solution that…
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Client Experience, Client Relationships, Clients, Investment Management, Market Insights, Market VolatilityToughest Client Questions Answered by Leading Financial Advisors
Your clients may be worried about the value of their investments and the state of the economy, among other things. As an advisor, you can’t predict the future, but you can offer well-thought-out strategies and sage advice.
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Branding, Business Model, Business Planning, Estate Planning, Financial Planning, Growth, HNW/UHNW, Next Generation, Practice Management, Retirement Planning, Values-Driven Investing7 Ways to Diversify Your Revenue Sources as a Financial Advisor
Market volatility, economic concerns, and rising inflation are just a few of the current issues causing advisors to take a deeper look at their business offerings. When the climate is uncertain, business owners are smart to diversify their options and avoid keeping all their eggs in one basket.
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SECURE 2.0 Act: What You Need to Know
On December 29, 2022, the SECURE 2.0 Act was signed into law. The new legislation aims to strengthen the retirement system and help bolster Americans’ financial readiness for retirement.
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Business Operations, Business Planning, Growth, Market Insights, Market Volatility, Practice Management6 Tips to Create a Business Continuity Plan for Trying Economic Times
Individuals can’t control economic and market conditions. However, business leaders can certainly take steps to mitigate the negative impact of market volatility and improve profitability by being prepared. Financial advisors have an important role to play in keeping their clients informed, providing timely insights, delivering prompt service, and…
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How Centers of Influence Can Influence Your Bottom Line
You’ve improved your overall practice management, your client service is top-notch, and you’re seeing unsolicited referrals become new clients. Maybe you understand why the financial services industry has long recognized the power of referrals in attracting new business. The numbers are clear on how referrals can help boost…
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Community-Based Marketing: Jump Start Your Marketing in 2023
Where does your business fit in? Building business recognition as a successful brand means understanding your customer base and the things that matter to them. Community-based marketing meshes your brand’s values with something impacting your customer base.