Nerd's Eye View

JULY 11, 2024

Meaningful communication is crucial to building strong, durable relationships, and asking effective questions is an essential part of facilitating impactful conversations. More often, initial outreach from a prospect occurs because there's some urgent issue they need help with.

Clients 167

Clients Communication Financial Planning Financial Advice 167

FMG

APRIL 12, 2023

Client communication is easily one of the most crucial elements of a successful business. Being able to efficiently and effectively communicate with clients can be the difference between satisfied customers and scathing reviews. Now, here are 4 tips for creating your communication strategy.

Communication 52

Communication Financial Advisor Clients Financial Planning 52

Nerd's Eye View

AUGUST 28, 2024

Historically, advisors haven't had many avenues to manage clients' 401(k) plan accounts, since unlike traditional custodial investment accounts, advisors generally lack discretionary trading authority in employer-sponsored retirement plans.

Assets 224

Assets Management Clients Compliance 224

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. Others use frequent emails to stay in regular contact, sending reminders or helpful information relevant to their clients.

Clients 196

Clients Communication Fee Only Financial Advisor 196

Don Connelly & Associates

AUGUST 14, 2023

We spend a lot of time and space here harping on the importance of client communications because, more than anything else you do in this business, it can make or break you. We’ve discussed that 72% of clients who fire their financial advisors do so due to poor communication.

Communication 52

Communication Financial Advisor Clients Management 52

Don Connelly & Associates

AUGUST 14, 2023

We spend a lot of time and space here harping on the importance of client communications because, more than anything else you do in this business, it can make or break you. We’ve discussed that 72% of clients who fire their financial advisors do so due to poor communication.

Communication 52

Communication Financial Advisor Clients Management 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 224

Clients Financial Planning Financial Planner Communication 224

Nerd's Eye View

OCTOBER 20, 2022

In recent years, politically charged topics have become the forefront of news and media, and with the rise of access to digitally distributed media, it has become commonplace for clients to have concerns about the possible impact of political events on their portfolios.

Portfolio 211

Portfolio Clients Financial Planning Communication 211

Nerd's Eye View

APRIL 26, 2023

accounting reports, client contract templates, and a surety bond) and filing an annual renewal fee near the end of the year. After year-end, firms typically have until March 31 to submit an annual amendment to their Form ADV Part 1 and Part 2A/2B, and until April 30 to offer a copy of their updated Form ADV to their clients.

Compliance 242

Compliance Clients Advertising Accounting 242

Nerd's Eye View

NOVEMBER 6, 2024

In the early days of financial planning, serving clients often meant developing transactional relationships focused on facilitating trades and selling insurance. Today, the industry has evolved further, with a growing emphasis on aligning financial decisions with clients' personal priorities and life goals.

Clients 130

Clients Planning Financial Planner Financial Planning 130

Nerd's Eye View

NOVEMBER 4, 2024

And for #AdvisorTech companies who want to submit their tech announcements for consideration in future issues, please submit to TechNews@kitces.com !

Estate Planning 188

Estate Planning Planning Communication Taxes 188

Nerd's Eye View

APRIL 26, 2023

accounting reports, client contract templates, and a surety bond) and filing an annual renewal fee near the end of the year. After year-end, firms typically have until March 31 to submit an annual amendment to their Form ADV Part 1 and Part 2A/2B, and until April 30 to offer a copy of their updated Form ADV to their clients.

Compliance 243

Compliance Clients Advertising Accounting 243

Indigo Marketing Agency

AUGUST 22, 2024

5 Steps to Client Retention for Financial Advisors As a marketing agency for financial advisors, we post a lot about growing your business and attracting new clients. But all too often we see financial advisors ignore marketing when it comes to how to retain clients once they’ve signed. BOOK A FREE CALL NOW!

Financial Advisor 52

Financial Advisor Clients Communication Education 52

Nerd's Eye View

APRIL 24, 2023

Financial advisors will sometimes talk about ‘bad’ clients who don’t act on the advice being provided. Advice Engagement is a framework that can help advisors address the challenge of motivating clients. by breaking the data-gathering process into stages to collect information incrementally); advice delivery (e.g.,

Financial Planning 229

Financial Planning Clients Planning Education 229

Nerd's Eye View

MAY 10, 2023

In meetings with current and prospective clients, asking follow-up questions can be a valuable tool for uncovering information about the client’s underlying values, goals, and motivations… and for deepening the personal connection that drives the advisor-client relationship.

Clients 216

Clients Communication 216

Nerd's Eye View

NOVEMBER 29, 2023

The traditional way that most financial planning has been offered was for an advisor to create "The Plan": a comprehensive document outlining a client's financial strategy that was delivered either on a one-time basis or updated annually.

Planning 229

Planning Financial Planning Clients Communication 229

Indigo Marketing Agency

JANUARY 25, 2022

But as a financial advisor, how should you communicate with your clients about market volatility? And can you use the events to find opportunities to get new clients? But your clients are likely nervous about the recent market volatility and may want to hear from you. Why You Should Communicate During Volatility.

Communication 52

Communication Clients Marketing Marketing 52

Million Dollar Round Table (MDRT)

AUGUST 8, 2023

By Kate Zabriskie To prospects and clients, financial advisors seem to offer similar products. The difference is in client service. In this area, there may be much room for improvement as sometimes we unnecessarily complicate service and client interactions.

Clients 83

Clients Communication Financial Advisor Numbers 83

Nerd's Eye View

MARCH 15, 2023

For instance, ensuring clients maintain the proper insurance coverage based on their needs is an important part of the financial planning process. At the same time, clients face another class of risks that advisors often do not consider: cyber. stealing a client’s financial assets that are accessible online), identity theft (i.e.,

Clients 229

Clients Management Wealth Management Insurance Coverage 229

Million Dollar Round Table (MDRT)

SEPTEMBER 8, 2024

By Antoinette Tuscano, MDRT senior content specialist You hope you never get them, but misunderstandings and client complaints can happen. Even with the best of intentions, it’s easy for anyone to forget, misinterpret or mishear information. Dipp Metzger, CFP, MSFS.

Clients 88

Clients Ethics CFP Communication 88

Nerd's Eye View

JUNE 1, 2023

And since managing the client relationship – a key responsibility for lead advisors – relies so heavily on nuanced ‘soft’ skills that are gained only through direct experience, finding ways to get hands-on experience is crucial for associate advisors to demonstrate their value and gain the skills to advance in their careers.

Communication 220

Communication Financial Advisor Clients Management 220

Harness Wealth

SEPTEMBER 23, 2024

Key Takeaways: CRM system centralizes all client and prospect information, helping tax firms manage client interactions and replacing manual systems like spreadsheets. A client portal serves as a one-stop shop for client collaboration and managing client tasks. Table of Contents: The Basics: What is a CRM?

Taxes 52

Taxes Clients Management Communication 52

Nerd's Eye View

DECEMBER 27, 2023

Financial advisors have a fiduciary obligation to act in their clients' best interests, and at the same time are prohibited by state and SEC rules from making misleading statements or omissions about their advisory business.

Financial Advice 214

Financial Advice Communication Compliance Clients 214

Nerd's Eye View

MAY 24, 2023

Screening calls are a common part of the prospecting process for financial advisory firms, particularly those that receive a large number of inquiries, and can help determine whether a prospective client might be a good fit. Which could help get what could become a long-term relationship off on the right foot! Read More.

Clients 246

Clients Assets Financial Advisor Planning 246

Nerd's Eye View

AUGUST 28, 2024

Historically, advisors haven't had many avenues to manage clients' 401(k) plan accounts, since unlike traditional custodial investment accounts, advisors generally lack discretionary trading authority in employer-sponsored retirement plans.

Assets 200

Assets Management Compliance Retirement Planning 200

Nerd's Eye View

MAY 10, 2023

In meetings with current and prospective clients, asking follow-up questions can be a valuable tool for uncovering information about the client’s underlying values, goals, and motivations… and for deepening the personal connection that drives the advisor-client relationship.

Clients 182

Clients Communication 182

Million Dollar Round Table (MDRT)

AUGUST 13, 2023

You and the client are on the same side of the table. Honest clients want to work with other people who share that value. People who trade on inside information often fall under scrutiny and get caught. People who trade on inside information often fall under scrutiny and get caught. Communication. Confidentiality.

Financial Advisor 85

Financial Advisor Clients Ethics Communication 85

Million Dollar Round Table (MDRT)

JULY 14, 2024

By Liz DeCarlo, MDRT Content Manager Ted Rusinoff, a 17-year MDRT member from Stow, Ohio, USA, can distill client meetings into three critical questions that will yield long-term results for both clients and advisors. Start by asking clients to look at what assets they have today. Why do you own it?

Clients 89

Clients Insurance Management Assets 89

FMG

OCTOBER 13, 2022

According to Financial Advisor Magazine, poor communication is the number one reason clients leave their financial advisor. And during times of volatility, timely and effective communication is doubly important. Going too quickly can often result in poor quality, which can be almost just as bad as never communicating. .

Communication 52

Communication Financial Advisor Clients Marketing 52

Harness Wealth

SEPTEMBER 23, 2024

Key Takeaways: Too many tax practices are bogged down in commoditized administrative tasks and compliance work, making it challenging to cross-sell services to expand client relationships. The more a firm can either automate processes or outsource tasks, the more time it’ll have to build deeper client relationships.

Taxes 52

Taxes Clients Compliance Tax Planning 52

Nerd's Eye View

FEBRUARY 9, 2023

While finding prospective clients who are a good fit for the firm can be challenging, what can be even more challenging is letting a prospect who doesn’t meet the firm’s asset minimum requirements know that they wouldn’t be a good fit for the firm.

Assets 214

Assets Communication Financial Advisor Financial Planning 214

Nerd's Eye View

MAY 10, 2024

Also in industry news this week: The latest Social Security trustees report offered a slightly rosier picture for the health of the various Social Security trust funds thanks to improved economic conditions, though they warned that time is running out for legislators to take action to ensure the system will be able to pay out full benefits beyond the (..)

Financial Planner 228

Financial Planner Retirement Planning Retirement Valuation 228

Nerd's Eye View

FEBRUARY 23, 2023

For most financial advisors today, a website is a critical tool that allows them to market their services and communicate their fees to potential clients. This can help prospects decide whether the working relationship would be a good fit for them and give them greater confidence in the value of hiring the advisor.

Financial Planning 196

Financial Planning Planning Financial Planner Financial Advisor 196

FMG

OCTOBER 2, 2024

You’re juggling client meetings, market analysis, and a never-ending stream of communications. But what if there was a way to streamline your client interactions and boost your productivity? By enabling texting on your office line, you ensure that all client communications come through a single, familiar number.

Financial Advisor 52

Financial Advisor Communication Clients Compliance 52

Trade Brains

MAY 7, 2024

Cryptography:- It is a method to secure information and communication from unauthorized access by the process of encryption. It also assures secure data, privacy and a glitch-free user interface for traders to make informed trades.

Education 59

Education Accounting Portfolio Marketing 59

Don Connelly & Associates

MAY 29, 2023

They have found that prospecting with a more targeted approach, focusing more narrowly on clearly defined ideal client types based on a readily identifiable market segment or niche, increases both efficiency and results. The post Conducting Client Research to Boost Prospecting Results appeared first on Don Connelly & Associates.

Clients 52

Clients Communication Marketing Marketing 52

Don Connelly & Associates

JUNE 24, 2024

Even though overeducating your clients can intimidate or overwhelm them into analysis paralysis or lost trust, still, one of your critical roles as a financial advisor is empowering your clients to make informed decisions. Financial advisors who prioritize client education foster trust and instill confidence in their clients.

Education 52

Education Financial Advisor Clients Communication 52