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Making the Case for Financial Advisors to Embrace Social Media

Social media evangelists argue that the popularity of the new medium reflects a profound shift in the way investors scout for financial advice, making online social channels too important for advisors to ignore.

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Making the Case for Financial Advisors to Embrace Social Med

Postby stephsamm » Wed Oct 26, 2011 7:24 pm

I don't know that the author listened to the webinar today because the following quote within this article is a misstatement:

"In terms of hard dollar ROI, from where we stand it's going to be different from advisor to advisor," said Stephanie Sammons, CEO of the social media marketing firm Wired Advisor. "It's very difficult to quantify."

I never said this, and I wouldn't be in the business of teaching advisors how to evolve their practices in the age of social media if I didn't feel that it would contribute to their growth and success. The expectation for participating in social media should be a "return on relationships". The ROI is an ROR, and to achieve that ROR there must be a strategy for systematic engagement in place. If relationships are important to your business, then you need to be in the business of social media.

That is what I said!

Stephanie Sammons
CEO, Wired Advisor
http://www.wiredadvisor.com
stephsamm
 
Joined: Thu Apr 01, 2010 12:43 pm

Re: Making the Case for Financial Advisors to Embrace Social Med

Postby lbarrett » Thu Oct 27, 2011 2:30 pm

Stephanie-


I'd like to apologize for the errant misattribution in the story. The author unintentionally but erroneously attributed the quote to you. A corrected version of the story with the proper attribution will be posted shortly. Again, we're sorry for this error and appreciate you bringing it to our attention.



Larry Barrett, online managing editor, IAG
lbarrett
 
Joined: Thu Feb 10, 2011 3:07 pm




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