If you can’t articulate the value you provide clients, why should anyone else be able to?
“Stop winging” your value statement and instead craft a compelling sentence that summarizes your true value, says Chris Kirby, a senior business consultant for Securities America. Then practice and rehearse delivery of your “elevator speech.”
Once advisors clearly define the true value of their service, they should incorporate that statement seamlessly into their daily lives, building a consistent “brand” for themselves and their businesses, Kirby says.
“Include your value statement as part of each communication to your team, to current and potential clients and in your valued professional relationships,” he says. “This makes it easier for clients and professionals to describe the value you offer to others.”
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Schwab, Vanguard and Fidelity barred the DAFs they sponsor from making grants to the indicted nonprofit. The episode highlights why advisors should help clients choose fund sponsors carefully.
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The report by ISS Market Intelligence displays both a large uptick in moves by financial advisors and other reps last year and trends over the past decade or more.
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Amid geopolitical uncertainty and fears of a trade war, family offices also show a preference in investing in developed markets.
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A presentation by Succession Resource Group shares the key pitfalls to avoid for RIAs seeking to create succession plans and recruit financial advisors.
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Morningstar research suggests that while expenses drop in retirement, so, too, does income. Findings suggest some considerations for retirement planning.
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If married clients are heading for a divorce, experts share how to guide a dividing household, from setting strict communication boundaries to knowing your legal limits.
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