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.”
-
Allowing artificial intelligence to make investment management decisions poses an organizational threat, according to the majority of advisors in Financial Planning's AI Readiness Survey.
October 14 -
Also remarkable: the size of the teams that are leaving and the types of firms benefiting from the defections, a new report from Diamond Consultants finds.
October 14 -
After a steep decline last quarter, Citi's wealth division rebounded in the third quarter with a record level of net new investment assets.
October 14 -
The fact that many financial advisors say they do not provide tax planning belies how much value they may add through that service, according to an expert.
October 14 -
Wells Fargo CEO Charlie Scharf also points to investments into the firm's independent channel as helping to retain advisors and curtail departures to other firms.
October 14 -
A new study finds many Americans are risking their own retirement security and health to support family members — with Gen X workers most at risk.
October 14