A successful social media strategy will take time, so make your efforts as efficient as possible.
“There's no doubt that social media can be time consuming,” says Robert Sofia, co-founder of coaching firm Platinum Advisor Strategies. Don't let this overwhelm you, he adds. “You shouldn't feel like you need to be on social media all day.”
The remedy? Budget your time. “Budget a mere 15 minutes in the morning and 15 minutes at the end of the day to update and review your profiles,” Sofia says. He also recommends hiring an outside company to create some posts and status updates for you, which you can then supplement with your own posts.
“While you should be using social media, your time is better spent in front of current and potential clients,” Sofia says.
For busy advisors, Maggie Crowley, marketing coordinator for Advisor Websites offers another option. “One way to lighten the load, so to speak, is to use a tool like
Hootsuite is an automated service that allows users to schedule posts in advance from multiple social media channels. “For instance, you can write one message that will be posted on Facebook, Twitter and LinkedIn, at whatever time you choose,” Crowley says. Other social media dashboard applications like Tweetdeck, SocialOomph and NetVibes offer similar capabilities.
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The newly formed Cetera Planning Partners is part of the firm's plan to broaden its channel for advisors working as direct employees.
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A federal judge finds that the embattled brokerage Alpine Securities' argument that FINRA should answer to the federal executive branch amounts to " wishful thinking" that "collapses under the weight of spiraling aspiration."
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The firms' collaboration shines a light on how the wealth management business works today and how it is evolving, as advisors weigh independence against the risks of "poking the bear" when they leave.
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Matthew Pallai said he has no doubt wealth managers explained the risks of private credit when recommending it to clients, but the recent rush to withdraw money from credit funds suggests "they probably should have said it more often and said it louder."
April 27 -
Court decisions vacated the Biden administration's DOL rule — but that didn't make rollover rules easy, experts say. Firms that get compliance right will have an edge in tapping a trillion-dollar-plus market.
April 27 -
New research from the nonprofit, nonpartisan Employee Benefit Research Institute shows pessimism about retirement preparedness is on the rise — that could open doors for advisors.
April 27









