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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Research from Cerulli Associates suggests that many RIAs have a long way to go with AI adoption while already finding possible ramifications for back-office staff.
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Advisors can leverage the updated opportunity zone program, starting in January, to help ultrahigh net worth clients defer capital gains.
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As advisors rush to build their own AI tools, experts warn that guardrails need to cover data going in, not just data going out.
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A deal between XY Planning Network and Wealthtender illustrates how quickly the search landscape is changing and the new ways advisors must adapt to find prospects in an AI era.
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A gathering for LGBTQ advisors and allies the day before LPL's flagship Focus conference drew executives, big-name sponsors and a standing-room crowd. So Marci Bair and other organizers are planning a standalone event next spring.
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Today is National 401(k) Day, and a perfect moment to revisit retirement plans. Advisors can use these five strategies — from IRA rollovers to next-gen outreach — to help clients optimize their savings.
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