Given the mix of personal and professional content that people share on Twitter, it could be a great resource for finding new clients.
Twitter is the easiest way to build a brand on social media, says Matthew Halloran, advisor coach and author of The Social Media Handbook for Financial Advisors.
Automated services give advisors a time-efficient way to develop a presence on Twitter. Halloran points to two in particular: Tweepi is a software plug-in that automatically follows or unfollows users based on the geographic or other parameters you set to find your target audience; Tweetadder can do this and automate tweets as well.
“Robots can do this for you,” says Halloran. “Very few advisors are using Twitter, but if your audience is younger, you’ve got to be on Twitter. It’s texting on steroids.”
Mitch Slater, a UBS advisor and social media user, says that while LinkedIn is truly the best platform for finding new business, he uses Twitter as a way to keep up to speed on clients. “You can gather great information,” he says. “Search social media to get a sense of what clients are saying and talking about.”
In fact, it’s important to be patient with and put the time into social media, he adds. “Focus on building rapport, not on making a quick sale.”
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Despite common assumptions, child-free clients have plenty of planning complexity. Advisors shared their approach to planning for this demographic, from encouraging "no-kid dividends" to building care teams early.
October 2 -
A proposal is meant to ensure advisors can trade client assets on a discretionary basis without triggering onerous custody requirements, while also giving them a self-custody option for crypto.
October 2 -
Thirty-seven percent of those making more than $500,000 live paycheck to paycheck, Goldman Sachs found, making this a problem for more than just lower-income workers.
October 2 -
The second-largest asset custodian tilts its policies toward larger firms as commission-free trading continues to eat into its business safeguarding client assets.
October 1 -
Advisory practice sellers frequently wish they had taken more time for important strategic tasks before the deal, David Grau of Succession Resource Group says. He provided a list explaining why the timeline will take longer than many sellers may think.
October 1 -
Discussions about what David Solomon's longtime heir apparent might do as CEO surfaced following news reports that Waldron could take over as soon as next year.
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