To make your investment in social media pay off, know what you want to get out of it. Outline a specific purpose for social media activities, says a recent CFP Board guide to social media for advisors. (You can download the guide below.)
First, define your desired audience, the guide says. This will offer clear guidance on the proper content and tone for your activities.
Define your target demographic, topics and territory, and try to include them in every social media update, adds Stephanie Sammons, founder of Wired Advisor, a digital marketing firm for advisors. “Weave your updates into a systematic social media sharing plan that allows you to stay consistently visible and valuable,” she says.
On Twitter, you simply need to connect with the right folks, says Matthew Halloran, advisor coach and author of The Social Media Handbook for Financial Advisors. “You should connect with local press and reporters, your B-D, favorite fund companies and then, of course, your clients,” he says – “or, even better, your clients’ kids.”
Another way to think about it: “Find your tribe,” says Victor Gaxiola, social media expert for compliance technology firm Actiance.
“Geography and time zones are no longer obstacles to finding like-minded tribes that are willing to share, collaborate and explore together,” Gaxiola says. “Social provides us the ability to get laser focused and find those groups, associations and individuals who share common interests, values and challenges.”
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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.
September 11 -
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.
September 10 -
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.
September 10 -
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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