One of the most important parts of building your financial planning business is figuring out how to incorporate tools that will improve productivity and efficiency. There are thousands of tools out there: software programs and apps that can handle anything from specific tasks to your entire business. How do you
Even if you are a young, self-employed financial planner right now, there’s a good chance you’ll have to hire someone down the road. Maybe you’ll grow your business into a large firm with multiple planners, or maybe you’ll just hire an assistant or paraplanner to help you manage your workload.
Whether you’re just starting out as a financial planner or are preparing for the next evolution of your career, one thing that you need to figure out is how you want to run your business. Many financial professionals use the traditional business model: managing their clients’ assets directly and charging
Picture this: You work hard creating a financial plan for a client, and then they ignore it or do the opposite of what you recommended. What should you do if a client ignores your advice? How do you handle this situation? Honestly, this can be one of the most frustrating
One of the most exciting times in your career as a financial professional is when you strike out on your own. Maybe you decide to start your own firm right after you get certified, or perhaps you make the jump after several years of working in large firms. Whatever your
While some of your work as a financial planner is a solo activity, like making calculations and doing research, the heart of your business is interacting with your clients. Your communication and interactions with your clients are what allow you to develop a trusting partnership with them and encourage them
As a financial planner, you’re supposed to give your clients the advice and expertise they need to make wise financial decisions, right? So what happens when a client just decides something without getting your input? And what if that decision is something you would have advised against? This happened to
There are plenty of tools that you can incorporate into your financial planning practice to give your clients the best possible experience. Along with traditional programs like Quicken and eMoney, there are numerous other software options and mobile apps to consider. We’ve compiled a list of some of our favorites
To be an effective financial planner, it’s essential to know your strengths. You need to feel confident about what you can offer your clients. Everyone has some things that they are naturally better at. The key to being a good financial planner is recognizing your strengths and figuring out the
To be a successful financial advisor, you need to build up a client base. Potential clients don’t just show up out of the blue, though. You need to reach out to them and showcase all that you have to offer. In short, you need to market yourself. Thinking about this
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