As a leader at a financial services firm, your challenges have never been greater—but neither have your opportunities. With the deep uncertainties created by the COVID-19 pandemic, your advisors are looking to you for help in this extraordinary environment to capitalize on the opportunities it is creating to grow their practices while serving their clients even better.
You know that if you could provide your advisors with the strategies and tools that will enable them not just to survive in this environment, but to thrive, your firm stands to enjoy substantial benefits. Specifically:
Increased sales from existing advisor relationships. When advisors take part in programs offered by your firm that they see as worthwhile in helping them and their clients, they are more likely to do more business. And when, as a result of their participation in those programs, these advisors succeed in capturing additional assets under management and attracting new affluent clients, a significant portion of that increased revenue goes to your firm.
Greater advisor loyalty and retention. When your firm helps advisors succeed, it is much more likely that you will retain those advisors not just in good times, but in difficult times like these.
Acquisition of additional advisors. When your firm has a proven track record and reputation with advisors for providing quality business development support, attracting new advisors becomes a much easier task.
In short, if you can equip advisors to take informed and effective action in meeting today’s challenges, you can gain a huge competitive advantage, spur organic growth and win marketing advocates for your recruiting efforts. Click here to find out how.