Top 5 Tips For Delivering Your Best Financial Advice
The role of a financial adviser is all about one thing – delivering the very best advice to your clients. It might look easy when you first start out, full of ideals, that you can deliver this time after time. But once you have been in the role for some time, the trees cover your view of the wood. Our 5 tips for delivering your best financial advice are here to help you regain that focus and give your clients the best every single time.
5) Know your stuff – CPD
The market changes all the time. If it’s not new products (or alterations to existing ones) then new technology changes the way we deliver our advice. Staying abreast of all of this is the number one tip we can give you. Continuous Professional Development or CPD is the ideal way to stay up top date with all that is happening. If you pay it lip service, then you end up missing out.
Ensure that CPD is an integral part of your business and you will reap the rewards.
4) Time – efficient workflow management
Time is the most important factor in all our lives. We simply can’t replace the time that we spend on any task. Once it’s gone, it’s gone. A paraplanner can help to take pressure off your time, leaving you to enjoy all the fruits of your labour. If you can get support from a quality paraplanner and be able to rely that the work is taken care of, then you can buy back chunks of time in your life.
Spend this time how you like – sitting in front of more clients, getting home earlier, the odd day off for a round of golf. But remember that time is the most precious resource. We tell our clients this – it’s time we heeded the same lesson.
3) Technology – secure, easy
The march of technology can make it look like the life of a financial planner is less straightforward by the day. But it doesn’t need to be that way. Add in the constraints of GDPR and we are all looking over our shoulder, making sure we are compliant.
Why spend time searching for all of the best systems when The Paraplanning Hub already does all of this?
But technology should help make life easier. With all the information we need now at our fingertips, we should be able to carry out research in a much shorter period of time. Look for the tech solutions that make the life of you and your clients as easy as possible. This is a vitally important one of our top 5 tips for delivering your best financial advice.
2) Sales – healthy pipeline
When we are busy, it can be easy to get distracted by the work in hand and not think about where you will be in a few weeks’ time. Your pipeline is the lifeblood of your future business. Ignore it at your peril.
If you are worried about your pipeline, then your mind isn’t on the task in hand – delivering your best financial advice. If you set aside a small amount of time every day to look for the piece of future business, then you are always making sure that you are feeding your future self.
1) HAVE A PLAN – staffing/work-life/fun
And it all comes back to our number one tip – have a plan for what you want from life. The old cliché is true – we work to live, not the other way around. So, you should have a strong idea about what you want from life. After all, you are busy all day helping others to plan their futures. What about yours? If you are looking to grow the business, then the question of team always comes up. Do you hire new staff members? Or do you look to outsource task such as paraplanning.
You should know when you’ve achieved that day. What does success look like? Who is calling you to task if you fall short? We have experienced all that you are going through. And we can help you build that plan – and stick to it.
If you are looking at numbers 3 or 4 then that’s something we are here for, providing the support you need to deliver your best advice. Drop us a line to start a discussion and find out how we can help.