- How to Build an Ideal Client Profile as a Financial Advisor
Financial advisors need clients to maintain a thriving business, and attracting the right clients to your firm matters. One of the keys to growth is understanding who your ideal clients are and what they need from you to reach their goals. Let’s examine the value of creating an ideal client profile for financial advisors and… read more…
- Financial Advisor Job Description Template for Hiring Managers
If hiring top talent is part of your firm’s strategic growth plans, it’s to your advantage to know how to stand out among the competition. Drafting a compelling job description is critical for grabbing the attention of job seekers. Let’s look at how to create a financial advisor job profile to attract highly qualified candidates.… read more…
- How to Hire a Branding Agency as a Financial Advisor
If you’re struggling to develop your unique identity and voice in the marketplace, you might consider hiring a branding agency. Branding agencies work with business owners to help them flesh out and maintain the brand image they use to sell their products or services. If that sounds like something you could benefit from, it’s important… read more…
- 5 Business Growth Strategies for Financial Advisors
Growth is sometimes an elusive goal for financial advisors. You want to expand your client base and increase revenues, but the path forward isn’t always clear. If this sounds familiar, it’s important to understand that you don’t have to stay stuck in a rut. Studying financial advisor growth strategies can help you chart a course… read more…
- How Financial Advisors Can Develop a New Service Offering
Are you looking to ramp up revenues for your business? Expanding your services can be an effective way to attract new clients to your advisory firm and generate more sales from your existing client base. If you’re ready to make a move, it helps to know how to develop a new service offering that’s both… read more…
- Can You Be a Financial Advisor Without Doing Sales?
Selling is typically a big part of a financial advisor’s job – if you’re not closing deals, your business may stagnate. But what if you’re looking for a different kind of career in financial services? Can you be a financial advisor without sales? It might surprise you to learn that yes, it is possible to… read more…
- How to Leverage Retainer Fee Structure as a Financial Advisor
Choosing a fee structure is one of the most important decisions for your business. Clients want to pay fees that reflect the level and quality of services they receive, while you want to feel fairly compensated for your effort and expertise. A retainer fee model can satisfy both parties and potentially help you attract new… read more…
- Wealthbox vs. Salesforce: Comparing CRMs for Advisors
Advisors rely on customer relationship management (CRM) systems to organize client data, identify growth opportunities and stay connected to their team. If you’re in the market for a new CRM, Wealthbox and Salesforce are two of the options vying for your business. If you’re torn over whether to use Wealthbox vs. Salesforce, it helps to… read more…
- Wealthbox vs. Redtail: Comparing CRMs for Advisors
Managing client relationships is a key part of any advisor’s success. This is why it’s so important to choose the right customer relationship management (CRM) solution for your business. Eighty-six percent of advisors use a CRM to run their businesses, according to the 2025 T3/Inside Information Software Survey.1 Wealthbox and Redtail are two of the… read more…
- How to Use Salesforce at a Financial Advisor Firm
Savvy advisors understand the importance of building a robust tech stack featuring a comprehensive customer relationship management (CRM) system. But which one should you choose? If you’re interested in a cloud-based, AI-powered tool you can use to attract new prospects, drive engagement and manage client data more efficiently, Salesforce is one option you might want… read more…
- Wealthbox CRM Review 2025: Pricing, Pros and Cons
Whether you’re shopping for a new platform to replace your current one or just starting your advisory business, you might consider Wealthbox CRM. Wealthbox is a modern CRM that offers advisors everything they need to connect with prospects, clients and team members. Before deciding to move forward, it’s important to ensure it’s a good fit… read more…
- Should You Hire an Anti-Money Laundering (AML) Analyst?
Financial institutions, including broker-dealers, are subject to anti-money laundering regulations. These regulations help prevent financial crimes and related criminal acts, such as terrorism. Hiring an anti-money laundering analyst is something you might consider if you’re concerned about your firm’s risk exposure to such activity. Are you looking to expand the marketing of your financial advisor… read more…
- How to Manage a Donor-Advised Fund (DAF) as an Advisor
When wealthy investors with a philanthropic bent are interested in creating a financial legacy for a worthy cause, they may consider contributing to a donor-advised fund (DAF). A donor-advisor fund is an investment fund or account managed by a 501(c)(3) organization that exists specifically for charitable giving. Investors who contribute to donor-advised funds can hand… read more…
- Redtail CRM Review 2025: Pricing, Pros and Cons
Choosing the right customer relationship management (CRM) software is an important decision for the long-term success of your business. Redtail CRM is one of the most popular options for financial advisors who want to capture more leads, grow revenues and nurture client relationships. Before deciding, it might be helpful to review the software’s features, pricing,… read more…
- How a Client Portal Can Help Financial Advisors
Improving the client experience is central to building and maintaining lasting relationships with the investors you serve. Offering a user-friendly client portal is one of the most effective ways to achieve that goal. A well-designed portal enables collaboration and communication, while encouraging clients to become more fully engaged with you and their financial plans. Ready… read more…
- 12 Tips for Completing a Management Buyout
A management buyout (MBO) can be an attractive option for financial advisors looking to take ownership of the practice they manage. This process typically involves securing funding, negotiating terms with current owners and ensuring a smooth transition of leadership. The first step that advisors considering a management buyout should take is to assess the practice’s… read more…
- Client Review Checklist for Financial Advisors
Client account reviews are an opportunity to learn more about what your clients need from you as an advisor. Scheduling annual reviews with clients to discuss what’s changed in their financial situation over the past 12 months can help you chart out the year ahead. And using a financial advisor client review checklist to guide… read more…
- 4 Tips for Financial Advisors to Tell Clients They Are Retiring
As a financial advisor, announcing your own retirement requires a thoughtful approach to ensure a smooth transition for your clients. This process involves more than just a simple notification—it demands a strategic plan that prioritizes the continuity of care and the preservation of trust that has been built over time. Whether you’re on the brink of… read more…
- How to Value a Book of Business as a Financial Advisor
A financial advisor’s book of business — made up of the clients and accounts they manage — is one of their most valuable assets. Whether you’re looking to buy or sell a book of business, accurately determining its value is a crucial part of the transaction. We’ll review how to properly value a financial advisor’s… read more…
- What Opportunities Are There for a Financial Advisor Franchise?
There are many paths advisors can follow to go independent, and for some, the franchise model proves to be most appealing. Establishing a financial advisor franchise allows you to operate your own business under the umbrella of a larger, recognized brand. Franchising allows for freedom, flexibility and expanded earning potential for advisors who are able… read more…
- How to Use Generative AI to Grow Your Wealth Management Firm
There are numerous possibilities for using generative artificial intelligence (AI) in the wealth management space, ranging from back-office operations to financial planning. Adopting generative AI for wealth management can deliver value through increased efficiency, time savings and reduced costs. Ready to grow your client base? SmartAsset AMP helps you connect with leads. Understanding Generative AI… read more…
- How to Scale and Grow Your RIA Firm
Scaling a registered investment advisory firm takes more than just strong portfolio management—it demands deliberate growth strategies across multiple fronts. According to the 2025 Investment Adviser Association, 68.5% of RIAs have less than $1 billion in assets under management, while nearly 93% have fewer than 100 employees. To grow, firms often invest in technology, refine… read more…
- How AI Notetaking Can Help Financial Advisors Better Serve Clients
Artificial intelligence (AI) is a transformative tool that’s seeing widespread adoption in many industries, including financial services. AI notetaking apps are one of the latest innovations that advisors are using to improve the flow of their meetings and better serve their clients. AI notetakers can save time, reduce errors and increase efficiency in your practice.… read more…
- Cyber Security Tips for Financial Advisors
Cyber security isn’t just something tech firms need to pay attention to; it’s important for financial advisors and the financial services industry, as well. Clients’ sensitive data is a tempting target for hackers seeking financial gain, making constant vigilance a must. Here are some cyber security tips that can help you build a solid line… read more…
- KPIs Every Financial Advisor Should Know
Key performance indicators, or KPIs, measure how well your firm is doing in terms of meeting goals. At a glance, KPIs can tell you whether your firm is moving in the right direction or veering off-track. On a deeper level, these indicators are helpful when it comes to developing strategic plans for the sustainability and… read more…