As reported by Investment News, 25% of financial advisors plan to add digital marketing this year, and 29% of advisors have already incorporated these channels.

Now let’s look at the stats for all small business owners – only 1 in 5 SMBs doesn’t use digital marketing yet. Why are advisors so much slower to “get with the times” compared to other entrepreneurs and small business owners? It also highlights the importance of digital marketing for financial advisors.

Advisors have long been able to rely on traditional marketing techniques and word of mouth. But the industry is changing. Younger potential clients need convincing to seek out a financial advisor. One in four millennials does not trust others for financial advice. When it comes to attracting new prospects, non-referral business development is now driving more AUM growth than all client and professional referrals combined.

Digital marketing strategies help you build stronger, longer-lasting relationships with clients and prospects alike. A strong website, email newsletter, social media presence, and content library provide value to prospects while keeping clients engaged.

Whether you’ve tried to go digital before without success or have been waiting for the push to get started, these beginners’ guides will provide the information you need to launch your digital marketing strategy for your financial advisory. 

Getting Started with Digital Marketing for Financial Advisors

It’s important to know what you’re getting into when it comes to digital marketing for financial advisors, you’ll find the three main categories advisors need to focus on for their digital marketing strategy:

  • Website
  • Email
  • Social media

Read on for an overview of why advisors need to invest in these aspects of digital marketing, how you can get started, and some additional resources to help you become an expert. Here are 3 things advisors need when starting digital marketing.

1. Financial Advisor Websites

If you want to have a business in 2019, a website is an absolute necessity. You may have gotten by for years without one, but times are changing. Your website operates as your digital business card. It helps people find you online, provides proof of value to a new prospect, and helps clients stay engaged. In fact, researchers have found that 70-80% of modern consumers search for a company online before visiting them or making a purchase. If a potential client can’t find you online, you’re missing out on business.

If you don’t have a website or your website isn’t helping you grow, you need to ensure it includes the following five aspects:

Contact Information

 Make sure all the information is up to date and offers your preferred contact methods, including email, phone number, and address.

Clear Branding

 Your website needs to show what sets your firm apart from all the others. This starts with a logo but is much more than that. It’s the imagery you choose, your language, and how you showcase your team. If you’re unsure about your branding, this broadcast can help

An About Page

Make sure it’s easy for a visitor to find information about your background and the history of your firm. Use this to sell yourself, convince a visitor that you’re the firm for them, and show off what sets you apart.


 Blogs, whitepapers, webinars, and videos that showcase your expertise and the value you can offer.

Up-to-Date and Mobile-Friendly

57% of users say they won’t recommend a business with a poorly designed mobile site. Don’t let your site fall into this camp.

Website Resources:

2. Financial Advisor Email Tools

Regular emails should be a top priority for your digital marketing strategy. Email is very effective because it’s so versatile, even with the introduction of more high-tech tools. You can send newsletters, one-offs, campaigns, etc., that help to keep you top-of-mind. Forty-seven percent of marketing professionals agree it has the best ROI, so it’s worth taking time to set it up and send regular communication.

Successful email campaigns are personal, consistent, and provide value. Try these tips to send emails that convert:

Use Segmented Lists

When you upload your contact list, make sure you set up different groups for prospects and clients. You can go even further and segment it by interest or demographic. Taking the time to send personal emails is very valuable, as 78% of prospects said personally relevant content from their advisors increases their intent to engage.

Send a Regular Email Newsletter

Monthly is a good start, but you can move up to monthly or even weekly if you have enough content. This is to keep your clients and prospects up to date on the latest news about both your firm and the industry.

Use Automated Campaigns

Remembering to send emails for every birthday or every referral request can get difficult. Automated email keeps your marketing running in the background when you’re too busy working with clients.

3. Financial Advisor Social Media Tools

At FMG Suite, we know social media can be a sensitive topic for financial advisors, especially if their compliance doesn’t allow them to use these tools. Hopefully, more brokers/dealers will soon realize the power of social, especially when they learn that 75% of affluent Millennials use social media for personal finance and investing purposes. If you want to resonate with younger prospects, social media can help you achieve success.

If you’re still doubting whether your advisory really needs to be on social media, how about this: Ninety percent of marketers say their social marketing efforts have increased exposure for their business.

In terms of which platforms to try, LinkedIn is a great choice for advisors, but Twitter, Facebook, and even Instagram can be hugely beneficial. If you’re new to social media, try these strategies to get started:

Complete Your Profiles

Just like your website, your profiles need to be personal, convincing, and high quality. Make sure the contact info is correct, you have a high-quality image for your profile and cover images and take time to fill out all the available fields.

Post Consistently

Try starting out once per week, but it’s great to build up to two to three times a week or even daily if you have a large enough audience. Just pick a frequency that you can commit to, so your page doesn’t have a bunch of posts one week, then silence for a few months.

Build Your Audience

First, don’t get too hung up on the number of followers because the quality of the content is more important than your follower count. But to make sure you’re reaching your relevant audience, invite all your contacts from your work and your relevant personal communities, like neighbors and former classmates. Try sending out an email blast promoting your new social profiles.

Stay Engaged

If people are commenting, liking, or sending messages to your page, don’t let them sit there in silence. Be sure to respond to comments, start conversations, ask questions, and overall, remember that this platform is meant to be social!

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