Comprehensive Financial Planning | The Three Types of Financial Advisors

Get access to a free financial advisor business plan training course right here:

https://www.cwanetwork.com/business-plan-for-financial-advisors

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It's important how to determine the three types of advisors that exist - and determine which one you are. In this short video from a past live CWA advisor training event, John Enright reviews what he thinks the three categories of financial advisor are.

High net worth and business owner clients all prefer wealth advisors with a process that is focused on their objectives. In other words, watch this video until the end so you fully understand what HNW clients demand today.

Do you focus a lot on getting new applications? While this isn’t inherently a terrible plan, if left on it’s own, relying solely on building new clientele without following through on their objectives or creating unique strategies for them might not be the best platform for growing your business.

Why?

Advisors who start with implementation, and spend the most time on it, just want to get paid and often think it’s the best business plan due to it’s speed. They spend a lot of time on implementation but then rush through the remaining steps. Speed must equal efficient, right? Not necessarily.

If the only real thing you’re concerned with is getting an application, then the truth is you cannot know what the client’s needs are. All you’re doing is selling to them. You can’t know what’s important to them. In a way, it’s kind of backwards.

It doesn’t set the stage for a great client experience. Determine what kind of financial advisor you are...and whether or not that could change for your benefit (and the benefit of your clients/prospects!

To learn more about how to bring your financial practice to the next level, visit www.cwanetwork.com

Learn more about us: https://www.youtube.com/watch?v=ktrtyBQ9jNQ

A quick review of how we can help financial advisors: https://www.youtube.com/watch?v=QJLCg8oNdOA

How successful financial advisors spend their time: https://www.youtube.com/watch?v=hbYV0Hm6z_8

Maximizing new introductions: https://www.youtube.com/watch?v=j18Irl6oTIA

Видео Comprehensive Financial Planning | The Three Types of Financial Advisors канала CWA Network