How to get a lit financial advisor profit margin!

Sign Up For Daily Newsletter: Receive one actionable marketing tip each DAY!

June 15, 2019

Subscribe: Email | RSS

WOW that’s painful to talk about. Could your financial advisor practice be more profitable? What should a financial advisor’s profit margin be?

While helping the world with their retirement you just in fact may be neglecting your own.

For those of you who are new to my blog/podcast, my name is Sara. Currently, I am a CFA® charterholder and I used to be a financial advisor. I have a weekly newsletter in which I talk about financial advisor lead generation topics which is best described as “fun and irreverent.” So please subscribe!

Financial advisor profit margins – get a fat one

In this episode with Jim Palumbo of DYNAMIC Advisor Solutions, advisors will learn the following about financial advisor profit margins:

Why the profitability of your practice is matters to your clients
The value of seeing yourself as a business rather than just a professional practitioner – both for yourselves and for your business owner clients
How far you can cut costs and which costs you should and should not cut
Two ways to grow your business and how to go about them
Profit margin guidelines for advisors who are acquiring other practices
How Jim got his business to 80% gross profit margin when he was an advisor
The likelihood of local talent meeting the needs of your practice

Sara’s upshot

What’d ya think? Was this helpful?

If yes…

Learn what to say to prospects on social media messenger apps without sounding like a washing machine salesperson. This e-book contains 47 financial advisor LinkedIn messages, sequences, and scripts, and they are all two sentences or less.

This is a book about financial advisor LinkedIn messages which contains scripts you can use to get new prospects.

You could also consider my financial advisor social media membership which teaches financial advisors how to get new clients and leads from LinkedIn.

The Sara Grillo membership is a social media program for financial advisors - but only the cool ones.

Thanks for reading. I hope you’ll at least join my weekly newsletter about financial advisor lead generation.

See you in the next one!

-Sara G

Please subscribe, rate, and review this podcast!

Music is “Arp Bounce” by Geographer

Any questions? Send 'em in!

Practice Management

Is it Okay for Financial Advisors to Swear in Front of Clients?

Swearing is a big no-no for advisors to do in front of clients, but if done correctly (and that’s a big “if”), swearing can set you apart from other brands that may not have the courage to be so raw. Just as the famous financial disclaimer goes: higher risk, higher potential reward.

June 8, 2018

Practice Management

Is it Okay for Financial Advisors to Cry in Front of Clients?

I’ve talked before about how instead of being shrouded and veiled, advisors should come across in a more human and relatable way with clients and prospects. But how raw can get you before you step over the line –is it okay to cry in front of clients? Sometimes the authenticity can say more about your authenticity than any marketing pitch.

June 8, 2018

Financial Advisor Lead Generation

Financial advisor office design tips

For financial advisors, getting leads is a brutal task so make it

June 4, 2018

Financial Advisor Marketing

My Take on Michael Kitces’ Opinion of Investopedia Advisor Insights

While I agree with Kitces’ point, I also see a few ideas that this article didn’t mention which are important for advisors to consider if they are creating a digital marketing strategy.

June 3, 2018

Uncategorized

7 Signs Your Financial Planning Website Is Outdated – Guest Post

We get asked the question a lot – “Does my website need to be updated?” If you haven’t touched your website in a year or more then it’s likely likely your technology is lagging. But more importantly, you may be losing customers. Still unsure if your website is past it’s prime? Our team has put together a list of the top seven signs your website may be in need of a redesign.

May 11, 2018