Two Questions to Add to Your Repertoire
Effective communication is all about asking the right questions. I want to suggest two questions to ask your clients, two questions you might not be currently asking. It’s...
Success as a Financial Advisor Is Easy to Explain, but Difficult to Replicate
The good news for every Financial Advisor is that how one becomes a Top Tier Advisor is simple. The bad news is that it is not easy. To rise...
Do Professional Athletes Make for Prudent Clients
Professional athletes in today’s society get paid a lot of money for winning the World Series or the Super Bowl, and they don’t always spend that money as wisely...
How Many Referrals Do You Give to People Who Call on You?
Let’s discuss three issues. The first issue is reflected in the title. But let’s amend the question to read, ‘How many referrals have you given or will...
Asking for a Commitment
Mechanically, asking for a commitment is rather rudimentary. Why, then is asking such a difficult thing to do? The inability to properly ask is perhaps the number one reason...
Where You End Up in Life Has Less to Do with Your IQ than You Might Think
To perform the many financial and arithmetical tasks required of an Advisor requires a high IQ. Therefore, most, if not all, successful Financial Advisors have a high IQ. If...
Don’t Ask for Referrals. Ask for Advice
I have a suggestion for those Advisors who have a difficult time asking their clients for referrals. Ask them for their advice and/or help instead. Explain to your...
To Not Invest Is to Go Broke Safely
Bertrand Russell said to conquer fear is the beginning of wisdom. In order to trust you with his or her money, a client must, if not conquer, at...
Teach Your Clients to Focus on the Destination, Not the Journey
As an Advisor, you are perpetually caught in a paradox. You want your clients to focus down the road on the outcome, while you, in fact, can’t do...
You Are Not Paid to Be Right All the Time
As the markets become more and more complex, keep in mind that not everything you recommend will work out. It’s okay to feel badly when something doesn't work....