Downloadable Workbook: Financial Advisor Client Retention Checklist

Downloadable Workbook: Financial Advisor Client Retention Checklist

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Downloadable Workbook: Financial Advisor Client Retention Checklist

As an advisor, there’s no point pouring energy and money into new client acquisition if you’re not intentional about the way you cultivate your relationships with your clients after-the-fact.

However, a recent survey conducted by YCharts reveals an alarming state of client dissatisfaction. Conducted in 2023, the survey revealed that 75% of advisory clients contemplated leaving their financial advisor or already had.

Delving deeper, the report highlights the main reason behind this dissatisfaction, is a communication gap between advisors and their clients, with a significant disparity between the amount of communication clients desire from their financial advisor, and the actual frequency of communication they’re getting.

Shockingly, only 5% of respondents expressed contentment with their advisor's communication methods, highlighting a critical area for improvement.

To help alleviate this problem, ensure that clients and advisors are on the same page about what to expect from the relationship, as well as to bridge the communication gap and aid advisors in meeting client expectations, we've developed this comprehensive workbook.

Introducing the Financial Advisor Client Retention Workbook, designed to empower you in navigating your client relationships with purpose.

By sticking to the structured approach outlined within the workbook, documenting your client interactions in the comments section, and ensuring that each question is met with a "yes," you can design an experience where your clients feel truly understood and heard.

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