If your ego is too loud, it stops you from reaching your goals and having a happier, more fulfilling life.
Few of us realize the anxiety-ridden mindset that drives prospects to seek a financial advisor. If they did, they would structure their initial meetings very differently.
It’s difficult to put your ego aside and focus on the other person. I confront this every day. But sometimes I fall into a vicious trap that advisors, as well, must avoid.
Therapists and accountants are valuable resources. They have confronted the issues we experience during our lives. But that’s not why I’m recommending you see a therapist.
Because you’re an expert on all things financial, you may believe you know what’s best for others – in their financial lives and otherwise. But it’s unlikely you do. The culprit is your inability to communicate effectively, as these “bloopers” illustrate.
I like to think I’ve learned from my mistakes, of which I’ve made plenty. Recently I reflected on what’s worked and what hasn’t. Here are two rules that have endured.
Most advisors tell you they are “tech savvy” and utilize the latest technology. That may be true, but I have a couple of suggestions you may not have considered.
New research confirms that the impact of what we wear on first impressions is indisputable.
An article in the New York Times guided those who want to be charismatic. It’s an interesting subject, but the goal is wrong. Here’s why.
Here is a very counter-intuitive – but powerful and respectful – way to convert a prospect into a client.
We lead busy personal and professional lives that place heavy demands on our time. But it’s a mistake to quickly say “no” to something that might not offer immediate benefits.
Recently, while on a trip to the west coast, disaster struck. I felt an acute toothache that I immediately knew needed a root canal. That experience taught me something about gathering AUM.
Changing ingrained patterns of interacting is difficult. Here are some tips to get you started.
Advisor conferences are great for learning about complex investment and planning topics. But they fail to offer sessions that would give advisors the tools to use this knowledge effectively.
What if I told you that I found a way to schedule my work so that I could do everything – without sacrificing quality – and get an extra six and a half weeks of vacation every year? Don’t believe me? Read on.
My guest today has worked with thousands of advisors in his role as a coach, consultant and public speaker. He has written that when he meets an advisor, he can tell within the first few minutes whether he or she is or will be successful. What is amazing is that he says it’s not difficult. He looks for only one trait.
The more you talk, the more pain you inflict. The more your prospect speaks, the better they feel about themselves and about you.
Fees are the easiest way to lose a prospect. But high fees aren’t necessarily the turn off. It’s how you broach the subject of fees with a prospect that has the potential to lose you business.
The most thoughtful and comprehensive financial plans will be derailed by an extreme, but unfortunately common event…
Advisors frequently tell me how baffled they were when they didn’t convert a prospect. Often they say something like, “It was such a great meeting. I have no idea why I didn’t land them.” I have the answer.
The advisors I meet are true professionals and fiduciaries. They are caring, thoughtful and very knowledgeable. That doesn’t mean that rendering financial advice is a “profession.”
I decided to research worrying to find out if my angst was serving any useful purpose.
I want to share an impressive study on happiness. The ramifications of its findings are profound.
When I meet an advisor, I can tell within the first few minutes whether he or she is or will be successful.
Implementing these strategies has made me less anxious and happier.
Many of us lack curiosity when it comes to learning about other people. Filling this gap will increase your AUM.
Advisors sometimes want to make their religion a focal point of their website. This issue has a lot of ramifications and led me to do some research, which I’d like to share with you.
I know many advisors. It’s a challenge to determine what traits differentiate the successful ones from their peers. But I’ve found the answer.
To maximize my happiness, I need to control my state of mind. This is easier than you think.
A new book, Invisible Women, Data Bias in a World Designed For Men, by Caroline Criado Perez, exposes the systemic discrimination women face in the workplace and in their everyday lives.
Writing content for faith-based advisors is both challenging and rewarding. Here are some issues you should consider.
I was surprised to learn that gender discrimination has afflicted the careers of far too many female economists.
I’ve found compelling and troubling evidence that discrimination against women is more pervasive than I previously thought. It’s also subtle.
Fees are the root of most client conflicts. Clients say they are too high and you defend them based on the value being added. An interesting study provides insight for how to handle these (and other) conflicts.
Too many people are deterred from exercise because of the mistaken belief that simply walking confers little benefit. New research debunks that myth.
The inability to engage with others in a sensitive, natural way is the biggest obstacle to successfully implementing my process.
I have a lot of opinions. Others disagree and believe they are unbiased. Can we both be “right?”
Presenting too much information is the quickest way to lose a prospect.
Tombstone ads are announcements of a public offering placed by investment bankers. The ads are intentionally mind-numbing. Your website may fit into the same category.
We can all learn a lot from Ben Caballero. He is the top real-estate agent in the U.S. In 2017, he sold 4,799 homes worth $1.9 billion. Here’s how you can adopt his successful sales strategy and increase your AUM.
I conducted an experiment to see what kinds of posts generated the most interest on social media. The results surprised me.
I stumbled on two “hacks” and found there was data to support how they improve happiness and productivity. I am sharing my research with you. Both have had a profound impact on my life.
Here are four big mistakes I see by advisors who aren’t aware of the science behind effective marketing.
I took a research-driven approach when I started speaking. Here’s what I learned about what makes a great presentation.
We have vast control over making ourselves happy. I found happiness in a unique way that helps those who are unprepared to fund their retirement.
As a financial advisor, your website is an important part of your brand message. Are you screwing it up?
Join me and Dan Solin for this 30-minute free webinar about how to do it right, from the message to the content and media.
On February 19, 2019, listeners will learn:
Can you experience 98 years of life without regretting a single thing? If not, why is the denial of regret so common? Why does it matter to advisors?
Terry Gross, the host of NPR’s popular Fresh Air program, has interviewed thousands of people over the last 40 years. In aa recent article, she divulged her interview secrets. Advisors can use her techniques to grow their practices.
Here’s a communication I wish all advisors would send to their clients.
Advisors tell me their goal is to get prospects and clients “fully engaged.” The good news is this is easily attainable. But it requires radically altering the way you approach those interactions. Two simple exercises prove my point.