Are you a financial advisor or registered investment advisor (RIA) firm owner at a crossroads, contemplating the future of your business? The financial landscape is ever-evolving, influenced by dynamic industry trends, regulatory changes, and emerging technologies. As you navigate this complex terrain, it's crucial to assess whether it's the right time to consider selling your firm.
Proven Strategies for Financial Advisors to Get Referrals: Actionable Steps and Data-Backed Evidence
As a financial advisor, one of the most effective methods to grow your client base is through referrals. According to a study by Heaton and Friends (2018), 92% of consumers trust referrals from people they know, making them an invaluable resource for business growth. In this article, we'll explore the best strategies for financial advisors to get referrals, backed up with proven data that they work. We'll also discuss actionable steps to take and words to use to ensure your success.