ACTIONABLE ADVICE FOR FINANCIAL ADVISORS: Newsletters and Databases Focused on Investment Strategy

    Last 14 days

Most Popular Articles

Most Popular Commentaries

    Last Year

Most Popular Articles

Most Popular Commentaries

More by the Same Author

Getting Clients to Read Your Emails
By Dan Richards
June 22, 2010

Previous page     Bookmark and Share  Email Article   Display as PDF

Having articles read

I’m a big fan of sending third-party articles from credible sources – for example an article from the Wall Street Journal or the New York Times on Warren Buffett’s recent investor meeting in Omaha.

Remember, though, that fewer and fewer people are reading what you send them carefully – they may scan it but few are reading it in depth.

A better solution is to send clients and prospects a link to part of the interview Warren Buffett did on CNBC the Monday after his investor meeting.

Video is the big growth area on the internet – Cisco estimates that by 2012 video will make up 60% of Internet traffic. And advisors have to reflect this in how they communicate.

Getting voice mails returned

The same principles apply to leaving voice mail messages – short, tight, benefit-focused, and designed to create a sense of urgency in terms of returning your call or acting on your message.

One way is to take ten seconds before placing the call to jot down the key points you want to make. Once you hear the beep, it’s too late to start thinking about what you want to say – we’ve all heard long-winded, meandering messages on our voice mails, and we all know that those do not motivate us to act. 

When it comes to voice mails, what you say is obviously important – but just as important is your tone in how you deliver your message. You need to convey a sense of energy and a sense of urgency.

Keeping people focused on the phone

Even if you’re fortunate enough to get a client on the phone, the problem with many telephone conversations is that people are distracted. They hear you but often they’re looking at their computers or their minds are wandering, so they’re not really listening.

As a result, on phone conversations it’s critical that you involve clients or prospects and get them talking.

Consider using web meeting software that emails clients a link that they click on. When they do that, you take over their computer screen, and you can show an agenda, client statements and walk through key points.

This lets you use visual support – charts and graphs – that will help hold your listener’s attention.

A number of companies offer this – the top three are Citrix Go to Meeting, Webex and Microsoft Live Meeting.

Effective face-to-face meetings

When meeting in person, the impact of shortened attention spans is less pronounced compared to mail, email and voice mails.

That said, it’s still important to adapt how you communicate to the time-pressed world in which we operating today:

  • Keep presentations as short as possible
  • Be sure to involve our client.
  • If you’ve got a proposal or a financial plan that’s ten pages, have a one page executive summary at the front.
  • And again, use charts, graphs and visuals to support your key points.

Like it or not, we’ve entered the short attention span world – one from which we’re unlikely to exit anytime soon.

You have to change how you operate in response– and take a hard look at how you communicate with clients as a result.

Dan Richards conducts programs to help advisors gain and retain clients and is an award winning faculty member in the MBA program at the University of Toronto. To see more of his written and video commentaries and to reach him, go to

Display article as PDF for printing.

Would you like to send this article to a friend?

Remember, if you have a question or comment, send it to .
Website by the Boston Web Company