Communication can make or break your business. As an enterprise, communication is vital in order to ensure all departments are in sync. If software and technology is out of date, communication can become complicated and misunderstandings can happen easily.

Now, different departments often communicate with each other. Tasks are constantly being updated and changing hands among departments and team members. Managing and monitoring these tasks can become complex. It’s likely that a few balls will be dropped if you do not have the correct software to track your tasks.

We can help you consolidate your data with a Dashboard reporting system. No need to hop from platform to platform. Have all your business and data insights in one place with analytical tools to help make long and short-term decisions

Our Dash Enterprise platform does the legwork of sourcing and integrating your clients' data into a clean, structured repository of their investments that you can use to obtain insights.

Data integration and sourcing are important, but what do you do with all that information? That’s why you need reporting and analytical software to do all the hard work for you. Our versatile and scalable analytics platform delivers ongoing insights that can inform your decision-making. Our analysts work alongside you to understand and help you acquire the kinds of insights you need from our software.

Don't waste time collecting data and building tools that are already available.

Contact us today to book your Dash demo.

As a financial advisor, you do your best to serve your clients despite experiencing daily challenges. Many of these challenges can be related to struggles with regular client communication and engagements. Most advisors won’t admit that they struggle with ongoing communication, yet almost all would agree that ongoing communication and advice are the foundation of top-notch advisory services.

To empower you to be the best advisor you can be, we have taken the liberty of presenting the 6th Pillar of Financial Planning - what we call Ongoing Communication and advice. Using this pillar to guide your financial planning practice can help you develop successful planner and client relationships and maintain good practice management.

The main and currently original 5 Pillars of financial planning are:

1. Estate Planning

2. Investment Planning

3. Tax Planning

4. Insurance and Risk Planning

5. Retirement Planning

The 6th Pillar of Financial Planning

Successful financial planning and investing involve much more than listening to popular opinion, understanding the latest market trends and crunching numbers. As much as people need to know about financial markets and investments, they also need to know about themselves. Money is an emotional topic, and so investor behaviour and psychology are important components of investing.

In the financial planning profession, effective communication is about way more than

discussing the money and the insurance. Financial planners need to be

adequately equipped to navigate both the rational and emotional

aspects of financial decisions and behaviours.

The problem with communication

The most common complaint clients make about their financial advisors is a lack of

communication. Ironically, these complaints often occur during times of prosperity and

comparative success. Many advisors seem to think if the numbers are good, what is

there to talk about?

Advisors often feel overwhelmed by their extensive task lists and it becomes challenging to keep their clients in the loop through consistent communication, Personal meetings with clients and reporting (especially without reporting software!) are additional hurdles for the advisor to overcome.

Communication is the heart of excellent service

Communication is an ongoing feature of the client relationships we work so hard to

maintain. Managing your clients’ expectations and appetites for risk is an

ongoing effort, not a once-off transaction. Clients are becoming more demanding,

and they want to experience value-added service from their advisor.

Regular communication will contribute positively to the relationship between the

advisor and the client by enhancing trust and ensuring the advisor’s services

stay top of mind.

How can Seed Analytics make your life easier?

We have processes in place with custom-built fidelity and integrity checks to ensure accurate monthly investment reporting. You will be able to send out bulk statements to all your clients in less than 15 minutes.

As a financial advisor, you experience the changes in your clients’ lives firsthand. Whether they are growing in their careers, building businesses or starting families, you are walking a journey with them, and that is a huge responsibility.

Your clients need more from you than just new products added to their current packages. They need solutions to real-life problems and challenges. Remember, your client is always growing and changing. This means their current profile will have to evolve alongside them. You are the expert at identifying their needs and finding the right solutions.

Clients quickly lose trust in you and your service if you only contact them to sell them something. Communication is so important. Even if you’re upselling with the very best solution to their problems, it means nothing if you disappear for the rest of the year.

Take the time to get to know your clients and remember the big moments in their lives.

Whether it’s a birthday, anniversary or launch date of their first business, remember to make a big deal of it. Your clients will thank you for it.

Knowing your clients also means you need to know what is going on in your industry and the world in general. What’s currently happening in the world that can affect your client’s business and their portfolio? Which new technologies have emerged that could solve problems for your clients? Keep your clients updated on these relevant developments by maintaining open lines of communication. This knowledge will contribute to their financial success.

A happy client is a loyal client. Clients that feel validated and heard will be more likely to refer you to their network. These clients will stick with you as long as you give them the service they expect.

Ready to learn more about Seed Analytics and how we can help you be the best financial advisor you can be?

Contact us to book a demo.