The world of finance can be stupefying in terms of the mass of details and regulations that must be followed in order to stay in compliance. Whether you are a financial advisor on a corporate level, a personal planner or work for small businesses, you’ve got your work cut out for you. Financial professionals are constantly under the gun to meet client needs quickly, effectively and efficiently. If you run a financial consultant service, then you can probably relate. If so, check out these helpful tips and useful fintech tools that will help you do your job more easily.
Get the Right Financial Technology Planning Tool
This might seem like an obvious tip, but you’d be surprised how many financial professionals are using the wrong fintech planning tool for their demographic. Specialized software for financial advisors should vary depending upon clientele needs. For instance, if you are consulting for a startup whose focus is on venture investing, your planning software will look a lot different than a financial planning tool used to help dads and mums lay out investments for their children’s future. The point here is that not all fintech planning tools are created equally.
Therefore, get the right financial planning tool that is right for you and your clients.
Get a Social Media Managing Application
Today, people can make their own investments and conduct financial planning from the touch of a button on their phone. Given this, financial advisors are hard-pressed to stay relevant now more than ever. One way financial advisors are getting new and retaining existing clients is through social media.
Social media allows professionals to update their clients with new and helpful information. It also enables them to keep in constant contact with new and existing clients. It’s no secret that social media is a powerful tool for financial advisors, but who has time to keep up with more than one social media account? If you’ve asked yourself that question, you need a social media managing app when you’re broadcasting on more than one social network.
This app will allow you to send out one post that is dispersed through all your socials. It also organizes your contacts so you can easily see who is contacting you on one app instead of checking multiple social networks. A social media managing app is a timesaver as well as a fintech tool that will help you connect more easily with new and existing clients.
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Get Cloud Based Services
If you’re a financial advisor or planner, then you know all about the mountains of paperwork and data entailed with your work. When you have a cloud based system, you can store a virtually limitless amount of data that is easily retrievable. Furthermore, all your data is backed up, so you never need to worry about loss of information. Cloud based data storage is the single most godsend for financial professionals because it provides peace of mind, offers effortless retrieval of data and it keeps pros ultra-organized. Moreover, the cloud offers secure file sharing, so you and your clients can transfer information safely and securely.
Get Client Relationship Management
Client Relationship Management software, or CRMs are a life-saver when it comes to keeping contact information, schedules, to-do lists, deadlines and notes organized. Many CRMs come with notifications so you’ll never miss a client meeting or financial deadline. Rather than sift through paper files, or conduct endless searches on a desktop, a CRM on your mobile device brings up everything you need to know about a client in the palm of your hand, including conversations, vital records and more. Many CRMs offer a shareable function, which allows you to share pivotal data and stats with your client. Therefore, a CRM not only encourages organization, it also ensures professional transparency between you and your client.
Get the Right Website Tech
You might think this goes without saying, but a solid website is crucial tech for any financial advisor. In fact, 97% of consumers check a company’s website before choosing to utilize a service or buy a product. Considering the importance of a website’s influence, you should make every effort to have a clean, fast, useful site for your financial advising business. Firstly, choose an ideal content management system (CMS) such as WordPress that simplifies website content organization and publication. Next, get a fast host, which allows your website to be seen quickly and efficiently by your visitors. The right website tech ensures you stay relevant and visible to existing and new clients.
The Last Word on Fintech for Financial Professionals
As a successful financial advisor, your job is tough enough. That’s why you should take advantage of the latest fintech tools mentioned here in order to take some of the stress out of your job. With these organizational and communication tools, you will find yourself conducting business more easily and efficiently.