2017 is the year of opportunity for the astute FA.

Are you a Financial Advisor?  Interested in demonstrating value for your client?   Expecting more questions with #CRM2 reporting requirements? And new fee structures offered by competitors?   

These are the challenges that every FA is facing in 2017.   With new reporting and information, come new questions.   With fee structures more transparent than ever, fees come into question.   One type of new fee structures being offered: ‘pay for performance’ is anticipated to cause a movement of clients between wealth management firms.  Explaining why 3-7% performance is historically what the majority of portfolios have returned is a challenging proposition.

2017 will be filled with more questions.  CRM2 has drawn attention to fees and performance.   Client retention becomes a bigger concern for the FA.

But with crisis and challenge, there is opportunity.   Every FA now has clients that are questioning their investments and performance.  People are looking around.  This is the year to capture new clients and add significantly to your total funds under management.

The questions that are raised must be answered. 

What is needed is a tool to answer the clients’ questions and concerns, 

a tool that doesn’t require a lot of your assistant’s time to enter and process numbers, 

or preparation by you, the overworked FA.

What is needed is a tool that highlights the value added by the FA.

What is needed is a tool to demonstrate your professionalism and value.

What is needed is a portfolio analysis tool:   CRM2plus.com

2017 is the year of opportunity for the astute FA.

Why steadying influence of a professional Financial Advisor is important: #election

Its up! Dow Jones is up 200 points from opening, 100+ pts. this month    #Trump #finance #stockmarket #election  #Crm2plus #FA   

TSX is up 100 points.   The market meltdown that was reported to be about to happen in the media, has been averted!

This is the best example we’ve seen in a while for using a professional Financial Advisor.   The calming and steadying influence is important.  The media is not the best source of financial advice.   The media loves sensation, excitement, change, volatility.    The economy loves certainty.   Good news or bad, the economy just needs to know what’s coming and “hold the wheel ,steady as she goes”.  

As an average investor, I find it extremely difficult to shut out the media and ignore what everyone is telling me (everyone except my FA).   If I had believed the media, the logical thing to do would have been to sell everything and move to a cabin in the mountains.   Today, however, the market is up.   Acting on instinct, panicking, would have created some significant losses.  The steadying influence of an FA averted this.

this is how I felt last week, thinking about this stuff...
with thanks to the Phom Tamao Wildlife Rescue Center

Now 6 months from now, I will meet with my FA and I will not remember this little blip.  My FA uses CRM2plus, a nifty little tool, with which he graphs my great ideas (hypothetical) against what we actually end up investing him.   It’s an easy way for him to remind me why I use his services.  

Crm2plus.com