You've Been Framed
How to Reframe Your Wealth Management Business and Renew Client Relationships
Ray Sclafani
- English
- ePUB (mobile friendly)
- Available on iOS & Android
You've Been Framed
How to Reframe Your Wealth Management Business and Renew Client Relationships
Ray Sclafani
About This Book
Reframe "wealth management" to achieve sustainable success in financial services
You've Been Framed™ is a step-by-step guide for achieving ultimate profitability and sustainability for your financial advisory firm. Whether you're a savvy entrepreneur ready to dominate your competitors, or a more experienced advisor moving toward selling your practice, this guide will help you proactively reframe your business. You'll learn how to grow your pipeline of prospects, win the next generation of clients, and deepen your business so it can thrive without you—leaving you free to pursue what matters to you. Build your business on a holistic foundation of wealth management and assemble the team that will take you to the top as you develop a whole new perspective from which to offer your services. Transform your role from "directive advisor" to "trusted advocate." Completely shift the paradigm, and make yourself the de facto solution to your clients' wealth management issues.
Whether it's the firm with which you're affiliated or the types of products and services you offer, you've been "framed." As a wealth management advisor, your clients have little understanding of what you do or why you do it. Even your team may have the wrong idea. This book helps you clarify and demonstrate the value of your knowledge and skills, so you can frame your work on your own terms.
- Build and showcase your enterprise value
- Renew client relationships and attract new demographics
- Become a leader with proven team-building tools
- Shift your role from advisor to advocate
If you haven't effectively led discussions to co-create what your business stands for—and what differentiates it from competitors—you're losing talent, prospects, and business. You've Been Framed™ gives you the perspective you need to thrive in the new financial environment, and achieve sustainable success.
Frequently asked questions
Information
PART I
You Gotta Believe
CHAPTER 1
You've Been Framed!
- Do you have a clear understanding of your firm’s unique value, and have you documented that value for yourself and your clients, so that the business not only thrives but also can be replicated, scaled, and sold if desired?
- Are you providing your clients with the comprehensive wealth management services they deserve, or do you just focus on those products and services that you can and care to offer? If you don’t offer them, are you willing and able to connect your clients to other respected professionals?
- Have you learned to truly partner with your clients, or are you stuck in the old model of just selling to your clients or telling them what they should do, rather than inviting them to co-create in the process?
- Do you have a team of capable folks who work well together and whom your clients trust, rely on, and value?
- How clear are you about how you charge for your services and the true value that the client finds in what you provide?
- Are you and every member of your team clear about what differentiates you from other financial advisors and the many choices your clients have today?
- How are you working to be relevant in the lives of the heirs of your clients’ wealth?
- Do you have the ability to step away from your business to take an extended vacation or a break or, if need be, to deal with a personal or family illness?
- Do you have the desired amount of work–life balance on a day-to-day basis, allowing you to eat right, exercise, spend time with family and friends, and enjoy life however you like to do best?
- Do you have a rock-solid succession plan in place for how your business will continue after you choose to move on to something new or to retire? When put to the test, will that succession plan really work?