In order to become a successful financial advisor, you will be in need of a lot of things. Advisors ill have to foster a human connection and a deeper personal relationship with their clients. The problem comes when you have a large number of clients. It can be very difficult to build a close relationship with each of them. While it can be almost impossible to build a deep relationship with a large number of clients, there is a possible solution.
Customer relationship management (CRM) has emerged as a solution to address these potential problems. This has also encouraged advisors to scale their business and ensure that they keep contact with a large number of clients while not losing that personal touch. Here is some of the best software that advisors can use to their advantage.
Redtail Technology
This software is arguably the most popular CRM solution for financial advisors. Unlike other services, Redtail Technology is priced monthly at $99. This means that it can be scaled in mid to large practices, because it is priced as a database as opposed to per user.
This CRM solution also comes with many specialized features. Financial advisors can take advantage of the client report generation feature that is used to gather information about accounts. In addition, there are free data base migrations if you happen to be transferring from a desktop alternative. You can check out some valuable resources from Rex Burgdorfer LinkedIn if you want to learn more about ways to stabilize a relationship with the customer as a financial advisor.
Salesforce
Salesforce has served as one of pioneers of CRM solutions for financial advisors. Because of the wide variety of services that Salesforce offers, it quickly became the largest online CRM provider for advisors.
This platform contains many integrations with automation tools that advisors are bound to be interested in. One of those features involve the use of artificial intelligence (AI). The use of AI in this context can not only analyze your data, but it can also make recommendations based on your unique processes. For different services, prices can range from around $25 to $300 per user per month, and is billed on an annual basis.
Junxure
If you are looking for a CRM that was actually created by financial advisors, Junxure may give you a unique experience. Junxure was created by Greg Friedman, and has become one of the most awarded CRM solutions available. They own roughly a 20% share of the market, and has established itself as a good solution for mid-sized firms that are well established.
Recently, they have implemented a new cloud-based option, making it accessible for firms of any scale. You may want to consider that monthly fees for Junxure are a bit more expensive than some of the competitors in the market. While it is a premium product, it also means having to shell out around $44 to $700 per user per month. For more information on valuable tools financial advisors can use for their business, you can get great information from Rex Burgdorfer LinkedIn
