When you’re a financial advisor for business owners, there are many ways to market your business. From social media to blog posts to email marketing, the number of choices can be overwhelming. And, you probably have a lot of questions, like: What is marketing for financial advisors? How will a digital marketing strategy help bring in new clients? How can financial advisors like me build a marketing plan?
If your target audience is the ultra-wealthy, then your marketing content should not only highlight your firm’s value proposition but address their interests and challenges as well. After all, UHNWIs are humans. Aside from their investments, they care about family, friends, business, hobbies, philanthropy, health, lifestyle, and politics.
Marketing to high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) is a challenging but rewarding endeavor. These are the people who have a net worth of at least $1 million and $30 million respectively, excluding their primary residence. According to the World Wealth Report 2021, there were 20.8 million HNWIs and 265,490 UHNWIs in the world in 2020, with a combined wealth of $79.6 trillion and $35.5 trillion respectively.
It’s been widely known that a global recession is coming our way. How long it will last or how hard it’s going to hit us is not yet certain, but many people and businesses are already feeling the blow. Multiple companies have been forced to close their doors as a result of the strict, but necessary, measures and policies that have been imposed in countries all over the world. For those businesses that have managed to find a workaround, it’s still highly probable that they are compelled to cut budgets, fire staff or even stop their operations after all.
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Jan 2022
17 Financial Advisor Marketing Tips
Business marketing know-how is one of the most important skills a financial advisor can have.
Digital marketing that targets high-net-worth-individuals and ultra-high-net-worth-individuals is a fairly niche area of expertise, with few digital agencies specialising in the luxury sector, and luxury brands having been generally slower to implement and reap the benefits of online marketing.
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