October 25 – 27 Join us online at the 2021 eMoney Summit from October 25 to 27 as we explore how to provide an authentic planning experience that’s as unique as each of your clients.

Welcome to
Heart of Advice

a new source of expert insights for
financial professionals.

Get Started

Tips specific to the eMoney platform can be found in
the eMoney
application, under Help, eMoney Advisor Blog.

eMoney Logo
Magnifying Glass Icon
Mobile Menu Icon Close Mobile Menu Icon
Arrow Icon

Heart of Advice

Insights and best practices for successful financial planning engagement
Learn more

Back to All Articles

Explore Our Categories

eBook - Shifting Your Compensation Model: Making the Most of Your Planning Expertise


5 Aspects of an Exceptional Client Experience

Celeste Revelli February 10, 2021

great client experience

The client experience is at the core of successful, profitable financial planning services. It is key for retaining loyal clients and securing new business for your firm.

With investment management margins shrinking, financial planning offers important new revenue streams. There is a major opportunity available to those who can exceed client expectations—a recent study1 isolated a group of firms delivering a great client experience and found they’re seeing remarkable returns:

  • Increased assets under management (AUM) by 20 percent (double all others)
  • 25 percent growth in new client acquisition (70 percent higher than all others)
  • 95 percent client retention rate (vs 50 percent for all others)
  • 20 percent growth in total clients (double all others)

Building your client experience is an essential step in growing your firm. To start delighting your clients, it’s important to first understand what they want.

What Financial Planning Clients Want

While every client is different, there are a few universal things that most people desire. Cerulli research shows that above all else, clients value trust, transparency, and the overall relationship they have with their advisor.2 The most important factor in choosing an advisor is transparency in all interactions. Further, the same study showed the top two factors for client satisfaction are trustworthiness and the overall relationship.

This is particularly important when you consider how the investor of the future will expect financial planning that accounts for their total well-being. Financial professionals will have to fully engage with both the personal and financial aspects of their clients’ lives—trust and transparency will be critical to forging these deep relationships.

But even by today’s standards, clients want to work with someone they trust, someone who makes it clear how their information is being used and how recommendations are developed.

With this in mind, you can start orchestrating a superior experience by focusing on five essential areas.

1. Digital Brand

Your brand is all about setting authentic, deliverable expectations. In many instances, it may be a client’s first interaction with your business, which makes it a great starting point for improving your client experience.

Start building the foundations of trust and transparency by ensuring all messaging in your digital presence is consistent, honest, and unique while outlining exciting, but realistic, expectations. Making important information like fees and services readily available on your website improves transparency. Catering to clients’ increasing desire to educate themselves by offering informative content can further build trust with prospective and existing clients.

A strong digital brand sets you and your firm up to deliver on expectations further down the road.

2. Client Onboarding

Manual onboarding processes can be cumbersome for clients. The onboarding experience is at the very start of a planning relationship when impressions are at a premium, so it’s important to get this part right. Creating trust and transparency at this stage can set the tone for the rest of the relationship.

Powerful data aggregation technology that relies on API connections goes a long way in making onboarding a smoother experience for clients. But beyond an investment in technology, communication is key.

You can share content with clients that sets expectations for the fact-finding and onboarding process. You can proactively address client concerns about data security while showing them ways to communicate safely. You can even give them a way to track their own progress through the onboarding stage.

All of these types of communication will introduce transparency into the potentially confusing onboarding phase, while also creating trust by demonstrating you’re in tune with their concerns.

3. Financial Plan Creation

Great financial planning doesn’t happen in isolation—it’s a collaborative effort. Inviting clients into the planning process assures them you’re working in their best interest and gives them confidence in their plan.

Offering a client website with easy access to investment and plan performance, along with progress towards their most important goals, is the most direct way to loop clients in. You can also go a step further by explaining the basic assumptions behind a plan and demonstrating the reasoning behind all of your recommendations. This makes the process of planning completely transparent, which helps build trust in the relationship.

4. Communication

Effective communication is essential for reassuring clients that you’re caring for their best interests. It keeps them engaged and loops them even further into the planning process.

Your communications should span the whole journey for the client. It starts with being upfront about your services and how you’re paid. It includes quickly and promptly answering all questions a client may have, setting alerts for items that will need attention from the client, and even providing educational resources to help clients learn more about their financial situation.

Staying in touch with clients at the right frequency with the right information helps them trust in your commitment to their well-being and demystifies the planning process for them.

5. Client Service

Service is an essential component of the client’s experience. Every client will inevitably have questions or concerns about your services—the way in which you answer will play a major role in their perception of you and your business.

Once again, offering a client portal with 24/7 access to information is a great start. You can offer them training on how to use the tools at their disposal as well—this will help them answer a lot of their own questions. But when they need further guidance, ensuring your whole team is well-versed in the technology you use, and being available to assist, will help ensure you’re addressing any potential client issue.

When a client need arises, you must be prepared to satisfy that need to continue delivering on the expectations you’ve established at the beginning of the relationship.

The Experience Is More Important Than Ever

Portfolio performance isn’t enough anymore—clients have higher expectations for an excellent experience centered around personalized, holistic advice.

Financial professionals that are delivering exceptional planning experiences for their clients are seeing remarkable results. For more information on how the client experience translates to revenue, why the experience is important now more than ever, and a deeper dive into building your own client experience, read our ebook “Building Your Client Experience: A Look at Why the Experience Matters and How You Can Stay Competitive By Creating An Exceptional One.


  1. eMoney Heart of Advice Research Report, September 2019, Advisors n=439, Investors n=605

DISCLAIMER: The eMoney Advisor Blog is meant as an educational and informative resource for financial professionals and individuals alike. It is not meant to be, and should not be taken as financial, legal, tax or other professional advice. Those seeking professional advice may do so by consulting with a professional advisor. eMoney Advisor will not be liable for any actions you may take based on the content of this blog.

About the Author

Celeste Revelli, CFP®, is the Director of Financial Planning at eMoney Advisor. She oversees advanced financial planning client support and services, as well as eMoney’s internal and external financial planning education programs and department operations. With over 10 years of experience in the financial services industry, Celeste received her CFP® designation in 2014 and graduated from Loyola University Maryland in 2008.

You may also be interested in...


Creating Virtual Interactions with Clients and Prospects

Events are a valuable element of how advisors build relationships with clients. Whether it’s a meeting, an appreciation banquet, or… Read More

financial planning psychology meeting

Psychology for Planners: How to Engage with Clients’ Financial Behavior

Money is deeply personal—our financial behavior is intimately linked with the perceptions, ideas, attitudes and beliefs we’ve formed around money… Read More

financial advisor client service

Perfecting Your Client Service Model

The client’s experience is more important than ever. It’s vital during times of disruption to retain clients, and it’s imperative… Read More

2021 eMoney Summit: Planning with Purpose

Join us October 25-27 for a virtual conference as we explore how financial professionals who plan with purpose can deliver expertise and insight entirely unique to them.


Sign up to have the most popular Heart of Advice posts delivered to your inbox monthly.

Sign up to have the most popular Heart of Advice posts delivered to your inbox monthly.

Heart of Advice by eMoney Advisors

Welcome to
Heart of Advice

a new source of expert insights for
financial professionals.

Get Started

Tips specific to the eMoney platform can be found in
the eMoney
application, under Help, eMoney Advisor Blog.