Tuesday, January 19 at 2:00 p.m. ET Hear from Gregory Furer, CEO of Beratung Advisors, as he shares his method for building and presenting financial plans in a way that supports the type of client experience that helped Beratung grow their AUM by 500%.

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eBook - Power to the Plan: The (R)evolution of Financial Advice

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Does Your Tech Stack Give Customers the Best Experience?

Joe Kozeniewski September 5, 2019

What’s the quickest way to sour the customer experience?

Press 1. Press 4. Press #.

Say “Yes.” Repeat “Yes.” Yell “YES!” And then press 0-0-0-0 repeatedly.

“Sorry, I can’t understand you. Back to Main Menu.”

Too often, technology is implemented for the sake of cost or efficiency, not the customer experience. As an advisor, your most important assets are your clients. If they are discouraged, or worse, disengaged by your current technology offering, it may be time to focus on the “Experience Stack.”

The Tech Stack Trap

“You’ve got to start with the customer experience and work back toward the technology—not the other way around.” – Steve Jobs, co-founder, Apple

Advisors often purchase technology to improve their workflow, but struggle to use it efficiently. What looks simple during a demo is frustratingly complex during regular use. This complexity is a problem for their customers as well. Clients want to engage with advisors across multiple channels, and they expect consistency regardless of whether they’re talking to a bot, emailing, clicking on a website, or jumping back and forth between their laptop and their phone.

Putting the Customer First

Focus on the customer experience is growing rapidly. In 2017, as firms looked to improve efficiency and maximize profit, only 14.6 percent of respondents reported the client experience as a top factor when evaluating tech performance1. Now, things have swung back the other way—in 2019, 72 percent of firms say the client experience is a top consideration when deciding whether to invest in new technology.

The Experience Stack: Less is More

Technology used for the ease of customers should take priority over flashy and cumbersome tech stacks. It’s easy to understand why 55 percent of wealth management executives want to prioritize operational efficiency2 given that so many disparate tools may be available within their firms. While technology and tools can help advisors do their jobs, without integration, they will not improve the client experience.

By focusing on the Experience Stack, firms can streamline advisor workflows so they can deliver value to clients beyond fluctuations of the market. Instead of selling a product, advisors will be selling outcomes—the lifestyle that goals- and cash-flow based planning will help clients achieve.

The Experience Stack

Click here to read more about the importance of “The Experience Stack.”

12017 InvestmentNews Advisor Technology Study

2Cerulli Associates, Advisor Edge: Technology, Q1 2019

About the Author

Joe has over ten years of experience in digital marketing, business development, and strategy. He's worked primarily in financial and compliance-related roles that hinge on his ability to advise on complex industry regulations. As Demand Generation Strategist at eMoney, Joe is the driving force behind all advisor-facing marketing campaigns.

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Webinar - Do More Planning: Building the Plans

Catch part 3 in the webinar series as Greg Furer, CFP®,CRPC®, CEO of Beratung Advisors, shares how to build and present plans in the same way that brought his firm 500% AUM growth. Tuesday, January 19, 2021 from 2:00 – 3:00 p.m. ET

REGISTER NOW
Webinar - Do More Planning: Building the Plans

Catch part 3 in the webinar series as Greg Furer, CFP®,CRPC®, CEO of Beratung Advisors, shares how to build and present plans in the same way that brought his firm 500% AUM growth. Tuesday, January 19, 2021 from 2:00 – 3:00 p.m. ET

REGISTER NOW

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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.