bamboo icon white

Simplify lead generation, improve your digital presence, and generate new business with digital marketing technology designed to help you accelerate growth.

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

CE Webinar - Tax Legislation Projections in a New Era (1 CFP® CE Credit) - Thursday, March 4 2:00p.m. ET

REGISTER NOW

Triple Play: Deliver an Exceptional Client Experience Using The Rule of Threes

Joe Kozeniewski January 28, 2020

It seems good things come in threes. The Three Little Pigs. Snap, Crackle, and Pop. Bacon, lettuce, and tomato. Can you tell it’s almost lunchtime?

Recent eMoney research has uncovered compelling insights on how advisors can deliver a remarkable client experience—what we call The Heart of AdviceSM, or when successful advisors marry the emotional elements of behavioral finance with the scientific aspects of wealth management.

The Rule of Threes

The results of our study created another powerful trio:

Read on, while I head to the cafeteria and choose between a bowl of porridge that’s too hot, one that’s too cold, and one that’s just right.

Reading, Writing, Arithmetic

We surveyed both advisors and investors on the concepts of the head, the heart, and the hand. Our goal was two-fold1: to determine how well client experience preferences aligned, and to identify strategies used by the most successful advisors.

An unplanned event—like the death of a close family member or a job loss—could lead a client who typically prefers the emotional components of the client experience to shift toward a need for factual and analytical support.

Did you know? Advisors who incorporate the Heart of Advice into their practice reported2:

  • 95% client retention rate
  • 20%+ AUM & compensation growth in the last 5-years
  • 20%+ growth in total clients in the last 5-years

Advisors might need to walk these clients through the steps of executing a will, transferring a 401(k) account, or tapping an emergency fund.

Clients who are normally factually focused may want their advisor to appear more compassionate following a negative life event. They may appreciate an advisor who sends a sympathy card, or they may prefer a bit more space before getting started on the next steps of the financial process.

An advisor gives clients a better experience by embracing the Heart of Advice.

On Your Mark, Get Set, Go

Advisors need to sense these changes and adapt in the appropriate direction. Getting to the Heart of Advice means constantly assessing client preferences and adjusting as needed.

How advisors choose to integrate the science, art, and technology of advice will determine the quality of their clients’ experiences. To create an exceptional client experience, advisors need knowledge, authentic engagement, and client-centric technology.

Triple Threat

By understanding client priorities along these three dimensions, advisors can learn how to re-orient their business, improve their client experience, and generate better growth. You’ve learned quite a bit while I had my lunch—ending, of course, with a Three Musketeers.

Click here to discover how eMoney can help you deliver a more effective client experience by embracing The Heart of Advice.

1Not three-fold, unfortunately

2eMoney Heart of Advice Research Report, September 2019

Photo: Shutterstock

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.

You may also be interested in...

great client experience

5 Aspects of an Exceptional Client Experience

The client experience is at the core of successful, profitable financial planning services. It is key for retaining loyal clients… Read More

Guiding clients through market volatility

Guiding Clients Through Market Volatility

One of the best things about uncertain times is that they remind us to take stock of those checks and… Read More

Webinar Replay: Maximize Your Client’s Lifecycle Journey in 2021

In part 1 of a 3-part series, you’ll see how financial planning and marketing work together to grow your business,… Read More

Webinar - Advisor Panel: How to Approach the Client Journey in Your Business

Hear from your peers as they walk through their real life examples to help you with your planning and marketing efforts in 2021! Wednesday, March 10 at 2:00 p.m. ET

REGISTER NOW
Webinar - Advisor Panel: How to Approach the Client Journey in Your Business

Hear from your peers as they walk through their real life examples to help you with your planning and marketing efforts in 2021! Wednesday, March 10 at 2:00 p.m. ET

REGISTER NOW

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.