Financial advisors are always looking for new ways to generate leads and referrals. Here are eight referral ideas that financial advisors can use to grow their financial advisory practice:
Eight Referral Ideas for Financial Advisors
- Offering discounts and fee reductions are a great way to incentivize clients to refer you to their friends and family.
- Create an incentive program – reward clients who refer you with gift cards or other rewards.
- Leverage social media – use platforms like Facebook, Twitter, and LinkedIn to spread the word about your services and encourage referrals.
- Join organizations and societies – join professional associations in your area or industry to network with potential clients and get referrals from existing members.
- Send thank-you notes – show appreciation for referrals by sending thank-you notes or cards to those who referred to your business.
- Schedule semiannual meetings – meet with your current clients regularly to discuss their financial goals and ask for referrals from them if they’re happy with your services.
- Use referral networks – join a referral network specifically designed for financial advisors so you can connect with potential clients in your area or industry who may be looking for advice on their finances.
- Host intimate social events – invite current clients, prospective clients, and referral sources to small gatherings to build relationships that can lead to future referrals.
These are our Eight Referral Ideas for Financial Advisors. What other referral ideas do you use?