New Heights Solutions Blog
Get the latest tips and tricks on practice management and technology
Welcome Aboard: Bringing an Outsourced Member to Your Team
From a young age, many of us are taught that self-sufficiency is the key to success. In business, it can be tempting to try to tackle every task internally. But that tactic can lead to severe burn-out, less productivity, and more money spent. For some tasks, it is...
The Value a Paraplanner Brings to Your Practice
At some point in time, many financial planners hit a wall in their practice. They’re unable to continually keep up with maintaining solid client relationships, meeting with and onboarding new prospects, completing financial planning work, and checking off all the...
Strategies For Gathering Client Information
As you build out your business processes, it’s important to identify where a bottleneck could potentially occur. In some cases, this might be you. When you run your own financial planning practice, you end up wearing a lot of hats - it’s normal for a few to do’s to...
How to Optimize Tech
In the financial planning world, there are many different tech tools you can use to further your practice. In fact, there are so many different options available to you as an advisor that it can become difficult to use the right tools in an efficient way. It’s easy to...
What Makes a Good CRM?
At New Heights Solutions, we believe in the power of an exceptional CRM. Of course, not every CRM is created equal in price or quality, which is why it’s important to dig deeper to find one that works for you as a financial planner. We want to break down the pros and...
Budget Conscious RIA Part 2: Choosing a CRM
A CRM - or Customer Relationship Management tool - is a software that helps advisors and business owners organize their clients. A good CRM will help you achieve several things: Securing client information. Tracking client data (like birthdays, when follow ups are...
Cost v. ROI
There are so many things available for new business owners to spend their money on. It often feels as though there are too many options - and financial planners who have founded a new RIA are overwhelmed with sticker shock. Deciding what expenses are worth the cost,...
Avoid Business Burnout
As a financial planner and business owner, you’re at high risk for burnout. You are constantly surrounded by other advisors and financial planning professionals, and the temptation to compare your journey to theirs often can’t be avoided. You’re also fed a steady...
Cybersecurity for Advisors
Cybersecurity is a necessary part of our business climate today, but it’s especially critical for financial advisors. When you’re charged with not only protecting your own data but that of your business and the personal finance data of your clients, you need to make sure you have an airtight game plan. A data breach for you could potentially be catastrophic for both you and the clients you’re serving.
3 Things That Make for a Compelling Client Experience
In the world of financial planning, client experience often falls by the wayside. This, in large part, is through no fault of an advisor themselves. Growing a financial planning practice is tough. There are so many different aspects of running your business that require your immediate attention that as you start to scale it’s easy to miss small details.
What Does a Seamless Onboarding Process Look Like?
Client onboarding is often the most important process in your financial planning business. As you onboard a new client, you’re gathering information about them, building a deeper connection, and helping them create a financial plan that you’ll assist in implementing....
Processes That Are Hurting Your Business
Before you start overhauling all of your processes, it can be helpful to hold the magnifying glass up to a few key procedures and eliminate inefficiencies there first. To determine where you need to focus your energy, let’s take a look at some of the most common processes that advisors struggle with.
The Budget Conscious RIA Part 1: Financial Planning Software
When you’re starting your RIA, you are careful about every dollar you spend. What sacrifices can you make when choosing financial planning software without risking client experience or a costly conversion?
Operating a Virtual Business
Operating a virtual business can open up a lot of freedom, but working remotely does take some getting used to. Here are some tips on working from home and ensuring a great client experience.
10 Tasks Financial Advisors Can Outsource to a Virtual Assistant
Want to take some time-consuming tasks off your plate, but not sure where to start? Here are 10 tasks you can outsource to a Virtual Assistant right away.
Advisor’s Guide To The Best Online Meeting Scheduling Tools
If the back and forth of scheduling appointments is frustrating to you, or you just need a little extra time in your day, you should consider implementing an online meeting scheduling tool in your practice.
Top 5 Benefits of Using Zapier for Financial Advisors
What is Zapier? How do I use it? This post explores some of the top benefits of using Zapier in a financial advisor’s practice.