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.
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.
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.
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.