Nurturing client relationships year-round is critical to retention and referral business. According to an article in Financial Advisor Magazine, 84% of LPL advisors value celebrating key client life events, but only 41% of those advisors kept up with those events. Utilizing a curated gifting process during key relationship milestones ensures you remain top-of-mind with your clients, solidifying your position as their trusted advisor. In partnership with LPL Financial, Client Giant is enabling advisors to keep top-of-mind with clients throughout the year. See our best practices below to increase client appreciation, referrals and AUM. Top Practices for Client Gifting: Delivering great gifts can leave a lasting impact on a firm and its client relationships. By following these year-round gifting practices, you’ll build powerful referrals that bring you more appreciation and higher AUM.
Employee onboarding is a critical process for any organization. When done effectively, it not only helps new hires become productive and integrated into the company culture but also significantly impacts employee retention. A well-structured onboarding program with meaningful milestones can set the stage for a successful and lasting employee-employer relationship. In this blog post, we’ll explore the best practices for onboarding that can help increase new employee retention and enhance the overall employee experience, supported by key statistics. Personalized Welcome The onboarding process should begin with a warm and personalized welcome for each new employee. According to a survey by Glassdoor, companies with a strong onboarding process improve new hire retention by 82%. Encouraging the hiring manager to have a “virtual coffee” with their direct reports on their first day is a great way to […]
According to Financial Advisor Magazine, in the United States, more than 97,000 people hold the CFP designation, and there are more than 300,000 people employed as financial advisors. As financial technology continues to reshape the financial industry, financial advisors have the opportunity to harness digital tools and automated gifting services to enhance client services and improve efficiency. In this blog, we will explore three key ways financial advisors can embrace these innovations to revolutionize their practice, establish a competitive edge, and better serve their clients in today’s digital age. Embrace Digital Wealth Management Platforms Digital wealth management platforms, like Altruist, have gained significant popularity among investors, offering automated investment advice and portfolio management services. While older generations still lean toward these traditional outlets, younger cohorts (millennials, in particular) are driving a clear shift towards digital—with […]
In today’s environment, organizational resilience has become a cornerstone of success for Fortune 500 companies. These industry giants face a myriad of challenges, from economic downturns to global pandemics. Central to navigating these challenges is the Chief Human Resources Officer (CHRO), whose role is rapidly evolving to play a pivotal part in shaping organizational resilience. In this data-driven blog post, we will explore the key strategies CHROs employ and the impact of their decisions on organizational resilience within Fortune 500 companies. The Resilient Culture Catalyst One of the primary roles of CHROs is to foster a resilient and positive work culture within their organizations to improve employee engagement. A recent study conducted by Harvard Business Review found that companies with strong cultures of resilience were more likely to navigate adversity successfully. CHROs work with executive […]
The trick here is being completely honest with yourself. Are your 5-star reviews justified? 5 stars means 100%. Perfect. Immaculate. Is there no room for improvement?