Email Marketing for Financial Advisors – A Comprehensive Guide

Anthony Gordon

Table of Contents

Email marketing for financial advisors seems dead simple until its power escapes you. A sparsely decorated email newsletter barely ekes 10% open rates. Inbound leads hibernate indefinitely across stagnant funnels. Promotions flop as irrelevant mass emails spam subscribers away. Why does your finely honed financial expertise shared through digital channels often fade into obscurity?

Email marketing generates an average ROI of $36 for every $1 spent across industries when applied thoughtfully. Why ignore such accessible performance potential?

While working in the financial industry for many years, I’ve seen email messaging and sequencing nuances transform email communications from one-way broadcasting into an indispensable income engine. In this hands-on guide, I’ll share my email marketing tactics and strategies tailored for financial advisors. Let’s dive in!

KEY TAKEAWAYS

  • Craft Compelling Subject Lines: To improve open rates, financial advisors should focus on creating subject lines that resonate with their target audience. Use personalization, pose intriguing questions, or include numbers to suggest actionable advice. For example, “5 Investment Mistakes to Avoid in Your 30s” or “Is Now the Right Time to Refinance Your Mortgage?”.
  • Segment Your Email List: Personalization is key to engaging different segments of your audience. Segment your email list based on demographics, financial goals, and behaviors to tailor your content. This strategy can lead to six times higher transaction rates and revenue from personalized email content.
  • Provide Valuable Content: The majority of your email content should be educational, aiming to empower your audience with financial knowledge. Share insights on market trends, financial planning tips, and wealth management strategies. This approach helps build trust and positions you as a valuable resource.
  • Use Email Marketing Automation: Automate your email campaigns to efficiently manage communications and maintain consistent engagement with clients and prospects. Welcome sequences, nurture campaigns, and re-engagement emails can help keep your services top of mind and build strong relationships over time.
  • Monitor and Optimize Performance Metrics: Regularly analyze key performance metrics such as open rates, click-through rates, conversion rates, and unsubscribe rates to refine your email marketing strategy. Benchmark against financial industry averages and use A/B testing to determine the most effective content, subject lines, and calls to action.

What is Email Marketing for Financial Advisors?

Email marketing for financial advisors is a strategy where advisors use email to communicate with current and prospective clients. It involves sending content, like latest financial news or blog posts, to cultivate relationships and keep advisors top of mind. Email marketing helps build trust and drive engagement.

PurposeType of EmailFrequencyContent IdeasGoal
Get Introductions to ProspectsOutreach to centers of influence like accountants, estate attorneys, etc.1x/monthBackground on your financial services, ask for warm introductions to appropriate contacts.Expand referral networks
Cold Outreach to ProspectsIntroductory, value-add email content. For example: market commentary.2x/monthCommentary on current events, offer of free consultation.Initiate relationship, move prospect to newsletter list.
Ongoing EducationBlog and newsletter content emails.2x/monthCommentary, education on markets, financial planning strategies.Build brand, nurture prospects.
PromotionsDiscounts, events, offers.1x/quarterFree consultation offer, event invite, access to financial resources.Convert to client.
Maintain MindshareContent links, company updates, requests for referrals.1x/monthLinks to newly published content, company news, ask for introductions.Retain existing clients.
Reactivate Lapsed ClientsCheck-in, review offer.1x/quarterCheck in, offer portfolio review or updated financial plan.Generate revenue from lapsed clients.
Custom branding
Showcase your brand.
Video narrations
Easily video-narrate PDF presentations or key documents when needed (otherwise video is optional). Redo slide if you made a mistake. Use built-in teleprompter to record longer videos.

Data rooms
Attach any supporting files and links. Make it easy for your prospects and clients to find the right information quickly.

Company profiles
Create company profiles with custom banners and info-packages tailored to different industries.
Contact details
Show your contact info easily accessible by your prospects and clients.
Custom CTAs
Add custom CTAs to drive prospects or clients to your calendar, sign up form, etc.
Engagement analytics
See how prospects and clients interact with your PDFs.

Feedback and Reactions
Collect feedback from prospects and clients. Feedback and reactions are not publicly visible.
Share PDFs
Share any existing PDF presentations and documents.
Live links
Share with a single link. Update files even after sharing your link. Get notified when your PDF is viewed. Turn off access anytime.

DeckLinks icon

Simplify Complex Topics with Video PDFs

Boost client engagement with personalized video explanations of key financial documents. Access engagement analytics. Learn more.

Benefits of Email Marketing for Financial Advisors

Over the years working in the financial industry, I have experienced the evolution of email marketing into an indispensable growth channel for financial advisors. For time-constrained advisors struggling to nurture client relationships amid fierce competition, email marketing delivers 4 compelling advantages:

  1. Email enables consistent communication on clients’ schedules, not yours. Send valuable insights or market updates when works for your audience. This 24/7 availability and accessibility nurtures hard-won trust even if financial advisors cannot be everywhere at once themselves.
  2. Highly personalized email messages based on demographics, interests and behaviors make every subscriber feel special. Segmenting alerts or promotions by client persona achieves hyper-relevance traditional channels cannot match. Automated CRM integrations also facilitate data-led relationships at scale.
  3. Email marketing facilitates multichannel lead generation and sales funnel acceleration complementing other digital assets. Strategically placed newsletter signups, gated compelling content offers and calendar booking links strongly reinforce websites, social media and offline prospect nurturing.
  4. Multimedia content keeps engagement high. Embed interactive visualizations, video PDFs, financial calculators and rich infographics matching subscriber preferences revealed through rigorous A/B testing. Continual experimentation and optimization drives results higher.
INSIGHTS FROM THE EXPERTS
Reh Bhanji (Certified Financial Planner, Chartered Life Underwriter)
Reh Bhanji (CFP, CLU)

National Best Practice Leader at Desjardins

Building an Email List

What transforms an unread circular into an eagerly anticipated newsletter? For financial advisors seeking to attract more clients amidst overwhelming competition for eyeballs, the reply comes down to cultivating robust yet responsive email lists.

Here’s what my team and I do when building email lists:

Step 1: Identify prospective clients.

As most financial advisors know, not all prospective clients are a good fit. Carefully identifying your target market and ideal client demographics is crucial for email marketing success. After all, there’s no point wasting time and resources emailing those who will likely never become customers.

The starting point is gaining crystal clarity on who you serve best – whether it’s physicians, business owners, retirees or some other niche. Assess factors like age, income level, investing priorities and financial sophistication. For example, younger investors may be focused on goals like saving up to buy a home, while those nearing retirement need guidance on preserving capital and generating retirement income.

This analysis will allow you to segment your emails lists so messaging can be personalized and relevant. This can be quite time consuming but I’ve found this strategy pays dividends. From what I’ve noticed, prospects engage significantly more when email content directly addresses their major concerns and aspirations.

Step 2. Create compelling opt-in and lead capture forms with incentives.

Once the target demographics are clearly defined, the next imperative step is getting those high-value prospects to actually opt into your email marketing campaigns.

Over the years in the financial services industry, I’ve seen many financial advisors waste time and money pursuing the wrong contacts. They pay for expensive lists of vague “leads” or engage in paid advertising on platforms like Google or Facebook just to drive generic traffic to their website.

What’s been working for me is focusing on attracting and capturing the right prospective clients from the start. As you build your email list, keep your ideal client profile front of mind. Develop targeted lead magnets that speak to their biggest pain points and needs.

Think of permission-based signup forms as a first date with a potential long-term client – you must pique interest fast while beginning to earn trust. That’s why an incentive offer in exchange for an email address is so key. But beware of generic, low-value incentives that telegraph desperation or undermine your expertise.

For example, a free consultation or financial checkup worksheet customized to the reader’s situation can demonstrate your capabilities while solving an actual need. The incentive should feel exclusive, like an invitation behind the velvet ropes rather than a ploy to collect contacts.

For example, one of my friends in the industry created a “TFSA Maximization” guide to attract warmer leads. In just 2 months, she doubled her qualified subscriber list. Here’s another one that worked great, a guide revealing the top 10 reasons clients switch financial advisors, a checklist of questions every investor should ask, and early access to an upcoming webinar with a recognized finance leader. These established relevance while avoiding giveaways that attract unqualified leads unlikely to ever convert.

Compliance is equally crucial. Never add contacts and send emails without their clear opt-in consent! Provide straightforward value in exchange for their email address. And give them easy unsubscribe options with every email message. You want to build an email list of engaged subscribers who genuinely want to hear from you.

In the signup form itself, only gather essential information, using friendly, welcoming language. I cannot stress enough the importance of first impressions in the email sequence. As any financial advisor can relate, prospective clients will latch onto even small negatives, so sweat the details on optimizing those email opt-in forms for trust and engagement right out the gate.

Yes, this approach takes a lot of upfront effort. But you’ll fill your pipeline with qualified, responsive new leads that convert to clients. And you’ll establish trust and transparency from the start. Focus on quality over quantity, and the results will speak for themselves.

Step 3: Grow your email lists (website, social media, paid media, content offers)

With compelling signup forms converting visitors into email subscribers, I recommend turning to email marketing tactics that will continuously expand the size and quality of your email lists organically. From my experience in growing my own email list, I’ve found that scaling subscriber reach in sustainable ways is paramount.

Expanding your reach through digital marketing channels is essential, but I advise carefully targeting your efforts. Too often I see financial advisors wasting advertising dollars trying to attract the masses. A broad, spray-and-pray approach simply won’t convert. At least, it never worked for me or my colleagues in the financial industry.

Begin by getting crystal clear on your ideal client. Analyze the common threads across your best customers – age, profession, location, interests, financial needs, etc. This clarity allows you to create tailored campaigns and content that resonates with your niche.

From there, leverage platforms your targets frequent. For retirees, a Facebook advertisement to a local golf community, from what I’ve seen, may convert well. For busy parents, an Instagram post with savings tips could capture emails. And for business owners, guest posting on a popular industry blog can get you new subscribers.

Keep cultivating your presence across digital marketing channels, positioning yourself as an always-accessible resource for financial guidance and market insights. Regularly update your website’s blog, contribute guest posts to industry sites, and leverage social platforms to share market trends, news and evergreen educational content.

For example, a LinkedIn post analyzing recent stock market volatility catches the eye of prospects in your niche. It links back to a blog post expanding on protecting assets during uncertain times. Readers who click become aware of your financial advisory firm and your expertise. Place email signup forms and lead magnet offers throughout your content to convert visitors into new subscribers.

To accelerate growth, deploy targeted paid advertisements to lookalike audiences resembling your best existing clients on platforms like Facebook and Instagram. Retargeting past website visitors through paid advertisements also reminds those previously interested to opt-in for your email nurturing sequence.

The key is to not rely solely on your own channels. Meet prospects where they already spend time and trust established brands. But always direct them back to your lead magnets and website to capture their information.

I cannot overstate the value of advanced audience selection for elevating email marketing ROI. A great email marketing automation platform when integrated with a robust CRM offers sophisticated filtering options to identify and segment contacts based on engagement, demographics, interests, and online behaviors.

I’m obsessed with testing email content while monitoring metrics like email open rates, email click through rates, PDFs engagement, cost per lead, etc. This obsession with continual optimization allowed me to improve email marketing campaign results by over 300%.

You might be surprised how a small, highly-relevant social media advertisement or community partnership can outperform a large mainstream effort. Remember, quality over quantity. 100 engaged subscribers who fit your niche are far more valuable than 1,000 random new leads. Focus on growing your email list deliberately with your ideal client in mind.

Why It's Important to Have a Permission-Based, Opted-in Email List

Trust is the cornerstone of any financial advisor-client relationship. When it comes to email marketing, nothing erodes trust faster than spamming people without their consent. Seems obvious right? Yet I still encounter financial advisors who buy random email lists. This short-term thinking sabotages their reputation and email marketing results.

Over my career in the financial services industry, I can tell you that marketing email list quality trumps quantity every time. A small group of engaged, opt-in subscribers will outperform a huge email list of unqualified contacts. Build your email list deliberately. Use ethical practices like lead magnets, not shady email list purchases.

When prospective clients willingly give you their email, they’re demonstrating an interest in your financial services. They want to hear from you. Honor that permission by providing valuable content focused on their needs. And give them easy unsubscribe options in every email.

Regulations around permission and compliance

Financial advisors have compliance coded into their DNA. With email marketing, several core regulations protect subscriber privacy while combating spam – namely CCPA, CAN-SPAM, CASL and GDPR. These must be baked into every financial advisor’s email marketing approach from the start.

For instance, CAN-SPAM requires clear opt-out mechanisms and sender identity on marketing emails, while CASL mandates express consent before adding Canadian contacts. Meanwhile GDPR and CCPA impose strict requirements around data security and storage for EU and California email subscribers respectively.

Violations can lead to fines, damaged trust and even loss of critical email sending privileges. Thus compliance should be top priority. I highly recommend consulting your legal counsel to ensure signup flows obtain proper permissions, storage procedures are air-tight and all outgoing emails allow one-click unsubscribes.

INSIGHTS FROM THE EXPERTS
Reh Bhanji (Certified Financial Planner, Chartered Life Underwriter)
Reh Bhanji (CFP, CLU)

National Best Practice Leader at Desjardins

How to Create Effective Email Content

Creating effective client communications poses an escalating conundrum for time starved financial advisors. So how do you personalize guidance and demonstrate value at scale? This challenge multiplies exponentially for email content expected to penetrate spam defenses and resonate amidst overwhelming digital noise.

Here’s how I typically tackle creating effective email content:

1. Writing compelling email subject lines.

With subscriber signup and compliance fundamentals in place, crafting engaging email content comes next on the priority list. And there may be no component more crucial to email success than compelling subject lines. Email open rates hinge hugely on that attention-grabbing text!

Yet, I’ve seen many well-intended financial advisors fall short here. Lines are too vague (“Latest Updates”), generic (“Investment Commentary”) or overly salesy (“A Strategy To Beat The Market”). These email subject lines fail to make meaningful emotional connections or convey subscriber-specific value from the get-go.

So let’s explore some email subject lines that I’ve seen working great:

The “You” Focused Headline – Speak directly to readers by calling out specifics around recent life events, financial goals or demographic data to grab attention fast. Examples: “Sarah, Top 5 Retirement Blindspots To Avoid” or “Missteps To Avoid As a Young Investor”.

Cliffhanger Headlines – Pose an intriguing question that compels the reader not knowing the full story. For instance: “Why Is Your Current Retirement Plan Costing You Thousands?” or “Think Stocks Will Keep Crashing? Not So Fast…”

Numbered Headlines – Number-focused headlines suggest practical, easily scannable value. For example: “5 Must-Ask Questions Before You Cash In RESPs” or “Top 7 Tax Changes For 2024 You Can’t Afford To Miss”.

Of course, no formula replaces understanding your clients and prospects and their mindsets through regular engagement surveys and community involvement. But equipped with subscriber insights and these email subject line tactics, your headlines will be opening email inboxes far more often.

2. Guidelines for email content.

With subject lines opening the email door, focus on crafting compelling email content, that informs, inspires and nurtures lasting client relationships. Remember, inboxes are glutted – so avoid overcomplicated jargon while respecting prospective clients overloaded schedules.

First rule – be concise. I cannot stress this enough! Limit paragraphs to 3-4 sentences conveying one key point. Break up text with frequent headers and bullet points highlighting Insights, Action Items or Discussion Starters. This boosts scannability.

Secondly, infuse a warm yet professional tone. Think conversation over lecture. Pose rhetorical questions to stimulate thinking. And share experiences from your own financial journey to prompt reflection or debate.

The most effective emails are crafted in a funnel shape, beginning with longer sentences and transitioning to shorter ones towards the end, allowing readers to easily scan the content. I’ve personally A/B tested this funnel-shaped email structure, which has effectively increased my CTR (Click-Through Rate) by up to 200%.

Lastly, ruthlessly cut fluff or filler that dilutes the reader value-add. Every sentence must substantive and immediately applicable to strengthen decision-making or planning capabilities. Recommend specific instruments, vendors or execution steps when experience shows superior outcomes. If a paragraph fails to educate or enable, delete without mercy!

3. Personalization and segmentation strategies.

With inboxes overflowing with email promotions, you have mere seconds to grab your prospect’s attention. This begins with compelling subject lines that speak directly to their most pressing financial concerns. However, the relevance cannot end there. Your email content must continue to address your target audience’s unique needs.

According to a study by Experian Marketing Services, personalized email content results in six times higher transaction rates and revenue. Personalized email content also boosts clickthrough rates by an average of 41%.

Start by dividing contacts based on client type – existing customers versus prospects. This allows appropriately tailored content for each group.

You can further segment by demographics like age, profession, location, and more. For instance, send recent graduates budgeting tips and student loan insights. Provide high net-worth entrepreneurs resources on wealth preservation and legacy planning.

With clearly defined segments, you can create content that truly resonates. Provide each group with educational materials addressing their biggest financial concerns. Backed by your expertise, these insights will position you as an invaluable financial advisor.

For working professionals, share market updates and retirement planning strategies. Offer families guidance on saving for college or protecting their assets. Retirees may appreciate news on pension plans or travel discounts.

Customize each email message using your contacts’ names, recognizing major life events, and referencing previous conversations. This level of personalization significantly boosts open and clickthrough rates.

However, resist overt sales pitches. Focus on providing valuable content first and conversions will naturally follow. Remember, your role is to guide clients towards financial success.

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4. Balancing promotional and informational content.

Beyond one-off marketing emails, financial advisors must strategize optimal balance between evergreen financial education against timely service promotions across the full subscriber journey. Get this balance right, and consistent value cements durable loyalty. Skew too promotional, and unsubscribes snowball.

So what’s the golden ratio? In my experience, doing email marketing for many years, stick to 80% educational content for 20% periodic promotions. Share general wealth tips, retirement planning checklists and tax strategy refreshers freely without pushing products. Sprinkle occasional portfolio diversification offerings, fee-adjusted investment vehicles and estate planning services as value-adds befitting their financial life stage.

Of course, evaluate email content resonance through engagement analytics, adjusting ratios accordingly. Click-happy Millennials may appreciate more frequent insights on maximizing returns from volatile tech sector vs risk-averse baby boomers awaiting fixed pension maturity. Similarly, sequence promotional content post major market events, policy changes or economic milestones warranting portfolio rebalancing. Timeliness must complement evergreenity for well-roundedness.

Regardless of proportions, effective marketing emails masterfully blend levity with gravity. Lighthearted humor connecting to shared financial fatigue forges connections with expertise. Witty yet accessible metaphors simplify complex topics like risk profiling through everyday analogies. Relatable anecdotes demonstrating counsel transforming adversity into prosperity inspire hope. Ultimately, communications emulate the warm yet astute guidance treasured trusted advisors are known for.

Wrap each marketing email with clear value propositions: “Schedule a 30 minute portfolio audit” or “Download our 2040 retirement readiness checklist”. Making your solutions easy to act on removes hesitation around first appointments. Add a call-to-action, underline altruism – how choosing you aids their family’s futures.

5. Balancing information and Calls-to-Action.

As covered earlier, marketing emails must deliver perpetual education and insights balancing timely product promotions across the subscriber lifecycle for optimal engagement. And the glue cementing this educational-promotional content blend lies in clear calls-to-action.

I’ve discovered most financial advisor emails score highly sharing advice but then abruptly end without channeling readers towards action. This leaves value unharvested; profound financial insights enlighten but no path stands ready for activated application.

You can start by identifying desired outcomes prioritizing subscriber advancement. Is portfolio diversification the urgent gap requiring address? Or escalating insurance to parallel income growth? Outcome clarity focuses content craft.

Next, align copy, imagery and flow building towards recommendations answering that need while establishing financial advisory ethos. For instance, an estate planning marketing email might share a relatable story of a small business owner client succeeding despite losing her husband early. Statistics underline escalating entrepreneur mortality. The sequence implicitly moves the reader through risk acknowledgment into expedient policy pricing options.

With context and gravity framed, insert clear call-to-action: “Click here to receive a free customized estate cost forecast addressing your unique needs”. Articulate specifics – policy types, duration options, discounts qualifications around their situation. Sprinkle supportive collateral like insurance planning calculators or risk evaluation quizzes further underscoring capability and care.

For financial advisors tepid about hard-selling, soften approaches by leading with people over products – “Speak with our independent financial advisor Pete. His personal loss history helps many find the right balance between affordability and protection”. Either way, ensure next-step options feature with crystal clarity while speaking genuinely to financial wellbeing.

Custom branding
Showcase your brand.
Video narrations
Easily video-narrate PDF presentations or key documents when needed (otherwise video is optional). Redo slide if you made a mistake. Use built-in teleprompter to record longer videos.

Data rooms
Attach any supporting files and links. Make it easy for your prospects and clients to find the right information quickly.

Company profiles
Create company profiles with custom banners and info-packages tailored to different industries.
Contact details
Show your contact info easily accessible by your prospects and clients.
Custom CTAs
Add custom CTAs to drive prospects or clients to your calendar, sign up form, etc.
Engagement analytics
See how prospects and clients interact with your PDFs.

Feedback and Reactions
Collect feedback from prospects and clients. Feedback and reactions are not publicly visible.
Share PDFs
Share any existing PDF presentations and documents.
Live links
Share with a single link. Update files even after sharing your link. Get notified when your PDF is viewed. Turn off access anytime.

DeckLinks icon

Unlock Client Insights with PDF Analytics

Identify your most engaged prospects and clients. Elevate your communication strategies through in-depth analysis of PDF engagement data. Learn more.

Marketing Email Types

As a financial advisor, the email messages you send to your audience can have a profound impact on building relationships and generating business. However, not all marketing emails serve the same purpose. To get the best results, it’s crucial to match the type of email to the subscriber’s place within the customer journey.

I’ve found it helpful to break emails down into four key categories:

1. Welcome emails.

The welcome emails is the first touchpoint when a prospect opts into your email list. Often prompted by a compelling lead magnet, these marketing emails aim to deliver on what was promised, providing that sought-after value right out the gate. More so, it establishes trust and goodwill, laying vital groundwork for future messaging.

I usually structure the welcome emails as two emails sent within the first week of sign-up. The first email covers formalities like proper introductions, key contact details, and links to social media accounts. I try to sprinkle in a paragraph reiterating why my financial industry insights are worth their inbox space.

Email two unpacks the lead magnet, sharing the promised content in full. This shows you keep your word. End by outlining what new subscribers can expect moving forward – perhaps a weekly newsletter with market commentary or monthly retirement tips tailored to their stage of life.

2. Educational content.

The key to stellar email marketing lies in the value you provide. Go beyond periodic sales pitches by crafting informative, educational content to guide clients on their financial journey. For instance, share evergreen tutorials explaining essential money concepts in plain terms, along with bite-sized tips to optimize spending and saving habits.

Curate specially tailored content matching the unique needs of each subscriber segment. Offer useful tips, financial calculators and tools for better planning. Provide market analysis and intelligence to help them make smarter investment decisions. The goal is simple – empower your audience to take charge of their finances. In doing so, you establish yourself as an invaluable knowledge resource worthy of their continued attention.

3. Promotional emails.

While educational content does most of the heavy lifting relationship-wise, the occasional promotional email serves a mutually beneficial role for both advisor and client. Strategically highlight financial services or products that solve specific pain points your target audience faces. Of course, balance overt selling with value; share tangible examples of how you’ve helped other clients in similar shoes.

I try to keep my promotional emails short, typically end-of-newsletter placements with clear calls-to-action. And remember, segment suitability remains key; only promote retirement solutions to those approaching their silver years. Customized relevance beats broad-based blasting any day, driving higher engagement and conversions over time.

4. Client updates.

Your job doesn’t end once a financial planning engagement begins. Regular client updates represent an integral touchpoint for sustaining fruitful long-term relationships. These messages cover recent portfolio adjustments, changes to investment strategies, and emerging shortcuts to accelerate financial goals based on shifting market dynamics.

Occasional non-financial content also belongs here; congratulate a client on the birth of a child or landing a big promotion at work. Holiday messages festively punctuate the year, mingling seasonal cheer with good tidings about portfolio health or FYI’s on upcoming tax changes. Ultimately, this category brings the human touch, helping advisor-client relationships flourish for the long haul. I highly recommend video-narrating client updates. It made my client updates much more engaging and easier to follow, and my clients always appreciate the human touch.

INSIGHTS FROM THE EXPERTS
Reh Bhanji (Certified Financial Planner, Chartered Life Underwriter)
Reh Bhanji (CFP, CLU)

National Best Practice Leader at Desjardins

Marketing Emails Accessibility and Inclusion Considerations

Having covered the core marketing email types that drive results, I really want to talk about an equally vital component – accessibility and inclusion.

You see, financial literacy and planning resources often remain out of reach for those living with disabilities. Yet they stand to benefit hugely from tailored guidance empowering them to take charge of their finances, potentially transforming what the future holds.

Barriers like complex web interfaces, text-heavy emails and inaccessible PDF guides shut them out instead. But financial advisors can fix this through small tweaks to how they create and send email, widening the doors to those often left behind.

The first step lies in marketing email design. When laying out text and visual assets in your newsletter editor, ensure a logical reading flow free from traps like complicated tables or tight text wrapping around images. Proper color contrast between background and text prevents visual strain. For embedded images, always include descriptive alt text conveying purpose and context to screen readers for the visually impaired.

Speaking of visual assets, some cognitive disabilities like ADHD thrive on graphic elements over dense paragraphs. Infuse your emails with simple but clear charts, icons and diagrams demonstrating complex money concepts. Convert heavy passages into easy-to-grasp bullet points. These measures don’t dilute expert advice, but instead unlock comprehension barriers to those wired differently.

And should attached PDF guides form part of your lead generation magnet or client communications, optimize these assets for assistive technologies used by the disabled. Video-narrating PDFs and using a logical heading structure ease navigation and content consumption.

It’s also worth noting that certain groups like those with anxiety may hesitate to reach out for assistance by phone or in-person. Provide email or contact form options as an alternative channel to get advice or ask questions. Respond in a timely, thoughtful and judgement-free manner.

Email Design Best Practices

In an era where inboxes overflow with promotions screaming for attention, a financial advisor’s messages must instantly signal relevance and value to stand out. This poses an escalating dilemma – how to make regular communications motivate and educate amid information overload? How do you blend facts with inspiration when attention spans shrink?

Use marketing email templates for consistent branding

You see, every marketing email that exits your inbox becomes a prominent ambassador for your personal brand. From the email editor’s canvas to the subscriber’s inbox, it either elevates you as an authoritative voice or diminishes your gravitas through sloppy execution.

Even the best financial advisors I’ve had the pleasure working with often struggle striking the right tone – casual yet professional, friendly yet competent. Marketing email design provides clarity here, ensuring consistent branding that promptly conveys subject matter expertise regardless of eventual readership.

That said, coding HTML email templates from scratch both demands technical finesse and steals time better spent guiding client portfolios. Instead, I leverage the readymade email templates within my email marketing platform.

For instance, Constant Contact and MailChimp offer galleries of professionally designed email templates covering standard email marketing campaigns like welcome emails, newsletters and promotions. Filter by industry to locate financial advisor-specific email templates instantly recognizable to your target audience.

Incorporate brand elements like color schemes, logos and stylistic fonts that match your website and other marketing collateral. Add or remove content blocks, tweak layouts, embed images that reinforce expertise. Just don’t over do it!

These email marketing platforms also provide hundreds of premium email templates at reasonable one-time fees, granting unique design flexibility. Should competitors ever emulate your communications aesthetic via freebie email templates, premium assets keep you a step ahead.

Most importantly, test, preview and proofread exhaustively before sending email campaigns. Verify perfect rendering across email clients and mobile devices, fine-tuning anything misaligned or broken till polished perfection.

Ensure mobile responsiveness in your marketing email designs

Shifting gears from art direction finesse, let’s tackle a non-negotiable for modern email success – flawless rendering across mobile devices.

Think about it – emails opened on mobile devices now account for way over 40% (according to EmailMonday). Yet jerkily pinched layouts, impossible tap targets and text too miniature to read still plague many marketing emails.

Such poor mobile user experience tanks engagement and annihilates credibility, especially among digitally savvy Millennial and Gen Z audiences. They expect seamless mobile money management, not clumsy desktop ports posing accessibility barriers.

Thankfully, modern email marketing platforms now build responsiveness into email templates right out the box. Previews adapt on the fly to demonstrate how messages reformat for smartphone dimensions. Content realigns elegantly as display sizes shift. Custom coding overrides fine-tune alignment or troubleshoot quirks.

Keep these mobile-first principles in mind when designing your marketing emails:

  • Single column layouts prevent overflow text mishaps
  • Large tap targets for easy finger taps
  • Minimum font size of 14px for legibility
  • Concise paragraphs for on-the-go reading
  • Clear calls-to-action highlighted visually

And when embedding vital images, ensure cropping and resizing don’t cut out key details on smaller screens. Table-based layouts also tend to break mobile responsiveness, so stay clear of complicated non-linear arrangements with terms and charts. Stick to the fundamentals.

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Automating Email Marketing Campaigns

Juggling fully manual one-to-one client communications while managing portfolios, regulations and reporting leaves little bandwidth to nurture relationships at scale amid fierce competition. Fortunately, specialized email marketing tools purpose built to facilitate intimacy at scale through automated interactions are leveling the playing field.

Benefits of email marketing automation

I personally find it very challenging to consistently stay top of mind of my existing and prospective clients. For me the answer is email marketing automation.

I’ve worked with many different email marketing automation tools. I’ve seen how impactful marketing automation can be. Email marketing automation tools essentially works quietly in the background to handle repetitive tasks, allowing you to focus on higher-value activities.

Specifically, automating email campaigns provides three key advantages:

  • Improved Engagement Rates: Email marketing automation enables you to segment your email list and tailor content accordingly. Sending targeted content avoids bombarding clients and prospects with irrelevant information. This personalized approach boosts engagement rates significantly. I’ve seen marketing emails engagement increase over 100%, and in many instances increase over 200%, after implementing segmented email marketing campaigns.
  • Enhanced Credibility: Automatically delivering valuable content showcases your expertise. For example, sending timely investment insights or personal finance tips leveraging automation demonstrates you are closely attuned to latest financial news. This strengthens client trust and credibility.
  • Increased Efficiency: Automating repetitive tasks like sending weekly email newsletters, onboarding new subscribers, and tracking campaign analytics frees up precious time. You can reallocate hours spent on manual emails to focus on advisory services and acquiring new leads.

Integrating email marketing automation elevates your marketing efforts considerably. The ability to provide personalized content at scale and nurture client relationships 24/7 generates tremendous advantages.

Types of automated email marketing campaigns (welcome series, nurture sequences, re-engagement, etc.)

One of the biggest advantages of automating email marketing campaigns is the ability to execute a variety of highly targeted sequences tailored to audience engagement or lifecycle stage. Here are three primary email campaign types I recommend financial advisors focus on:

1. Welcome email sequences.

Welcome email sequences help onboard new subscribers and start relationships right. For example, when a prospect signs up for my newsletter, they instantly receive an automated welcome email introducing my services and what insights they can expect to receive.

The second email continues nurturing the relationship by providing a valuable useful tip personalized to the recipient based on demographic data they provided upon signup. These welcome sequencing emails see exceptionally high engagement in my experience, with open rates commonly above 50%. They are incredibly useful for financial advisors to make strong first impressions.

2. Nurture email campaigns.

Nurture campaigns involve sending relevant email content over an extended period based on client interests and behaviors. They provide immense value for financial advisors in educating new subscribers and addressing questions over time to cultivate and build relationships effectively.

For example, lead nurturing sequences can automatically push content related to retirement planning to prospects nearing retirement age. This can help you position yourself as a retirement authority. The automated nature of these campaigns enables nurturing of current clients and existing customers at scale over months or years.

3. Re-engagement drip campaigns.

It is easy for clients to become disengaged over time and lose interest due to personal priorities or changes in life circumstances. This is where leveraging automatically triggered re-engagement email campaigns can reignite relationships with those you have lost touch with.

Such drip campaigns involve sending periodic check-in emails or exclusive offers to incentivize inactive subscribers. The key benefit here is automatically bringing wandering clients back into the fold with relevant, timely communication. It prevents losing them due to manual email marketing efforts falling through the cracks.

INSIGHTS FROM THE EXPERTS
Reh Bhanji (Certified Financial Planner, Chartered Life Underwriter)
Reh Bhanji (CFP, CLU)

National Best Practice Leader at Desjardins

Analyzing Performance Metrics of Marketing Emails

“You can’t manage what you don’t measure.” Financial advising consolidates long-term gains through building relationships and trust. Marketing emails nurture both effectively if impact measurability guides strategic refinements. Beyond skimming superficial open rates, how precisely should financial advisors parse inbox analytics to quantifiably tie subscriber messaging to business growth?

Open rates, click-through rates, conversion rates, and unsubscribe rates

I cannot emphasize enough that marketing emails without performance tracking are like driving blindfolded. You may reach your destination but likely not efficiently. This is why financial advisors must continually analyze marketing email performance metrics to optimize effectiveness.

These are the email marketing metrics I monitor:

1. Email open rates.

This metric indicates how compelling your subject lines and content previews are. Low open rates under 10% mean your emails likely land in spam folders. For advisors, aim for open rates above 30%. Trend analysis will allow rate comparison to financial industry benchmarks.

2. Email Click-Through Rates (CTR).

CTRs show email content quality by revealing how motivated recipients are to click included links for more information. Click-through rates below 1% typically mean content misses the mark. On the other hand, very high CTRs can suggest clickbait instead of valuable content. Financial advisors should target CTRs above 5% for optimal engagement.

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3. Conversion rates.

Calculating what percentage of opens lead to tangible conversions like downloads or meetings booked reflects how compelling calls-to-action are. Most financial advisors see single digit conversion rates from email alone. Multichannel nurturing works best, with 5-15% conversion rates being reasonable goals.

4. Unsubscribe rates.

High unsubscribe rates exceeding 5% indicate advisor irrelevance or contact fatigue from overly frequent email marketing. Nurtured subscribers should not abandon ship. Continually reducing the unsubscribe rates below 2% equals long term viability.

Getting lost in vanity metrics is dangerous though. Setting measurable key performance indicators and tracking trends over time is how you can methodically enhance email marketing campaign effectiveness.

Benchmarking against financial industry averages

I always emphasize the importance of accurate self-assessment to financial advisors. The question is not how you think you are performing, but whether you match up against your peers. This is why regularly benchmarking against financial industry averages is critical.

According to Constant Contact, financial advisor email performance trails other industries slightly with average open rates of 27.76% and click through rates of 1.01%.

However, these industry averages alone have limited value unless compared properly against campaign performance for advisors with similar AUM, client demographics, and services offered.

My recommendation is creating a simple benchmarking dashboard to easily visualize performance metrics over time for your email campaigns vs financial services industry averages.

Regularly updating and consulting this benchmarking dashboard can help you catch performance fluctuations quickly and implement corrections to continuously exceed benchmarks. No guessing or approximations required.

Optimizing email marketing strategies using performance metrics

The hallmark of excellence in email marketing lies in continually refining campaign elements based on data-driven insights. I like to emphasize pragmatic optimization guided by performance metrics.

The most cost effective way to boost email marketing efforts is methodically testing and analyzing results over rolling 90-day periods. This helps smooth out normal fluctuations.

Four key areas financial advisors must focus optimization efforts on include:

1. Email subject lines.

There is substantial research proving email subject line wording and structure impacts open rates significantly. I advise A/B testing 3-5 variant lines per email marketing campaign incorporating power words like “Announcing”, “Warning” or “Introducing”, as well as personalization and urgency triggers. The variants generating 10-15% higher normalized open rates should be adopted.

2. Content formats.

Every audience has content preferences. Tracking open rates, click rates, and content engagement for blog posts versus special reports, infographics or even video PDFs enables better format selection. Testing content types over multiple emails determines what resonates best. Common optimization opportunities include matching format to client demographics more intentionally.

3. Call-to-Action wording.

The way a call-to-action is phrased dramatically influences response. Strong results come from understanding client motivations and framing appropriately. For example, “Get Portfolio Check Up” outperforms “Schedule Consulting Session” for audiences seeking security.

4. Send days and times.

Finding optimal delivery windows ensures your marketing emails are opened during natural client availability rather than buried unread. While opens by day or hour vary across advisors, identifying when your clients best engage through repeated testing is invaluable.

RELATED POST

Discover why email opens aren’t the best metric for measuring prospect engagement and learn better alternatives for tracking success.

Email Marketing Campaign Optimization via A/B Testing

For the uninitiated, A/B testing involves sending two versions of an email, each with a single differentiating variable, to a random subset of your subscriber list. The version with higher click rates or conversion rates becomes the definitive variant for full deployment.

The A/B testing framework lets you experiment extensively, gauging audience reactions to subject lines, content formats, call-to-action language, visual styles and more. Each test gleans actionable data, incrementally dialing your email marketing campaign closer towards peak performance.

For example, you can test email length by sending one version summarizing key insights in bullet points, while another dives deeper into explanation paragraphs. Do the same for text-focused emails vs those graphics-heavy, or ceremonious content vs casual tone.

Email marketing tools like Mailchimp allow easy A/B test creation, handling random segmentation automatically and serving up detailed analytics on the winning variant. And the beauty lies in stacking A/B tests, with each winner facing off against new challengers until you hit optimal performance.

Of course, avoid changing too many variables at once when A/B testing. This muddles learning as you can’t isolate specific causes should one variant gain advantage. Also, don’t just test randomly without goal alignment guiding experiments. Focus efforts on boosting business outcomes vs vanity metrics like open rates in isolation.

Soliciting subscriber feedback for better marketing emails

Beyond self-contained A/B testing, another valuable email optimization technique involves direct audience engagement – soliciting subscriber feedback on your email marketing campaigns.

While inbox analytics provide quantitative data on open, click and conversion rates, qualitative insights reveal deeper context behind subscriber preferences. Positive or negative sentiments, suggestions on improvements, missing gaps in content – feedback provides a broader lens for refinement.

So what’s the easiest method? Send occasional surveys specifically asking how you can tailor messages better to their needs. Which formats or topics resonate most or fall flat? How frequently is too little or too overwhelming? What aspects of financial advice remain unclear? Consider sharing anonymous excerpts in response to showcase you’re listening, strengthening rapport even if unable to implement every proposal.

Outside surveys, end certain emails asking for ratings on helpfulness or requests for recommendations on bolstering future content. This lightly peppers ongoing opportunities for input rather than demanding response all at once. Follow input with recipient-specific updates implementing their ideas where feasible – visible personalization further cements loyalty and satisfaction.

Listening through crowd-sourced insights counterbalances analytics-based tweaks. Let your audience collectively guide you, merging their wisdom with your own. Two heads thinking collaboratively will always outsmart one in isolation.

Staying ahead through regular best practice reviews

In the fast-paced world of email marketing, what works wonderfully today may falter tomorrow as technologies, algorithms and subscriber expectations rapidly evolve. This mandates regularly reviewing changing best practices to stay ahead.

I advise financial advisors to schedule quarterly optimization sprints analyzing the latest email success benchmarks. Study how financial thought-leaders creatively engage audiences through new interactive content formats, two-way messaging integrations and experiential delivery.

Equally important, monitor compliance and privacy considerations more stringently than before. With regulations like GDPR shaping stricter permission norms and anti-spam tightening, ethical adherence wins long-term subscriber trust over risky corner-cutting. Revisit consent flows, transparency policies and opt-out mechanisms ensuring respect for reader relationships.

Ultimately, regular research and upgrade cycles help advisors balance relevance today with readiness for tomorrow. Carving an hour bi-monthly connects tactical improvement with sustaining larger social good. Allocate resources to match, whether personally upskilling or designating team delegates to spearhead this initiative.

Custom branding
Showcase your brand.
Video narrations
Easily video-narrate PDF presentations or key documents when needed (otherwise video is optional). Redo slide if you made a mistake. Use built-in teleprompter to record longer videos.

Data rooms
Attach any supporting files and links. Make it easy for your prospects and clients to find the right information quickly.

Company profiles
Create company profiles with custom banners and info-packages tailored to different industries.
Contact details
Show your contact info easily accessible by your prospects and clients.
Custom CTAs
Add custom CTAs to drive prospects or clients to your calendar, sign up form, etc.
Engagement analytics
See how prospects and clients interact with your PDFs.

Feedback and Reactions
Collect feedback from prospects and clients. Feedback and reactions are not publicly visible.
Share PDFs
Share any existing PDF presentations and documents.
Live links
Share with a single link. Update files even after sharing your link. Get notified when your PDF is viewed. Turn off access anytime.

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Strategies for Improving Open Rates, Click-Through Rates, Conversion Rates, and Content Engagement

Over the years doing email marketing as a financial advisor, I have distilled email marketing optimization down to a science. When financial advisors ask me how to meaningfully improve open rates, click through rates, conversions and engagement, I always emphasize four proven strategies that work for me:

1. Personalize experiences.

Email marketing success hinges on relevant 1:1 connections. Segment email lists demographically to align content with individual subscriber priorities. Personalized subject lines and life event triggers build relationships. If a client gets married or has a child, an automated relevant email deepens trust and recall.

2. Prioritize mobile responsiveness.

With growing mobile device usage, ensuring emails adapt seamlessly is non-negotiable. Subpar mobile experiences frustrate users. Confirm designs reformat appropriately on phones and tablets. Fussy text formatting and images impact deliverability. Evaluate on multiple devices and optimize.

3. Experiment with interactive content.

Static text and images quickly lose appeal even when well-crafted. Inserting interactive elements like clickable image galleries, video PDFs, quizzes and calculators within emails boosts engagement. The visual variety and ability to actively participate keeps audiences attentive while educating.

4. Give sneak peeks.

Providing content samples or “sneak peeks” is a proven tactic for elevating open rates and click rates. Share an intro excerpt of a report or highlights from an upcoming webinar. This taste of exclusivity compels readers onward to access the full content. Rotate these teaser samples between blog posts, videos, etc.

Using Storytelling to Increase Engagement

I am often asked how financial advisors can make regular email newsletters stand out. My answer always centers around strategic storytelling.

Stories have transported ideas across millennia. They speak to our innate human need for meaning making and building connections. Leveraging this in email marketing campaigns generates tremendous engagement when executed thoughtfully.

The key is structuring narratives that subtly weave in financial concepts, showcase expertise and make advisory relationships more memorable. For example, a financial advisor can describe a hard working couple worried about funding kids’ college. The story covers their sacrifice and saver’s discipline before segueing smoothly into a new savings plan able to help families nationwide similarly.

This seamless blend of the personal and practical makes readers more receptive to implied calls-to-action than overt sales pitches. Going further, stories humanizing how the financial advisor personally understands client financial priorities based on real world experience evokes a genuine relationship.

Applying storytelling in email and content marketing is an advanced technique requiring creativity. Start by identifying client pain points or scenarios where financial advice solved real problems. Build skeletal narratives around these incorporating key lessons learned. Refine these drafts with vivid details that inspire. Well executed stories captivate audiences unlike factual analysis alone.

Integrating Email Marketing with Other Digital Marketing Efforts

A strategic mistake I frequently see financial advisors make is treating digital marketing channels like distinct silos. Email, websites, social platforms each have singular strengths but fall short individually long-term when not coordinated properly. This is why taking an integrated approach to digital is essential.

My #1 priority is mapping the client journey to identify intersection points between digital marketing channels. Where can email marketing support or enhance other outbound and inbound efforts?

Integrations financial advisors must prioritize include:

1. Driving traffic to website content.

For financial advisors, a website is the digital hub showcasing capabilities and content. Yet, many struggle driving recurring visitors. Embedding fresh and evergreen website content links within email newsletters, promotions or alerts ensures more eyeballs. Dedicate 20-30% of email real estate to website integration.

2. Social amplification of popular content.

Email marketing is not the only game in town. Social platforms wield immense reach too albeit differently. Using email to highlight and provide links to well-performing social content gives increased distribution and shelf life. For example, an educational LinkedIn article sent via email extends readership for minimal added effort.

3. Promoting lead capture offers.

The lifeblood of financial advisory firms is high-quality leads. Yet, most financial advisor websites have minimal lead generation focus. Using email call-to-actions to direct subscribers to lead capture forms, gated content offers and other conversion-focused pages increases sales pipeline momentum.

Bottom line – leveraging email as connective tissue amplifies and unifies digital activities greatly.

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Choosing an Email Marketing Platform

Selecting the right email service provider is foundational to executing a successful advisor marketing strategy. I’ve tested my share of email marketing platforms. I’ve learned the hard way that you get what you pay for. While free or dirt cheap options seem tempting, they often lack the functionality and support you need as your email list grows.

So what do I recommend? Invest in a paid email marketing platform that empowers your team with segmentation, automation and analytics right from the start. I suggest options like MailChimp, Constant Contact or HubSpot that make it easy to create targeted, professional emails without technical expertise. Their templates ensure brand consistency across campaigns.

Equally important is choosing a provider that aligns with your values. One that won’t restrict your creativity or autonomy. You want a partner invested in your success, not just making a quick buck.

Thoroughly research options. Seek peer recommendations. And consider needs beyond email like CRM, landing pages, and analytics. The right provider streamlines execution so you can focus on strategy and, most importantly, serving your clients. So be selective in choosing the email marketing platform that will help you nurture connections in an authentic way. Your clients will appreciate the human touch.

Email Marketing Tips for Financial Advisors

Let me share tactical email marketing tips that have worked for me and have shown consistent results across the board when applied with customization.

First, perfect permission passively. Every email sent must honor opt-in consent, no exceptions. Capture this cleanly right off the bat, whether via website subscriptions or lead gen offerings. Confirm double opt-in to guarantee intentional sign-offs. No fudging to hit client quotas – building trust starts here.

Next, the structure for skimming. According to a study done by Microsoft, people’s attention spans average 8 seconds these days. Chunk content in scannable sections with descriptive headers and pulls quote callouts. Tight edit paragraphs around 125 words, max. Prioritize actionable facts over florid rhetorical flair.

Now, visualize for visceral response. Where possible, manifest abstract advice through persuasive visuals. Clever metaphors, inspiring journey maps, or infographics substantiating market shifts better cement concepts. And please, enough brain-numbing stock imagery – showcase authentic practice personality instead.

Speaking of advice, educate first, advertise second. Over 75% of financial email real estate should enlighten readers on money mastery. Share wise principles for wealth creation, retirement readiness or estate conservation. Earn attention through perpetual value to wallet and life, instead of intermittent portfolio plugs.

And when the sell opportunity arises? Soften with story and care. Demonstrate how you’ve helped similar clients overcome specific hurdles earlier. Sprinkle tactical tips as friends, not salespersons. Radiate service to individual wellbeing, not robotic corporate directive. People connect with people, not institutions.

Of course, continual testing propels perpetual perfection. A/B trial subject lines, content formats and calls to action. Match email types to lifecycle stage for focused relevance. Let data guide but also listen to direct feedback. Then pour learnings into further refinement – the advisor way never settles.

Finally, give mobile priority placement. Ensure layouts organically resize across devices, with elements thoughtfully rearranging as real estate shrinks. Review on phones before scheduled sends, tweaking anything formatting awkwardly.

Avoiding Common Email Marketing Mistakes

Let me walk you through the worst pitfalls which plague financial advisors seeking inbox opportunities.

Perhaps the biggest crime lies in ignoring mobile’s mounting monopoly. Did you know that over 40% of emails now unfurl on smartphones first (EmailMonday)? Yet miserably pinched text, unreadable clutter and obstinate tap avoidance still curse many financial mailers. Don’t join this careless cohort lest Gen Y/Z audiences banish you for digitally-ignorant communications. Instagram proportions and thumb reachability are non-negotiable.

Speaking of generations, one glaring goof plagues “set it and forget it” email builders – outdated imagery reflecting senior stereotypes. Lazy reliance on retirement community tropes fails connecting with Millennials anxious to start investing in their 30’s. Always customize visuals resonating with each subscriber segment uniquely.

From photography to copy, insincere hype repels more than it attracts. Bombastic claims of “unprecedented returns” or “#1 funds 5 years running” without evidence erode advisor integrity, especially when market fluctuations inevitably swing. Temper promises focusing instead on historically balanced guidance credentialed by respected financial media. Transparency builds trust – essential when managing money.

While cautious optimism prevents overstating potential, don’t mask risks altogether by oversimplifying complex instruments. Failure to highlight tax burdens, withdrawal penalties and asset liquidity limitations sometimes hidden in arcane fine print seeds distrust once uncovered. Ensure readers understand commitments completely beforehand through meticulous but no-nonsense explanations.

Reviewing email performance analytics seems alluring but don’t fixate on vanity metrics like 75% open rates as definitive triumphs. Beyond sheer click quantity monitor meaningful metrics that map back to revenue. Ongoing unsubscribes should raise concern. Site visits not culminating in scheduled consults indicate onboarding breakdowns. Let bottom-line outcomes guide design beyond inbox aesthetic allure alone.

Sustain exemplary email performance through avoiding common crutches like mobility denial, stereotypes, hype, convoluted offers and surface-level analytics. Place principles of conscientious guidance at the helm – the advice your own family would merit. When email communications embody this standard, loyal subscriber retention and consistent revenue momentum will organically follow.

Custom branding
Showcase your brand.
Video narrations
Easily video-narrate PDF presentations or key documents when needed (otherwise video is optional). Redo slide if you made a mistake. Use built-in teleprompter to record longer videos.

Data rooms
Attach any supporting files and links. Make it easy for your prospects and clients to find the right information quickly.

Company profiles
Create company profiles with custom banners and info-packages tailored to different industries.
Contact details
Show your contact info easily accessible by your prospects and clients.
Custom CTAs
Add custom CTAs to drive prospects or clients to your calendar, sign up form, etc.
Engagement analytics
See how prospects and clients interact with your PDFs.

Feedback and Reactions
Collect feedback from prospects and clients. Feedback and reactions are not publicly visible.
Share PDFs
Share any existing PDF presentations and documents.
Live links
Share with a single link. Update files even after sharing your link. Get notified when your PDF is viewed. Turn off access anytime.

DeckLinks icon

Simplify Complex Topics with Video PDFs

Boost client engagement with personalized video explanations of key financial documents. Access engagement analytics. Learn more.

Conclusion

I’ve covered extensive ground mapping the tactical and strategic terrain across email marketing for financial advisors – from list building bedrocks to continual optimization pathways. Let’s recap key lessons into an integrated whole.

First and foremost, subscriber relationships rule all. Meticulously capture double opt-in consent granting inbox access. Establish value quickly through tailored education matching audience aspirations. Maintain trust through transparency on permissions and data policies. Ultimately every send should enrich financial capability for entire families – this mindset cements durable loyalty.

With care-centered foundations set, craft communications for easy comprehension. Edit ruthlessly, prioritizing mobile friendliness, easy scannability and coherent flow between graphic assets. Follow inspiration from insurance policy fine print to investment banking’s visually engaging emails – legibility enables absorption.

Regardless of the message or segment addressed, unify marketing emails through visual coherence. Maintain brand alignment adapting pre-made templates complementing your website and other collateral. Crisply balance space, length and visual elements keeping engagement high whether on desktop or mobile. Manipulate these variables through relentless testing benchmarking versus industry averages and previous campaign performance.

And for those financial advisors still unconvinced on email marketing effectiveness, compare potential ROI to other paid channels – $36 revenue for every $1 invested on average, with thoughtful execution. Contrast that against radio, print or event costs realizing email’s unmatched efficiency for personalized nurturing at scale. Effort invested in email marketing pays compounded dividends over decades long client lifetimes.

FAQs

Why is email marketing important for financial advisors?

Email marketing is crucial for financial advisors as it offers a direct, cost-effective way to communicate valuable content, including financial planning tips and the latest financial news, to current clients and prospective clients. It helps in building trust, establishing authority and keeping advisors top of mind.

Effective email marketing strategies for financial advisors include building a quality email list with opt-in incentives, crafting captivating subject lines and sending valuable content. Segmenting the email lists and monitoring email performance helps refine these strategies for better engagement and conversion rates.

Financial advisors can ensure their email marketing is compliant with regulations by understanding and adhering to laws such as the CAN-SPAM Act. This includes including a valid postal address in all emails, making it easy for recipients to unsubscribe, and not using deceptive subject lines.

Financial advisors can increase email open rates by crafting compelling email subject lines, personalizing email content and segmenting email lists. Timing emails to match when clients are most likely to read them and consistently providing valuable insights on financial planning can also lead to higher open rates.

Financial advisors can use email marketing to nurture relationships with existing customers by regularly sending relevant content. This includes market updates, financial planning tips and insights. By staying in regular contact, financial advisors can build trust, demonstrate their expertise and keep clients engaged.

Disclaimer: The provided information is offered solely for informational purposes and should be interpreted as such. The presenters do not serve the role of providing legal, taxation, or any other professional advice. It is strongly advised that individuals refrain from taking any actions based on the examples or information presented without first conducting a comprehensive assessment of their legal and tax situation with the assistance of qualified professionals.

Anthony Gordon
Anthony Gordon

About the Author

Anthony Gordon, CFP, CLU, CEA, CEPA, is co-founder and CEO of FiduSure Financial Inc., a boutique financial services firm, since 2019. He was named a 5-Star Advisor by Wealth Professional in 2022 for Ontario and Eastern Canada. He specializes in financial, tax, and estate planning strategies tailored to clients’ values, goals, and choices. Anthony holds a law degree, a master’s in taxation law, and multiple advisor designations including Certified Financial Planner, Chartered Life Underwriter, Certified Executor Advisor, and Certified Exit Planning Advisor. He is the author of the Amazon bestseller “The Art of Retirement: The Canadian Guide to Retirement and Beyond”, and a published expert on tax minimization for property owners.

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