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ACM Ahlers Training Agenda: Positioning for business Psychology of Influence Re-visit the “Sales Process” Using a Meeting Agenda Maybe: Best Practice Process Peak Performance cycle Sales ideas

Financial Adviser basics

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A fairly basic presentation to review and re-visit some key concepts for financial advisers wanting to improve personal performance

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Page 1: Financial Adviser basics

ACM AhlersTraining

Agenda:

Positioning for business

Psychology of Influence

Re-visit the “Sales Process”

Using a Meeting Agenda

Maybe:Best Practice ProcessPeak Performance cycleSales ideas

Page 2: Financial Adviser basics

When pitching your story, or USP

Awareness

Interest

Desire

Action

Page 3: Financial Adviser basics

Principles of Influence (Dr. Robert Cialdini)

Sample view at: http://youtu.be/oqopCq9meeY

Reciprocity (creating obligation)Scarcity (diminishing/scarce more appealing)Authority (Expert – Credible & Trustworthy)

Commitment (little commitments encourage larger ones)Liking (people more likely to do what those they like do)Consensus (people more likely to do what majority do)

Page 4: Financial Adviser basics

Examples:

ReciprocitySending timely/useful information & tools.Introducing useful contacts/businessesHelping claims, emergencies for non-clients

Thank you’s:“that’s okay, I know you would have done the same for me....”

Page 5: Financial Adviser basics

Examples:

ScarcityLimited spots at seminars or functionsExclusive offers or arrangements Products/reports/services with limited

distribution

Must be genuine!

Page 6: Financial Adviser basics

Examples:

AuthorityExpert advice is followed– Credibility – how many listen to you; top of your

game professionally; industry profile/awards; CV– Trustworthiness – do what you say; image;

what others say; strengths & weaknesses demonstrated

“you might find this article I wrote in..... very helpful....”

Page 7: Financial Adviser basics

Examples:

CommitmentKiwisaver client converts to risk clientDebt management plan leads to financial planSeminar attendance leads to reviewOne well-conducted referral leads to more

from same source Presenting quotes: Talk about weaknesses/downside of solution first, then strengths of it

Page 8: Financial Adviser basics

Examples:

LikingSocial media heaven! (Facebook likes,

Twitter/Blog followers, LinkedIn contacts, etc)

Public testimonials & referencesEndorsements (genuine, not celebrity)

Page 9: Financial Adviser basics

Examples:

ConsensusStatistics & facts (e.g. 35% Kiwi’s have

joined Kiwisaver)X% of our clients choose this solution

because...Case studies; public data; industry

numbers“...for example, here is what X% choose and why...”

Page 10: Financial Adviser basics

The Traditional Sales Funnel

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The Ideal....scheduled workflow that doesn’t miss a beat.

Page 15: Financial Adviser basics

Transferring Risk needs 2 committed parties

Page 16: Financial Adviser basics

Choose how you package your salary

Page 17: Financial Adviser basics

Getting paid by getting valued

Consider a client engagement as a project with 3 distinct components:

1. Planning

2. Implementation

1. Monitoring & Servicing

Page 18: Financial Adviser basics

How we work…

PLAN

Page 19: Financial Adviser basics

PLAN IMPLEMENTATION

How we work…

Page 20: Financial Adviser basics

PLAN IMPLEMENTATION MONITORING

How we work…

Page 21: Financial Adviser basics

PLAN IMPLEMENTATION MONITORING

$(Fee)

How we work…

Page 22: Financial Adviser basics

PLAN IMPLEMENTATION MONITORING

$(Fee)

The Client

can stop here

How we work…

Page 23: Financial Adviser basics

PLAN IMPLEMENTATION MONITORING

$(Fee)

$Commission and/or

Fee Agreement

The Client

can stop here

How we work…

Page 24: Financial Adviser basics

PLAN IMPLEMENTATION MONITORING

$(Fee)

The Client

can stop here

The Client

can stop here

How we work…

$Commission and/or

Fee Agreement

Page 25: Financial Adviser basics

PLAN IMPLEMENTATION MONITORING

$(Fee)

$Renewal

Commission +/- ?

The Client

can stop here

The Client

can stop here

$Commission and/or

Fee Agreement

The Project with client choices