Are financial services worth investing in?

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Author:

Michael Wicker

published

July 9, 2024

financial services leads
Where do successful financial advisors chiropractor email address find potential clients in the financial services industry?

Wealth is everywhere, especially lately.

According to the 2024 US Wealth Report, between 2013 and 2023, 5.5 million paid users became millionaires, representing a growth rate of about 62%.

That means there are nearly 24.5 million million paying millionaires living in the U.S. And to manage their wealth, you'll need a lot of financial advisors.

Oddly enough, the U.S. Bureau of Labor Statistics listed 218,050 Americans as their occupation as "personal financial advisor."

Using simple averaging, we can conclude that each financial advisor can have more than 100 clients if he behaves well.

If you have a growing financial services company, you want to learn all about financial services leads and how to convert them.

In this article, we will discuss actionable and proven lead generation strategies that will allow you to attract, nurture, and convert financial services leads for your business.

Let's dive into it.

Referrals or lead generation services?
Many financial advisors seem to have difficulty getting enough leads to network with each month.

Despite the abundance of wealthy Americans, getting even one to sit in the front row and listen to a sales pitch remains a challenge.

Eventually, many realize that good old analog networks are the best way to get leads.

Referrals from clients, friends and family are still the best way to obtain important contact information.

While recommendations are reliable up to a point, they are certainly not stable.

What happens when the circle closes?

Getting a monthly quota of new referrals will eventually (perhaps even quickly) dry up even for the most extensive personal networks.

Now consultants are faced with what they see as the next best thing: getting leads the easy way.

Getting exclusive leads from a financial advisor from a digital agency can quickly fill those client information sheets.

That is, if you don't mind paying for a service that can eat into your profits significantly. Again, that's assuming some of the leads work.