Millennials, those born in the 1980s and 1990s, are a key demographic for wealth managers because of the generation’s size. But they also present a challenge for advisers. Millennials are leery of investing after experiencing the Great Recession and are more focused on reducing debt and increasing savings than their parents. Courting this generation was the topic of “What do Millennial investors want from their financial services firms?” panel moderated by Steven M.[…] Continue Reading »
Wells Fargo recently unveiled a “command center” aimed at monitoring and responding to mentions and trends on various social media platforms. Renee Brown, SVP and Director of Social Media, spearheaded the initiative and recently chatted with SmartBrief to share some of the details. What follows is an edited version of that conversation.
More and more financial advisors are adopting social media to help build their business. SmartBrief recently chatted with Melissa Socci, senior vice president of brand and analytics for LPL Financial, to get her insight on best practices for advisors as they delve into social media. The following is an edited transcript of that conversation.
LPL was a relatively early adopter of social media within the finance space.[…] Continue Reading »
There are financial advisers who use social media and there are financial advisers who use social media well.
The experts assembled at the SIFMA Social Media Seminar in San Francisco on Thursday agreed that social media represents a huge opportunity for financial advisers, but it is an opportunity that must be managed carefully.
Representatives from LinkedIn, Facebook and Twitter as well as individual advisers and executives who steer social media strategy at major firms like Wells Fargo and LPL Financial came together to discuss the state of social media in financial services and how advisers can use it to boost their business.[…] Continue Reading »
A recent InvestmentNews survey found Smarsh to be the leading provider of social media compliance software for financial advisers. SmartBrief recently caught up with Smarsh Founder and CEO Stephen Marsh and discussed the landscape for social media in the financial services sector. The following is an edited transcript of that interview.
What feedback do you hear from advisers and broker-dealers regarding their use of social media?[…] Continue Reading »