How to Tap Into the Next Generation as a Financial Advisor

Next generation of clients for financial advisors

Want to tap into the next generation of clients? As a financial advisor, adapting and evolving is critical to stay current and to future-proof your business. With millennials and Generation Z becoming a dominant force in the market, it’s essential for advisors to cater to their preferences and needs. As we look to the future, here are some key strategies for tapping into the next generation of clients. 

Embrace Technological Advancements

It’s no secret that younger generations are proficient with technology. Having grown up in the digital era, they effortlessly navigate online platforms and mobile apps. To forge a connection with these tech-savvy individuals, financial advisors must also harness technological advancements.


One way to use technology to your advantage is through the use of social media and apps to reach the next generation. Establish a presence on platforms such as TikTok, Instagram and LinkedIn to build credibility and expand your reach. Sharing content on these platforms will allow you to personify your expertise, fostering trust, credibility, and authenticity.


You’ll also want to offer tech-based solutions with user-friendly interfaces. An easy-to-use client portal may be a value add for older generations, but younger generations consider it a given. 

Social Media Communication next generation

Communicate with them in Their Way

When it comes to technology, the one thing that it has completely transformed is the way people communicate with each other. Make sure to ask clients about their preferred means of communication – and be open minded to it. Afterall, it’s in your best interest to communicate with the younger generation on platforms that they are constantly checking, like Whatsapp. Younger generations are often more comfortable with digital forms of communication and may prefer this to in-person meetings to foster relationship buiding. When possible, consider sending quick check-ins and updates through text or Whatsapp messages, over long-form email communication. Being flexible with your communication can help better serve younger clients. 


Whichever form of digital communication you choose, make sure that you have the proper technology to proactively archive your client communication for compliance purposes. Presults is provides financial advisors with automated archiving across text messaging, Whatsapp, LinkedIn private messages and more to make it seamless to communicate with the next generation of advisors. 

Focus on Financial Education and Transparency

The next generation has grown up with endless resources and amounts of information at their fingertips and often approaches authority with more skepticism. Capitalize on their inclination for research by offering educational content spanning spending plans, debt management, investing, home ownership, and more. Consistently share insights and practical advice to aid their financial journey.


Transparency with any client is important, but with younger clients, you’ll want to be extra clear about your fee structure and the services you provide. Younger clients are more likely to engage and stay with advisors if they demonstrate transparency in their practices. 

Socially responsible investing

Cater to Sustainable Investing and Social Responsibility

Sustainable investing resonates deeply with Millennials and Gen Z. They seek investment opportunities that align with their values and are more inclined to work with advisors who prioritize sustainable investing. About one-third of millennials often or exclusively use investments that take ESG factors into account.


To target this demographic, integrate environmental, social, and governance (ESG) factors into your investment strategies. Beyond offering these investment opportunities, highlight the positive impact these investments have on society and the environment. Showcase your commitment to impact investing to attract clients who align with these values.

Teach the Importance of Debt Management

The next generation, even those with higher incomes, face the challenge of managing debt. With student loans, auto loans, credit cards, and mortgages, the average millennial now has six figures worth of debt. There is no denying that a proper debt management strategy is a vital part of their financial journey. 


Due to debt and their age, younger clients may have reduced net worth, but this doesn’t mean they’re not a good long-term client. A young doctor may have substantial student loans, but initiating a relationship with them now can result in a strong relationship with a high-net-worth client down the road. As a result, they may refer additional clients from their network to you too.

The Takeaway 

To tap into the next generation of clients, financial advisors must adapt their practices to align with the preferences and needs of millennials and Gen Z. By embracing new technology, communicating with them on their preferred communication channels, prioritizing financial education, and practicing sustainable investing advisors can position themselves as trusted partners for the younger demographic. Implementing these strategies allows financial advisors to build lasting relationships and secure a prosperous future with the next generation of clients.


True West Consulting Partners with Presults to Enhance Compliance for Financial Advisory Firms

True West Consulting and Presults Partnership

[New York, NY, March 22, 2024] – Presults, a cutting-edge communication archiving solution designed specifically for the modern financial advisor, is proud to announce a strategic partnership with True West Consulting, a leading provider of compliance solutions for SEC registered investment advisory firms. This partnership aims to bolster their shared commitment to helping financial advisory firms navigate regulatory requirements effectively while streamlining compliance processes.

As financial regulations continue to evolve and become increasingly complex, financial firms are faced with the challenge of ensuring compliance while maintaining a focus on client service. True West Consulting specializes in assisting firms in creating a strong culture of compliance, offering tailored solutions to meet the unique needs of each client. Companies receive assistance in establishing robust compliance programs, including integrating the right compliance technology such as Presults.

Presults’ empowers financial advisors to focus on their clients without the burden of compliance worries. Their communication archiving solution is meticulously crafted to align with the specific laws and regulations set by the SEC and FINRA, providing financial firms with peace of mind knowing that their communication records are compliant and secure. Presults’ commitment to staying at the forefront of technology and regulatory changes ensures that financial advisors are equipped with modern automation tools to future-proof their practices.

Through this partnership, True West Consulting will leverage Presults’ state-of-the-art technology to enhance its compliance solutions for financial firms. By utilizing Presults’ communication archiving solution, True West Consulting will help its clients automate client communication archiving for compliance, mitigate risks, and protect their clients’ best interests more effectively.

Furthermore, as part of this partnership, True West Consulting clients will receive an exclusive discount on Presults software, adding value to firms seeking comprehensive compliance solutions.

“We are excited to partner with Presults to further enhance our compliance offerings for financial firms,” said Kari Thiessen, Co-Founder of True West Consulting. “By leveraging Presults’, we can provide our clients with even greater support in meeting regulatory requirements and ensure they utilize intuitive and modern archiving tools”.

True West Consulting and Presults are committed to supporting financial firms in their compliance efforts and helping them thrive in an ever-changing regulatory landscape.

For more information about True West Consulting and Presults, please visit True West Consulting’s website and Presults’ website.

The Benefits of Taking Proactive Compliance Measures

Proactive compliance Advisory Firm

Financial advisory firms often fall into the trap of reactive archiving, waiting until after non-compliant issues surface before addressing them. This approach not only increases stress levels but also exposes the firm to compliance headaches and potential regulatory penalties. 

Proactive compliance at financial advisory firms, on the other hand, entails automating digital communication archiving and implementing real-time email monitoring to scan communications for non-compliant keywords or terms actively. By staying ahead of the curve, firms can identify and rectify potential compliance issues before they escalate into more significant problems. Not convinced? Here are a few reasons why not taking proactive compliance measures will cost you: 


Early Detection of Compliance Risks

Proactive archiving allows firms to identify compliance risks in real-time, enabling them to intervene promptly and mitigate potential violations before they occur. By continuously monitoring communications, including emails, instant messages, and other forms of correspondence, firms can detect problematic language or behavior early on.

Presults can reduce the need for email compliance reviews by 90%. Presults also uses AI monitoring for non-compliant keywords or terms in real-time. By proactively monitoring client communications, firms can detect problematic language or behavior early on.

Proactive compliance Advisory Firm

Timely Intervention and Correction

With real-time monitoring in place, financial advisory firms can intervene promptly when non-compliant communication is detected. Whether it’s a client email containing sensitive information or an employee discussing prohibited topics, immediate action can be taken to address the issue, correct any misunderstandings, and prevent further compliance breaches.

An even better approach is to use technology, such as Presults, to monitor emails in real-time so that, employees can be notified about non-compliant terms before the email is even sent to the client. This helps to educate them on the reason for the non-compliance, thus mitigating the need for further intervention.

Enhanced Compliance Culture

By prioritizing proactive archiving, firms foster a culture of compliance where all team members are vigilant about adhering to regulatory requirements. When employees know that their communications are being monitored in real-time, they are more likely to exercise caution and ensure that their interactions comply with company policies and industry regulations. Additionally, monitoring solutions such as Presults,  educate employees on why an email communication did not meet compliance standards, resulting in a more educated and compliant workforce. 

Reduced Regulatory Exposure

By identifying and addressing compliance issues proactively, financial advisory firms can significantly reduce their regulatory exposure and mitigate the risk of fines, penalties, or legal action. By demonstrating a commitment to compliance through proactive monitoring and intervention, firms can enhance their reputation and build trust with clients and regulatory authorities.


Proactive compliance for your financial Advisory Firm

Operational Efficiency and Peace of Mind

Proactive archiving is a more efficient approach to compliance efforts as it reduces the administrative burden that comes with reactive approaches. Companies can take it a step further by automating the monitoring compliance measures and utilizing advanced analytics tools to prioritize value-added activities. This not only saves resources but also provides peace of mind.

Final Thoughts on Proactive Compliance

In summary, proactive archiving is essential for financial advisory firms that wish to stay ahead of regulatory requirements, mitigate compliance risks, and maintain their reputation for integrity and trustworthiness. By adopting proactive compliance processes and solutions, firms can foster a culture of compliance, reduce regulatory exposure, and ensure smoother operations and peace of mind.

How to Use LinkedIn to Market your Financial Advisory Firm

Are you looking to leverage LinkedIn to expand your reach and connect with your target audience effectively? Let’s dive into some key strategies on how to make the most out of your LinkedIn presence as a financial advisor:

Create a Compelling Header Image

Your header image is prime real estate to showcase your brand and value proposition. Craft a visually appealing header that clearly communicates what you do and the unique value you bring to your clients. Think of this as a billboard for your financial advisory services – and it’s free!

Financial Advisor LinkedIn
Danika B Waddell does an excellent job of utilizing her header image and tagline on LinkedIn

Optimize Your Tagline

Instead of using generic job descriptions, i.e. Financial Advisor, leverage your tagline to highlight the specific value you provide to your target customers. Make it compelling and relevant to capture attention and resonate with your audience. By focusing on what sets you apart and what makes you uniquely valuable, you can create a message that helps you stand out in a crowded field. 

Share Valuable Content

In order to establish yourself as an expert in your field and build a strong relationship with your target audience, it’s crucial to create LinkedIn posts that not only showcase your expertise, but also provide valuable advice tailored to their specific interests and needs. To achieve this, you should focus on sharing insights and practical tips that offer real value to your audience by helping them solve their problems. By delivering high-quality content that addresses your audience’s pain points, you can position yourself as a thought leader in your niche and earn their trust and loyalty over time. Ultimately, this can lead to increased engagement, brand awareness, and customer retention for your business.

Harness the Power of Hashtags

When it comes to social media marketing, using hashtags is a great way to increase the visibility of your posts and reach a wider audience. However, it’s important to use relevant hashtags that are related to your industry or niche.  Additionally, you should aim to use a mix of popular and niche-specific hashtags to maximize engagement and exposure. By using the right hashtags, you can attract more followers and increase the likelihood of your posts being shared and discovered by new audiences.

Utilize the Featured Section

Once you make a LinkedIn post, it only will remain visible for a week or two. However, if you add content to your featured section, it will live on. Make the most out of LinkedIn’s featured section to showcase your top-performing content and highlight posts that best demonstrate your value proposition. Keep your top content easily accessible for visitors to your profile.

Engage with Your Network

It’s important to remember that social media isn’t just about promoting oneself. To build a strong network and foster meaningful connections, it’s essential to actively engage with other users’ posts. This means taking the time to read the content that others share and commenting thoughtfully, sharing any relevant insights or opinions you might have, and sparking conversations that go beyond simple likes and shares. By doing so, you demonstrate authenticity and build trust, which can be invaluable when it comes to building a strong professional or personal network. Remember that social media is a two-way street: the more you engage with others, the more likely they are to engage with you, and the stronger your connections will be.

Thomas Kopelman Finanancial Advisor LinkedIN
Thomas Kopelman posting a video and adding in subtitles to ensure you can watch it without sound.

Embrace Video Content

Incorporate video content into your LinkedIn strategy to add a personal touch and capture your audience’s attention. Share informative videos, client testimonials, or behind-the-scenes glimpses to humanize your brand and connect on a deeper level.  By doing so, businesses can increase engagement and drive better results. So, if you’re looking to enhance your LinkedIn strategy, incorporating video content can be a great way to achieve your goals and stand out in the crowded digital landscape.

Track Your Performance

LinkedIn offers an analytics dashboard that allows you to keep a close eye on the performance of your posts, profile views, and engagement metrics. By diving into this dashboard, you can gain valuable insights into how your content is resonating with your audience. From the number of likes, comments, and shares to the demographics of your viewers, this data can help you adjust your content strategy to better connect with your audience. With LinkedIn’s analytics dashboard, you will have the ability to track your progress over time and make data-driven decisions to optimize your social media presence.

Optimize Posting Times

To optimize your visibility and reach a larger audience on LinkedIn, it’s important to analyze the times and days when your target audience is most active. This can help you to schedule your posts during peak engagement periods when your audience is most likely to be online and engage with your content. By doing so, you can increase your chances of reaching a wider audience, generating more likes, comments, and shares, and ultimately driving more traffic to your LinkedIn page. This strategy can be highly effective for building your brand, establishing thought leadership, and driving engagement on the platform.

Chelsea Ransom-Cooper Financial Advisor LinkedIn post
Chelsea Ransom-Cooper CFP® is authentic on LinkedIn and it shines through.

Stay Consistent and Authentic

Consistency is key to building a strong presence on LinkedIn. Develop a posting schedule and stick to it, ensuring regular updates and interactions with your network. Utilize the schedule feature to schedule posts in bulk so that you can set it and forget it. This also allows you to stay consistent with your LinkedIn posting even while on vacation or during busy periods.  Be authentic in your communications and showcase your personality to connect with your audience on a human level.

Keep an Archive of Your Activity

Maintain a comprehensive archive of your LinkedIn activity. Consider using a dedicated archiving solution for your LinkedIn, like Presults, to ensure compliance with regulatory requirements and preserve a record of your digital footprint for future reference. With Presults, you can easily retrieve and review your past activities, such as profile updates and messages, without worrying about losing or corrupting your data.

By implementing these strategies, you can elevate your LinkedIn presence, establish yourself as a trusted financial advisor, and attract your ideal clients. At Presults, we’re here to support financial advisors in maximizing their online presence while ensuring compliance with regulatory requirements. Reach out to us to learn more about how we can help – or follow us on LinkedIn!

Avoid These 5 Common Archiving Mistakes to Ensure Compliance in your Financial Advisory Firm 

Archiving compliance mistake

Effective archiving is a cornerstone of compliance for financial advisory firms. Yet, many stumble into common archiving pitfalls that hinder compliance, reduce efficiency, and jeopardize client trust. In this article, we’ll delve into the five most prevalent archiving mistakes financial advisory firms make and how to avoid them.


Mistake #1: Thinking it’s one person’s responsibility

Archiving is often seen as a task assigned to one individual or department. However, it’s a collective responsibility that requires coordination across the organization to ensure that all team members are taking a responsible and proactive approach to compliance.

To ensure that archiving and compliance are seen as the responsibility of everyone, education is key.  While educating employees on archiving best practices may seem like another task you just don’t have time for, you can leverage AI to proactively monitor team members’ communication with clients to proactively notify and educate them on non-compliant communication. 

Manual financial advisory firm archiving
Manual archiving is inefficient and prohibits growth.

Mistake #2: Archiving everything manually in your financial advisory firm

Manual archiving of everything is inefficient, it leaves your advisory firm prone to errors and increases the risk of oversight and non-compliance. Compliance is not an area where you can afford to make mistakes. Financial advisory firms must embrace automated compliance solutions to minimize compliance risks. In addition, automation streamlines the archiving process and empowers teams to focus on high-value tasks to drive business growth.


Mistake #3: Not being proactive with archiving

Financial advisory firms often fall into the trap of being reactive instead of proactive by waiting until after non-compliant communication surfaces before addressing the issue. This approach not only increases stress levels but also exposes the firm to compliance headaches and potential regulatory penalties. 

Proactive archiving solutions, on the other hand, implement real-time email monitoring systems that actively scan communications for non-compliant keywords or terms. By staying ahead of the curve, firms can identify and rectify potential compliance issues before they escalate into more significant problems, ensuring smoother operations and peace of mind.

Archiving data ready for audits financial advisory firm

Mistake #4: Not having data easily accessible for audits

When auditors come knocking, quick and easy access to archived data is paramount. Fumbling through disorganized files or outdated systems can delay audits and raise red flags. Financial advisory firms are often required to provide comprehensive documentation and evidence of their compliance efforts during audits, such as archived communications and other relevant data. Without efficient archiving systems in place, firms may struggle to locate and retrieve the necessary information, wasting valuable time and resources and increasing audit times. 

To avoid these pitfalls, financial advisory firms must prioritize the accessibility and organization of their archived data. This involves implementing robust archiving solutions that offer centralized storage, advanced search capabilities, and user-friendly interfaces. By consolidating archived data in a secure and easily accessible repository, firms can streamline the audit process and maintain regulatory compliance. 


Modern archiving solution for financial advisory firms

Mistake #5: Using outdated archiving technology in your financial advisory firm

Legacy archiving solutions may struggle to keep pace with evolving regulatory requirements and technological advancements. Investing in modern archiving technology is not just about compliance; it’s about enhancing security, scalability, and efficiency. By leveraging cutting-edge archiving solutions, financial advisory firms can future-proof their compliance efforts and adapt to changing regulatory landscapes with ease.

Modern archiving solutions provide scalability to accommodate the growing volume of digital communications and data generated by financial advisory firms. As the industry evolves and client demands shift, scalable archiving solutions allow firms to adapt seamlessly without compromising performance or compliance standards. Ultimately, investing in a modern archiving solution goes beyond mere compliance—it’s a strategic decision to fortify the firm’s infrastructure, optimize operational efficiency, and enhance client trust.

Final Thoughts

In the fast-paced world of financial advisory services, avoiding common archiving mistakes is critical to ensure compliance, streamline the audit process, improve your firm’s efficiency, and maintain client trust. By avoiding these five common archiving mistakes and embracing modern solutions, financial advisory firms can navigate regulatory complexities with confidence, safeguarding their reputation and fostering long-term success.