Thanks for reading part 1 in our series that spoke to the need to connect uniquely with HNW prospects with CREATED wealth as their main characteristic. In part 1 I wrote about serial entrepreneurs, mature business owners and C-Suite execs and the pebbles in their shoes that Wealth Management firms can address. In addition to this client type approach, firms need to be ready for the millennial-like client who will be looking for their own brand of relationship with you... or with another firm.
So to continue our client acquisition glide path, let me share with you three more client types that should also be part of your HNW prospect segmentation. This set of client types can best be associated with
INHERITED wealth. Source of wealth is hugely important when making distinct connections with HNW prospects:
Client Type # 4 – Family Office
Potential Problem Areas
Prospecting Opportunity
Client Type # 5 – Large Asset Owners
Potential Problem Areas
Prospecting Opportunity
Client Type # 6 – Philanthropic Organizations
Potential Problem Areas
Prospecting Opportunity
For more ideas to support an effective client-type prospecting strategy, sign up here for a link to the corresponding chapter in my book, Taming the Four Headed Dragon (https://www.4headeddragon.com)
Bill Walton Sales Training is a Client Acquisition training and coaching firm with over 20 years of experience in helping sales and account professionals connect with ideal clients.
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