Finding the right referral partners makes selling so much easier. They advocate for your business. They introduce you to new connections, and they help you move the sales needle. But cultivating the right referral partners in the private client space is different. Referral partners and centers of influence are bombarded with requests to “connect” and the best aren’t looking to help you. They want to add value to their network. This session will help you think more broadly and strategically about your COI network.
Topic areas will include:
Bill Walton presents to small business sales organization at Citrix:
A great day with the Citrix SMB team. Connected sellers to the needs, passions, obsessions of small business owners. Themes: Value creation, meaning more, and issue fluency in the business owners industry. SMB owners can work any 18 hours a day and wear many hats. They need authentic people to support them and they need results now. Thank you to Michelle Neal, Director of Sales Effectiveness. You are a Value Creator!
Sales Leadership in Financial Services: A Shift to “Transformational Energy Leadership!” A VoiceAmerica Radio Show with Bill Walton and Dr. Matt Woolsey, Renown Executive Coach
With the Wealth Management, Banking and Insurance industries changing practically weekly, firm leaders should be taking a hard look at their talent - specifically their sales leaders. They’re the true pivot point in an organization and when trained well, MAKE MONEY FOR THE FIRM. FACT - Investing in sales leadership can yield top line revenue gains of up to 29% according to Wilson Learning. The role of the sales leader has morphed over the years, from “top closer” to “product expert” to "administrator." To win in this era of digitial client acquisition, these pros need to be freed up to coach and develop producers.
Listen to this engaging conversation with Bill Walton and Dr. Matt Woolsey, the nation’s leading authority on transformational leadership. You’ll be given a roadmap on how to make sales leadership a strategic advantage in your organization – one that you can drop to the bottom line. Topics include:
Click on the link to enjoy the show:
Share your comments with us on LinkedIn (https://www.linkedin.com/in/billwaltonsalestraining) or Twitter (@wfwalton) or at firstname.lastname@example.org.
I spent the day at IN|VEST 2018 yesterday in NYC as an evangelist, a trainer and thought leader. The conference was well produced and the speaker roster couldn't have been a better fit. The goal - provide concrete ways to leverage digital wealth technology internally and externally to drive seamless financial experiences that feel like consumer experiences. Here's a list of the key observations. Please excuse the brevity:
For more insights, call or text 917-439-3271 and I'd be happy to share more. - Bill
Financial professionals all agree that they need new clients. But the challenge of balancing a healthy client base and dealing with an endless flow of admin is crowding out the time for a strategic prospecting effort. The result? A prospect-when-I-get-to-it approach that barely moves the needle. Without a dedicated prospecting effort, advisors, planners, bankers and insurance pros face real revenue gaps in their practice. In order to respond, this book provides a proven system that will get the growth readers need that positions them as credible, not salesy.
Taming the Four Headed Dragon gives Bankers, Private Client Advisors and Insurance pros an easy-to-adopt process that validates what they’re already doing well while giving them the three things successful prospectors possess:
Start winning more that your share of new business by ordering your personally signed copy of Taming the Four-Headed Dragon. Go to https://www.4headeddragon.com to order. Most credit cards accepted. For an earlier start on your client acquisition efforts, download your free copy of the chapter that helps you ask for the business. Click here to get yours: www.billwaltonsalestraining.com/freedownload2.html.
In part one, we talked about the coffee talk meeting as a co-created experience. The key is to build momentum for next – the all-important second meeting in business. Here are 10 tips to ensure you get your share of the pie in your next coffee talk meeting.
“Hi Ellen, it was great seeing you this past Tuesday and thanks for being so generous with your time. We covered a lot of ground together but wanted to follow up on some of the things we both thought were important:
• This is the video of my Chamber talk on messaging
• A Whitepaper on what the best are doing around prospecting in wealth management
• A link to my blog post on social media that I told you about. Nice tie to your team’s challenges.
Thanks also for your help in connecting me to Steve over at TKD Securities. I know we said that we’d connect at the end of the month - here are some additional dates and times for us to reconnect on the prospecting topic. Please feel free to pick one that works or suggest another.
• June 6 – after 12p
• June 7 – all day
• June 13 – before 3pm
Thanks again, Ellen. I look forward to seeing you soon."
If no response in two weeks, send a calendar invite with the same message above around timing flexibility. This assumes that you made firm and purposeful connections in the coffee talk meeting and the next meeting was implied and agreed upon.
As always we value your comments and success stories. Please send all good news to email@example.com.
Join me at In|Vest 2018 in a discussion on what wealth management firms can and should be doing internally to prepare their marketing and distribution organizations for a new era of digital client acquisition. promo code GUEST to save $200 to attend. https://bit.ly/2EPerj9
CLIENT ACQUISITION EXPERT BILL WALTON LAUNCHES “THE CLIENT SIDE PODCAST” TO SHARE SALES SUCCESS STRATEGIES WITH WEALTH MANAGEMENT PROS
Co-hosted by branding expert Shakira M. Brown, the podcast aims to help financial services firms “mean more” to clients.
FOR IMMEDIATE RELEASE– Award-winning financial services client acquisition specialist Bill Walton, founder of Bill Walton Sales Training (billwaltonsalestraining.com), recently launched the Client Side Podcast (https://clientside.podbean.com) to share strategies wealth management professionals can implement to acquire and retain more clients. Co-hosted by award-winning media and branding expert Shakira M. Brown (smbstrategicmedia.com), the podcast will cover how being a “thinking partner” and practicing the “joy of helping” can attract new prospects and offer more value to clients.
In the premiere episode “The $30 Trillion Chase,” Walton and Brown address the $30 trillion chase: the $30 trillion dollars that has begun to shift from one generation to the next as baby boomers pass on their legacies. Plus, discover how to “Mean more to clients” in Walton’s “Bill-ism” of the episode. Listen now and subscribe to hear future episodes at https://clientside.podbean.com.
With more than 20 years of experience helping financial services firms “mean more” to clients, Walton applies his expertise to help professionals in the wealth management industry win and retain more business who are often burdened with limited time and resources. Walton launched “The Client Side Podcast” to further share his signature “just add water” value added programs and live pipeline coaching approach with a larger audience. Along with his two books, Taming the Four-Headed Dragon and The Winning Way with Brian Tracy, the podcast aims to help professionals in wealth management, banking and insurance mean more to their clients.
“We’re in the midst of a massive shift in generational wealth, and wealth management firms need to be ready to shift their focus,” said Walton. “These companies need to avoid heading down a commodity path in their respective sectors. I’ve spent years helping businesses meet client expectations and aim to encourage a value creation approach – one that offers insight over product and service – through this podcast.”
Listen to the first episode of the Client Side podcast and subscribe for future episodes at https://clientside.podbean.com.
The Client Side Podcast is recorded at IBIS Venue Center in Hamilton, NJ. Learn more about these professional meeting spaces by visiting www.ibisvc.com.
For questions or comments about the podcast, email firstname.lastname@example.org.
About Bill Walton
Bill Walton is the CEO of Bill Walton Sales Training a Client Acquisition firm with over 20 years of experience in helping financial services firms "mean more" to clients. He has worked extensively in wealth management, banking and insurance as a sales coach, facilitator and author. Learn more about Bill Walton and download the free whitepaper “The New Era in Prospecting in Wealth Management” by visiting www.billwaltonsalestraining.com. Visit his blog for even more tips on client acquisition at: https://www.billwaltonsalestraining.com/blog.
About Shakira M. Brown
Shakira M. Brown is an award-winning PR and marketing expert with over 20 years of experience leading communications strategies for various small and high growth corporations, public companies, celebrities, personalities and professional services firms. As a speaker, Shakira as “The Small Biz Whisperer” has addressed audiences of her peers in public relations around the country. Shakira is available for speaking engagements; please contact email@example.com with inquiries.
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
Client Type # 5 – Large Asset Owners
Potential Problem Areas
Client Type # 6 – Philanthropic Organizations
Potential Problem Areas
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)
For nearly three years you’ve been hearing from me on the need for a client type approach to new client acquisition. We are in the midst of a massive shift in generational wealth and Wealth Management firms need to be ready for the millennial-like client who will be looking for their own brand of relationship with you. Those in client facing roles must shift their focus – private client advisors on whole are not achieving their appropriate share of wallet with clients, relying too heavily on AUM and pressing issues of the day. I actually write about this in my book Taming the Four Headed Dragon – current clients, compliance and events are crowding out the time needed for a dedicated prospecting effort.
So to make things easier (As BWST always does), I've provided a window into six client types. Each come with their unique problems or aspirations not yet met. I've also provided some nuances to be mindful of when surfacing opportunity during your prospecting. The first set of client types will be those associated with CREATED wealth. (Part 2 will address prospects associated with INHERITED wealth). Source of wealth is hugely important when making connections with HNW prospects:
Client Type #1 - The Serial Entrepreneur
Potential Problem Areas
Client Type #2 - The Mature Business Owner
Potential Problem Areas
Client Type #3 - The C-Suite Executive
Potential Problem Areas
For more ideas to support an effective client-type prospecting strategy with High Net Worth individuals, 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 has over 60 years of collective Fortune 500 company experience in Sales, Sales Training and Field Sales Management. Our specialty is preparing individuals and organizations to present their value propositions in a way that results in higher close ratios. Our team are un-blurring the lines of differentiation between their client's fiercest competitors.