It’s not Facebook that’s making Microsoft Obsolete: Advisor Technology Trends
Posted by William Byrnes on August 1, 2011
Despite the ever-increasing popularity of social media sites like Facebook and Twitter, social media sites are not yielding the results advisors initially envisioned. In terms of building a stronger client base, social media and cold calling were shown to be ineffective ways of generating new revenue – they tied for last place in the recent study by Advisors Trusted Advisor. The producer-client relationship requires a high level of trust, and the use of social media sites, whether for advertising or networking purposes, can have the tendency of disturbing the producer-client relationship. Read this complete analysis of the impact at AdvisorFX (sign up for a free trial subscription with full access to all of the planning libraries and client presentations if you are not already a subscriber).
This entry was posted on August 1, 2011 at 06:00 and is filed under Wealth Management. Tagged: Brand awareness, Business, Facebook, Internet Marketing, Marketing and Advertising, Online Communities, Social media, Twitter. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.