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Home News

Advisers warned against ‘elevator pitch’

Financial advisers should avoid using elevator pitches in social situations when asked what they do for a living, says a US-based communications expert.

by Reporter
March 30, 2015
in News
Reading Time: 2 mins read
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Commenting on how advisers should tell people what they do, i-Impact Group founder and president Claudio Pannunzio said that at social gatherings, advisers should refrain from addressing the question ‘what do you do?’ with a “canned commercial”.

“Its ready-made nature does not help the adviser make a good first impression and establish a bond with the other person,” Mr Pannunzio said.

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“Regardless of how well articulate, grammatically impeccable and smooth flowing an elevator pitch is, people can easily sense that you are reciting a non-spontaneous answer,” he said.

Mr Pannunzio recommends that when an adviser is asked what they do for a living that they take it as an opportunity to lead the conversation and create a response that encourages the other person to ask ‘how do you do that?’.

To effectively engage a prospect’s attention, an adviser must be able to persuade them that they are capable of solving their problems.

If your positioning statement is effective, that individual will likely feel compelled to respond by posing a few specific questions about problems and issues you may be able to address,” Mr Pannunzio said.

“When that happens, listen actively to fully understand the nature of her/his problems and then offer your best insights and guidance.

“This will help position you as a trusted expert source, pique the attention of the audience and prompt them to continue the conversation,” he said.

“People will be attracted to you if you take the time to conscientiously listen to them to gather good intelligence about what they worry and care about. Your attention rather than your elevator speech will create for them a memorable moment,” Mr Pannunzio said.

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Comments 6

  1. TD says:
    11 years ago

    Matthew, I’m happy for you. Muppets who write this rubbish obviously had you in mind.

    Reply
  2. Matthew Ross says:
    11 years ago

    I actually found this to be of interest.

    Many ‘experts’ are telling us to do things like have an elevator pitch but Claudio is right, if it’s not genuine it comes across as contrived and fake.

    FP has had it’s fair share of fakes so this is sound advice.

    We’ve also got our fair share of sooks too. TD and Peter are exhibit’s A and B. Dry your eyes fellas.

    Reply
  3. TD says:
    11 years ago

    Patronising rubbish. Is there anyone at the helm of this rag!

    Reply
  4. Peter Willmott says:
    11 years ago

    Do you have any suggestions on how we all should take a bath and tie our shoe laces

    You get to a point where you get totally sick of this drivel
    that is cast as a story

    Today I am unsubscribing

    Peter

    Reply
  5. Leo says:
    11 years ago

    ‘You need an elevator pitch’ ..
    ‘Don’t use an elevator pitch’.
    So many consultants, so many contrasting opinions.

    Reply
  6. wondering says:
    11 years ago

    And with that memorable moment they will most likely act on your advice, as everybody is looking for free advice these days and also knows better than the adviser, so implements and you will be in breach of so many FOFA’s that you will be running for the rest of your life.

    Reply

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