Young advisers are increasingly seeking more support in the use of soft skills to develop relationships with clients, according to AstuteWheel.
There is a knowledge gap surrounding soft skills in young advisers as they complete their paraplanning apprenticeships and seek to gain client-facing experience, Hans Egger, co-founder of client engagement tool Astute Wheel, said..
“These soft skills need to be both learned and applied,” he said.
“The AstuteWheel helps advisers bridge the gap in this knowledge and educates them on how to demonstrate value to clients in their advice process.”
While the tool was in the development stage, Mr Egger worked with young planners to identify specific needs and uncover gaps in how they relate their technical knowledge to the needs of the client.
Stephan Strategic CFP and director Joe Stephan said the AstuteWheel has helped him make the most both of the client’s time and his own.
“One of the things that has been inherent in the financial planning industry is taking down facts and figures in meetings, which does my head in,” he said. “Collecting facts and figures doesn’t help us engage our clients and doesn’t build trust.
“One of the things AstuteWheel has really helped us with is the collection of data prior to the meeting.
“When the client comes in, we can learn about them and start to really understand what strategies would work.”
Comments powered by CComment
The AIOFP is disappointed by the first tranche of the government’s QAR-related legislation and has called on Canberra to ...
Clients do not always start their journey with holistic advice from the outset, and super funds providing basic advice ...
The advice group has expanded its operations interstate with two acquisitions in Adelaide and one in Port Macquarie
Never miss the stories that impact the industry.
Get the latest news! Subscribe to the ifa bulletin