Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > Asset Managers

Focus on the right clients

X
Your article was successfully shared with the contacts you provided.

It may be tempting to focus entirely on your A+ and A clients at events, but that doesn’t mean you can ignore your other clients, say Ron Carson and Steve Sanduski. In their book “Tested in the Trenches,” the authors write:

“Never exclude B, C or D clients from events. Even though you don’t want more B, C or D clients, you have to invite them because it’s not their fault that you took them on as clients, so (…) you have an obligation to invite them. However, you can and should make an extra effort to invite your A+ and A clients through phone calls.”

You shouls ultimately invest most of your marketing dollars on existing clients, rather than prospects. Existing clients will gradually turn more assets over to you, the authors write, and will provide a source of warm referrals.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.