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

ThinkAdvisor

10 Ways Advisors Blow Themselves Up at Nonprofits

By Bryce Sanders

Slideshow April 05, 2022 at 03:21 PM Share & Print

Your article was successfully shared with the contacts you provided.

Related: How 8 Simple Questions Can Reveal Potential Clients

Remember the saying “Age and treachery will overcome youth and skill”? The famous Italian cyclist Fausto Coppi gave us this quote, which can serve as a warning for advisors getting involved in the community today. Why?

Many advisors and agents understand you increase the probability of getting more high-net-worth clients by becoming part of their world. Getting involved in nonprofit community organizations is often an excellent pathway. When you get involved, you must get your priorities right. You are a newcomer. You may bring a lot to the table, but do the wrong things and you are in trouble.

See the gallery for 10 ways advisors blow themselves up at nonprofits.

Bryce Sanders is president of Perceptive Business Solutions Inc. He provides HNW client acquisition training for the financial services industry. His book, “Captivating the Wealthy Investor,” is available on Amazon.