18May2024
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How Long Should a Wealth Management Meeting Last? 🕒

Disclaimer: The views and opinions expressed in the vapa Swiss independent wealth management blog posts featured on this page are solely my own and do not necessarily represent the views of any institutions or organisations I may be associated with. These posts are intended to share personal insights and perspectives and should not be interpreted as official statements or positions of any affiliated entities.

How long should you spend in a client meeting in the dynamic world of wealth management? Is it about quantity or quality, and does following the high-frequency meeting approach of big banks pay off?

🔍 Quality Over Quantity: The New Meeting Mantra

Tailored Duration: There’s no one-size-fits-all. A meeting should last as long as it needs to address the Client’s unique needs and questions comprehensively.

Efficiency is Key: Focus on being concise yet thorough. Efficient meetings that respect the Client’s time can be more effective than longer, less focused interactions.

🌟 Rethinking the Sales Approach:

Not a Sales Pitch: Unlike an investment fund salesperson, a wealth manager’s role is to understand, advise, and build a relationship, not just close a deal.

Building Trust: Frequent, shorter meetings might seem impressive, but building trust and understanding takes time and genuine engagement.

💼 What’s the Goal?

Understand Client Needs: The aim should be to deeply understand the Client’s financial goals and concerns, not to meet a quota.

Provide Value: Each meeting should leave the client feeling informed, understood, and confident in their financial strategy.

🤔 Your Strategy:
How do you approach wealth management meetings? Do you prioritise the length or the quality of interaction? What have you found most effective in fostering strong client relationships?

Source: LinkedIn

Rating: 5.00/5. From 2 votes.
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A concise discussion on the optimal duration of wealth management meetings focusing on client needs and relationship building.

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