Defending Deposits and Growing Non-Interest Income by Making Financial Planning Programs in Financial Institutions More Competitive
Toast the pepitas! I was recently making a creamy turkey ancho soup recipe and everything was going well. So far everything was in one pot (less dishes to do) and smelling great! Then it said to get out a skillet and toast the handful of pepitas that would go on top at the end. Seriously? Dirty another dish, add another step, why would I do that? But I did and WOW did it make a HUGE difference! Often when we partner with new community financial institutions and work with their financial advisors they have their way of doing business, the recipe they have always followed. Not all are open to doing things differently, maybe thinking things are adding extra work, dirtying more dishes. But those that are open to new ideas often see their businesses grow. One recent bank we started working with that was open to trying a new recipe was able to add so many more assets under management from just three clients that it will result in $168,000 additional annual recurring revenue and an increase in the advisor’s compensation. What are you missing out on with the recipe you and your financial advisors have been following. Let’s have a conversation. Toast the pepitas!
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Talent & Operations Executive who transforms organizations through people-first leadership.
6moIt definitely makes a difference. And I can picture you in my head when you found out you had to use another pan. 🤣