Monday, November 11, 2019

The magic of financial text archiving – A guide for wealth managers to level-up their client engagement

Must Read

Withdrawal symptoms of drug dependence

Most drug dependent people make many unsuccessful attempts at ending their addiction before they reach success. Many people that...

5 Reasons You Are Not Losing Belly Fat

It is a shameful thing that in spite of vast exercises machines, people fail to lose their belly fat....

Which cardiology technologies are shaking up the health industry?

The health industry, like any other sphere of modern life, has not gone untouched by the tech revolution, especially...

Safe post-pregnancy dieting and workout tips for healthy weight loss

The baby has come into the world, visitors have dried up, and you are slowly getting back to life;...

Eat. Sleep. Study. Repeat: Is this the Mantra of Success?

People, especially students appear to predict the success mantra as “Eat. Sleep. Study. Repeat”. They give up on everything...

Mathura, Illegal Squatters, History and Humanity

When I see all the hue and cry in the media over Illegal Squatters of a particular sect attacking...

Due to compliance with Securities and Exchange Commission (SEC) and  Financial Industry Regulatory Authority (FINRA)’s text archiving requirements, many wealth managers who capture and record mobile SMS they generate and collect on a daily basis  cite strict industry and legal requirements and often misses out how such platform is meant not to limit their potential, but rather boost their relationship with their clients and create new avenues for revenue generation.

To create a better overall experience for the client with the company, wealth management firms must create strategies that will make text messaging an effective tool to enable both the advisors and clients to make better decisions and deliver and access tailored services, even while focusing on mobile archiving compliance.

There are four most important aspects that every wealth manager should strategically use and take into account improve the engagement of their present and potential clients with their text messages.

  1. Self-service – having the clients actively engaged by means of initiating conversations with the wealth managers, such as using two-way SMS or USSD text applications, we can assure that our clients would feel that “human touch” that adds to the comfort of having their convenience in using the system.
  2. Capture Once, Use Many – by archiving information that the clients already provided, we can eliminate the hefty processes that could potentially hinder the client’s convenience, as well as actually gain an insight on how your clients work so we can better service them by means of the information they provided
  3. Mobile SIMS Gamification – while it might be argued that it’s somehow “risky”, combining different apps and tools that could help the client out by archiving their information and make their interactions easy and hassle-free can still go a long way for both parties.
  4. Combining Technology with real-life interactions – Ultimately, once all other factors have been addressed, it goes all the way down into making that connection happen. To get this done, we here at Telemessage over a wide variety of products that could leave your clients in-touch and assures a healthy, long-term relationship with them, in the most secured and easy-going way.

In this infographic brought to you by us, here from TeleMessage, we will show in an in-depth detail how each of the aforementioned factors work:

Wealth managers

The Zigverve Team
The dedicated team at Zigverve that aims at bringing you the best lifestyle updates from all over the world.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

705FansLike
3,503FollowersFollow
0SubscribersSubscribe

What's popular

When is the right time to repair your roof depending on the material you are using?

There is a wide variety of materials to choose from when it comes to roofing your home. While, on...

The ultimate guide to buying the perfect gemstone engagement rings

Buying an engagement ring can be a stressful experience, as you have to check so many things before you make a final decision. No...

Top 7 reasons why you should not be bailing on your breakfast

Every meal you have throughout your day gives you a chance to nourish your body. It all depends on the choice of food that...

Fitness Wonder – Coconut Oil

New super-foods trigger regular hypes among fitness bloggers, health fanatics and passionate athletes and are often summoned as a panacea thanks to their supposed...

Why is your hair falling and what can you do about it?

It is quite natural for people to keep on losing their hair from time to time and even throughout the day as you do...

How much does it cost to fix a flooded basement?

How often have you heard people say that “I am a water animal”? I have heard people say it several times. So, when it is...

Wear a leather jacket the chicest way – Your ultimate style guide

We all have a different interpretation of style. To some, it is minimal, whereas to others, it is larger than life. When it comes...

How Important is Vitamin C For Your Skin?

Everyone wants healthy, glowing skin free of blemishes and dark spots. No one wants to deal with skin cancer caused by the sun's UV...

10 situations in which a Family Health Insurance Plan can save

Not everyone can afford the high escalating cost of medical treatment for different illnesses. Most of us are not even prepared for the high...

More Articles Like This