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Top 10 digital marketing strategies for wealth management companies

Wealth management company

Digital marketing is becoming into the cutting-edge, economical, and strategic avenue for conversion and communication in the financial services industry. 

When coming up with marketing ideas, financial advisors and wealth management experts should make digital marketing a key component of their plan. Digital marketing allows you to reach your target audience and showcase how you could be valuable to your prospects. Once your client recognizes your firm as the top-notch wealth management firm, then the friction between the two parties would reduce drastically making it easy for you to convert them into leads and then into sales.

Wealth managers use marketing as a key tool, but how precisely do you market your wealth management services? One of the best ways to advertise your service is through digital marketing. Nine strategies that will help you boost sales and expand your wealth management business are covered in this article.

CodeDesign is a leading digital marketing agency ranked #1 in Lisbon, Portugal. You could work with us to accelerate your business growth.

1. Establish A Remarkable Brand

create brand

Create brand

A wealth management brand must be memorable to differentiate itself from the competition. Telling your potential customers what to expect from your is the goal of branding. Your brand should stand out and accurately reflect what your business is. Your wealth management digital marketing strategy must be developed around the distinctive advantages you provide your clients if you want to stand out. 

This should be reflected in your branding in a way that distinguishes you from full-service wealth management companies or investment advisors. Even customers of robo-advisors will require expert guidance in more complicated financial matters like taxes or estate planning. 

2. Create an appealing website

Create an appealing website

Each wealth management digital marketing strategy should start with an engaging website. But for many wealth managers, creating a compelling website can be overwhelming. Choosing a course of action can be challenging because so many options are available. 

Numerous wealth management websites share a similar aesthetic and fail to convey the company's brand. This makes it challenging for your company to establish its expertise and connect with potential clients for wealth management. You need to have a minimalistic website that conveys the right message to your audience and follow all the SEO guidelines and best practices to get qualified traffic directly from search engines.

3. Implement SEO guidelines and best practices to generate qualified leads for your website

There are many ways to generate leads, but SEO is one of the more economical marketing strategies. SEO involves optimizing your website for search engines to appear when users enter relevant search terms, allowing them to learn more about your services. More qualified visitors comes to your site when you rank higher for more relevant searches. You gain more customers as a result for your business. 

Compared to other lead generation strategies, this digital marketing strategy has the potential to generate significantly more traffic. But without any prior knowledge, it can be challenging to know where and how to begin with SEO. You could work with our SEO experts having 10+ years of experience optimizing websites and generating leads and sales.

4. Build your authority through blogs

Standing out in a market with many other financial service providers can be challenging. By establishing yourself as an authority in the wealth management sector, using a blog as one of the pillars of your wealth management digital marketing strategies can help you stand out from your rivals. 

Writing on topics related to your services can help you become more visible on Google and draw in new customers as an added bonus because Google values original, authoritative content. You can further expand your audience by sharing your articles on social media. Your connections will probably do the same for their connections, who might find your post insightful and get in touch with you for more details.

5. Develop a social media plan

A successful social media strategy will raise brand awareness and draw new customers to your wealth management business. Social networking sites like Facebook and LinkedIn are excellent ways to connect with your target audience and share crucial information about your company, such as new service offerings. You can share pertinent content and reach hundreds or even thousands of potential customers with an effective social media strategy.

  • Post content regularly

It's crucial to post frequently on social media because it keeps your brand in customers' minds. When you are memorable, you have a better chance of generating leads through social media. Regularly refers to sharing numerous times per week.

  • Get your audience involved.

Respond to people who leave comments on your posts or send you private messages. You should concentrate on responding to their queries or adding additional commentary to their comments because engagement is essential for developing relationships with your audience.

  • Utilize a tool for social scheduling

Using a social media scheduling tool will allow you to post your content once rather than every day, saving you time. You can schedule your posts a month in advance and save time by using a tool like Hootsuite or Buffer.

6. Make your Google Business listing more effective.

Google Business Listing

Google Business Listing

Your financial services business must have a Google Business Listing in order to be listed on Google Maps and make the most of your digital marketing efforts. Then, you can begin by entering all necessary details like your company name, address, and phone number. Upload images so that prospective clients for your wealth management firm can get to know you. You can increase your exposure to locals and increase the likelihood that they will contact you by phone or through your website by optimizing your Google Business listing for your wealth management services.

Obtaining Google reviews is the best way to increase your credibility on the search engine. A study by the Spiegel Research Center found that nearly 95% of customers read online reviews before making a purchase. This means that if you want to expand your clientele, it is crucial that you ask every long-term client of your wealth management firm for a Google review. To stand out from your competitors when they are looking for a wealth manager, we advise aiming for 50% more reviews than they have.

7. Use Email Marketing Regularly

Most people still check their email every day even though they frequently feel overloaded with it because they're looking for something crucial. Utilizing an email newsletter allows you to provide value to your audience through email marketing, keeping you in potential and current customers' minds. Like a blog, we want to offer insightful information that your audience finds useful rather than just promoting your services because they will unsubscribe. 

Segmenting your email newsletters is essential if you have a diverse customer base. Sending different newsletters to pre-retirees and Millennial investors is necessary because they have different needs. Always keep your audience in mind when deciding what kind of content and tone to use for your newsletter.

8. Use content marketing to position yourself as a financial expert.

Content Marketing and SEO are crucial for your organic success

Content Marketing and SEO are crucial for your organic success

Digital marketing for financial advisors includes dozens of great online growth strategies, one of which is content marketing. Content marketing allows you to share your expertise with your target audience and establish yourself as an industry authority.

People who rely on you to manage their retirement plan or assets must have confidence that you know what you're doing and will assist them in making the best decisions. You must establish trust with these potential customers, and content creation is one of the best ways to do so.

9. Use pay-per-click (PPC) advertising to generate more leads that convert into customers.

Use PPC to generate leads

Use PPC to generate leads

If you want online marketing for wealth management firms, you should include pay-per-click (PPC) advertising in your strategy.

PPC ads appear at the top of search results for relevant queries; the "ad" tag identifies them.

Running financial advisor ads is a great way for your wealth management firm to appear first in search results, allowing clients to find you before your competition.

10. Hire a Digital Marketing Agency

Hire CodeDesign

Hire CodeDesign to see unprecedented growth

You might be wondering whether or not you need to hire a digital marketing agency. After all, you're probably busy enough running your wealth management company.

But the truth is, a good digital marketing agency can help take your business to the next level. They know the latest trends and have the tools and expertise to help you reach your target audience.

Plus, they can help you create a marketing strategy that's tailored specifically to your business. So if you're looking to boost your online presence, then hiring a digital marketing agency is definitely the way to go.

Bottom line

Wealth management firms must first focus on their digital marketing strategy in order to increase their online sales. Wealth management firms can reach new customers and grow their business by using the right tools. CodeDesign, the leading digital marketing service provider, can assist you in developing and implementing digital marketing strategies for your wealth management firm. Feel free to reach out today and get in touch with us.

About Bruno Gavino

Bruno Gavino is the CEO and partner of Codedesign, a digital marketing agency with a strong international presence. Based in Lisbon, Portugal, with offices in Boston, Singapore, and Manchester (UK) Codedesign has been recognized as one of the top interactive agencies and eCommerce agencies. Awarded Top B2B Company in Europe and Top B2C company in retail, Codedesign aims to foster personal relationships with clients and create a positive work environment for its team.  

He emphasizes the need for digital agencies to focus on data optimization and performance to meet the increasingly results-driven demands of clients. His experience in digital marketing, combined with a unique background that includes engineering and data, contributes to his effective and multifaceted leadership style.

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About Codedesign

Codedesign is a digital marketing agency with a strong multicultural and international presence, offering expert services in digital marketing. Our digital agency in Lisbon, Boston, and Manchester enables us to provide market-ready strategies that suit a wide range of clients across the globe (both B2B and B2C). We specialize in creating impactful online experiences, focusing on making your digital presence strong and efficient. Our approach is straightforward and effective, ensuring that every client receives a personalized service that truly meets their needs.

Our digital agency is committed to using the latest data and technology to help your business stand out. Whether you're looking to increase your online visibility, connect better with your audience, get more leads, or grow your online sales. For more information, read our Digital Strategy Blog or to start your journey with us, please feel free to contact us.

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