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As a wealth manager, one of the most valuable assets you have is your existing client base. These clients trust you with their financial goals and aspirations, making them ideal ambassadors for your services. By activating your client base and making it easier to generate referrals, you can tap into a powerful network of potential new clients. Here are some actionable tips to help you achieve just that.


Provide exceptional service: This one is a no-brainer. But it still needs to be said. The first step to activating your client base is to ensure that you’re consistently delivering exceptional service. Focus on building strong relationships, understanding your clients’ needs, and going the extra mile to exceed their expectations. Satisfied clients are more likely to refer their friends, family, and colleagues to you.


Ask for referrals: Don’t be afraid to directly ask your clients for referrals. If you’ve built a solid relationship and delivered value, most clients will be more than willing to refer others to you. When the timing is right, tactfully request referrals and explain how their support can help you continue providing excellent service.


Stay connected: Use marketing tools like Escapes + Experiences magazine, social media, and events to stay connected to your clients, even (especially!) outside the context of day-to-day business. The Escapes + Experiences personally branded magazine highlights travel, leisure and luxury – topics your clients LIKE thinking about. Look for ways to meet your clients where they live – not just in your office. By doing this, you’ll stay top of mind with them and increase your potential to get referrals from your clients.


Cultivate strategic partnerships: Collaborate with professionals in related fields, such as accountants or estate planners, to establish strategic partnerships. These partnerships can lead to cross-referrals, allowing you to tap into their client base while offering additional value to your existing clients. Don’t just “try to network” with this group – put together a strategic plan. Or include them in gift marketing communications (like Escapes + Experiences magazine).


By activating your client base and leveraging their trust and satisfaction, you can generate a steady stream of referrals and expand your network. Remember, the key is to consistently provide exceptional service, put strategic marketing plans and partnerships in place, and proactively ask for referrals. With these strategies in place, you’ll be well on your way to unlocking the full potential of your existing client base.