Wednesday, January 8, 2014

Wealth Marketing for Today's Consumer

Wealth management marketing today is much more about showcasing an expertise of the market than it is about creating a secret technique that is proprietary to yourself. Because of the wealth of information that is freely available on the Internet about investing, most investors are well informed about the strategies that they want to use to make money in the market. They simply do not have the time or the manpower to implement those strategies while trying to maintain a normal life - this is what you are there for.

What Does Today's Wealth Management Marketing Really Mean?

Wealth management marketing today is not just for retirement purposes. People are looking for the next level in life - they want to have the money for vacations, boats and a legacy for their beneficiaries. They know that life will be harder for future generations because of the diminishing impact of Social Security and Medicare and they want to prepare their descendants with hard assets and money.

Today's consumer expects a wealth manager to protect money and assets from the taxman in an estate account as well as provide wealth while the investor is living and able to spend. Many people are looking to take advantage of the lower tax rates of investment income so that they can retire early. However, most wealth managers do not advertise their services in this way, preferring the more traditional yet continually underperforming strategy of "somehow making money" for the consumer.

In order to get the clientele that you are looking for, you cannot treat the consumer like a blind sheep any more. The scales are off of the eyelids of the public ever since 2008. For the wealth manager who is looking to grow, the acceptance of this fact is absolutely necessary to incorporate into a marketing strategy.