Why Prospects See Advisers The Way They Do
Sales & Marketing for Professional Services & Value Proposition

Why Prospects See Advisers The Way They Do

May 25, 2018

by Tony Vidler  CFP logo   CLU logo  ChFC logo

I once listened to a good friend, who is also a client and a good centre of influence and an advocate, explain what I do to someone else.  It provided a shining example of why some prospects see us the way they do.


When my client & friend tried to explain to someone else what I do for a living as a way of positioning me positively it highlighted what a poor job I had done of explaining to him how I wanted to be seen.  I flatter myself perhaps, but I think I am generally better than most in articulating what I do, in terms of benefits for customers, and doing it in plain language that anyone can understand….or so I thought.


His explanation (not quite verbatim) was essentially: “he’s a financial planner and insurance broker and a consultant.  He helps you hide money from yourself really you so can’t spend it all…and can help your business do that too“.


I am sitting on the other side of the table listening and thinking “WTF? I don’t hide people’s money…in fact that’s illegal isn’t it?


My friend was putting his own interpretation into it of course; it was I suppose how he perceives that I have helped him.  His perception of benefits, together with his own choice of language, and enthusiastic pitch on my behalf all combined to transform my core offer and message into something which would probably get me into trouble with the authorities.


It reminds me of a legendary story going back to World War 1 of an English officer who realised that the enemy had withdrawn slightly in his sector presented him with an opportunity to attack relatively easily to exploit the error.  He sent a runner back to HQ with a verbal message:  “Send reinforcements, we are going to advance“.


The runner left with the instructions ringing in his head, and passed it verbally onto another person, who in turn carried the message onto another, and so on. Some 6 runners were involved apparently in relaying the message from the front lines and carrying this simple verbal request back to HQ which was about 5 miles from the front lines.


The message that was actually delivered to GHQ was: “Send three and fourpence, we are going to a dance“.


Baffled, they did nothing other than send runners back to find out what this cryptic message meant….and the opportunity was lost.


Each tired messenger, facing their own perils and physical hardships, passed on a huffing and puffing hasty message – with a slight variation.  Each new runner listened and heard the message their own way.  In relatively short order the message was completely altered to meaningless nonsense.


So it is with so many of our own marketing efforts, and coaching of clients.  We explain what we do to them. We actually do what we do for them personally, and they get to experience what it is we do.   When they try to articulate their experience and beliefs of what we do however our message changes.  IF they were impressive enough to convince their friends that we are worth talking to, and their friends in turn talk to others, the message about what we do and how we do it changes yet again.


Then we wonder why the prospects do not understand what we can do for them.  We wonder why there is a world of people out there with wildly differing views of what we do:

What financial advisers do


This experience of witnessing first hand how prospective customers come to see us the way they do despite the enthusiastic advocacy from a very happy client highlighted the necessity of creating written collateral (digital and physical) that succinctly says what we really do.


For our COI’s and advocates we also need to subtly coach them to use the words we want used – that we know will actually send the message that we want the market to hear.  We cannot leave it to chance.


Not if we want to control how prospects perceive us, and what it is we believe we can do for them.

You might also be interested in this related article:
Be More Valuable To Clients By Making It Easier
Get financial adviser coach blog updates via email.
Enter your email address to follow this blog and receive notifications of new posts by email.
Join 309 other followers

Facebook: 2831, Twitter: 13509, LinkedIn: 689

Follow tonyvidler on

Comments (1)

Leave a Reply