5) Take on board stock recommendations
Some of our most successful clients have done very well simply by responding positively to our buy recommendations. Whilst not all recommendations pan out as anticipated, many have resulted in significant gains and more than made up for the losers. What usually works best is when our client is sufficiently engaged in the company’s progress so we can talk about the company and discuss the eventual exit strategy.
6) Get on the same page
When making an investment, certain things worth discussing with your broker are. Is this a short or long term investment, how risky is the opportunity, what are the potential catalysts that could send the stock higher, what happens if something goes wrong with the investment and thus what is the exit strategy in the event of success or failure. These discussions help align expectations – as well as establishing a harmonious partnership in which all parties can feel comfortable knowing what is likely to occur whilst holding the investment.
7) Don’t pay for a full brokerage service and not use the resource
Clients that don’t use their stockbroker as a valuable resource usually have made their own calls and done minimal research about their investment, and they aren’t interested in changing their minds. Hard to engage with, they are more in danger of losing wealth and blaming the broker.
8) Make sure you are on the correct mailing list
Being more involved and receiving the latest news is important !t Ensure that you are on the best buys list, the short term trading list, the IPO list, etc.
9) Get on the phone
Unfortunately a sad part of stockbroking is that often clients show little interest in learning more and, as a result, don’t make up a significant revenue stream leading to them often sitting, unnoticed for months if not years, on a broker’s client list. If you think you may be this type of client it is time to re-engage : It’s never too late to establish a better relationship with your advisor and let him or her know that you want them to be involved.
10) Educate yourself with our helpful resources
We have initiated improvements recently in our communication strategy at Landmark Financial that aim to re-engage with our clients and provide them with relevant insights to help them with their investment decisions. We are working on establishing a new insights section with our latest recommendations and market news. We have also improved our email platform to will allow faster and more effective communication with you when trade ideas and market news is sent out.