5 Social Media Tips for Financial Advisors

May 11, 2021 Share This 


Social_Media_TipsChances are, your clients and prospective investors are using social media. Are you? 

We’re not talking about personal accounts where you share family photos or a funny meme. Having a separate LinkedIn social media presence for your financial advisory services may help you connect with clients on a deeper level and extend your reach to help attract new ones.

Social media is where a growing number of people look for information. According to Pew Research, more than half (53%) of Americans prefer to get their news and insights from social platforms.1 If they’re looking for financial information, shouldn’t you be among those willing to offer it?

Social media is here to stay, so having a presence to represent your financial advisor role may help you grow your business. But there are some social media best practices for financial advisors.

1. Keep it Professional

LinkedIn is generally considered a professional networking platform, so sharing relevant investment tips, news and information is appropriate. It’s advisable to keep any personal social media accounts separate from your professional LinkedIn account.

In general, stick with thought leadership topics, practical financial tips and reputable links. But that’s not to say that every post needs to be business as usual. Celebrate holidays, share about community events or maybe even post that photo of your child’s team holding a tournament trophy. Find a balance and show your human side. However, refrain from engaging in highly personal and controversial or polarizing topics that might not reflect well on you or your firm. 

2. Remain in Compliance

Compliance risks associated with sharing information are another consideration. FINRA warns against sharing third-party hyperlinks that contain false or misleading content. By sharing or linking to specific content, it’s essentially telling the world that, when read in context with any statements made in the originating post, your firm has adopted and endorsed it.2

Relying on publicly available resources from various investment companies you represent may be the best bet. Their content has likely been vetted and passed their own compliance department’s scrutiny. It’s also a good idea to check whether your firm has a social media policy.

RELATED: View CUNA Mutual Group’s Complementary Resources

3. Join the Conversation

They’re called social “networks” for a reason. Social media not only helps you engage with your clients, it allows you to network with peers and learn from others in the industry. You can post questions to various LinkedIn private groups and forums to gain different perspectives and even share a few of your own insights, too. You’ll also see what topics resonate with others to serve as a conversation starter on your own feed.

When it comes to your LinkedIn account, it can be easy to take a set-it-and-forget-it attitude. Find your own rhythm for how frequently you want to post content, but start out with at least a couple times each week (or more if there’s something timely). You might want to schedule 15 minutes of your day to review your account and respond to any comments. A simple “thank you” or acknowledgement can go a long way and open opportunities for further discussion offline. 

4. Broaden Your Audience

Building a network may take some time. Start by connecting with clients and prospects you already know, and expand to include family members and friends who may be interested in the financial insights you share. A gentle ask for your followers to share content or invite others to join them can also help grow your audience. In general, avoid trying to connect with people you don’t know.

One way to quickly diminish your audience (and their trust) is by being overly “salesy” in your posts. Approach social media engagement with a helpful tone, and you’ll be much more likely to keep their attention and may even get the occasional referral. 

5. Remain Accessible

Accessibility is increasingly important in today’s culture. Clients, especially those who are younger, may prefer texting or private messaging rather than picking up the phone or emailing. Meet them on their terms and make it easy for them to get in touch with you.

Most social platforms include messaging capabilities, including LinkedIn, another way for prospects and clients to connect with you. During your annual review, encourage them to reach out to you in whatever way they prefer, and share an invitation to connect in your LinkedIn account.

If this all sounds daunting, remember that having a social media presence is meant to augment your client interactions, not replace them. Start by establishing some simple goals to get started. An even more important step prior to setting up a professional social presence or engaging with clients is to talk with your compliance department to know and understand any regulations your firm places on your overall social experience.

With changing technology and apps come changing behaviors. Check out our Behavioral Finance Approach (BFA) resources and guidance available through our trained and BFA-certified wholesalers.



1Pew Research Center, More than eight-in-ten Americans get news from digital devices, Jan. 12, 2021.
2FINRA, Regulatory Notice 17-18: Guidance on Social Networking Websites and Business Communications, No date.


Topics: Client Relationships