5 Benefits of Becoming a Virtual Financial Advisor

We live in an increasingly digital world. All you need is a smart device to have access to countless digital tools. With the touch of a few buttons, you can send a quick text to a friend. By downloading an app, you can video call a family member located across the country. With a social media account, you can connect with people from all around the world.

Digitals tools have truly transformed how we foster friendships and cultivate relationships, but this technological era has also changed how we manage business interactions. As a society, we seek more and more virtual services, even the virtual services of financial advisors.

When You Work as a Virtual Financial Advisor

For decades, financial advisors have offered their services either in-person or over the phone. And while these methods are still used today, advancements in technology have brought about new ways to share financial advice.

If you are a financial advisor, have you made the virtual jump to only operating your business remotely? If not, what is holding you back? Why should you become a virtual financial advisor? Check out these five reasons why going virtual could be the best decision for your business.

#1 – Virtual services are not limited by location

One of the primary perks of working as a virtual financial advisor is the fact that you can help anyone, anywhere. You are not bound by the need to be physically present at a certain location, nor is your client. You can simply log into a video conference wherever you have cell service or internet access. It doesn’t get much easier than that.

#2 – Virtual services increase your profitability

Being tied down to an actual address forces your clients to be within close proximity to that location. If you want more clients (which equates to more profits), working remotely removes those location restrictions from the equation. When you are restricted by a physical address, so are your current clients or any potential ones.

#3 – Virtual services are time efficient

Has a traffic jam ever made you late to a business meeting? If so, you aren’t alone. Traveling to and from meetings is time consuming, and adding in a traffic back-up can offset the timing of your entire day. Not to mention, your client could be the one caught on a congested freeway. Their delay then becomes your delay.

On the other hand, virtual services are not controlled by the flow of traffic. Video conferences don’t rely on the ease of your morning commute. You might be surprised at just how much time you get back in your day when you don’t have to sit in your car to get to a destination.

#4 – Virtual services save you money

Virtual services not only save you time, virtual services cut down your work expenses as well. As a virtual financial advisor, you can work from the comfort of your own home. No need to calculate gas money into your budget. No need to fork out a rent payment for office space. From big expenses to small expenditures, you will notice a difference in your personal finances and business costs when working virtually.

#5 – Virtual services give you control

When you work as a virtual financial advisor, you can make your workspace whatever you want it to be. You can alter your work/life balance as you see fit. You can even remain in your pajamas while you conduct some financial research for a client. In fact, you may discover that you are more productive as a virtual financial advisor than a traditional one. Virtual services give you the ability to shape your day in a way that is not possible with in-person services.

The Impact of Virtual Services

Decades ago, the idea of meeting a financial advisor online would have been as scary as meeting a dark, cloaked figure down a dark alley in order to complete a financial transaction. It was such a foreign concept to trust an individual from an online forum. Clients only wanted to meet their financial advisor face-to-face or nothing at all.

Nowadays, virtual services are in high demand. Clients want to utilize the ease and accessibility of remote meet-ups. They don’t want to spend the gas money or fight those traffic battles any more than you do.

Moreover, the availability of virtual services has changed the dynamics of the entire financial landscape. Let’s say you are a virtual financial advisor that specializes in a specific area of wealth management, and let’s say you are highly sought-after due to that speciality. Because you can meet with clients located anywhere around the globe, you have the power to impact more people than ever before. The expansive reach of the World Wide Web means you can share your unique knowledge and distinct skills outside the scope of what a traditional financial advisor can accomplish.

All in all, virtual services increase the value of financial advisors. Thanks to digital tools, more individuals wanting financial direction now have access to credible advice from qualified professionals.

Are you interested in becoming a virtual financial advisor? Connecting with a financial advisor business coach is a great starting point. Top financial advisor coaching programs are designed to give financial advisors tips and tools to succeed, even in this increasingly digital world.