At Nitrogen, we understand that not all clients are tech-savvy. Our platform is designed to be flexible and accommodating, ensuring everyone feels comfortable and confident with their investments.
Innovative Technology Solutions for Client Education 💡
Many of our advisors leverage Nitrogen in innovative ways to make clients feel secure and well-informed. The goal is to ensure that clients don't feel overwhelmed or at risk, while also maintaining thorough documentation of their decisions and thoughts. This approach often reduces the need for extensive email exchanges and written responses.
Getting Started: Engaging Clients with Their Portfolio 📈
Begin by providing your client with a Nitrogen printout of their current portfolio. This helps initiate a conversation about their comfort level with the portfolio and its six-month range. If the client is comfortable, make a note of this discussion and have them initial it to confirm their agreement. If not, explore alternative options together.
Tailoring the Risk Questionnaire 🧵
For clients who are uncertain about their risk tolerance, walk them through the risk questionnaire using the "Launch Now" feature in your office. If you already have a sense of the client's comfort zone, use the "Set A Riks Target" option.
Pro Tip: Read more about the various approaches to the Risk Questionnaire here: Capturing a Risk Number
Proactive Portfolio Stress Testing 💸
We recommend Stress Testing the portfolio before every appointment. Test for scenarios such as a 15% stock market correction and a spike in interest rates. This step is valuable for all clients, providing peace of mind and a better understanding of potential risks.
Enhancing the Client Experience with Technology 💻
For advisors, Nitrogen offers a robust way to document decisions, enhancing the advisory process. For clients, it provides a richer, more reassuring experience. In a world increasingly driven by technology, demonstrating how software can safeguard their investments and manage risks effectively will be a significant relief.
By making technology work for your clients, you can offer them a safer and more transparent investment journey.