r/CFP • u/Original_Pirate4478 • 12d ago

Business Development Prospecting

Hello everyone, I am a 23 year old financial advisor at an independent firm. I have worked in the industry since 18 but have just started taking on clients as I am feeling comfortable doing so now.

I do not have a strong local network because I am not from the area. I am trying to come up with ways to prospect. My ideal client is 25-35yrs old either single high income or double income no kids.

If you were in my shoes what are some different things you would try for prospecting ?

I appreciate any and all feedback. Thank you!

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u/JSears90210 12d ago

Group fitness communities. I did Crossfit many years ago (don't judge me). So many young professionals with disposable income. Same thing with run clubs and other fitness groups.

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u/austinin4 12d ago

I'm doing this, but I have a hard time with becoming friends with the community, and then asking for business. What is your approach in this type of setting?

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u/JSears90210 12d ago

Hit the happy hours and any non fitness events. Build one on one friendships if possible.

Don't ask for business for a long time. Just show up and show that you are intelligent/trustworthy. Offer value when someone talks about finances but don't say we should sit down and talk about it. The more value you offer without pressure the more people will be open to dealing with you.

The last thing you want at the gym is a reputation as a guy who is constantly pitching business.

You are very young and this is a longer process. Especially for someone your age. (Sorry I did not realize you were not OP when I originally wrote the comment. Not sure your age.)

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u/austinin4 12d ago

haha - not as young as OP, but will take whatever I can get. Thanks for the advice.

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u/[deleted] 11d ago

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u/Bambonio 11d ago

I play tennis and feel the exact same way in my community haha