Some financial advisors set asset minimums for new clients, which can make it challenging for those just starting to grow their wealth to receive guidance. However, many advisors recognize the importance of serving clients at all stages of wealth building. Strategies include offering educational resources, virtual consultations, and tiered service models that allow advisors to work with clients who may not yet meet minimums but are motivated to grow financially.
For advisors, helping clients below the asset threshold can build long-term relationships, often leading to loyal clients as their wealth grows.
For more insights, you can read the full article on The Wall Street Journal’s website.
