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by Stephen Beach
on June 18, 2023

How Often Should Financial Advisors Contact Their Clients?

As a financial advisor, your primary responsibility is to help your clients achieve their financial goals. To do this, you need to make sure that you stay in touch with your clients regularly. But how often should you communicate with them? Is there a magic number or frequency that works best?
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Understanding the Importance of Client Communication

Communication is the cornerstone of any successful financial advisor-client relationship. Regular and open communication helps build trust, strengthens the advisor-client relationship, and ensures that both parties are always on the same page. It also allows the advisor to better understand the client's financial situation, goals, and risk tolerance, which is essential when creating a comprehensive financial plan.


Building Trust and Rapport

One of the primary benefits of regular client communication is that it helps build trust and rapport. When clients feel that their advisor genuinely cares about their financial success, they are more likely to remain committed to the relationship. By staying in touch regularly, advisors can add a personal touch to the services they offer, which can be especially important in the financial services industry, where emotions can run high.

For example, an advisor may send a personalized email to their client on their birthday or anniversary, congratulating them on their special day and reminding them of the progress they have made towards their financial goals. This small gesture can go a long way in strengthening the advisor-client relationship and building trust.

Addressing Client Concerns and Questions

Another critical aspect of regular client communication is the ability to address their concerns and questions. By staying in touch with clients, advisors can ensure that they are always available to provide advice, answer questions, or address any issues that may arise. This can be instrumental in helping clients remain calm and confident, even during times of market volatility or economic uncertainty.

For example, during the COVID-19 pandemic, many clients were concerned about the impact of the crisis on their investments and financial goals. Advisors who were in regular communication with their clients were able to provide reassurance and guidance, helping them navigate the uncertainty and make informed decisions.

Keeping Clients Informed on Market Changes

Savvy financial advisors know that their clients need to stay up to date on market changes and economic developments. By communicating the latest news with clients, advisors can help them make informed decisions about their investments, retirement planning, and other financial goals.

For example, an advisor may send a monthly newsletter to their clients, highlighting the latest market trends and providing insights on how these trends may impact their investments. This can help clients stay informed and make strategic decisions about their financial future.

In conclusion, regular client communication is essential for building trust, addressing concerns, and keeping clients informed. By staying in touch with their clients, financial advisors can provide personalized service, build strong relationships, and help their clients achieve their financial goals.

Factors Influencing Communication Frequency


While the importance of regular client communication is clear, there are no hard and fast rules when it comes to how often it should happen. Instead, several factors can influence the best frequency for communication, including:

Client Preferences and Expectations

Every client is different, with unique communication needs and preferences. Some clients may prefer frequent updates, while others may only want to hear from you quarterly. Understanding the unique needs and expectations of each client is critical when determining the right communication frequency.

For example, some clients may want to be updated on every small detail of their financial situation, while others may only want to be informed of major changes. It's important to establish these preferences early on to ensure that you're meeting the client's expectations.

Complexity of the Client's Financial Situation

Clients' financial situations can range from simple to extremely complex. Clients with more complex financial situations may require more frequent communication to ensure that they stay on track towards their goals. By contrast, clients with simpler financial situations may only need periodic updates.

For instance, a client with multiple investment accounts, properties, and assets may require more frequent updates to ensure that all of their financial affairs are in order. On the other hand, a client with a single retirement account may only need updates once or twice a year.

Regulatory Requirements and Industry Standards

Financial advisors must comply with various regulatory requirements and industry standards when communicating with their clients. These standards can specify the minimum communication frequency or the type of information that must be provided. Advisors must be aware of and comply with these requirements to ensure they are in good standing with regulators and their clients.

For example, the Securities and Exchange Commission (SEC) requires investment advisors to provide clients with a brochure that outlines their services, fees, and conflicts of interest. Advisors must also provide clients with regular updates on their investment performance and any changes to their investment strategy.

Advisor's Communication Style and Business Model

The communication style and business model of an advisor can also influence the frequency of client communication. Some advisors may prefer to communicate via email regularly, while others may prefer to hold in-person meetings. Advisors must communicate in a way that works best for them while also taking into account the preferences and expectations of their clients.

For instance, an advisor who primarily works with younger clients may find that their clients prefer to communicate via text or social media. In contrast, an advisor who primarily works with older clients may find that their clients prefer more traditional forms of communication, such as phone calls or in-person meetings.

Ultimately, the key to determining the right communication frequency is to understand the unique needs and preferences of each client. By doing so, advisors can build stronger relationships with their clients and help them achieve their financial goals more effectively.

Different Methods of Communication


Effective communication is a critical component of any successful financial advisor-client relationship. Communication frequency and method play a crucial role in maintaining healthy relationships and achieving clients' financial goals. Here are some additional details on the different methods of communication:

In-Person Meetings

One of the most effective ways of communicating with clients is through in-person meetings. These meetings provide an opportunity for financial advisors to build a personal relationship with their clients, understand their needs, and provide customized solutions. In-person meetings also allow advisors to review clients' portfolios, discuss complex financial topics, and outline financial plans in detail. During these meetings, advisors can also answer any questions clients may have, provide reassurance, and offer guidance.

Moreover, in-person meetings enable advisors to observe nonverbal cues such as body language and facial expressions, which can help them better understand their clients' concerns and emotions. This information can be valuable in developing a personalized financial plan that aligns with clients' values, goals, and risk tolerance.

Phone Calls and Video Conferences

Phone calls and video conferences are other popular methods of client communication. These methods are especially useful when clients need quick updates or have specific concerns that require immediate attention. They are also effective for clients who are unable to attend in-person meetings due to geographical constraints or health issues.

Phone calls and video conferences provide real-time communication, allowing advisors to address clients' concerns and answer their questions promptly. These methods also enable advisors to provide reassurance and guidance during times of market volatility, economic uncertainty, or unexpected life events.

Email Updates and Newsletters

Email updates and newsletters are an excellent way to communicate with clients who prefer digital communication. These methods can be especially useful for sending routine updates, sharing news articles or market updates, or promoting other relevant financial resources. Advisors can use email to provide clients with helpful tips and advice on financial planning, retirement planning, tax planning, and other relevant topics.

Moreover, email updates and newsletters can help advisors stay top of mind with their clients and build brand awareness

Social Media and Online Platforms

Social media and online platforms are increasingly popular methods of client communication. These platforms can be used to share relevant financial news, engage with clients, or promote other resources. Advisors can use social media to educate clients on various financial topics, answer their questions, and provide timely updates on market trends and economic news.

However, advisors need to be careful to maintain professional boundaries and avoid sharing any confidential information. They should also ensure that they comply with regulatory requirements when using social media and online platforms.

In conclusion, choosing the right communication method is crucial for building and maintaining strong relationships with clients. Financial advisors should consider their clients' preferences, needs, and circumstances when selecting a communication method. By using a combination of different methods, advisors can provide their clients with the support, guidance, and advice they need to achieve their financial goals.

Establishing a Communication Schedule


Establishing a communication schedule is a crucial part of maintaining a healthy relationship with your clients. Once you have determined the right communication frequency and method for each client, it's essential to establish a communication schedule that works for both parties. Here are some of the most common communication schedules:

Annual or Semi-Annual Reviews

Annual or semi-annual reviews are a popular way to keep track of client progress and ensure they remain on track to meet their financial goals. These reviews can be used to revisit financial plans, update investment portfolios, and discuss any changes in the client's life situation.

During these reviews, you can discuss any changes in the client's financial situation, including any new sources of income or expenses. You can also evaluate the performance of their investment portfolio and make any necessary adjustments to ensure that they remain on track to meet their financial goals. Additionally, you can use these reviews to identify any potential risks or opportunities that may arise in the coming year.

Quarterly Check-Ins

Quarterly check-ins can be useful for clients who require more frequent updates or who have more complex financial situations. These check-ins can include brief telephone conversations, video conferences, or in-person meetings.

During these check-ins, you can provide clients with updates on their investment portfolio and discuss any changes in their financial situation. You can also use these check-ins to address any questions or concerns that the client may have and provide them with guidance on how to navigate any financial challenges that may arise.

Monthly Updates and Market Commentary

Monthly updates and market commentaries are useful for keeping clients informed of important market changes or economic developments. These updates can be sent via email or posted on social media and can provide clients with valuable insights into market trends and economic news.

During these updates, you can provide clients with a summary of the current state of the market and any significant developments that may impact their investment portfolio. You can also use these updates to provide clients with guidance on how to navigate any changes in the market and make informed investment decisions.

Ad Hoc Communications for Time-Sensitive Matters

Finally, advisors may need to communicate with clients on an ad hoc basis to address time-sensitive matters, such as market volatility or economic uncertainty. These communications may take place via email, phone, or video conference and should be handled promptly to ensure clients remain informed and confident about their financial plans.

During these communications, you can provide clients with guidance on how to navigate any challenges that may arise and offer reassurance that their financial plan is designed to weather any market volatility or economic uncertainty.

Overall, establishing a communication schedule is an essential part of maintaining a healthy relationship with your clients. By providing regular updates and guidance, you can help your clients feel confident and informed about their financial plans and ensure that they remain on track to meet their long-term goals.


Regular and effective communication is essential to building and maintaining strong financial advisor-client relationships. When determining how often advisors should communicate with clients, various factors need to be considered, including client preferences and expectations, complexity of the client's financial situation, regulatory requirements, and communication methods. Advisors must establish a communication schedule that works best for their clients and their business model and remain consistent in their approach to ensure clients remain informed and confident throughout their financial journey.