First, Ask Top Clients About Their Anxiety Level

Second, Identify Anxious Prospects

To uncover your clients’ anxious contacts, who could benefit from speaking with you, ask this related question: “I’m sure you’ve talked to a lot of people about the market’s volatility. Do you know anyone whose anxiety is at a level 10?” Or, you might ask: “Is there anyone you know who’s very anxious, unsettled, or especially distressed by what’s happening in the markets?”

The names your client reveals can be your prospects. So how can you connect with them?

Third, Request A Connection

Ask your client about the anxious person they identified. You could say: “Are they doing OK? I’ve helped people through challenging times before. I know things can take a toll. I’d be happy to have a conversation with them about their concerns.” Or, you could ask, “What’s the best way for me to connect with them?” You may find that clients are more than willing to help because they like you and they want to help their friend or family member.

Keep in mind that using this strategy is a numbers game. Don’t expect significant results from a single call. The more clients you reach out to, the greater the probability of positive results.

“Will My Client See This As A Manipulative Strategy?”

Because of your experience and expertise, you’re uniquely qualified to help investors create a financial plan and guide them to achieve those goals. Sure, it’s possible that a client might perceive you asking about their friends’ or family members’ concerns about the market as being “salesy.” But it’s more likely that they’ll appreciate your efforts to help people they know, especially if you’re prospecting with sincerity and skill.

Remember Three Things About This Referral Method

First, begin by asking a few of your top clients about their level of concern about current market conditions. Next, ask if they have any friends or family members who are highly concerned about the market. The people they identify may be prospects you can help. Third, ask your client about the best way for you to connect with their friend or family member.

When Anxiety Is High, The Potential For Mistakes Is Also High

During past periods of volatility, you’ve probably had to encourage clients to stick to the plan and help prevent them from making investment decisions they’d later regret. Without expert guidance, your clients’ friends and family members who are anxious about volatility are at risk of making investment mistakes. Asking about their levels of concern gives you a way to find clients’ contacts who are most at risk and provides an opportunity for you to offer help.