Skip to main content

Client Attraction? Try Prospect Repelling

By August 8, 2016September 11th, 2023Featured, Marketing
Your guide to scare away pests and take back your financial planning practice

How many times have you heard that you must define exactly whom you want to attract in to your financial planning practice so you know where to direct your client attraction resources?  That concept is the foundation of every marketing program I teach, every coaching discussion I have, and any event I host.

Without absolute clarity on the type of person you want to intrigue with your marketing resources, how will you be able to market your financial planning practice effectively? How will you know what content to share, which opportunities make sense, and whether a partner is a good fit? How do you know if you should say “yes” to working with a potential client?

As essential as this perfect client avatar is, the opposite may be even more critical for your overall wellbeing.  Have you articulated the type of clients you DO NOT want in your practice?  I know this approach may feel ‘negative,’ but this exercise actually frees up more positive energy!  Try it and see…

Forget Client Attraction; It's time to Repel Pests

It’s time to repel pests who chew up your resources!

Answer these questions to define the clients you don’t want to attract:

  • Who are those folks you want to repel?
  • Who are the ones who make you cringe when you have a meeting or a phone call scheduled with them?
  • Who are the ones who take over your practice, drain your resources and deplete your goodwill?
  • Which clients suck the life force from you?

Sometimes these clients can take away more of your energy than ideal clients give you. And that’s not right. You’re in business for yourself for a reason, and you aren’t required to work with anyone who comes through the (virtual) door.   You get to choose whom you want to help, and you get to say no. When you’re clear on the “no way!” candidates, you can quickly dispose of the inquiry and focus on serving more of the people who appreciate you.

If you’ve had your practice a while, you probably have a few people who come to mind immediately who fall into this category. Maybe you’ve already fired them, or maybe you dream of doing so (so get on and do it!).

List out all of the characteristics that describe these people. If you’re stuck, jot down characteristics of your favorite clients. Then, write the opposite trait next to that (I like to use’s antonyms when I’m stuck). For example, if you love the clients who are “engaged and energized by life,” then write down, “uninvolved, views life as challenge” as a negative descriptor. The latter client will make you work harder, probably to no avail, as you try to spark their latent curiosity.

Once you complete your list, highlight the top 3 or 4 traits that encapsulate the essence of this person. As clear as you are about your ideal client, make your repellant description equally as precise.

Write you statement with authority beginning with a strong statement such as “Under no circumstances will I work with…” or “I will never take as a client a person who…”

While I never articulated in writing the prospects I wanted to repel when I had my financial planning practice, I completed this exercise for my marketing training business to accompany my Ideal Client depiction.  Here’s my “repel” description (and I trust it’s not you):

I will under no circumstances work with advisors who drain me, who want a quick fix, who nickel and dime, who lack a service clients value, who don’t want to implement, who are resistant to learn direct marketing, who won’t market online, who are slick deal makers or big talkers, who focus on risks and obstacles rather than possibilities, who can’t appreciate the journey.Kristin C. Harad, CFP®

Keep the description you write nearby. When you receive your next inquiry, you’ll know right away if you have a prospect or a pest.

Schedule A Call
415-251-5941 | [email protected] | + posts

Kristin is a CERTIFIED FINANCIAL PLANNER™ professional. Managing her own firm, she grew it from zero to six figures in less than three years, completely from scratch. In 2014 Kristin transitioned full time into training and coaching, where she now helps independent financial advisors to grow their firms.

Leave a Reply

Grow faster and do more of what you love.