Elements, a platform that helps financial advisors save time serving clients, today announced the successful completion of its second cohort of advisors who are trained to launch their own subscription models. All of the participating advisors, as a result of Elements, now have a new way to serve clients they never anticipated they could reach.
As the year begins and advisors explore ways to attract additional clients, Elements offers comprehensive training and resources that enable them to effectively serve clients with limited assets under management (AUM), all while saving time and resources. A key feature of this program is the Elements Financial Vitals System, which allows clients to input their financial data into a user-friendly mobile application and generate a scorecard. This scorecard provides a standardized, objective way to define, measure, and monitor financial health, equipping advisors to dramatically reduce time spent preparing for meetings and helping clients understand their finances. By utilizing the Elements app, clients can actively monitor their financial well-being, while advisors can promptly respond to client queries and proactively identify potential financial concerns in addition to showing client progress beyond investment returns.
“We at Elements have been singularly focused on ensuring more people have access to financial services; these subscription models we are helping advisors foster are the embodiment of our mission,” said Reese Harper, CFP, chief executive officer at Elements. “Catering to lower-asset clients not only fulfills a crucial need but also helps advisors cultivate a growing client base, which is essential for their long-term success.”
Capturing next-generation clients has eluded the majority of advisors to date. Cerulli Associates found that only 19 percent of investors work with their parents’ advisor. To address this industry-wide dilemma and ensure advisors remain in the forefront as the Great Wealth Transfer unfolds, innovative solutions have become imperative.
Elements’ six-week mastermind series is designed to facilitate comprehensive discussions on industry best practices. Through this program, financial advisors gain the knowledge and skills necessary to seamlessly incorporate a subscription model into their workflow. Early feedback from advisors like Brandon Galici, CFP, an Elements ambassador and leader of its mastermind group, has been highly encouraging.
Galici remarked: “The outdated notion that only the wealthy can benefit from advisors overlooks the crucial role we play in nurturing financial growth and stability. The Elements-based subscription model expands access to expert financial advice and optimizes my workflow, allowing for more focused and effective client interactions. It’s a win-win: clients gain access to sound financial guidance and advisors can achieve sustainable practice growth.”
In addition to Galici, the following are the advisors who have created or are developing subscription models thanks to Elements:
- Bobby Aborn
- Erik Baskin
- Grant Botma
- James Carlson
- Amanda Cram
- Connor Creekmur
- Richard Eddy
- Charles Feehely
- Garrett Harper
- Anthony Hernandez
- Angela Johnson
- Mike Johnson
- Jake Norton
- Spencer Rose
- Jared Tanimoto
- Jason Taylor
- Alex Wasiunec
Advisors can book a demo of Elements here.
About Elements
Elements is a financial vitals system for financial professionals to demonstrate their value quickly and save time serving clients. Financial professionals use Elements to accelerate their marketing content creation, onboarding, meeting prep, and time to value; making it possible to scale their impact beyond traditional limits. Elements distills the complexity of a potential client’s financial life into simple, comparable, financial ratios that expose the value of professional guidance in a fraction of time. For more, visit getelements.com.
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