Useful Tools for Financial Advisors

For Financial Advisors, life is tough and a major reason for this is their nature of work. Here are some useful tools that can make life easy for financial advisors.

Today, a number of useful tools are available to financial advisors but before we discuss the available tools, it’s important to find out who financial advisors are and what exactly they do. Once you clearly know who financial advisors are and what they do, you can decide for yourself whether or not you need the tools meant for financial advisors.

A generic term, financial advisor doesn’t belong to any particular industry rather financial advisor is a term used for all types of financial planners, stockbrokers, insurance agents, tax preparers and investment managers. Though, to make things simple, financial advisors have been separated into the following two categories:

Financial consultants

The primary objective of financial consultants is working with clients to develop individualized plans for insurance, savings, retirement, and investments. The consultants spend most of their time marketing their business and recruiting new clients. Additionally, many financial consultants perform financial planning for businesses.

Investment advisors

The main purpose of investment advisors is giving investment advice to clients. Investment advisors give advice on stocks, mutual funds, exchange traded funds and bonds to people, and get compensation in return. In addition to giving advice, financial advisors provide a number of services to clients including income tax preparation, investment management, and estate planning.

Generally, the aforementioned people are the ones referred to as financial advisors. If you fall in any of the two aforementioned financial advisor categories, you can use the following tools to increase your efficiency and productivity.

Investor Watch Dog

hat rates advisors based on certifications, education, experience etc. Passing the screening makes you eligible for 5 -star registry, allowing you to get great exposure to potential clients and improve your prospecting efforts.


The easiest way to get stuff done, wunderlist is task manager app that you can use to your ideas, places to see, and things to do. A digital version of your ‘to-do’ list, wunderlist allows you to share tasks and collaborate across your practice. In short, wunderlist is an app that makes your life convenient.

The NestEgg Estimator

An excellent retirement tool, NestEgg Estimator allows you to do two things:

  • Get future estimate of the client’s finances

  • Break down the finances into taxes, assets, debt, and income

In the NestEgg Estimator, you can enter varying data. You’ll get detailed and more accurate results with greater inputs. Additionally, you can use this tool for various scenarios including changes in expenses, spending etc.


Using Hootsuite, a social media tool, you can post and respond to several social media platforms from one central location. An incredibly useful tool, Hootsuite allows you to plan social media posts in advance, which is probably the best thing about it. In short, Hootsuite is a tool that you cannot afford to ignore.

For financial advisors, life is tough and a major reason for this is their nature of work. By using the aforementioned tools, financial advisors such as you can make their life a whole lot easier.

April Salsbury, MBA is a strategist, an analyst, an operational guru, a recognized leader and C-suite global healthcare executive with drive and focus for competitive markets. Co-host of The Business Forum Show and regular contributor to various business journals, she possess multi-functional and multi-national competencies with more than 15 years experience in business and healthcare. Her expertise is in invigorating revenue growth and infusing value of lean practices in growing companies through improvements to cash flow and operations management.

Fueling revenue, growth and profit, Salsbury & a consultancy firm focused on helping businesses and healthcare organizations achieve excellency. Our specialists have executive experience combined with deep functional expertise to provide our clients with services that drive real impact and results.

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