Does Fact-Finding Break Trust or Make It?

The main purpose of a financial advisor’s initial meeting with a prospect, as it’s currently conducted, is to gather facts and information that will help the advisor create a financial plan for that high net worth prospect, Ari Galper writes in Advisor Perspectives,.  Problem is, Galper points out, in any sales context, until the prospect feels in their gut that this advisor is the one for them — that there’s something more to the process than just “running the numbers”, nothing is likely to happen. That’s because, Galper asserts, being cross-examined is the opposite of trust-building. What’s more, he says, contrary to what many marketing gurus teach, prospects’ ultimate decisions are not driven by information but by emotion.

This insight translates into content marketing in two important ways: 

1. Offering little-known explanations and citing statistics that explode common myths is a good way to engage online readers’ attention, offering business owners and professional practitioners the chance to showcase their own knowledge and expertise in interesting ways. The fly in the proverbial “ointment” is that people don’t like to be proven wrong. The skill lies in engaging interest, but not in an “I’m-the-expert-and-you’re-not” fashion. Allow for the fact that anyone might reasonably have come to an incorrect conclusion before becoming aware of the facts you’ve now provided.

2. While Galper stresses that in a financial advisory setting, trust-building questions need to precede fact-finding queries, when it comes to online content marketing, the process is reversed. The “fact-finding”, accomplished by having content writers gain an understanding of the target audience, comes first.  Only then can the content in an article, newsletter, email, or social media post result in a “meeting” of business owner and reader “prospect”. In content marketing, you have have to know your target audience before asking them to take action. Consider age, gender, nationality, where your target readers “hangs out”, what they read and watch, and what they’re saying on social media, in interviews and in focus group.  What causes do they support?

For financial advisors at an initial interview with a prospect, putting fact-finding first can break, not make for, trust. For content marketers, fact-finding before-the-fact allow the creation of the “right stuff” for the “right readers”.