6 Social Media Best Practices for Financial Advisors

As a financial advisor, your firm likely uses social media to connect with clients and attract new ones. But are you seeing a return on your investment? Is your firm’s social media content reaching your intended audience and helping you stand out in a sea of other advisors? And if it’s not, how can you fix it to maximize your reach and amplify your firm’s brand?

Fortunately, there are a handful of social media best practices you can use to enhance your online presence and attract the right kind of attention to your business. My colleague Becky Lerner and I cover six social media best practices for financial advisors below.

1

Be Yourself (Mostly)

In addition to following you on social media to learn more about you, people also want to see if you’re the right fit for them. They want to feel like they’ve found something interesting, useful, and relevant to their specific needs.

When curating your company’s online presence, here are a few helpful focus areas:

Lean into authenticity

In a world full of AI-generated content and retouched images, it can be easy to get obsessed with presenting the most polished version of your social content. Sometimes, this can come off as stuffy, overly manicured, or impersonal, especially on a business account that tends to lean more formal. What social media users don’t want to hear is solely about your services or be “sold” to directly. They also aren’t looking to consume anything off-putting or controversial.

One thing AI can never be is you. Edit your social media posts to use words that sound like a real human in your firm’s social media posts. An authentic tone will resonate with your audience and provide some much-needed legitimacy on their social media feeds.

Think before you post

It’s important to “Measure twice, cut once” when posting on your firm’s social media channels. Edit your posts and messaging through a prescriptive and critical eye. Here are some key questions to consider:

• What is my key message and intention in this social media post? Is it appropriate for my company profile (e.g., Facebook versus LinkedIn)?

• Am I being mindful of my audiences’ needs without focusing too much on selling?

• Is my post projecting humility, authenticity, authority, and professionalism all at once?

• Am I asking for interactions with and feedback from my audience (e.g., “Comment below” or “Follow our page”)?

Keep tone top of mind

Remember, these are social media business accounts versus personal accounts. It’s a fine line between presenting your firm’s unique, interesting perspective and oversharing.

If you’re uncomfortable putting too much social media content out there, take baby steps. Start by introducing yourself, your team, and your mission and values. Make sure you use pictures when mentioning yourself and your team! They should be professional, personable, and fun.

2

Keep It Conversational with Your Audience

Posting on social media about timely topics and tying them back to your firm’s value proposition can be a great way to engage your audience and stay relevant.

If you’re looking to show off some personality and cut through the social media clutter, try your hand at making memes or videos that will grab attention in all the right ways. For example, you could create memes and post them from your account pages to speak to your audience with a sense of humor and levity when appropriate.

Remember to be mindful about weighing in on polarizing issues. Steer clear of controversial topics—if you must say something, make sure it’s a unique, on-brand perspective that emphasizes your viewpoints, insights, and expertise.

Who’s Doing Social Media Right?

Below are a few unique, inspirational examples of staple brands that execute their social messaging successfully. Even though all three examples are from different industries with vastly different audiences, they all do the same things well.

• Nike arguably has one of the most memorable catchphrases of all time, and the brand is “just doing it” on social media, too. Its presence is strong, with high-quality visuals and a focus on real people and their authentic experiences.

• Diptyque emphasizes its long-time heritage and passion for perfumery craftsmanship in its florally focused (and possibly fragrant?) social media feeds. This is a great example of how to successfully represent your brand visually without an overtly sales-y tone.

• The Wall Street Journal has stood the test of time for many reasons, including its ability to take its brand and adapt to digital and video formats. The publication has successfully embraced new trends and stayed in touch with what the public wants.

3

Customize Your Content Based on Platform

You wouldn’t necessarily speak to your grandma (Facebook, that’s you!) the way you would talk to your old college roommate (we’re looking at you, Instagram), would you? The same rules apply to your firm’s social media channels. Cultures and expectations vary by social media platform, and you’ll want to give your followers a reason to connect with your business in multiple places.

It’s important to understand that your tone may look different depending on the platform you’re using. LinkedIn will usually showcase the most professional content (e.g., a professional headshot and references to a new study you want to share with your firm’s followers). Facebook, however, may include more casual jokes, office updates, community event promotions, and the occasional family photo or holiday Christmas party picture when appropriate.

It’s also a good idea to periodically cross-promote reasons to follow your firm on different platforms so you can continue to enrich your relationships.

You don’t want to post simultaneously on all your platforms, but you can streamline your content strategy efforts. For example, an infographic that you post on Facebook can be turned into slides on Instagram as a gallery post for a later date.

4

Choose the Platform That Works for Your Business

It can be challenging to successfully execute social content on multiple platforms. So, if you’re thinking of choosing just one, go with LinkedIn. It’s the primary platform for financial advisors for several reasons:

• It serves as a “second” website (in addition to your firm site) in Google search results and as a billboard of information about your firm.

• You can post less frequently and still be relevant.

• It’s the most efficient way to reach working people and enhance your professional network.

• It attracts new clients, employees, and business partners.

LinkedIn could serve as your firm’s only social platform. Based on your goals, though, you may have a fairly static LinkedIn company page and choose to be active on a different platform. No matter what you decide, choose a strategy and stick to it for at least six months to test it out.

5

Reuse, Repurpose, and Recycle Your Social Content

Social media requires fresh content on a regular basis, preferably daily, but a minimum of three times per week will do to start. Whether you hire an outside agency or do it yourself, there is a cost to maintaining your social content. Shortcut anyone?

Here are a few ideas:

• Share an old post that is relevant again—people love a throwback.

• Better yet, share an old visual with new text!

• Turn a blog post into snackable social media posts.

• Trim a video or webinar and post a snippet on social media; post the full-length video on YouTube, Vimeo, or your website.

• Create one-message graphics using a tool (e.g., Canva or Adobe Express) to highlight an important reminder or surprising fact.

• Share key takeaways, slides, and photos after holding webinars and events.

6

Set Social Media Goals and Measure Performance

To determine how you’re doing in your social media efforts, you’ll need some sort of measurement. That way, you can see what’s working (and what isn’t) and adjust your strategy if necessary.

Focus on the most important metrics, then tackle them one social media channel at a time. These include:

• Impressions, or the total number of times your social content was seen, which includes multiple views from individual viewers

• Engagement rate, or the average number of interactions your social media content receives per follow

Profile growth and followers are often over-hyped metrics that will happen with time and should not be overly analyzed when it comes to the progress of your firm’s social accounts.

Your long-term goals may (and should) be a combination of all of these. You can use reporting metrics within individual platforms (e.g., LinkedIn, Twitter, Instagram, and X) for information about individual post performances, audience, engagement rates, shares, and more.

Is Your Social Media Content Ready for an Upgrade?

Whether you’re looking for a social media refresh or you’re experimenting with a new approach, following these social media best practices can help increase your confidence and your audience.

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Editor’s note: This article was originally published in September 2021, but we’ve updated it to bring you more relevant and timely information.