Conducting effective client reviews is especially important during periods of market uncertainty.
Let this be your roadmap.
The 3 P's of effective reviews
There are three key ingredients to effective client reviews: Perspective, Process and Poise.
Perspective
Help clients gain perspective on world news, market headlines, and the value of working with an advisor.
Read transcript of audio recording.
Process
Walk your client through your client-centered wealth management process, their plan and portfolios.
Poise
Be intentional about the words you use, and remember to authentically ask, listen and empathize throughout your meeting.
Preparing for the review
Any good review—especially during volatile markets—requires advance preparation. Gather and reflect on the following to help your review go smoothly.
Gain perspective
World events
Market Developments
The value of your relationship
- Value of an advisor
- Value of an advisor blog posts:
- Podcast resources:
Articulate your process
Prepare your talk track
- Review the key tenets of excellent client discovery
- Listen to sample talk track to walk a client through the roller coaster of emotions and identify where they currently plot on the cycle
- Explore the interactive Cycle of Investor Emotions
Challenging Conversations Guide
Review goals
Implementing a defined framework for discovery into your wealth management process provides a distinct opportunity to build deeper relationships with your clients. Be sure to review clients’ goals, circumstances and preferences, and financial plan at each meeting.
Talk to Russell Investments about our unique discovery process
Review portfolios
Review portfolios and alignment with client's plan. Reflect on what's working and what isn't. Do you need to consider any changes?
Also: Please contact your dedicated Regional Team for a copy of the Client Engagement Roadmap Guide.
Practice poise
Determine meeting format
Consider whether the meeting will take place virtually or in person. If virtual, have a team member reach out to the client the day before the meeting to offer a technology dry-run.
Review our best practices on how to use technology effectively
Send the agenda
Send the agenda to your client at least 3 business days before the meeting. Include written instructions on how the client can access the virtual meeting technology.
Conducting the review
You’re prepared! Be confident and remember to authentically ask, listen and empathize throughout the meeting.
Review the agenda
Walk the client through the meeting agenda. Make adjustments based on client's feedback and emotional state.
- Perspective. Share your perspective on the current world events, market developments and the value of a relationship with a trusted advisor like you.
- Priorities. Walk your client through a re-discovery process
- Process. Review the client's plan, tying it to their priorities and the re-discovery discussion you just had. Articulate and review product alignment and recommendation: Stay the course or make changes.
Articulate next steps
Schedule the next meeting. For top clients, consider introducing a Client Engagement Roadmap (Please contact your dedicated Regional team for access to the Client Engagement Roadmap Guide)
Make yourself available
Offer to talk to your client's concerned family members and friends.
After the review
You have finished the actual review meeting—but there are some important follow-up items to complete to ensure a good experience.
Follow up email
Within 48 hours, send a follow-up email summarizing next action steps. Consider also including:
- Link to latest Investor Newsletter
- Links to client-approved market perspective podcasts
- For top clients, consider also creating a custom Engagement Roadmap to help the client visualize the trajectory of their relationship with you and execution of their priorities (Please contact your dedicated Regional team for access to the Client Engagement Roadmap Guide)
Implement the next steps
Communicate
Keep client informed as next steps are completed
Quarterly review materials
Use these documents to help you prepare for your quarter-end conversations with clients.
Product reports
Other client-ready materials
Economic & Market Review
Create context for your clients when discussing portfolio performance in light of recent market events with this popular download.
Investor Newsletter
This quarterly newsletter explores timely investment topics and retirement strategies for investors.
Insights from Russell Investments' experts
Economic and market commentary that provides context and perspective
Global Market Outlook
Each quarter our investment teams summarize their economic outlook for you to read and share.
Market Week In Review
Each Friday our investment professionals produce a concise look back at important market drivers and events of the past week
Asset Class Dashboard
We've identified key economic and market indicators to assess the current economic health and trends.
More resources
Consider ways to elevate your client reviews & stay up-to-date on product and manager changes
Elevate client experience
Your ability to institute WOW impressions is the best way to increase loyalty and turn clients into a marketing resource.
Product changes
Stay up-to-date on the latest changes to our investment solutions.
Manager updates
Access recent notices as well as archives of money manager and strategy changes for Russell Investment Company Funds.
Advisors, ready to take the next step? We're here to help.
Request a meeting
We'd be honored to work with you. Let us know how you want to meet and we will connect with you.
Create a proposal
Moving to a tax-managed portfolio can be complicated. Our Multi-Asset Portfolio Builder tool can help.
Fund objectives, risks, charges and expenses should be carefully considered before investing. A summary prospectus, if available, or a prospectus containing this and other important information can be obtained by calling 800-787-7354 or by visiting the prospectus and reports page to download one. Please read the prospectus carefully before investing.