Take Me To www.advisorwebsites.com

Search This Blog

Blog Categories

Speak with a Financial Website Expert

Sign up for a live one-on-one demo of our websites or an assessment of your website if you already have own one. Over 2,000 Fin­an­cial Ad­visors, Registered Investment Advisors and Certified Financial Planners use our web­site builder. See how we can help!


Buyer Personas 101 – The Ideal Client

15th October 2013

How to Make Your Landing Pages BetterYou may have heard the term “buyer persona” thrown around on marketing blogs lately, but for many financial advisors, the task of creating your own buyer persona may seem overwhelming. Well here at Advisor Websites, we like to make your life easier any way we can! So we’ve created an example of a buyer persona that we believe may represent your typical client.

[UPDATE: Interested in creating your own buyer personas? Download this free template.]

With a precise vision, your marketing efforts can turn strangers into leads, leads into clients. and clients into referrals. But before we get too far ahead, lets loop back and figure out what buyer persona actually is!

The buyer persona is one of the most effective tools in inbound marketing strategies. Essentially, a buyer persona is a representation of an ideal client. It is the evolution of thought from the target market which often focuses on demographics. A buyer persona goes beyond the professional role and looks at the ‘whole picture,’ i.e. his/her family, their interests and their time constraints. It is important to note that these personas are fictional, however they are created using tangible data.

Now that you know what a buyer persona is, you may be asking why they are so important. In order to put your best marketing initiatives forward, you need to understand your clients and their positioning. With a solid persona created, you can craft all content towards these clients. You should ideally create 3-5 buyer personas depending on your client base. Targeted content has been shown to provide higher quality leads with the potential to grow your clientele!

Now to our example, Derek the Doctor! Dr. Derek has not yet created a financial plan, and is looking for investment advice in order for him to retire comfortably at 60.

Name: Dr Derek M.D.doctor
Sex: Male
Age 45-50
Occupation: Anesthesiologist
Education: Bachelor of Science, Bachelor of Medicine
Salary: $350,000-$400,000 USD
Family: Wife and two college aged daughters

*Now this is where typical demographics would stop, but for buyer personas we want to expand and create Dr Derek’s story.

Priority: Supporting his daughters through college. Maintaining upscale lifestyle after retirement, including vacations, cars, and house improvements.
Pain Points (issues/problems): Time, often challenged finding a work/play relationship
Motivation: Retire (comfortably)
Needs: Trustworthy advisor, who is efficient and effective

Media Consumption: Financial Publications, Financial Advisor Blogs, BNN
Likes: Being treated as an important client, golf, family time
Dislikes: Time consuming advice
Research Methods: Google, newsletters

As you can see we are starting to create a better picture of Derek. But this is only the beginning! Try brainstorming a day in the life of Derek. For example,  Derek may open his emails in the morning, thus it may be useful to target this buyer persona by publishing content in the morning! The more developed these personas become, the more effective your content will be!

Please Note: this article is for informational purposes only. We strongly encourage you to verify any content and information you use with your own compliance department or legal counsel.

Sara Ruthnum

Sara Ruthnum

Sara is the Digital Marketing Intern for Advisor Websites. She is a University of British Columbia graduate hoping to learn from this practicum to develop her experience in this industry.