As people struggle to hold their financial lives together during the COVID-19 pandemic, reducing or eliminating debt has become a critical area of concern. Debt reduction services are a way for advisors to tap into this trend and position their practices as more solution-focused and less about products.
(Related:Social Security COLA: Whats Working, Whats Not)
Handing your clients and prospects an understandable broad-spectrum debt reduction/elimination plan will go a long way toward increasing your marketings effectiveness and make you unique and memorable. Reducing client debt makes it easier for you to sell the products and services that will improve their lives.
No Magical Solutions
As an advisor, you are proba…
Read the full article at: https://www.thinkadvisor.com/2021/01/20/why-you-should-offer-debt-reduction-help/