As a financial advisor, you are experiencing rapid changes in client expectations. Like many other financial advisors in your industry you are looking for new ways to add value and grow your businesses. One way to tackle that challenge: understand and address your clients’ property and casualty (P&C) needs.
If something happens, do you know if your client has adequate protection? If not, their financial goals could be at risk. Those are the goals you helped them set.
In a recent survey, we found that 77% of successful individuals expected their financial advisors to understand and point out risks they faced, such as inadequate car, homeowner’s, or personal liability coverage. However, only 28% of financial advisors provide that service. By supporting your clients’ insurance needs, both you and your clients benefit.
*Source: 2018 Oliver Wyman Research
"The Overlooked Gap in Financial Advice: How financial advisors can protect clients whose wealth may be at risk due to gaps in Property and Casualty coverage."
You don't need to be an expert in these areas; you can bring value to your clients by partnering with a trusted agent who can navigate these challenges. Financial advisors should take a holistic approach in order to fully protect their clients from the assets they've worked so hard to accrue.
Resources provided in partnership with CHUBB Insurance.
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