Explore New CRM Tool Options with Exclusive PPI Discounts

Client Relationship Management (CRM) systems are invaluable for enhancing client interactions and streamlining operations. By centralizing client information, CRM systems provide a unified view of each client, which is crucial for delivering consistent and personalized service. This centralization allows you to track client interactions and preferences, enabling you to tailor your advice and improve client satisfaction.

Moreover, CRM systems enhance communication within your practice by providing a platform where client data is shared, allowing different team members to collaborate more effectively. Marketing efforts can benefit from insights gathered by you and your team, creating targeted campaigns, while your client service team can access a client’s history to resolve issues more efficiently. Additionally, CRM systems can automate routine tasks, saving time and reducing the risk of human error, allowing you to focus on more strategic activities. Continue reading “Explore New CRM Tool Options with Exclusive PPI Discounts” →

The Ultimate Guide to Financial Wellness for Your Clients

Financial wellness is the ability to manage money effectively, meet financial goals and cope with unexpected expenses.

Financial wellness comes from understanding how budgeting, saving, investing, risk and debt management work. These pillars support good financial habits and build a strong foundation for a stable future.

As an insurance Advisor, you have a unique opportunity to help your clients improve their financial well-being and protect their future. By doing so, you will not only help your clients achieve better financial wellness, but also build trust, loyalty and confidence in your expertise. Continue reading “The Ultimate Guide to Financial Wellness for Your Clients” →

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How to Manage Your Financial Wellness

To Farm or Not to Farm? A Question for the Next Generation

Your client’s family farming business has been carried on for generations. But what happens when the current generation of farmers is starting to consider retirement? There are some tax efficient strategies to pass the farm on to the next generation but a key question for your client to ask early on is: “Does the next generation intend to work on the farm?” What if only some family members want to remain involved in the farm? How do they plan to transfer their estate to accommodate those active in the farm and those who are not? Is equal always fair? The latter is often an important question in farming situations, especially when a family farming business is asset rich and cash poor. Can estate equalization be achieved without jeopardizing the farming operation? Continue reading “To Farm or Not to Farm? A Question for the Next Generation” →

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To Farm or Not to Farm? A Question for the Next Generation

A Second Cup or More? The Caffeine Question

In this space, we recently posited whether any amount of alcohol use promotes health. The current thinking says no. But what about caffeinated beverages? Coffee alone is so popular that up to 40% of the world’s population consumes it daily, providing about 3.2 billion of us with a cup of delight to start (or finish) the day (1). This number pales when we add caffeinated tea, and currently 90% of us drink one or the other daily. For the mathematically inclined, that is about 5 million servings of caffeine every minute of every day. Continue reading “A Second Cup or More? The Caffeine Question” →

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A Second Cup or More? The Caffeine Question

Maximizing Profitability with Client Clustering

As an insurance Advisor, you know how challenging it can be to balance profitability and client satisfaction. You want to grow your business, but you also want to keep your existing clients happy and loyal. How can you achieve both goals without compromising on quality or efficiency?

In previous article “Growing Your Business with Client Segmentation” we discussed the concept of client segmentation, a technique involving grouping clients and prospects into different categories based on their characteristics, needs, preferences and potential opportunities. In this article, we are featuring a unique take on client segmentation from seasoned Practice Management Consultant Sam Chahda. Continue reading “Maximizing Profitability with Client Clustering” →

Growing Your Business with Client Segmentation

Do you want to grow your Advisor practice in a more strategic way? Then you should consider client segmentation, a technique that involves grouping your clients and prospects into different categories based on their characteristics, needs, preferences and potential opportunities. This way, you can segment your market and customize your service offerings and communication strategies for each group. By doing so, you can increase your efficiency, effectiveness and client satisfaction. Continue reading “Growing Your Business with Client Segmentation” →

6 Strategies to Create Financially Savvy Kids

Do your clients have children? Have they discussed financial responsibility with them? Teaching kids about budgeting, saving and goal setting, needs versus wants, the value of hard work, as well as the value of insurance is crucial for good money management and instilling lifelong fiscal literacy and accountability.

Share the client-friendly version of this article with your parent-clients to guide them and their kids along the right path to a lifetime of financial literacy. Continue reading “6 Strategies to Create Financially Savvy Kids” →

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6 Strategies to Create Financially Savvy Kids

The Importance of Insurance Reviews

As an insurance Advisor, you can help your clients achieve their financial goals and protect their loved ones from unexpected risks. But to do that effectively, you need to conduct regular insurance reviews with your clients.

Insurance reviews allow you to assess your client’s current situation and needs, identify any gaps or opportunities in their insurance portfolio, and suggest solutions that can enhance their coverage and value. They also help you maintain and strengthen your relationship with your clients by demonstrating your care, expertise, and professionalism. Continue reading “The Importance of Insurance Reviews” →

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Why You Should Review Your Insurance This September

RRSP Withholding Taxes Calculator

When your clients are considering an RRSP withdrawal, it’s important that they know their financial institution withholds taxes for all cash withdrawals from RRSPs, and that any remaining income tax will be payable at the end of the tax year.

The RRSP Withholding Taxes Calculator will help estimate both of these amounts based on where your clients live, their taxable income, and the amount withdrawn, and to request the right cash withdrawal amount to achieve their financial goals. Continue reading “RRSP Withholding Taxes Calculator” →

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RRSP Withholding Taxes Calculator

Cathy Hiscott Aims to Make PPI Indispensable

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As PPI President and CEO, what is Cathy Hiscott’s vision for the future of PPI? Below, read the latest C-Suite interview in the July edition of Insurance Journal (you can also see the PDF HERE) where Cathy discusses strategic growth, what an MGA requires to be successful and what it means for PPI to be “indispensable” to Advisors.

Be sure to follow PPI on LinkedIn to explore a series of posts related to the goal of becoming indispensable and contact your local PPI Collaboration Centre if you have any questions. Continue reading “Cathy Hiscott Aims to Make PPI Indispensable” →