Marketing Corner – 12 Best Practices For Sponsoring Community Events

12 Best Practices for Sponsoring Community Events

Community events are great marketing opportunities that advisors often fail to take advantage of. This is a shame because community events allow consumers to see a friendly, personal side of your business. Rather than meeting you or engaging with your brand through normal business channels, consumers become aware of you in settings that add enjoyment to their daily life. Here are 12 best practices with sponsoring a community event.

Choose an Event That Is Visible And Draws Crowds Within the Community

Consider the community activities that occur in your area. Are they popular enough to draw significant crowds? Do they bring together different strands of your target market?

Choose Events That Occur Regularly

While sponsoring a new event or a one-off activity can certainly be helpful to your brand, finding events that occur regularly may lead to a long-lasting relationship with organizers. This provides you more opportunities in the future, granting your name a strong association with the event, and helping you to plan far in advance.

Select Events That Align With Your Passions and Hobbies

You can certainly sponsor an activity just for the sake of brand awareness, but if you choose an event that reflects your personal tastes and hobbies, you will be more invested into it. These may also give you chances to showcase parts of your life not related to your business. For example, let’s say you are great at cooking BBQ. Sponsoring a BBQ cook-off would allow you to be a part of an event that attracts people in your community as well as participate.

Give Your Audience A Unique Experience

Align yourself with events that provide your target market with a unique, fun experience. Avoid boring, information-style activities, and think of things that the entire family can enjoy.

Identify Activities You Can Directly Participate In

Getting your branding in front of consumers is great, but directly interacting with consumers is a better way for them to get a sense of you. So don’t just sponsor the art walk, or beer fest, or block party—directly participate and mingle.

Don’t Overwhelm The Event With A Pitch

It’s fine to discuss your services and area of expertise, but avoid trying to sell. Explain who you are, what you do, maybe even give a business card, and then focus on having fun and interacting with attendees.

Promote The Event

Don’t simply count on organizers to promote the event. Promote through your social media channels and newsletters. Let current clients know about the event, as this can be a form of client appreciation and referral gathering all in the same activity. Use your regular marketing channels to market the event, i.e. e-blasts, phone calls, and even direct mail. Understand how the event fits within your other marketing activities. What marketing will you do before and after the event? How will you use these to highlight the activity?

Consider A Range of Events to Reach Multiple Types of Consumers

Younger consumers may be responsive to a summer concert series or a food fest, while older consumers may respond more to leisurely activities like crafts. If budget allows, strategically place yourself within both types of events.

Coordinate With Organizers On Your Level of Responsibility

Make sure your role is clearly defined and that you don’t overstep the bounds of those doing the brunt of putting on the event. Offer your help where needed, but don’t overwhelm them and make the event all about you.

Create Your Own Events

If you are unable to find a suitable event that aligns with your hobbies or passions, create your own. While this means that organization falls an you and your staff’s shoulders, creating your own event, especially if it is unique, can set apart from your competitors.

Document Tastefully

Without being narcissistic or disturbing the spirit of the event, document it through photos and videos. Place these on your website or social media platforms.

Define What You Want To Get Out Of The Event

Make sure you have a clear idea of what your business gets out of the activity. Are you looking purely for brand awareness? Or will you try to capture leads?

Complimentary “Going Broke Safely” Guide for Consumers

Fill out the form below to receive
your complimentary copy.

Tuesday Tips – July 26th, 2016


Met Life Promotion
Beginning August 1st-December 31st is running a class match special that allows a consumer to buy up to 1.5mm of additional coverage by providing their current life insurance information and having a clean mvr, prescription check, and MIB report. The clients current insurance has to have been purchased within the last 5 years from an approved carrier. Call today for additional details.

Legacy Increasing Rates
Legacy has announced a rate increase on their Americo suite of products that takes effect July 29th. Call today to get an updated rate sheet.

Sales Opportunity

Allianz Consumer Site
Often times after meeting with an advisor a consumer will continue to do more research about the product or strategy that the agent recommended. Allianz has created a very informative consumer facing site that covers a wide range of planning topics that are very informative. The following link will take the consumer right to the site

Industry News

SEC Auditing RIA’s
The SEC has announced that it will start taking a closer look at the types of mutual fund share classes that RIA’s are recommending to clients.

Hot Rates

North American Guarantee Builder
North American offers a low cost very competitive guaranteed death benefit ul with an indexing chassis. For clients that want a death benefit guarantee and also like the idea of cash value this product can be a perfect fit. In addition to having caps as high as 13% annual pt to pt it also offers a free chronic illness rider. Call today for additional details.

Please fill out the form below to learn more

Marketing Corner – Ramp Up For Fall

Ramp Up For Fall

planfallmcWhile we are smack in the middle of the dog days of summer (it was 96 degrees with a heat index of 108 here at LFP HQ) fall isn’t too far away. September is only six weeks from now and autumn will creep up faster than you know it. Whether you are dealing with a downturn due to a summer slump or clearing high production, now is a good time to think about the next quarter of your business.

This is because with each season, comes new opportunities. Here is a list of things to consider as you ramp up for the fall:

Your Marketing Plan

Many advisors don’t have a marketing plan to begin with it. Even if you do, you are likely focused on very short-term (weeks) or very long-term (years) marketing activities. But having a marketing plan that aligns with the seasons (months) can be a good way to establish goals and take advantage of opportunities that occur during this time period. Don’t ignore your daily marketing activities nor your long-term goals; simply add another timeframe to consider how you can leverage your value proposition.


We discussed before the enduring value that seminars have as a marketing tool. Because of summer can both hurt attendance as much as it can help, some advisors reduce their seminar activities during this time period. If you are one of them, now is the time to plan your fall seminars, with presentations often taking six weeks or more to prepare, coordinate, and advertise.

Back to School Marketing Opportunities

You may not think that back-to-school season offers opportunities for reaching new clients, but it does. You can align you marketing around the concept of “back-to-school” or even look at school publications. In areas where high-school sports are popular, look at sponsorship or booster opportunities.

Industry Specific Opportunities

The fall has two big industry specific marketing opportunities: life insurance awareness month (September) and critical illness awareness month (October). As you head into the fall, consider how you will take advantage of these awareness months, contact specific carriers to request collateral, and ask what your eventsmcbrokerage or FMO is going to do to help you market during this timeframe.

Community Events

The spring and summer months are full of community events, with more people seeking outdoor or social activities. Autumn likely has several events in your area that draw regular crowds. Look into sponsoring these events or even creating your own.

Complimentary “Going Broke Safely” Kit

Perfect for Client Discussions!

Fill out the form below to receive
your complimentary copy.

Tuesday Tips – July 19th, 2016


LFP Closing Early

Legacy Financial Partners will be closing at 3cst on Friday July 22nd due to renovations.  LFP will reopen at normal business hours on Monday July 25.

F&G Rate Decrease

F&G has announced a decrease in caps and spreads for most products that takes affect August 5th.  In addition F&G has also announced that it will be dropping the rollup and bonus on the Prosperity Elite Series as well as the Safe Income Plus effective August 5th.  There is no rate lock for the rollup and bonus decrease so applications must be issue by August 4th to receive the current rollup and bonus.  Call today for details.

Sales Opportunity

Capital Transfer

Capital Transfer is the process of converting existing assets into a tax efficient format for wealth transfer.  Life insurance is a great tool for this.  We have a comprehensive guide that discusses how to transition a variety of assets and leverage them with life insurance in order to reduce taxes and increase legacy.  Call today to request your guide.

Industry News

Longevity Fears

A recent Allianz Life study found that while 93% of Americans think positively about living longer 70% of them feel financial un prepared for the prospect.

Hot Rates

Equitrust WealthPay Life

Equitrust’s WealthPay life is a simplified issue IUL designed to spread the tax burden of qualified assets and to increase the value of those assets to be left to heirs.  In addition the product offers competitive caps up to 9% and provides for chronic and critical illness.  Call today for additional details.

Please fill out the form below to learn more

Marketing Corner – 5 Tips For Story Selling

Marketing Corner – 5 Tips For Story Selling

Storyselling is an important and valuable concept for financial advisors—really any profession that uses personal interactions to clear business. Good storyselling turns a pitch into a dynamic process that helps consumers to emotionally connect with a product or strategy. Here are five key tips for good storyselling.

personalDon’t Mix Your Metaphors

Using metaphors and analogies can be an efficient way to package large concepts into digestible nuggets. A metaphor can clarify a complex strategy or solution and keep the consumer interested. There are many kinds of metaphors and analogies we already use; think “home run,” “bogie,” “bulletproof,” etc. However, you should keep metaphors relevant, focused on the consumer or their benefit, and consistent. Mixing metaphors can confuse, rather than illuminate.

Use Personal Details To Sell The Story

The more you can draw personal details into your pitch, the more the consumer will be engaged. Use your profiling and sense of the prospect to craft relevant metaphors. Use names of spouses and family members to highlight who will benefit from the strategy, for example, “With this strategy, you and Bob can retire in Boca, with enough money for little Julie’s college.” Being specific and personal reinforces the benefit of the strategy for their unique situation.

Focus on the Goals/Results

Your story-sell may involve a lot of pieces and detours, but you should always bring it to the end goal. What does this particular strategy or solution solve? Why is this solution more appropriate than others? Follow the classic story arc of beginning-middle-end to keep the pitch on track of focused on the problem it solves.

balanceBalance the Story

With storyselling you do run the risk of eliding or overpowering important details about a strategy. Ensure that your client fully understands the consequences and responsibilities of the strategy you are selling them. A client who feels misled can wreak havoc on your practice with negative reviews, chargebacks, and legal action. So as you sell to your prospect, take moments to check for understanding.

Use Visual Aids/Yellow Pads

A simple yellow-pad concept or illustration can enhance your storyselling. As you pitch, draw out important details or use visual metaphors to convey the crux of your solution. Better yet, have the consumer draw based on your instruction.

Complimentary “Going Broke Safely” Guide

Fill out the form below to receive
your complimentary copy.

Tuesday Tips – July 12th, 2016


North American Rate Adjustment

North American has announced a rate decrease that will take affect July 19th.  In addition to this North American’s income rider will only be available on the RetireChoice in most states and not the additional product line.  Call today to request and updated rate sheet and rider availability chart.

Allianz Crediting Error

A couple of weeks ago Allianz announced that there was an internal error that overstated credited values on some clients that owned LifePro + iul policies.  Allianz has since announced that they have compiled a list of policyholders that either viewed the incorrect values on their website or received incorrect values via a policy statement.  You can contact allianz to see if any of your clients were impacted by this.

Sales Opportunity

Lead Magnets

Maybe people think of lead magnets in the context of digital marketing.  While this is where they are most prevalent they can also be applied easily and very inexpensively in more traditional formats.  For example  hanging a flyer in a golf clubhouse offering a round of golf for completing a financial review.  LFP has put together a complete guide with flyers and ideas call today to request.

Industry News

New FINRA Chief Executive

FINRA has announced Robert Cook will be replacing Richard Ketchum as chief executive of FINRA.  Most recently Mr. Cook was a partner at an international law firm and from 2010-2013 was a director of the division of trading and markets for the SEC.

Hot Rates

Banner Appcelerate Program

Banner has introduced an accelerated underwriting program for clients age 20-50 who are looking for a death benefit of 100k-500k.  The agent can complete an application and if the phone interview, mib, mvr, and prescription check come back ok the client is approved without a medical exam.  If not they go to traditional underwriting.  This program is a great way to get healthy clients coverage quicker with less hurdles.  Call today for details.

Please fill out the form below to learn more

Marketing Corner – The Value of Lead Magnets

The Value of Lead Magnets

compyEvery business needs a stream of qualified leads. For financial advisors this is a unique challenge. While a neighborhood bakery, autoshop, or boutique clothing store provides tangible goods and services, the benefits of working with a financial advisor may not be as instantly gratifying. Many consumers only seek out financial advisors when there’s a pressing need, meaning it’s often too late to properly address the issue. One way to address this is to incorporate lead magnets into your marketing plan.

What is a lead magnet?

A lead magnet is anything that drives a consumer to a specific action. You can think of it similar to a call-to-action or a give. What a lead magnet does is attract consumers with a tangible offer or unique experience. This is often thought of in terms of digital marketing. For example, a consumer responds to a digital ad, routing them to a landing page which has a form submittal to receive a complimentary kit, rate report, or retirement analysis. There are many different versions of this structure and advisors can implement a digital lead magnet system to reach many types of consumers.

While it’s good to focus on the digital, lead magnets can be very effective in traditional formats. For instance, we’ve seen success with agents offering a free round of golf or a free tennis lesson. Instead of (or in addition to) using digital ads to promote this offer, the agent places a high-quality, eye-catching ad at the target venue. This can, to an extent, pre-qualify the audience, based on the venue where the ad is placed . The consumer gets a unique experience of value and is able to learn more about you in a casual, low-pressure manner. Another benefit is that you can build a relationship with the venue, which can open you to business owners and advocates.

What Makes a Good Lead Magnet?

meetingwclientsA good lead magnet:

Offers an experience or product of real value

A rate report or retirement analysis represents a real value for your time and expertise. For some consumers, this may be enough. But to really attract high-value consumers, offer something that is immediately gratifying.

Is pitched toward a specific target market

You can use a lead magnet any number of ways, which is why you should have a clear idea of the type of consumer you wish to attract.

Gives you an opportunity to interact with the consumer

Dangling out an Outback gift-card for an introductory phone call at best gives you an impersonal interaction with a consumer and at worse attracts plate-lickers. If your lead magnet involves an experience like a lesson with a golf pro, this is an event that you and the consumer can share together. This gives you opportunities to interact with the consumer and for them to get a sense of you.

Aligns you with businesses that support you and your efforts

Since you are likely to use another business’ products or services as a carrot to attract consumers, it’s important to develop a good relationship with the business. As mentioned above, this can gain you advocates and access to business planning opportunities. On a smaller level, however, having a good relationship ensures that you are able to continue to use the business for your lead magnet. Make sure that the relationship is mutually beneficial.

Newest Competitive SPIUL

Tuesday Tips – July 5th, 2016


Rate Adjustments

With treasury rates continuing to drop several carriers have announced rate decreases for July on their annuity portfolios. Call today to get updated rates for all carriers.

Global Atlantic Update

Beginning today Global Atlantic will be launching a new 1035/Transfer form. For the time being Global Atlantic will still accept the older Forethought Version of the form and hasn’t set a date yet to fully transition from the old form.

Sales Opportunity

Behavioral Finance

Unfortunately for many consumers their decisions in regard to investing can be heavily influenced by emotion versus logic. One of the most frustrating things for an advisor is to make a sound recommendation only to have the client only implement part of the plan or do something different altogether. We’ve put together a powerful 1 page piece that illustrates the risk of making emotional decisions when it comes to investing. Call us today to request it.

Industry News

Genworth SIFI Designation Rescinded

The FSOC on Thursday rescinded GE Capital’s SIFI designation. One of the main contributing factors was GE’s decision to divest over $150 billion of its financial services business.

Hot Rates

Lincoln National Term

Lincoln National has recently rolled out their TermAccel level term product. This simplified application process uses an E app and doesn’t require any APS’s. The program is designed for prospects without a complex medical history that are 30-50 looking for 250k-500k of coverage. Lincoln also has available their fully underwritten LifeElements term plan which is highly competitive as well. Call today to get quotes.

Please fill out the form below to learn more

Marketing Corner – 6 Key Challenges Advisors Face Today

Marketing Corner – Wednesday June 29th, 2016

6 Key Challenges Advisors Face Today

Advisors and Agents face many challenges throughout their career. From establishing a practice, building a client base, marketing, and dealing with downturns, the zigs and zags of an agent’s career can be erratic. Here are six key challenges advisors face today.

Shifting Demographics and Client Bases

America is on the cusp of the largest transfer of generational wealth, ever. Over the next 30 years, some $30 trillion will be transferred from Boomers to Gen-Xers and Millennials. That’s a pretty good opportunity for advisors, except for two things:

Nearly 66% of children release their parent’s advisor
Most advisors only focus on a particular age segment

Retaining clients across familial generations requires skill. Although there is no such thing as “easy money,” focusing only on Boomers does simplify your practice. You are able to understand the key needs of this population segment and positions to continually enhance your expertise. But doing this cuts you off from the next wave, which is going to arrive sooner than you think. Some demarcations put the outer edge of Gen-Xers around 1960, which means that in five-ten years, these will be the new Boomers. Plus many Gen-Xers and Millennials (yes, Millennials) represent planning opportunities now. Take some time understand the key issues facing each generation and expand your target market.

marketingMarketing and Prospecting

Marketing and prospecting will always be a challenge in any business. Financial advisors are in especially prone position, however, when it comes to generating leads and converting new clients, since the service they provide is not a tangible object and often involves long time-frames. As generations shift, so too does the effective means to reach new clients. This is where having an array of marketing solutions is helpful. While you may have one core marketing activity (seminars, social media, referrals, etc.) having many different marketing tools will help you adapt to changing target markets. It’s not digital versus traditional or push versus pull marketing. It’s digital and traditional, push and pull marketing.


One immediate challenge facing the financial service industry at large is the DOL fiduciary rule. While advisors can expound endlessly on the potential impact of this rule, it does raise some concerns about regulation in general and the changing perceptions of what it is financial professionals actually do. We’ll see how this change plays out before full implementation (already there are many lawsuits set to argue against the rule) but it points to the importance of staying abreast of industry-wide changes and being diversified in your offerings.

Balancing Being A Good Advisor and A Good Businessperson

A good advisor provides custom-tailored service and excellent care. A good businessperson understands the true cost of profit and has a vision for the company on several different time scales. The challenge many advisors have is that they have to be both a good advisor and a good businessperson. Independent advisors may pull enough in production to hire a support staff, but the responsibilities of dealing with consumers and protecting the business’s growth fall squarely on their shoulders. Time spent as an advisor can take away time needed to ensure business needs are met. Time focused on the numbers takes away from time that could be spent with consumers, which at the end of the day, helps support the vision of the business.

How do you balance this? It may help to establish a distinct marketing and business plan periodically. You may also wish to align with another producer or agency. Or you might seek out a FMO to handle marketing and back office tasks, as well as help shape the scope of your business. However you do it, never forget that you are a business owner and need time to focus on business needs as much as client needs.

marketvolatileMarket Volatility

The market is unpredictable. While there are best practices, solutions, and strategies that work within and outside the market, the market still casts a large shadow over financial services. Market volatility presents a challenge to advisors in a few interesting ways. Advisors need to have some idea of how products and solutions will perform in the ecosystem of the stock market. Consumers, watching key stock figures and measurements, come armed with their own perceptions, fears, and concerns. This can lead to behavioral finance biases. While you can’t control the market, you can help people address their specific needs. Having a good understanding of consumers’ biases and issues can go a long way to selling your market-tough solutions.

Generalization v. Specialization

The problem many professionals face is to generalize or specialize. This is true of doctors, lawyers, and certainly financial advisors. If you are too generalized, you may miss opportunities to land advance-market, high net-worth clients. If you are too specialized, you may be vulnerable to changes with your specialty and target market. One possible approach for success is similar to the point we made about marketing: have one core offering, with an array of other offerings. This will allow you to go after niche clients, with a sustaining set of services.

Complimentary Seminar Secrets Guide + Checklist

Fill out the form below to receive
your complimentary copy.

Tuesday Tips – June 28th, 2016


4th of July

Legacy Financial Partners will be closed Monday July 4th in observance of Independence Day.

Athene Lowering Rates

Athene has announced a rate decrease for its Performance Elite, Target Horizon, and MYGA product series.  In order to get current rates applications must be received by July 1, 2016 4pm CT.  Call today to get an updated rate sheet.

Sales Concept

Annuity Maximization

Annuity maximization is an efficient asset repositioning strategy that can be used for annuities where all or a portion are earmarked to be left to beneficiaries.  Or for annuities that have been underperforming.  By repositioning funds from the annuity into life insurance the owner of the annuity can ensure that there is a pool of tax free funds at death to offset any income tax that might be due at transfer.  In addition to this if the annuity is underperforming liquidating it to fund the life insurance policy can result in a significantly larger amount of money to be transferred to the next generation.

Industry News

Health Spending in Retirement

A recent HealthView Services study found that a 65 year old couple retiring in 2016 can expect that their total healthcare spending during retirement will exceed $377,000.

Hot Rates

Equitrust MarketBooster

Equitrust’s MarketBooster FIA is a competitive 9 year product that offers a 7% premium bonus with competitive caps and several index options.  The product is designed for accumulation but also offers an optional income for life rider.  Call today for additional details.

Please fill out the form below to learn more