Best Crm For Financial Advisor

Your financial CRM should meet the strict regulation requirements for your business. This one does. It has been verified by The Financial Industry Regulatory Authority (FINRA) and the Securities Exchange Commission (SEC).

In this guide, we review the Best Crm For Financial Advisor, crm for financial institutions, best fintech crm, and best free crm software for financial advisors.

Best Crm For Financial Advisor

The financial industry is one of the most highly regulated industries out there. A lack of regulation can lead to high-profile fraud cases, so it’s important to choose a CRM that has been verified by regulators.

A CRM, or customer relationship management, system helps professionals keep track of client data and activity.

A CRM, or customer relationship management, system helps professionals keep track of client data and activity. It can be used to manage leads, track appointments, schedule follow-up calls or emails—all with the goal of improving your service and ultimately gaining new customers.

The most important thing to know about a CRM is that it’s built for you. With an advisor-focused CRM like ClientUp you get an easy-to-use platform that works seamlessly with your existing technology stack so you can get back to doing what you love: helping people!

Learn all about the best CRMs for financial advisors so you can learn which one is right for you.

A CRM (Customer Relationship Management) is a system used to track and manage all your contacts, leads, and conversations with prospective customers. It can be helpful for keeping track of all your client data, such as contact information and notes from phone calls or emails. If you’re an aspiring financial advisor looking to grow your business, it’s important that you have a good CRM in place so that you know exactly who your clients are, what they want from their investments, and how best to serve them. A good CRM will allow you to do this by organizing all the information about each customer in one place so that it’s easy for them to access when they need it most – right when they’re making investment decisions related to their portfolio management needs.

Salesforce Financial Services Cloud is highly customizable and boasts an easy-to-use interface.

Salesforce Financial Services Cloud is a cloud-based CRM that offers a variety of features. It is highly customizable, so you can create custom dashboards and reports based on your specific needs. The software also has an easy-to-use interface, which makes it a good option for tech novices looking to get started with customer relationship management (CRM).

Junxure Cloud offers a suite of features that includes sophisticated planning tools, client reports, and goals and milestones tracking.

Junxure Cloud offers a suite of features that includes sophisticated planning tools, client reports, and goals and milestones tracking.

Junxure Cloud also offers a number of integrations with other financial services platforms.

Redtail CRM has a streamlined user interface that’s great for new users and tech novices.

Redtail CRM is a cloud-based CRM that makes it easy for financial advisors and wealth managers to organize their contacts, schedule meetings and client calls, send email reminders and more. Redtail has a streamlined user interface that’s great for new users and tech novices.

Redtail also offers many customizable features like contact management, document storage, appointment scheduling and calendaring tools that can be tailored to your practice.

Wealthbox CRM was designed specifically for financial advisors to help them manage the complexities of their everyday lives.

Wealthbox CRM is designed specifically for financial advisors to help them manage the complexities of their everyday lives. It’s a cloud-based system that makes it easy to stay organized and keep track of what matters most. This CRM is extremely user-friendly and has an intuitive user interface that allows you to quickly find all the information you need, when you need it.

Takeaway: Finding the best CRM financial advisor is crucial to your success as a wealth manager or financial planner. Take your time to choose the right system before committing to one platform.

When choosing your CRM, it is important to make sure that you have a good understanding of the software. This will help you to determine which system would be best for your business. The top three factors to consider when choosing a CRM are:

  • Integration with other tools and apps that you already use
  • Easy access on mobile devices so that you can take it with you wherever you go
  • Customer support options

crm for financial institutions

Unlike traditional business models, financial services doesn’t involve a direct exchange of payment-for-product or payment-for-services. Instead, clients entrust their financial resources into the care of another — electing a particular bank, investment firm, or insurance agency to be the steward of their assets. As a result, financial advisors work according to different priorities than traditional customer advisors. Financial services CRM (customer relationship management) software is designed to address the following unique challenges of the financial sector:

Minimizing customer attrition and maximizing revenue Managing compliance with stringent industry regulations and legal restrictions Bringing disparate tools and visibility of customer portfolios into a centralized system

To help you choose the best financial CRM, this guide will compare common features and benefits, provide tips for creating executive buy-in, and present a case study of a market-leading solution.

Market Overview

The financial services sector is one of the largest and most valuable markets in the world. In the U.S., finance and insurance accounts for about eight percent ($1.24 trillion) of all gross domestic product. The massive size of the industry has resulted in stiff competition. Firms often vie for the upper hand by imitating and improving on a core set of similar products and distribution models. This over-saturation also encourages high customer expectations, which makes it difficult to retain business. In light of these challenges, it’s critical that financial institutions have the tools to succeed. Financial services technology should support excellent customer service, innovative sales strategies, and accurate market segmentation.

Combined with a good business model and a staff of well-trained advisors, the right financial software can make the difference between surviving and leading in the market. Financial CRM systems have direct applications for banking, insurance, lending, and investment firms. It can be used in contact centers, by branch representatives, advisors, consultants, and even mobile agents. This top-to-bottom utility means that firms can adopt CRM as a company-wide solution, not just a specialized tool for upper management. And yet, the ability to customize access permissions and data workflows also makes CRM distinctly valuable to users in different levels of business hierarchy.

What is a Financial Services CRM?

At its core, a CRM for financial advisors and institutions is similar to traditional, multipurpose CRM — a system for managing and building relationships through organizational tools, contact and account databases, and automated workflows. Financial services solutions differ, however, in their unique customizations for industry use. They focus on streamlining key financial workflows and generally provide closer integration with financial accounts (loans, lines of credit, investments, etc.).

Financial CRMs primarily take on two forms:

Industry-specific CRMs geared toward insurance, banking, investing, or other firms. These CRMs provide out-of-the-box functionality for their intended use, but may not have industry-leading features, such as business intelligence modules or social integration.

Multi-purpose CRMs that have been customized to serve financial workflows and link with other back-end systems. Sometimes this customization is done in-house through APIs, custom fields, branding, etc. Other times, a firm may choose to work with a financial services “partner” developer. For this reason, it’s helpful to choose a well-known CRM vendor with a large partner network, such as Salesforce or Microsoft Dynamics.

What are Common Features of CRMs for Financial Advisors?

Systems will inevitably vary from vendor to vendor according to pricing, scale, and deployment options (cloud-hosted, on-premise, hybrid), but most financial services organizations will want some or all of the following features:

Common Uses and Strategies

A CRM system is much more than a digital contact list. Implemented properly, the tools and data in a financial services solution can facilitate complex business plans that increase revenue and competitive performance. After selecting a product, there are a number of strategies firms can employ to maximize return on investment:

Use CRM to streamline financial service processes: Workflow automation is one of the biggest value-adds of any business software, and CRM is no exception. In financial services, administrators can use custom fields and programmable workflows to streamline account onboarding, portfolio modeling, claims processing, and KYC verification. Many industry-specific CRMs even have pre-programmed workflows for out-of-the-box functionality. This allows team members to spend less time managing routine tasks and more time interacting with clients.

Capitalize on enhanced visibility: A centralized system gives leadership visibility into the sales pipeline, as well as individual agent/broker performance. Being able to see opportunities, bookings in progress, and past wins helps decision makers set accurate goals for the future and identify productivity bottlenecks. Visibility answers the questions: What are we doing right? What are we doing wrong? and How can we do better?

Use analytics and reporting to maximize relationship value: Analytical tools such as custom reports and portfolio modeling help financial firms strengthen their existing relationships by identifying upsell and cross-sell opportunities. Agents can also use these tools to spot early flight risk signals (such as electronic transfers to other financial institutions) and address customer pain points.

Empower agents with mobility and versatility: Employees in every industry are increasingly moving towards an in-office/mobile hybrid approach. The world’s mobile worker population is expected to reach 1.3 billion some time this year, according to advisory firm IDC. In the financial sector, mobile agents are often responsible for meeting with high-priority clients and business partners, or traveling to professional events. But productivity shouldn’t suffer just because they’re away from the office. Modern CRM software can give these agents remote access to sales tools, customer databases, and back-end systems through a native mobile app or a mobile web-interface.

Creating Executive Buy-In

To ensure successful adoption and long-term ROI, it’s important to “sell” a financial services CRM to its future stakeholders in the company, especially leadership. They should agree with the need for a CRM solution and understand the value it will add. Here are some selling points for specific executives:


Your chief information officer’s job is to support business goals with relevant, modern technology. For this reason and because of their trade knowledge, your CIO is an excellent resource when building a shortlist of vendors. They understand the nuances of your IT infrastructure and the technical implications of implementing a new system.

If your firm already uses some kind of software for managing relationships (a home-baked system, for example), you’ll need to demonstrate areas where the system is underperforming and the advantages of adopting a modern, financial services CRM. Cloud-based systems, especially, can help reduce IT costs and service needs. According to Gartner, about 41 percent of all CRMs purchased in 2013 were cloud-based, or “software-as-a-service” (SaaS). Modern CRMs also help businesses centralize multiple work processes into one unified system through API integrations and native add-ons. That means teams can work efficiently without using IT resources or suffering from interoperability issues.


Your chief financial officer will want to know how a CRM solution can reduce costs and grow revenue, how much it will cost on the front end and long-term, and how soon your business can expect to see measurable returns. To help convince them, point to the fact that companies that implement CRMs are better equipped to identify and acquire new revenue sources. They also reduce labor hours and administrative costs with productivity tools such as task management, email integration, and internal collaboration channels. A recent study by Nucleus Research revealed that CRM investments return an average of $5.60 for every dollar spent. Furthermore, CRMs with mobile access can improve productivity by 15 percent, which means more relationship-building and less downtime.


Your CEO will want to know how a CRM system can improve your core business model and better position your firm in the market. According to Computer Economics, about 50 percent of financial services businesses use CRM systems, which is slightly lower than other service industries. Your company has an opportunity to make a structural improvement that could set you ahead of at least half of your competition. Not only that, but a CRM system addresses the three biggest challenges of the financial services industry, which we mentioned in the beginning of the guide: reducing customer churn, managing regulatory compliance, and consolidating disparate workflows.

Case Study: Puente and SugarCRM Professional

Puente is a financial and capital markets service provider headquartered in Buenos Aires, Argentina. They provide investment banking, wealth management, and trading and execution services to 30,000 corporate and individual customers. In 2009, a new phase of company growth drew attention to the need for better internal systems. Puente needed a solution to manage customer information, track leads, coordinate cross-sell activities, and manage email campaigns. At the time, Puente was using several different back-end programs. Puente’s IT manager, Sebastian Blaustein, said “As we scaled operations, we needed to improve our ability to organize and share customer information across business units, in a secure and confidential way.”

After surveying the market, Puente decided to work with GrowIT, a SugarCRM partner, for implementation and deployment. GrowIT assessed Puente’s business needs and delivered a customized solution based on SugarCRM Professional. They created an online segmentation tool for building email lists and targeted communications, as well as a document storage solution designed to meet financial industry compliance standards.

“Now that we’re using SugarCRM, Puente’s email marketing is more effective, our lead-to-customer conversion time is [shorter], and we can deliver business proposals quickly and efficiently to our customers,” Blaustein said. In addition to these accolades, Puente reported a number of strategic benefits after implementing their financial services CRM:

Increased volume of email marketing by 100 percent Reduced lead-to-customer record conversion from two days to mere seconds Reduced the time required to produce targeted outreach lists by 80 percent Accelerated customer service response time by 30 percent Better visibility into sales activity and customer segments Increased the value, depth, accuracy, and immediacy of customer information Support for mobile access through Sugar Mobile Plus

Other Market-Leading Solutions

SugarCRM is one of the top CRM solutions on the market and can be customized to meet the needs of financial services organizations, but there are other CRMs that offer larger partner networks or industry-specific features for banks, insurance agencies, and investment firms. Check out more options by using our Financial Services CRM Product Selection Tool.

Choosing the Best Financial Services CRM Solution

At TechnologyAdvice, our goal is to help businesses connect with the technology that best meets their needs. We’ve compiled product information, reviews, case studies, features lists, video walkthroughs, and research articles on hundreds of leading IT solutions, all to make the buying process more straightforward for decision makers like you.

If you’re curious about any of the financial CRM systems or features listed in this guide, we’d love to talk to you. Call one of our in-house specialists for a free consultation, or use the Product Selection Tool on our website to get a personalized recommendation.

best fintech crm

There is no CRM designed specifically for a company. Instead, the best CRM software is determined by the features and how well it helps your business.

Players in the financial sector continue to seek better experience. Surveys indicate that customer experience is now the primary determinant of success for any brand. This calls for the employment of CRM.

Customer relationship management (CRM) is a technology for managing all your company’s relationships and interactions with existing and potential customers to improve business relationships to grow your business. This encompasses all tools, skillsets, and tricks you use to keep customers.

Good customer relationship management encourages brands to keep linked to their existing and latent customers, builds faithfulness, crafts customer relationships, and maintains joint customer service, increasing sales and productivity.

CRM supports small and medium enterprises in many ways, such as managing operational challenges. Some case studies have shown that SMEs that use CRM have seen an increment in their sales by 29%.(convergeHub). Small businesses should grow to start investing in areas that give back quick and significant returns; using CRM brings back your investment return so fast that this is a good deal for any small business owner.

Here is why Fintech companies need CRM

1. Increases productivity

A good CRM can increase your profitability by streamlining administrative processes in your sales, marketing, and service divisions and letting you focus on building and maintaining the customer relationships that matter. Without the support of an integrated CRM solution, you may miss growth opportunities and lose revenue because you’re not optimizing your operating processes or making the most of your customer relationships or sales leads.

Because companies want to keep sales going and increase productivity, customer retention is one of the essential aspects. An easily accessible view of a customer’s daily interactions makes it easier to anticipate issues and deal with complaints. Knowing customers’ problems and finding solutions is one of the most significant assets in customer retention.

The time for traditional methods of banking and investing is long past. Instead, customers expect rapid service delivery from their service providers via numerous communication channels and want their preferences to be known and remembered. In addition, they demand to be presented with content, offers, and services consistent with their specific tastes and requirements. A top CRM system takes charge of delivering just the kind of content that individual customers like.

Through CRM, salespeople can quickly determine their progress through individual teams by approaching clients one-on-one and getting feedback about the products and services they offer and how best they can improve these services. They can also understand their performance more by measuring it during campaigns and finding more information about what can be done. This helps the entire company, which helps to achieve the estimated goal or target.

The Best CRM For Fintechs

1. MonkeyPesa CRM

The world of marketing is in a crazy revolution. Every passing day, there is new software on the market. The software makes the work easier with automation.

MonkeyPesa CRM is an all-in-one business automation tool. From sales marketing, automation or customer support. With the devotion to help Small and Medium Enterprises (SMEs), MonkeyPesa is a user-friendly tool. The pricing, features, analytics, easy-to-interpret dashboard make it ideal for you. It is the best sales and marketing software.

The CRM aids businesses to get prospects, insights, converts more leads to become customers and manages with customers across several channels. At the same time, they go through the selling process.

The services offered include; Sales pipeline management which helps companies to sell faster and get more prospects into the business. The invoicing and billing system allows track time, generating invoices, Pro-forma invoices, quotes, and getting much more money faster. And the real estate system helps real estate companies to acquire property, landlord management, tenant and the necessary automation.

Insights, analytics and reports

Human Resource and payroll

Accessible Communication is a giant step into maintaining good relationships with clients. Strong relationships generate more sales and support, improve client satisfaction, and reduce business expenses.

A closed buyer is just as vital as a new lead. MonkeyPesa CRM allows you to create charges based on a prospect’s information, schedule calls for them at any point in time, take notes based on our interactions, and easily save and organize that data for future use. In a nutshell, you are moving a sales lead, or prospect from one stage of your sales funnel to the next.

The MonkeyPesa CRM allows you to add contacts manually or upload files. Because the goal is to have streamlined communication in the sales process, you do not have to open another platform to make calls with your clients and prospects. The dashboard enables calls. In addition, all these interactions are captured in case you need to make clarifications and references.

It is a catch for small and medium enterprises, from social networking tools, project management to CRM, document management, calendars, team management, email marketing, phone management, and flawless lead management.

Social Media is a very relevant tool of sales and marketing today. Every passing day, there is a new social media channel your clients and prospects sign up for. MonkeyPesa provides a centralized location for all your social media interactions — tweets, posts, reels, videos, comments, replies, Direct Messages.

2. Redtail CRM

This is a web-based financial CRM tool with the biggest market, attributed to good user experience. Redtail was founded in 2003, but it has secured the market with several financial technology companies. This is accredited to an interface that is friendly to use, combined with very many other platforms and a short learning curve.

Redtail has lead management, contact management, customizable reporting, integrations, workflow automation and the two most essential others that is seminar management and Redtail university as some of its features and most notably is Redtail can combine with many other financial tools like Moneyguide Pro, Riskalyze, LaserApp, and Morningstar.

With Redtail, you can have it on your portable mobile device, making it easy for any user to buy Redtaill speak as a complaint communication platform combined with the CRM platform.

Redtail charges depend on each database compared to other CRM software tools, which charge per user per month. A single database consists of 15 users, and it is charged $99; this is favorable for medium and small businesses.

3. Salesforce

Salesforce is a cloud-based CRM, an all-in-one sales solution designed to do the best for all your business. It is one of the CRM platforms adopted by capital markets and investment banks to strengthen their business relationship with corporate clients and entrepreneurs investing in banking institutions and those offering related services.

Regarding product vision, revenue growth and marketing execution, salesforce takes the trophy, and most enterprises have praised it. Additionally, it allows third-party integration.

Salesforce cares for businesses and has an edition for small and medium enterprises. It offers them products robust set of CRM tools and resources at an amicable and bearable price. It is easy to use and has several features that small businesses can use. However, most of the features are set for large companies and enterprises.

Many enterprises are considering integrating salesforce because it has many features with several product enhancements, serves businesses of all kinds, organizes all your data in one central place, manages all the data across teams.

The pricing is as follows; the essential package goes for $25 a month for 10 users and below, professional goes for $75, enterprise goes for $$150, whereas unlimited goes for $300. Still, there is also a free trial version that lasts for a month.

4. Bitrix24

Bitrix24 is an on-cloud and on-premise CRM software system with over 18 different languages enabled. Bitrix24 manages its timeline and pipeline activities and is perfect for small, medium and large businesses.

Companies prefer to use this CRM system due to the many advantages, including unlimited leads, contacts, quotes, invoices, appointment scheduling, and deals. In addition, the cloud-based sales management software offers complimentary sales, promotion, and customer management tools from being a lead to closing a deal. Its best productivity lies in lead management, sales performance and tracking and pipeline management.

best free crm software for financial advisors

There are many tools used by financial advisors. Some are old school and some are new. Having the best CRM for financial advisors has become very important. Customer relationship management is key for getting new clients.

Easy to implement CRM tool that helps focus on activities that close deals.

Free CRM solution at the core of HubSpot’s business management suite.

All-in-one app including CRM for teams to organize, collaborate and grow.

A simple CRM built just for small businesses & teams.

Finance CRM helps advisors know their clients better. Financial services CRM streamlines much of the customer relationship work. This gives wealth management teams more freedom to better serve their clients.

You see lots of good CRM software for financial advisors. Some are more affordable and simple to use. These are good options for independent advisors or small businesses. Other wealth management CRMs can be more expensive. These platforms might have more features. Bigger businesses might prefer these.

How do you pick the right financial advisor client management software? An internet search gives you so many options. Don’t worry. We tried a number of CRMs for finance. This article breaks down the benefits of CRM for financial advisors. It lists key features. Finally, we go over the top 10 financial CRM software. Some are best for large businesses. Others for small ones. Some are great but pricey. Others are affordable but limited. Check out the rest of this piece to learn all about them.

Benefits of using a CRM for wealth management

A financial advisor’s success depends on two things. The first is expanding your client list. The second is developing longer-lasting relationships with each individual client. This is profitable in both the short and long term. That’s why a CRM system is necessary for your day-to-day operations. It helps you keep track of all your contacts and clients. It ensures you always have all relevant information and communication history at hand. Contact management platforms help you uncover new connections through referrals. These work from common demographic, industry, and interest networks.

The best finance CRM for advisors covers more than the basics. These include follow-ups and reminders. It also helps you plan your client’s economic future. Among these things are savings and retirement goals. CRMs make it easy to tailor your strategy for each particular client’s specific means. The best CRM solutions will scale up as your wealth management business grows.

Here is a list of the main benefits of CRM for financial advisors.

Manage leads

It’s all about getting more leads and knowing your contacts. CRM software helps you keep track of all your networking activities. This way, every new person you meet can be nurtured from a prospective lead into a loyal client. Features like engagement history and personal note taking help remind you of when and how you first made contact. CRM keeps you on top of every client’s needs and goals. It suggests ways to gently move leads through your sales funnel. Even after contracts are signed, a CRM keeps working. It gives you sales pipeline management to help plan your client’s long-term loyalty.

Get business insights

Business analytics are often part of CRMs for the financial services industry. A large number of relationships means lots of invaluable data. Financial CRM platforms let you aggregate the data on past trading and planning activity. You can do this not only within your own network but through getting access to wider financial information as well. Leveraging such community data and intelligence translates into actionable insights. These are key benefits to offer your current clients. They’ll also help you attract new clients.

Boost revenue

Bottom lines are still the name of the game. As a professional financial advisor you know your success is tied to your client’s. The upwards growth of your client’s financial portfolio is your main goal. CRM solutions for advisory firms help increase business revenue by automating task management. This means less time wasted on dull tasks. It frees you up to focus on the important stuff: financial research and client relationships. Financial advisor CRMs are great organizational tools for planning and scheduling. It helps you stay on top of your affairs so you never miss an opportunity.

Improve sales & marketing

Businesses are made up of different moving parts. Sales and marketing are key parts. Finance professionals need to stay close to marketing and sales when it comes to running a small business or a large firm. Growth requires getting your name out there through campaigns like email marketing or even on social media. It’s important to have sales teams to meet the incoming prospects after marketing does its job. CRMs help keep these sales teams ready and well-informed. These major functionalities are some of what the best CRMs offer.

Great customer experience

A financial advisor doesn’t just sell some stock tip once to make a commission. These are enduring relationships. Follow-ups are essential. CRM software solutions are there to make sure each customer has quick access to customer support. This means in good times and troubling ones. There are many kinds of issues to deal with. It could be technical support or sometimes the clients have new needs. You need to make a commitment. Even if things do not always go as planned, customers should be able to count on great support from their financial advisors.

Financial services CRM comparison chart (top 10 highest rated systems)

How does financial advisor client management software help clients?

Read on to find out about the major tools you get with a CRM for wealth management.

Track activity

Never turn your back on what’s going on. CRM software helps you keep track of every interaction you’ve had. This means with your contacts across every communication channel: phone calls, emails, texts, meetings, even social media. You get a chronological picture of each recorded event. You also get notes, tags/labels, or uploaded attachments. Financial CRM displays client’s transaction records. This makes it easier to track investment progress. You can measure this data against desired targets. It’s also good for helping you adjust client strategy as time goes on. People’s needs always change.

Automate tasks

Let the machines do the easy work. The best CRMs include workflows. These are to automate business processes. This is useful to free up time from more repetitive tasks. You can focus more on things like researching investment opportunities and financial strategies. Workflow automation works by leveraging AI. This uses machine learning and other algorithmic step-by-step instructions. It streamlines tasks such as onboarding a new client, also sending out email reminders and follow-ups. It’s good for confirming quotes and invoicing. They can also assist in sales processes, such as fulfilling buy and sell orders.

Keep documents organized

Don’t misplace your docs. CRM spells out contact management but document management is also an important function of a CRM solution. It can even be more useful than email for this, so attachments don’t get buried in staggered threads. Document management is not limited to documents and spreadsheets. CRMs store and organize any sort of file. These could be textual or rich media, like video or audio transcriptions. You can add notes, tags or labels for good searching and faster retrieval. Share and collaborate on documents among colleagues with different permissions attributed to each. Any document anywhere anytime.

Stay on schedule

Remember to keep the date. All kinds of pros use CRM systems to manage time. CRMs are great for keeping records of all that’s gone on in the past. They also help plan what’s coming up in the future. You can schedule an event directly through your communication. When a client asks you to call them on a certain day, CRM will schedule that call on your calendar. You get a reminder before the call. It includes all the necessary info about the client and the meeting. CRMs also include scheduler CTAs. An email is sent out to a contact with time options for a meeting. You get a variety of calendar views and options. These are good for team bird’s eye views of everything going on.

Analyze and report

Data is the lifeblood of businesses, especially in the business of financial services. This is a world of numbers and patterns. Finance CRM helps track and analyze the success rates of your outreach campaigns. Keep track of how you’re making new contacts and converting them to clients. It shows you the progress of each client’s case as they move through the pipeline. It can help your sales team and support staff work with maximum efficiency. Analytical wisdom can be exported to customizable reports. You share these internally among your firm and with your valuable clients.

What is the best CRM for financial advisors? Here’s our top 10 list:

Time to check out the list of financial CRMs. These ten vendors cover a range of needs and budgets. Finding the right CRM for financial advisors shouldn’t be too hard after reading this list. At the end we give our final takeaways. Enjoy the breakdown.

Salesforce Financial Services (Best CRM for financial advisors overall)

Salesforce is one of the biggest CRM solutions. They have been in the game a long time and are experts in all manners of customer relationship management. They offer specific packages for financial planning and wealth management. They have custom features for personal wealth management as well as for banking, insurance and mortgage lending. Salesforce users have access to their massive data bank for extra customer insights. Finally there is AI-driven client data. Workflow automation lets you streamline many easy tasks and save time. Overall this CRM system is a great choice for the financial services industry.

Salesforce Financial Services is best for:

Wealthbox CRM (Top wealth management CRM if you have a budget)

Wealthbox CRM is made by Starburst Labs. They run out of New York City and Providence. Wealthbox is a CRM platform that runs on desktop, web and mobile versions. It’s easy to use and requires little training. This is a great tool for solo financial advisors as well as client relationship management advisory firms. Some key features include good customizable workflow templates. Wealthbox has good tools for pipeline management and opportunity management. These help financial advisors with their sales process to get new clients. This platform includes CRM features like task management tools and document management. The ability to scale up makes this a top CRM tool for financial advisors. Wealthbox has a free trial.

Wealthbox CRM is best for:

Junxure (Advisor Engine) (Good finance management CRM for small business)

Junxure is made by Advisor Engine. This is a software solution for doing CRM with business process automations. It’s great for creating better client relationships. Junxure helps capture financial data and does activity tracking. It automates real-time tips for financial advisors. These help with things like doing follow-ups. It’s also great for reminders and task management. There are many customization options with Junxure to help CRM companies get more clients. You can customize templates for things like email marketing and social media posts. Client data segmentation is good for advanced searching and filtering. With this you get the client information you need quickly. There is a free trial from Junxure. It’s good for 30 days.

Redtail Technology CRM (Good finance CRM software that’s easy to learn)

Redtail started in 2003. The idea was to give advisors a web-based CRM platform. Redtail focuses on making client data accessible anywhere and anytime. This CRM has deep ties to the financial services industry. This platform integrates with other important tools for financial advisors. To help with onboarding, they offer many kinds of support. These include phone, email, webinars and video tutorials. This makes it easy to learn. Redtail covers the basic CRM features. You get automated workflows. There is solid reporting and pipeline management. A Redtail mobile app is really easy to use. Redtail does pricing differently than other CRMs. You pay by database. Each subscription is good for 15 users. You can try Redtail for free.

Leave a Comment