PR as in public relations

5 PR tips for financial advisors

Public relations can be a powerful tool for financial advisors. In “How to Get PR Without Hiring an Agency,” Mike Byrnes shared many tips tailored to advisors in his presentation to
the Financial Planning Association of Massachusetts on Feb. 27, 2013. I share some of his tips below, with an emphasis on the lesser-known tips.

1. Use Skype, FaceTime, or Google+ Hangouts

You know how you make a deeper connection when you meet someone face to face? You can achieve a similar connection with tech-savvy reporters who use Skype video, FaceTime, or Google+ Hangouts to communicate using video in addition to audio.

Google+ Hangouts have an added advantage. You can offer a video recording of your call to the reporter. These days even traditional print publications are hungry for video to display on their websites.

However, don’t try to force these technologies on reporters who don’t use them. You’ll just annoy them.

2. Hire an intern who’s a journalist

You need content to feed your PR effort. If you’re on a tight budget, but need help generating content, hire an intern who’s a journalist so she or he writes well.

The intern’s lack of industry knowledge can be a plus. How’s that? You’ll need to explain things in simple, nonfactual terms. This is the language your clients and prospects will respond to.

Just make sure you allow plenty of time to educate your intern. He or she will have a steep learning curve.

3. Provide hyperlinks to your website

If you publish an article on an outside website, be sure to provide a hyperlink to your website. This makes it easy for readers to find you. In an interesting twist on this strategy, Byrnes also suggested commenting online (with an appropriate link) on articles or blogs that your target audience reads. This could introduce you to people who read those comments.

4. Reduce the potential for misquotes

You will be misquoted or misinterpreted at some point in your PR experience. It won’t be malicious. It may be something you can avoid by taking an extra step.

The extra step is to email the reporter with key points after your conversation. If the reporter shares questions prior to your call, you can prepare and send your key points in advance.

A  note from my personal experience as a reporter: Don’t expect reporters to send you articles for your approval prior to publication. They may let you check the accuracy of your quotes before they submit the finished story. However, the more demands you make, the less attractive you’ll be as an interviewee.

5. Follow reporters on social media

It’s much easier to interact with reporters on social media than by traditional means. If you retweet and make positive comments on their articles, you’re helping them look good on the job.

Have these tips worked for you?

If you’ve tried these techniques, I’d like to hear from you about your experiences.

5 replies
  1. Krista Magidson
    Krista Magidson says:

    Super ideas! I especially like the one about hiring an intern who’s a journalist.
    Also, linking your articles to your website will help to improve your website’s search engine rankings.
    Cheers!

  2. Mike Byrnes
    Mike Byrnes says:

    Susan, great write up. I like how you organized the points. Hopefully they help advisors become even more successful! – Mike Byrnes, President of Byrnes Consulting, LLC, http://www.byrnesconsulting.com

    PS Just tweeted this out at @byrnesconsultin using the #FPAofMA hashtag.

  3. Susan Weiner CFA
    Susan Weiner CFA says:

    Thank you, Krista and Mike!

    Krista, that’s a good point about website SEO.

    Mike, it’s always gratifying when a speaker is happy with what I write. Thanks also for sharing this piece on Twitter.

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