"Amid Market Gloom, Fund Manager Fights Against Jargon"

Are you using too much jargon in your market commentary? 

Read “Amid Market Gloom, Fund Manager Fights Against Jargon” for the tale of a British fund manager trying to eliminate jargon and wordiness.

Here are most of the terms he’s fighting:

  • Aggressively
  • Backdrop 
  • Basis points
  • Bets
  • Drawdown
  • Going forward
  • Is primarily engaged in
  • Headwinds, tailwinds
  • Musings
  • Names
  • On the back of
  • Perfect storm
  • Space

Some of these are okay with me. “Headwinds” bothers me the most. The article suggests “positive trends” as an alternative. “Basis points” is one of my pet peeves.

What investment jargon are you battling?


To "dear" or not to "dear" in your email

What salutation should you use to start a business email? 

  • Dear? 
  • Hello? 
  • Something else?

I typically open with the person’s name followed by a comma. Like this

Susan,

This is how 95% of my business correspondents start their emails.

Some people use “Dear,” then the recipient’s name. That’s essential for a business letter, but it’s too intimate for a business email. At least, that’s how it feels to me.

I was surprised to see that the authors of Send: Why People Email So Badly and How to Do It Better argue for using “dear.” They don’t like my approach. They say:

For some reason, people who would never in a letter write “Jim” or “Bob” or “Mr. Smith” with no introductory word beforehand feel no hesitation in doing so in an email…. But it strikes us as rude to bark out someone’s name like that, even in an email, especially if you don’t know your correspondent.”

I reserve “Dear” for my correspondence with friends. Or for replies to emails in which I’ve been addressed as “Dear Susan.” I think it’s usually appropriate to echo the salutations used by the person with whom you’re corresponding.

I don’t have strong feelings either way about starting an email with “Hello” and then the name of the recipient. If Allan emails me with “Hello, Susan,” I’ll “Hello, Allan,” back to him.

If you read my “Should you say ‘No’ to ‘Please,’ ” you’re probably not surprised to find me disagreeing with the authors of Send, as did most of the respondents to my reader poll on the use of please in emails.

So, how would you address an email to me? Would you use one of the following salutations?

  • Dear Susan:
  • Dear Ms. Weiner:
  • Hello
  • Hi
  • Hi, Susan
  • Ms. Weiner,
  • Susan,

 

"Financial services marketers must restore trust"

In the current environment, small business “decision makers are much more likely to choose the safe choice over the best choice,” according to Gal Borenstein of The Borenstein Group, interviewed in “Financial services marketers must restore trust” in DM News

That may mean picking a bigger, seemingly more stable financial services provider over a smaller provider.


What you’re missing if you don’t blog

Financial planners who don’t blog are missing out on a great opportunity to connect with prospective clients, according to “Social media in financial planning — the sweet spot and the sweet gap.” Why? Because many of your most desirable prospects read blogs.



On the other hand, if you do blog, you’re in a minority. Apparently fewer than 1% of financial planners blog, according to research from Kahuna Content.


Thanks to Bill Winterberg for bringing this information to my attention.


Using your client’s house to explain the market

I like this example of plain talk cited in Eric Rasmussen’s “Who Ya Gonna Call?” in Financial Advisor Magazine (Dec. 2008).

Michael Kresh of M.D. Kresh Financial Planning uses a down-to-earth image, as Rasmussen describes.

To explain the market to clients, he asks them to imagine what would happen if they were forced to sell their house in 24 hours: A home worth half a million dollars would suddenly plummet to about $100K. And that’s just what’s going on with the stock market.

Would you "robo call" your financial planning clients?

I wouldn’t.

I winced when I saw “robo calls” among the crisis communications tools recommended by a marketer who shall remain anonymous. This person suggested using robo calls to invite financial planning clients to a quickly organized meeting or conference call at a time of crisis.

Robo calls. Those automated, pre-recorded phone messages that jam up my phone line even after I hang up. I don’t care what their topic is. I do not want to be robo-called.

But is there a good alternative for speedy communication with many people? If you’ve got 300 clients, like some investment advisors I’ve known, it isn’t practical to call each one individually. Letters aren’t fast enough. Email blasts require that you have email addresses for all of your clients–and that they pay attention to email. 

Maybe robo calls would be okay if you get your clients’ permission in advance to use this method only in times of crisis.

What do YOU think?

"50 Things Your Customers Wish You Knew"

“50 Things Your Customers Wish You Knew” by Sonia Simone  on the Remarkable Communication blog gives you some great insights into your clients.

Client opinion #10 is: “I don’t understand a lot of the messages you send me. Can you make them clearer?” That resonates with me.

I wonder about #16, “The wealthier I get, the more I like free stuff.” Is that true of your clients?

How about #34? “I have the attention span of a goldfish. Go too long without contacting me and I’ll simply forget you exist.

Most important of all, at #50: “It really is all about me.” 

Can you add something to this list that’s specific to clients of financial advisors? 

I found “50 Things” thanks to “Top 10 Blog Posts for Writers (The Best From The Best in 2008!)”  by Michael Stelzner.


"The Seven Dirty Words You Can’t Say in Email Subject Lines (Plus 100 Others You Shouldn’t Use, Either)"

You don’t want your emails to get tagged as spam. So stay away from the words listed in “The Seven Dirty Words You Can’t Say in Email Subject Lines (Plus 100 Others You Shouldn’t Use, Either).”

This list is old, so keep your eyes open for updates. If you ever look at your spam folder, you can probably identify questionable words that haven’t made it onto the list yet.


When NOT to personalize your email’s subject line

Personalizing your email subject lines with the recipient’s name—for example, “Susan, can you attend meeting on Feb. 12?”–will always increase your readership. 

Or so you’d think. But that’s not true according to an article about email subject lines by Mark Brownlow on Email Marketing Reports.

If your email recipient doesn’t know you well, they may assume your email is spam. Using first names in the subject line is a classic spammers’ technique.

“If you haven’t got a real ‘relationship’ with your subscriber as such then maybe personalizing isn’t the way to go as they may see it as being artificial or spammy,” said Kath Pay, as quoted in Brownlow’s article.

I think that using your recipient’s name is most useful in the subject lines of emails you send to colleagues and clients. They know you’re no spammer. Instead, your use of their name signals that your content is directed specifically at them. They realize they’re not one of gazillion people who are cc’d on the email. That’s why I recommend this technique in my workshop on “Writing Effective Emails.”

What’s your experience with personalized email subject lines?

 

Dec. 19, 2017 update: I deleted the link to Brownlow’s article at http://www.email-marketing-reports.com/iland/2008/11/subject-lines-iv-personalization.html because the website no longer exists. I also added a link to my email writing workshop.

 

Boost readership of your e-newsletter with powerful subject lines

More people will open your email newsletters if your subject line shows value in the first two words. That’s according to “4 Takeaways from MarketingSherpa’s Newsletter Subject-Line Analysis” (accessible only to MarketingSherpa members).

How do you show value? Start your e-newsletter subject lines with phrases such as:

  • Top Five
  • How to
  • Best Time

Your subject line should focus on the benefit that your content provides to readers. It’s especially powerful to indicate that you’re giving readers information they can act on.


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