A recent Fidelity Charitable study indicates that advisors who have added charitable giving to their suite of services have experienced 3x growth (approximately 30% more assets) than advisory practices that don’t offer charitable giving.

In a recent conversation on the Beacon Flash Podcast, Niharikah Shah, EVP, Chief Growth Officer at TIFIN Wealth told host and managing partner of Beacon Strategies, Chip Kispert, why she believes this is the case. 

Charitable giving, Shah explained, gives advisors a unique opportunity to provide clients with a more personalized experience. Helping them put together a charitable giving strategy not only creates a more comprehensive approach to financial wellness, but it also enables advisors to better understand what their clients care about the most – which in turn, deepens relationships and can lead to consolidated assets, more referrals and greater loyalty. 

That hyper-personalized client experience is key to advisors’ success, and Shah believes technology unlocks the ability to deliver it at scale.

Innovations in data science, artificial intelligence and machine learning have accelerated the way the wealth management industry facilitates stronger long-term client relationships that are based on a foundation of client delight, trust in their advisor, and recommendations based on personal preferences, timelines and goals. 

Tune in to the full Beacon Flash Podcast episode to learn more about advances in technology utilization and find out why using technology in a meaningful way to help both advisors and clients is what inspires Shah to get out of bed in the morning.

Overview
Charitable Giving (02:43)
Communication with Clients (17:15)
Adopting Technology (22:14)

Resources
Fidelity Charitable Study
Niharikah Shah's LinkedIn
TIFIN Wealth's Website
Chip Kispert's LinkedIn
Beacon Strategies' Website