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How these financial advisors are using social media to grow their business

How these financial advisors are using social media to grow their business

Finance
Petri Oeschger | Moment | Getty ImagesOne of the best ways financial advisors can bolster their credibility and reach potential clients is available for free.It's called social media.However, merely joining Twitter and Facebook won't cut it, according to Dasarte Yarnway, founder of Berknell Financial Group in San Francisco.He shared his views about building a brand on social media at the Wealth/Stack conference in Scottsdale, Arizona. Yarnway also hosts "The Young Money Podcast.""Outside of opening the account, you need to join the conversation," he said. "Engagement is key; finding your voice is the second thing."Used correctly, social media can provide financial advisors with an outlet to showcase their expertise, network with their peers and meet potential clients."We really look at soc...

Need More Cash? Slash Your Spending on These 5 Things

Finance
[unable to retrieve full-text content]Increasing your income is one way to get more cash but it s usually a hard route to take It often involves working longer or harder which leaves you with less time to enjoy the extra cash you re earning But there s another option You can free up more cash by reducing the amount Latest Articles in
Live in these cities if you want to save plenty of cash

Live in these cities if you want to save plenty of cash

Finance
Walter B. McKenzie | Getty ImagesWhere you live can have a big impact on whether you're able to amass a security nest egg.Experts generally recommend you have at least six months' cash on hand in case you lose your job or have a medical or other emergency.However, data from personal finance website Bankrate show that there are cities where you're more likely to stash away that rainy day fund — and others where it's nearly impossible to get out of the red.Cities were ranked based on housing costs, such as mortgage, insurance and property taxes. Other expenses, such as groceries, health care, transportation and utilities, were also factored in.Memphis came up on top. The city's residents can save more on an annual basis than they need in their six-month emergency savings fund, according to B
Here’s the best financial advice these 10 advisors ever received

Here’s the best financial advice these 10 advisors ever received

Finance
10'000 Hours | DigitalVision | Getty ImagesDoling out advice on money matters is the stock in trade of the financial advisor. After all, it's in their job title. So financial advisors, financial planners, wealth managers and the like are used to offering up advice on a daily basis to paying customers.But what about the advisors themselves? What's the best piece of financial advice they ever got? Presumably financial advisors, too, consult other experts on financial matters, much as doctors need another physician for their own medical care. Or perhaps it was a parent, a college professor or even a real estate agent who offered the most important financial insight they ever got.We asked nine members of the CNBC Digital Financial Advisors Council, along with Helen Modly of Buckingham Strategi...