Best Tools for Financial Advisors to Use

This article contains the best tools for financial advisors to use. As a financial advisor, helping clients with their goals can be difficult if you don’t have the right tools. However, we are now in a world of digital technology.Best Tools for Financial Advisors to Use

So, with a variety of applications, products, services, and software available, your business can have the edge it needs. With these tools, you can achieve productivity within the shortest time possible. Well, if you are a financial advisor interested in growing your business, then this article is for you. Read further for more information.

Best Tools for Financial Advisors to Use

Below are the best tools for financial advisors to use

Google Alerts

With Google Alerts, you can stay on top of your reputation online. It allows you to track your social media marketing efforts and online presence. Whenever your personal or business name is mentioned online, you’ll receive a notification from Google Alerts.


Being successful as a financial advisor largely depends on your ability to use social media. Hence, Hootsuite is a social media management tool that’s ideal for financial advisors. It allows you to bring all your social media accounts to a single location. On this platform, you can create, plan, and schedule your posts to effectively reach out to more clients.

Additionally, Hootsuite supports the integration of social networks like Facebook, Instagram, Pinterest, YouTube, LinkedIn, and TikTok. This feature makes it easier for you to streamline your marketing and achieve more powerful reporting.


This tool offers a variety of marketing software for financial advisors. With this tool, advisors can create personalized experiences for their clients so that they can expand relationships, reach more prospects, and meet their goals.


Dropbox is a file-hosting service offered by American Dropbox, Inc. This service offers cloud storage, personal cloud, client software, and file synchronization.

It allows you to connect easily with your clients and share important information with them. With this tool, you can stay organized and connected to your clients from anywhere.

CRM Software

Through the help of this application, you can maintain a good relationship with your clients. It keeps track of all your clients and records their information in one place. Additionally, this tool also keeps notes from your previous conversations. And reminds you of little details like your client’s birthday.


With this tool, you can make your work as a financial advisor easier and faster. Instead of wasting time scheduling appointments, Bookeo will schedule them for you. This application gathers all the information that you’d need like names, phone numbers, addresses, and phone numbers. Then it uses the information to schedule your appointments for you.

Precise FP

This is another tool that can help you to stay more organized. It helps you to gather data for scheduling appointments. It also creates user-friendly and accurate forms with all the information you need.

Black Diamond Wealth Platform

Black Diamond is a tool that helps with portfolio management based on cloud technology. With this tool, you can help your clients manage their investments and make good financial decisions.

It even offers financial advisors features like information aggregation, daily account reconciliation, customizable reporting, and rebalancing.

Black Diamond Mobile App

This app is built to complement the Black Diamond wealth platform. However, it is for clients. It allows you to keep your clients updated about things related to their accounts and portfolio.

In addition to this, this app also makes it easier for you to collaborate with your clients via a secure messaging system.

Retirement Nest Egg Calculator

Nest Egg Calculator is also one of the best tools for financial advisors. It is a Google application that you can use to see into your client’s future in retirement. With this tool, you can help your clients prepare for a better retirement.

Nest Egg Calculator breaks down clients’ futures into assets, debt, taxes, and income. Additionally, this app allows you to input different variables. You can enter scenarios like a career change and it will you everything you need to help them plan their future better.

Paladin Research and Registry

This tool helps clients easily locate financial advisors to work with. As a financial advisor, it will display your name for clients who need financial guidance. When you pay a fee to the organization, it will rate you based on your experience and certification for clients to see.


What Do Financial Advisors Do on a Daily Basis?

Financial advisors help clients to plan for short, medium, and long-term goals like saving for retirement or large purchases. They help clients to build wealth and manage risk. Also, they help clients to invest their money based on their decisions. Additionally, some financial advisors also provide tax advice and sell insurance.

What Are Some Tools Used for Financial Planning?

Some common tools used for financial planning are

  • Education plans with insurance.
  • Liability insurance calculator tool.
  • Health insurance calculator.
  • Beta portfolio hedge estimator.
  • Property insurance calculator.
  • Life cover calculator.

Who Are the Top Financial Advisors?

Some of the top-rated financial advisory firms are

  • Heritage Investment Group.
  • Salem Investment Counselors.
  • Woodley Farra Manion.
  • Albion Financial Group.
  • Edgemoor Investment Advisors.
  • Leavell Investment Management.
  • Halbert Hargrove Global Advisors.
  • Dana Investment Advisors.

What Apps Do Financial Advisors Use?

There are so many apps financial advisors make use of. However, some of the best ones are

  • eMoney Plus.
  • RightCapita
  • eMoney Pro.
  • MoneyGuidePro
  • Orion Financial Planning.

What is the Best Finance Software to Make Use of?

Some of the best financial software to make use of includes

  • Personal Capital.
  • Mint
  • TurboTax
  • Tiller Money.
  • Quicken
  • YNAB
  • FutureAdvisor



Please enter your comment!
Please enter your name here