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How Financial Professionals Can Make Themselves More Referable

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Financial professionals earn more referrals when clients feel emotionally safe recommending them, clearly understand their value, and have simple tools to share their name and contact info.

Kitces Research shows referrals are the most widely adopted marketing tactic by financial advisors (93%). 1

Yet most financial professionals receive referrals from fewer than 5% of their clients.2

You can deliver great service and build strong relationships—and still watch referrals trickle in. That disconnect usually isn’t about your value.

It’s about how clients perceive the act of referring. To unlock more referrals, shift your focus from asking for them to becoming referable by understanding what drives client behavior and learning how to work with it.

A male and female in formal attire engage in a productive dialogue, sharing documents across the table in a well-lit office setting.

Here's what we'll cover:

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Why Referrals Feel Risky to Clients

When clients refer someone to you, they’re putting their own reputation on the line. If the experience goes well, they feel validated; if it doesn’t, they may feel responsible, embarrassed, or even guilty. This emotional tug-of-war is often invisible to financial professionals. But it’s very real to clients—and it shapes their willingness to refer. Understanding that dynamic lets you change your approach. Instead of pushing for introductions, you start removing the perceived risk of referring.
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How Financial Professionals Can Reframe the Referral Conversation

Most financial professionals don’t intend to position referrals as favors — but that’s often how it comes across. When you ask directly for names, clients may feel put on the spot, making the request feel transactional, even if your intent is genuine.
  • Tip: Instead, frame referrals as opportunities for clients to help someone they care about — by offering a resource like a guide, a checklist, or a book and saying, “Feel free to pass this along if you think someone might benefit.”
This lowers the pressure and empowers your client to deliver value, while also making them feel knowledgeable and well-connected — a role they’re likely to embrace. And when a client does refer someone, celebrate it. A handwritten note or personal thank-you shows you value their trust — and makes them more likely to do it again.
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Help clients explain your value

One of the biggest barriers to referrals is that clients don’t know how to describe what it’s like to work with you. They know that after your time together they feel more confident, prepared, and secure — but can’t articulate how they got there or why it matters. So, help them reflect.
  • Tip: Ask about the challenges you’ve helped them navigate, the decisions you’ve supported, and the outcomes they’ve achieved. This reinforces your value — and gives them the language to share their experience with others.
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Create a Client Experience That Drives Referrals

Referrals are more than a sign of success — they’re a signal of how your clients feel.
Referrals reflect the experience you’ve created, not just the results you’ve delivered. Clients expect professionalism, responsiveness, and results. But those things alone don’t move them to refer. To earn more referrals, you need to create moments that are personal, memorable, and emotionally resonant. Because when clients feel genuinely seen and valued, they become the ones who help grow your business.
  • Tip: Meaningful gestures—like acknowledging a client who paid off their student loans, a win that represents years of hard work, create deeper connection, loyalty, and advocacy.
Consistent communication is another key piece of the experience puzzle.
Clients want to feel supported, not just at review time, but year-round. In fact, women cite communication as one of the top two things they want from a financial professional — and a lack of it is a common reason clients leave.3 When clients hear from you consistently, you stay top of mind and top of their referral list.

Want to go a step further? Involve clients in your growth.

Ask for feedback. Include questions like, “What could I do to become more referable?” It shows humility, strengthens the relationship, and turns your clients into active participants in your success. That builds trust — and trust is the foundation on which referrals are built. When clients feel like they’re part of your journey, they want to help you grow. Referrals also come from the experiences clients associate with you — not just one-on-one interactions, but how you show up in your community. Hosting events or supporting causes that matter to your clients gives them something to talk about and something to invite others to. People share what moves them, not what feels transactional. So, when you create an experience worth remembering, clients will tell others about it. And that builds the kind of reputation that attracts not just more referrals — but more of the right ones.
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How the Psychology of Financial Planning Could Lead to More Referrals

Today’s clients increasingly want help navigating the emotional side of money. This is especially true for women and the next generation. The CFP Board defines the psychology of financial planning as “identifying and responding to attitudes, behaviors, and situations that affect decision-making, the client-planner relationship, and overall well-being.”4 In practice, that means paying attention to how clients think about risk and react to volatility. It also means noticing where fear or hesitation show up. That human-centered support builds deeper trust over time. CFP Board research found psychology-based services were the only offering clients directly linked to frequent referrals. When clients feel understood at that level, they become far more comfortable sharing your name.
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How Financial Professionals Can Make Referrals Easier to Act On

When clients want to refer, friction can get in the way.

If they don’t know how to describe what you do or who’s a good fit, the moment passes — and the opportunity is lost.

That’s why a simple, well-designed referral resource, like our Client Referral Flyer, is helpful.

  • Tip: Consider mailing the Client Referral Flyer to clients shortly after a meeting. Pair it with a brief thank-you note for a personalized touch. It keeps you top of mind but also gives clients time to think about who could benefit—without feeling put on the spot in-person.
By removing barriers and making it easy for clients to share your name, referrals stop being a surprise but a steady source of growth.

Key Takeaways

  • Clients hesitate to refer because of emotional risk, not lack of trust
  • Reframe referrals as value-sharing, not favors
  • Help clients articulate the transformation they’ve experienced
  • Create emotionally resonant moments beyond technical results
  • Communicate consistently throughout the year
  • Integrate behavioral insight into planning conversations
  • Make referral tools simple and easy to share

Want More Referrals — Without the Awkward Ask?

Download our customizable Client Referral Flyer to give clients a confidence-boosting way to explain who you help, how you work, and what to expect.
Get Referrals with Ease

Related Posts

1 Kitces Research On The Best Advisor Marketing Strategies

2 Absolute Engagement Survey Reveals Major Opportunities for Financial Advisors to Build Deeper Relationships with Clients | Absolute Engagement

3 Ask our sales team about our Win Her Trust presentation on how to gain and retain female clients to future-proof your business in 2025 and beyond: 800-535-8110.

4 Looking for more referrals? Address the psychological aspects of financial planning – Janus Henderson Investors – US Advisor

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