9 Best Financial Advisor CRM Software In 2024

Upfront Conclusion

The best financial advisor crm right now is Bonsai and Salesforce

Top 9 Best Financial Advisor CRM Software

Bonsai – Best For Fast Communication With Clients
Salesforce – Best overall for experienced users
Redtail Technology – Best overall user experience
Wealthbox – Best value for smaller firms and independent advisors
Hubspot – Best user-friendly option
Monday.com – Best for newcomers – (no code required)
Clickup – Best all-in-one for teams
Copper – Best for building customer relations
Method:CRM – Best customizable option

1. Bonsai – Best For Fast Communication With Clients

PRICING: You can enjoy Bonsai for $24 every month on the monthly Starter plan. Choosing an annual package will help you get a discount of two months (up to 30%).

If you’re searching for the best financial advisor CRM software, look no further than Bonsai. This platform has everything you need to manage relations with clients and improve your service quality. A clutter-free dashboard will help you keep your customer list safe in one place.

You can also communicate with clients promptly using the client portal system. It will help you update customers on their project progress. The software also allows you to offer a unique project view to your clients.

This means that your clients can manage the payments you have sent them and compare the billing hours with their records. Your customer can also modify the contracts you’ve sent them and sign them using an e-signature.

KEY FEATURES:

Organize your leads based on the chances of them becoming your paying customers
Communicate with clients promptly using the robust client portal system
Allows you to relay your queries to operatives easily through email and in-app chat system
You can also send documents to customers through the client portal
Use client profile for specific information such as project rate

REASONS TO BUY:

Affordable than other CRM software
You will also have access to project management and financial management tools
Tracking billable hours is a breeze with Bonsai
Use internal notes for categorizing clients

REASONS TO AVOID:

It offers limited access to collaborators

Visit Bonsai

2. Salesforce – Best overall CRM for experienced users

PRICING: Free trial available, pricing not listed online, must request more information. Subscription based.

Whether you’re starting your business or looking to grow, Sales Cloud can help you win more deals by building better customer relationships.

If you’re ready to grow, you can connect your entire business to Salesforce with a single platform that helps you build better customer experiences.

KEY FEATURES

Offers the most integration capabilities
Offers a highly capable communication tool to help communicate with team members and clients
Great option for businesses of any size, scalability of this software is excellent

REASONS TO BUY

Excellent customer service
Flexible and customizable to your business needs
Detailed reporting available

REASONS TO AVOID

Not the most user-friendly software, especially for beginners
Some bugs have been noted when it comes to automated processes and receiving inaccurate data.
Time-consuming initial setup

3. Redtail Technology – Best overall user experience

PRICING: Free trial available, plans start at $99/month. Subscription based.

Redtail Technology is a cloud-based CRM solution designed for financial professionals, which includes a multitude of tools for managing, recording, automating, reporting, and more.

With Redtail CRM, users can centrally manage all of their contact, lead, and client data in a single solution.

Configurable workflows enable the automation of processes including activity generation and tracking, based on a range of initial events.

Redtail CRM offers a range of account and client reports built in, and users can also utilize custom fields to narrow down and export custom data for analysis at any time.

KEY FEATURES

Templated features like notes and a ‘Quicklist’ for those you regularly contact
Great task and team management features
Reminder feature built-in to help make sure you hit deadlines

REASONS TO BUY

Fairly user-friendly
Easy to integrate and learn
Dashboard feature, making it easy to see everything in one place

REASONS TO AVOID

Does not include a customer database
API not included
Not the best choice for third-party integration
Reporting area needs work, this area is not as user-friendly

4. Wealthbox – Best value for smaller firms and independent advisors

PRICING: Free trial available, plans start at $35/month per user. Subscription based.

Wealthbox is a leading cloud CRM solution that provides advanced capabilities to help financial advisors of all sizes increase their business and foster collaboration among team members. A wide variety of companies use Wealthbox CRM to help them serve clients, streamline operations and grow their businesses.

KEY FEATURES

Excellent customer service rating
User-friendly
Email link to contacts helps create a record of conversations with clients

REASONS TO BUY

Straight to the point software, doesn’t have as many bells and whistles
Mobile access
Intuitive software

REASONS TO AVOID

Mailmerge fields have limitations
Limitations if you’re a larger firm or non-profit
Only basic reporting included

5. Hubspot – Best user-friendly option

PRICING: Free trial and free account available. Plans start at $50/month per user, subscription based.

HubSpot is a CRM platform that helps you put your customers and team on track for success with their customizable, scalable options that meet your needs. Feel confident in growing your business or relationships with HubSpot’s dialed in, intuitive CRM software.

KEY FEATURES

Sales activity and analytics tracking
Easy to use and implement
Excellent customer service rating

REASONS TO BUY

Comprehensive database
Great bang for your buck
Excellent choice for a CRM that can support multiple departments in a company i.e. marketing, sales, finance, customer support, etc.

REASONS TO AVOID

No customizable branding
No expense tracking
No product catalog or meeting management tools included

6. Mondaysales CRM – Best for newcomers – (no code required)

PRICING: free trial and free account available. No credit card required. Plans start at $10/month per user, subscription based.

Easily tailor your CRM to work for you, with Mondaysales CRM; without any development help. Communicate efficiently with your contacts by integrating your email and save valuable time by automating sales processes. With a single click, quickly access all the information you need to close deals. View contact details, understand deal progress, and what needs to be done next. Easily build dashboards in real time with no development help.

KEY FEATURES

Contact and Lead management
Customizable for your business’ needs
Instant overview of each project/deal with the dashboard tool

REASONS TO BUY

Excellent ability to integrate your tasks with your calendar
Automated processes and tracking
Clean interface design

REASONS TO AVOID

This software does send a great deal of promotional emails to you
Limited UI features
In large teams, information can get confused/lost easier

7. Clickup – Best all-in-one for teams

PRICING: Free trial and free account available. Plans start at $5/month, subscription based.

Align your teams, simplify collaboration, and get more done with ClickUp’s flexible all-in-one productivity solution.. Fast-track teamwork with conversations that enable you to tag others, link tasks, assign action items, and more. ClickUp’s flexible structure and work tools makes it easy for enterprise teams to tackle any type of work. Automate routine work and processes with 50+ automation actions, triggers, and conditions.

KEY FEATURES

Customizable branding
Dashboard feature
Social media integration

REASONS TO BUY

Very user-friendly
Ability to invite guests for free
New, useful features continually rolled out

REASONS TO AVOID

Not as user-friendly on android devices
Not the ideal app for independent/small businesses
List and hierarchy organization can be a bit confusing to learn at first

8. Copper – Best for building customer relations

PRICING: Free trial available, no credit card required. Plans start at $25/month per user. Subscription based.

Manage your contacts, deals, emails and more in one place with the Google Workspace CRM, Copper. Automate tasks and create recurring tasks and notifications. Track deals and set up the process that works for you. Save time by connecting Copper to popular apps and tools such as Salesforce and Adobe Acrobat.

KEY FEATURES

Seamless Gmail plugin
Designed for, and recommended by Google
Automation of tasks

REASONS TO BUY

Excellent customer service
Easy to setup and learn
All your information is in one, convenient place

REASONS TO AVOID

Non-customizable branding
No templates
Real time reporting not available

9. Method: CRM – Best customizable option

PRICING: Free trial available, no credit card required. Plans start at $25/month per user. Subscription based.

Method:CRM is 100% customizable and 100% code-free. The patented two-way QuickBooks sync instantly updates customer data, invoices, payments, and more in both Method and your QuickBooks Desktop or Online account. Works on any device – from iOS to Android to your laptop or desktop. Focus on building relationships and growing your businesses, while we provide the tools you need for success,

KEY FEATURES

Great integration with QuickBooks
User-friendly
Excellent customer service rating

REASONS TO BUY

Cost efficient
Clean interface
Customizable branding

REASONS TO AVOID

No campaign or communication management tools available
Does not include an internal chat feature
No scheduling or project management features

References and Links

https://www.investopedia.com/best-crm-software-for-financial-advisors-5084287
https://crm.org/crmland/best-crm-for-financial-advisors
https://www.getapp.com/it-management-software