Explore the 12 Best Books for Financial Advisors
I’ve read hundreds of books for financial advisors over the years. Some of them were okay and others completely revolutionized the way I do business.
As a financial advisor, I know you’re busy. You don’t have time to waste on “yet another book” that promises results but doesn’t deliver. To help you out, I’ve gathered a list of the top books for financial advisors in 2021.
I’ve assigned each one a “best for” category, so you can quickly spot the best books for streamlining your practice, sharpening your marketing message, and more.
Look through the list below (or watch this video) and let me know which one you plan on reading first!
Top Books for Financial Advisors in 2021
1. The Sustainable Edge by Ron Carson & Scott Ford
Best book for financial advisors looking for work-life balance
The Sustainable Edge: 15 Minutes a Week to a Richer Entrepreneurial Life is one of my personal favorites. It helps advisors focus on their most important work each week, so they can create a life that gives them true fulfillment. The book is divided up into nine chapters—each of which ends with worksheets and templates to help you improve productivity.
It’s hands down one of the best books for new financial advisors or seasoned professionals who are looking to maximize productivity.
Ron Carson and Scott Ford, the authors, are household names in the financial industry. Ron is the founder and CEO of Carson Wealth, which has $15 billion in assets under advisement. Scott is the CEO of Cornerstone Wealth Management Group and ranks in the top 1% of all LPL financial advisors.
Ron Carson recently joined me as a guest on my podcast, The Marketing Podcast for Financial Advisors. We did a deep dive into financial advisor succession planning and what you need to know about selling your firm. If you’re looking to sell your practice soon, this podcast is a must-listen.
2. Getting Things Done by David Allen
Best book for financial advisors who have too much to do and too little time
It’s nearly impossible to have a clear head when there are a million things on your to-do list and you feel pulled in every direction. Getting Things Done: The Art of Stress-Free Productivity is all about giving you the tips, tools, and tricks you need to be your most productive self. After all, many financial advisors aren’t as successful as they wish because they struggle with time management. This book changes that.
Getting Things Done is written by David Allen, one of the world’s leading experts on organization and productivity. He’s spent the past 30+ years working as a management consultant and executive coach to large companies such as New York Life, the World Bank, and the U.S. Navy.
3. Radical Relevance by Bill Cates
Best book for financial advisors who want to sharpen their marketing message
Radical Relevance is an amazing new book that helps advisors articulate what they do best and whom they serve. In today’s digital world, prospects and clients are overloaded with noisy marketing messages. This book helps you pinpoint your value proposition and stand out from the crowd.
It’s one of the best books for new financial advisors who don’t want to waste years figuring out who their A+ clients should be. You’ll get it right the first time.
Bill Cates has helped over 20,000 financial advisors get quality clients. He’s a Hall of Fame keynote speaker and one of my industry mentors.
Wondering how to choose the best niche for your firm? Bill and I co-host a workshop webinar on how to choose a specialty and create a radically relevant marketing message.
4. The Million Dollar Financial Advisor by David J. Mullen, Jr.
Best book for financial advisors who want to be top producers in the industry
Ever wonder how the top financial advisors became so successful? The Million Dollar Financial Advisor interviews 15 mega-successful advisors who generate at least $3 million in business annually. The author, David J. Mullen, Jr., condensed their stories down into 13 step-by-step lessons that teach you how to build a winning practice—whether you’re a new or experienced financial advisor.
If you’re looking to strengthen existing client relationships, build a strong referral network, and learn how to be successful regardless of market conditions, then this book is for you.
5. The Marketing Guide for Financial Advisors by Claire Akin
Best book for financial advisors who want to win new clients in today’s digital world
I meet with advisors every day who are frustrated by the fact that old marketing techniques don’t work anymore. To make matters worse, many of these advisors have been burned by expensive marketing schemes that don’t produce results.
In my latest book, The Marketing Guide for Financial Advisors, I demystify marketing for financial advisors and give concrete steps on how to hone your niche, generate leads online, stay engaged with clients, improve your social media presence, and more. I also break down each major digital marketing channel and give tips on how to use each one to grow your AUM.
It’s one of the top books for financial advisors who are sick of wasting money on marketing and are ready to find out what really works today. You can read it as an e-book on digital marketing services, or you can buy a paper copy through Amazon.
6. Storyselling for Financial Advisors by Scott West & Mitch Anthony
Best book for financial advisors who want to connect with prospects through storytelling
The financial services industry gets a bad rap for being dull and boring. Storyselling for Financial Advisors teaches you how to connect with your prospects through stories instead of spewing out a long list of facts, statistics, and numbers.
Financial advisors can leverage the techniques in this book to calm their clients’ fears, eliminate their doubts, and improve their lives. Plus, it features concrete examples of how to alter your message to fit your target audience, so you can effectively communicate with women, the affluent, and those over 50.
7. Ineffective Habits of Financial Advisors by Steve Moore & Gary Brooks
Best book for financial advisors who want to streamline their practice
In Ineffective Habits of Financial Advisors, the authors break down seven seemingly harmless habits that prevent financial advisors from building successful, satisfying businesses. Each chapter starts out with one ineffective habit you may possess as a financial advisor. Then, it provides step-by-step strategies, templates, and checklists to help you break that bad habit and replace it with a winning one.
8. The Art of Selling to the Affluent by Matt Oechsli
Best book for financial advisors who want to attract and retain wealthy clients
If you’ve ever wanted to crawl into the minds of your affluent clients to figure out what makes them tick, then this book is for you. The author, Matt Oechsli, includes a breadth of statistical data that reveals how affluent people think, feel, and react to challenges they face on a day-to-day basis. The author then uses this data to show you how to tighten up your marketing message so you can attract, service, and retain affluent clients for decades to come.
9. The Go-Giver by Bob Burg & John David Mann
Best book for financial advisors who want to give back
Many business owners think that they need to be successful before they can give back. The Go-Giver turns that logic on its head. Instead of giving after you’ve achieved success, this book challenges the idea that being a giving person is what leads to success in the first place.
Unlike other suggestions on my list, this one is a bestselling fiction novel. It follows the story of a character named Joe who learns that giving is the secret to living a rich, full, and fulfilling life. If you’re looking to find more meaning in your business or personal life, I highly recommend this book.
10. The E Myth: Why Most Businesses Don’t Work and What to Do About It by Michael E. Gerber
Best book for financial advisors who want to increase revenue
Most of the advisors I work with know financial planning through and through, but they haven’t built their businesses in a way that is scalable or delivers the same quality of service to each client. The result is that they’re burned-out and unable to grow past a certain revenue. This book explains how to overcome that.
The E Myth has sold over 5 million copies since publication and is listed on Amazon’s Best Seller list for small businesses.
11. The LinkedIn Guide for Financial Advisors: Six Steps to Identify Qualified Prospects and Generate Referrals by Claire Akin
Best book for financial advisors who want to generate referrals through LinkedIn
The LinkedIn Guide for Financial Advisors is another great e-book on digital marketing services, specifically LinkedIn and how to use it as a tool to generate referrals.
The book is filled with relevant examples and success stories from independent financial advisors who use LinkedIn to find qualified prospects. In the book, I show you how to:
- Optimize your LinkedIn profile
- Expand your network
- Search for and identify qualified prospects
- Use content marketing on LinkedIn to attract new leads
- Ask for an introduction from someone who knows and trusts you (without seeming desperate or scammy)
This is one of the top books for financial advisors who are looking to up their LinkedIn game and use it as a tool to duplicate more of your favorite clients.
12. So You Want to Be a Financial Planner by Nancy Langdon Jones
Best book for new financial advisors
So You Want to Be a Financial Planner is one of the best books on becoming a financial advisor. It’s written by Nancy Langdon Jones, a Certified Financial Planner. Bob Veres and Michael Kitces write forwards for the book, so you know it’s a good one.
In the book, Nancy goes over the building blocks to a financial planning career. She also gets into specific topics like how to set up shop and deal with dreaded regulatory stuff. If you’re looking for any financial planning books for beginners, this is your ticket!
That’s a Wrap on the Best Books For Financial Advisors!
Are you looking to hone your skills as a financial planner, RIA, or independent advisor? I hope you read some of these 12 top books for financial advisors. If you do, please let me know what you think.
Are there any other books for financial advisors you think should be added to the list? I’m always looking for a new book to read, so drop them in the comments below.