All Press Releases for February 14, 2008

Offering Continuing Education to Attorneys Leads to an Increase in High Net-Worth Clients

As many financial firms are finding, building a network of relationships between financial wholesalers, financial advisors, and local attorneys can lead to an increase in the number of high net worth clients.

    /24-7PressRelease/ - BROOKFIELD, WI, February 14, 2008 - As many financial firms are finding, offering Minimum Continuing Legal Education (MCLE) credits to attorneys helps them increase their number of high net worth clients.

Currently, 43 states require attorney's licensed in their state to obtain MCLE credits on an annual or biannual basis. Offering credits to individuals affected by the requirement can open the door to a number of financial opportunities.

"It's really an untapped market," says Alan Krenke, President and CEO of Quest CE. "By offering MCLE credits for presentations, wholesalers are able to develop relationships with attorneys who advise high net worth clients."

Developing this relationship with attorneys, and familiarizing them with the financial products offered by their firm, can increase sales of insurance and investment products. When advising a high net worth client, the topic of investments often arises. While the attorney cannot make any financial suggestions, they can direct them to a financial advisor offering the wholesalers products.

"Often times, a wholesaler and the manager of a financial advisory branch will coordinate the meetings, bringing together attorneys, certified public accountants, and financial advisors," says Krenke. "This creates a network of local professionals better suited to understand and cater to the needs of their clients."

About Quest CE:

Over the past 20-plus years, Quest CE has built a reputation of being the premier provider of Continuing Education to the financial services industry. In addition to offering CE for professionals holding insurance licenses and professional designations like the CFP, CIMA, CLU/ChFC, and CPA designations, we also provide a complete spectrum of training solutions.

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Contact Information

Michael Halvorsen
Quest CE Solutions
Brookfield, WI
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