Since the inception of digitization, the need for physical proximity to work has been eliminated. This opens so many new gateways for business owners and remote workers, to connect with like-minded individuals. As a result, even working becomes less tedious. With Virtual Assistant services, all industries are getting the chance of digital evolution. Imagine a scenario where a financial advisor forgets to file an important paper before the deadline because they were busy handling a client inquiry. Goodwill takes businesses a long way, especially for professionals. So, to avoid these tiny mishaps, professionals like financial advisors can easily hire virtual assistant services. In this blog, let’s see why financial advisors need virtual assistant services and who these VAs are. 

What are virtual assistants for financial advisors?

A virtual assistant that typically specializes in the finance niche is most useful for financial advisors looking for VAs. Also known as the financial virtual assistant, these remote workers are specialized in administrative, operational, and technical help to finance professionals. This allows the advisor to focus on their client’s financial planning. 

Why do Financial Advisors need Virtual Assistant services?

While working independently, a financial advisor has plenty of scope for growth, based on their skills. However, they are also vulnerable to the following types of problems: 

Constant Changes

The finance industry is constantly evolving. Hence, financial advisors need to stay at the top of their game. Be it changes in the law, local regulations, or even the tax filing process and investment procedures, staying up to date is the only way to move ahead in the game. 

Managing Information

Reading never stops in the finance industry. Advisors always need to do research, analysis, and prepare reports based on those findings. This can get overwhelming for a single person to manage. 

Building Trust

Since these professionals are hired to plan the finances, they also get access to confidential and sensitive information of their clients. Hence, to attract customers, the financial advisor will have to build customer relationships and trust. 


We’re all aware of how crowded this industry is. Making a long-lasting impression in the financial industry is very tough. Hence, financial advisors need effective marketing strategies to promote their business efficiently. 

Importance of Virtual Assistants for Financial Advisors

The problems mentioned above can easily be terminated if the financial advisor hires virtual assistant services. Here’s why:

Increased Efficiency and Productivity

By offloading administrative tasks like scheduling appointments,  managing client data, and preparing reports, virtual assistants free up the advisor’s valuable time. This allows them to focus on core revenue-generating activities like client acquisition, portfolio management, and strategic financial planning.

Enhanced Client Service

With more time available, advisors can dedicate more attention to their clients. Virtual assistants can handle client communication, appointment scheduling, and even basic financial questions,  leading to a more responsive and personalized client experience.

Improved Scalability

Virtual assistants provide a scalable solution for growing financial firms. As the advisor’s client base expands, they can easily add more virtual assistant support without the overhead costs of hiring full-time employees.


Hiring virtual assistants is generally more cost-effective than hiring full-time staff.  Financial advisors can find virtual assistants with specialized skills and experience at a competitive rate.

Marketing and Lead Generation

Some virtual assistants can help with marketing efforts like social media management and email campaigns, allowing advisors to reach a wider audience and generate new leads.

Financial Advisors Virtual Assistant Offerings

can be a valuable asset for a financial advisor, particularly when it comes to streamlining processes and freeing up the advisor’s time to focus on core financial planning activities. Here’s how a VA can assist in specific areas:

Financial Planning

  • Data Gathering and Input: The VA can collect client financial information, organize it into spreadsheets, and update client profiles in the CRM.
  • Preparing Basic Financial Reports: The VA can generate reports based on pre-defined templates, such as net worth statements and cash flow summaries.
  • Client Onboarding: The VA can handle the initial paperwork and data collection for new clients, saving the advisor time for initial consultations.

Investment Management

  • Research and Analysis: The VA can research basic investment options based on predetermined criteria set by the advisor.
  • Portfolio Rebalancing (Basic): The VA can help with basic portfolio rebalancing tasks based on pre-defined instructions from the advisor. (Compliance regulations may limit a VA’s role in this area).
  • Client Communication on Basic Investment Updates: The VA can draft basic communication to clients on general investment performance updates (avoiding specific investment advice).

Retirement Planning

  • Data Entry for Retirement Calculators: The VA can input client data into retirement planning software after the advisor has already determined the appropriate tool.
  • Preparing Basic Retirement Scenarios: The VA can generate basic retirement income projections based on predefined formulas set by the advisor.

Tax Optimization

  • Data Organization for Tax Preparation: The VA can organize and categorize client financial documents for tax professionals.
  • Basic Research on Tax-Advantaged Accounts: The VA can research basic information on tax-advantaged accounts based on the advisor’s guidance. (Due to complex tax regulations, a VA cannot provide tax advice).

Estate Planning

  • Data Gathering for Estate Planning Documents: The VA can collect basic information about client assets and beneficiaries for the estate planning attorney.
  • Preparing Basic Inventories of Assets: The VA can compile a basic list of client assets based on the information provided.

Choosing the right Virtual Assistant for Financial Advisors

Once you decide that you want to hire a virtual assistant, the real problem of choosing the right fit begins. There are thousands of options available out there. So, how exactly, can you – a financial advisor, find the best fit? Here are a few tips from Infinity Business Solutions experts: 

  • Look out for financial services industry experience;
  • The financial advisor VA must also know how to work with financial tools;
  • Check their attention to detail; and 
  • Finally,  look for organizational and time management skills. 

IBS is your one-stop solution for finding the perfect Virtual Assistant for your needs. Our Virtual assistants are not only skilled in tech but also have immense knowledge of their specific niches. Book a consultation with Infinity today and get growing!