AdvisorTweets Support

The Future of AdvisorTweets

Using Wordle word cloud, this is a visual representation of the most common language used on the AdvisorTweets blog. Pat Allen did a fantastic job at analyzing what was happening in the world of financial advisors on Twitter, and Smarsh would like to continue that tradition on the AdvisorTweets blog.

With that said what would you like to see on AdvisorTweets? Want to submit a guest blog post and lend your voice to the community? Email info@advisortweets.com or send a tweet my way at @AdvisorTweets.

Adam Bullock
@AdamatSmarsh

Today’s, ahem, Spring Cleaning

April Fool’s Day was last Thursday, right? Thought so but AdvisorTweets got punked early this morning.

If you came to the site, saw our Twitter page or subscribe to a service that notifies you about un-follows, you might be interested in hearing why AdvisorTweets just upped and un-followed everybody today–everybody but @MarcusGrooms (for reasons we don’t know).

I would have taken a screenshot of the sparkling white site but the look of it gave me the same feeling I had when I saw that blender shred the iPad earlier in the week. Now, that’s not right!

So, here’s what our developers say happened, based on our log files. An Alexa robot landed on the site and somehow spidered its way into our admin page, which was somehow exposed (not anymore, it isn’t!). The admin is our control center, where we add and subtract (rarely) advisors to the site.

Once on the admin page, the robot started following links. It systematically un-followed every darn advisor we’ve painstakingly added to the site since September–with the exception of @MarcusGrooms, who was singlehandedly bearing the advisor flag on AdvisorTweets most of the day.

Luckily, we know who we follow so we manually added names back. It will take the counter a while to climb back up as it’s triggered when an advisor tweets the first time after having been added to the database. Six advisors who we have followed have subsequently protected their accounts and we can’t re-follow them.

Unfortunately, the database you see has been reset to today. We’ve lost our historical tweets and links and trending themes and tags. Spilt milk at this point.

Thanks to those of you who inquired about our whereabouts today. Now that all the cobwebs have been cleared, we’re back and ready to showcase your tweets.

It’s Friday–And We Have Some #FFs For You

There’s a saying that “All news is local”… so when we heard some Twitter usage stats last week, we took them to heart.

Overall, users are becoming more active on Twitter, according to Barracuda Labs. But only 21% of Twitter users are “true Twitter users”—defined as having at least 10 followers, following at least 10 people and having tweeted at least 10 times.

In the last six months, we have seen some new AdvisorTweets accounts burst onto the scene, struggle at finding their voice or interactions and then go dormant. This week we’ve resolved to do something about it. We’re taking responsibility for making our tiny piece of Twitter a more welcoming place.

We’ve added two pages to the AdvisorTweets blog:

  • Why Tweet? (or least create a Twitter account and follow) WiredAdvisor’s Founder and CEO Stephanie Sammons wrote this page describing how advisors can benefit from Twitter.
  • Who To Follow To date, we have abstained from the Follow Friday (#FF) practice because we thought we shouldn’t show preferential treatment. That was the reason we abstained from retweeting advisors’ tweets early on. (We’ve reversed ourselves on that stand and now you’ll find us retweeting to both endorse content and to give a little more profile to a newcomer advisor to Twitter.) Starting today on our Who To Follow page, we’re stepping up by recommending Twitter lists and listing individual advisors by their specialties, as extracted from their bios. Also, we have hesitated to use the @AdvisorTweets account to announce the addition of each individual advisor, and we’re still not going to do that. But we have created a new Twitter list called JustAdded for those of you who want to keep up with the new blood added to AdvisorTweets. We’ll keep advisors on the list for about a month.Finally, if it’s frequency you’re looking for (as well as quality), watch for our release of the top tweeters early next week.

As Compliance departments firm up their policies and procedures and unleash more and more FINRA-regulated advisors onto Twitter, we hope you’ll join us in giving them a warm welcome.

WSJ, NYT, Bloomberg Lead Financial Advisors’ Content Picks (Sept.-Nov.)

What are financial advisors thinking? That’s the AdvisorTweets’ tagline, but “What are financial advisors reading?” might have been apropos.

Most advisor tweets include links to other Web pages. On AdvisorTweets’ Links page we present the links that advisors tweet about as well as the number of instances over a few time periods (today, the last 24 hours, the last week and earlier).

But having bought and sold media at various turns, we’ve been eager to analyze the sources of the content that advisors are linking to. What Web sites do advisors rely on and recommend? Back in the day, all we had was readership surveys; now we have data on the actual behavior of this group of largely independent financial advisors.

AdvisorTweetsSourcesofLinksImage

To produce the graph shown above, we started with 6,000-plus tweets that contained links since the site was launched two months ago. First we backed out links that advisors sent to their own Web sites and blogs. Then we excluded a few sites that were linked to by only one advisor. Their strong support of these sites (local newspapers’, for example) would have misrepresented the community.

The top site linked to overall–the focus of 1,268 tweets–was Google News, an aggregator. Yahoo News? Just 26 tweets.

Facebook was the source of 282 tweets, but many of those were links to advisors’ comments on their own pages. A total of 116 tweets included links to YouTube videos, including a few advisors’ videos. Twitpic was the top image-sharing site, with 77 tweets.

Tweets featuring content on asset management sites were scarce. Only American Century Investments, Navellier, Dimensional Fund Advisors, Vanguard, Pimco and Fidelity domains were cited.

While we’d caution against drawing any sweeping conclusions based on two months of data, we’re intrigued by whatever influences financial advisors. The financial advisors who make up the AdvisorTweets universe are themselves influencing others via their tweets. More to come.

AdvisorTweets’ Twitter Lists Available

Of course, we’re making the AdvisorTweets universe available in a Twitter list!

We see no conflict in creating the Twitter list while continuing to offer the richer experience (i.e., the aggregation which produces trending themes, tags, shared links, search and history) of AdvisorTweets.com. The more ways to follow advisors’ tweets the better.

In fact, we’ve created two other lists that are subsets of AdvisorTweets—one of certified financial planners (CFPs) and the other of registered investment advisers (RIAs).

If you’re a financial advisor on AdvisorTweets and belong on one of these lists, please be sure to check them, and send us a Twitter direct message if an adjustment is necessary.

Our continuous search for Twitter-using financial advisors leads us to make a few suggestions about enhancing the information value and searchability of Twitter bios. Even when a bio fails us and we need to explore an advisor’s Web site, credentials are not always front and center. For the CFP/RIA lists, we’ve erred on the side of not including an advisor when we could not be certain. Again, a message to us can quickly fix omissions.

No doubt there will be many financial advisor lists made available. Remember that AdvisorTweets follows only U.S.-based advisors and curates who we follow based on the business purposes of the tweets.

A Closer Look At Financial Advisors Who Use Twitter

We’ve learned a lot in the six weeks since AdvisorTweets.com was launched–and that was the point! (See our introduction post on RockTheBoatMarketing.com.)

What follows is an analysis of the AdvisorTweets universe, insights into traffic to the site and a look at advisors’ tweeting patterns. We’ll revisit all at the end of the year.

The AdvisorTweets Universe
We launched on September 16 with 203 advisors; the universe now includes 286. We’re aware of about 80 other advisors using Twitter for personal commentary. For perspective, Dan Miller of the Discovery Database estimates that there are 380,000 financial representatives actively selling mutual funds.

Although there are some registered representatives taking part, the vast majority of advisors using Twitter are independent financial advisors, including certified financial planners (CFPs), registered investment advisers (RIAs) and Accredited Investment Fiduciary® (AIFs). Compliance reasons cited by internal Compliance officers lacking guidelines from FINRA are believed to be keeping others away from Twitter. However, FINRA has formed a task force and scheduled a Dec. 16 Webinar at which some guidance is expected. See our post and comments on the subject.

Represented are advisors from 41 states, with more than 10 advisors tweeting from the following states. (For a listing of Twitter accounts, see the By State widget in the right-hand column of the AdvisorTweets pages.)

  • California (45)
  • Texas (18)
  • Florida (17)
  • Illinois (14)
  • Georgia (13)
  • New Jersey (12)
  • Colorado (11)
  • Michigan (11)
  • New York (11)
  • Ohio (10)

States yet to be represented are:

  • Alaska
  • Hawaii
  • Mississippi
  • Montana
  • Nebraska
  • New Mexico
  • North Dakota
  • Vermont
  • Wyoming

Tweets
See AdvisorTweets’ Trending Topics, Trending Tags and Links to get a sense of what financial advisors tweet about. AdvisorTweets is a curated site, meaning that the advisor universe includes only advisors who are using their accounts for business purposes. As you’ll see below, advisors are tweeting on investment and personal finance topics throughout the workweek and weekends. However, we’ve seen that the stream can get diluted with football-related tweets Friday nights, Sundays and Monday evenings. We’re thinking that they just can’t help themselves.

As of Nov. 1, the most prolific advisors, in terms of tweets sent, are:

Financial Advisors With At Least 3,000 Followers
A Twitter account’s follower count may/may not be a reflection of the quality of tweets. Just in case it’s significant, here’s a look at the top financial advisors by follower count as of Nov. 2.

Web Analytics Insights
Visitors to AdvisorTweets spend an average 6:30 minutes on the site, viewing an average 5.2 pages.

Top 5 Viewed State Listings

Top 10 Viewed Advisor Profiles

Tweeting Patterns
Subscribing to the full AdvisorTweets RSS feed with Google Reader enables us to look at when financial advisors send tweets.

The 30-day high was 151 tweets on October 15, compared to the 30-day daily average of 129 tweets.

AdvisorTweetsLast30DaysImage

Over the last 30 days, Mondays were advisors’ favorite day to tweet, followed by Sundays.

AdvisorTweetsDayofWeekImage

While 7 p.m. is the peak tweeting time, automated Twitter publishing applications enable advisors to tweet all day and all night.

AdvisorTweetsTimeofDayImage

Interested in learning more about the AdvisorTweets universe? Please see our re-designed Profiles page.

They Can Try, But Mishaps Won’t Keep Us Down Long

AdvisorTweets’ developers want to know who I murdered in a previous life. Nobody…that I can remember.

But I get their point—in its first week AdvisorTweets.com has taken a few shots, the most recent of which was last night.  A disk failed on the dedicated server we had to hurriedly move to last Friday. Disks fail but did ours have to, just as we were recovering from the Twitter account issues? Somebody call the waa-ambulance!

We mention this to you now to apologize if you tried to reach the site this morning and saw our Site Maintenance page, again.

The site itself is always fresh, thanks to our Twitter updating. But we lost some content on this blog. While we could recreate a few of the posts, we wouldn’t have the comments so we’ve decided to press on without either.

@BillWinterberg, stop by again and we’ll try to take better care of your comment on using Twitter’s direct messages.

About AdvisorTweets’ State-by-State Listing

A quick FYI for financial advisors: If your Twitter bio doesn’t show the state (or state abbreviation) that you’re tweeting from, you won’t be included in AdvisorTweets.com’s listing of financial advisors by U.S. state.

Update your bio and AdvisorTweets’ listing will update, too.