If you’re struggling to build relationships and get your strategy in front of the right people without hours of Zoom calls and meetings, you’re not alone.
As we approach the one year mark of life in a new reality, the majority of the investment world is starting to feel the Zoom fatigue.
While we’ve all adapted to a new way of doing business and raising capital, it hasn't always been easy. Finding the right people to call and then spending hours doing introductory meetings can take its toll, and it definitely takes up a lot of time.
But, there is a way around all of those introductory calls.
Incorporating personalized videos into your introduction strategy helps lay the groundwork of the relationship you’re building with an allocator, and eliminates the back and forth phone calls that can take hours out of your day.
Look at it this way: most of the meetings investment sales professionals are having are first time meetings. If you can be better prepared for a first time meeting, it makes better use of everyone’s time, especially if an allocator knows the details of an account and strategy before any meetings are held.
You can use short, two to three minute videos to go over the same things you would cover at an in-person meeting. Give the analyst a brief overview, including your firm’s description, philosophy, an introduction to your team, and of course, an overview of your strategy.
We’ve been told time and again that analysts love being able to learn about a firm and their expectations and strategies prior to engaging in conversation with that portfolio manager. And, with the launch of Dakota Studios just around the corner, we wanted to share some of our video expertise, so that you can make the best, most informative videos possible.
In this article, we’ll break down the five key videos your team should film and send to allocators prior to meeting with them. By the end of this article, you’ll be able to make the best first impression videos possible, and shorten the time it takes to get your strategy in front of the right people.
This video should let the analyst know exactly who they’re talking to. Use this first video to introduce your firm, the strategy, and your philosophy.
The goal of the video is to be transparent, bringing as much information to the table as possible so that when you do have that conversation with an analyst and the Portfolio Manager, it can be more productive because you’ve already hit on the key elements.
Meetings can cover the key questions, because key elements of the story have been covered in videos.
There are a few key things to include in this video:
The second video you send to an allocator should give them a sense of the team dynamic within your firm, covering the names and roles of the key players, as well as anyone the allocator might be working with in the future.
Some key details to include in this video:
The third video in your series should contain a detailed overview of the strategy you’re presenting. Too often, we’ve seen investment managers dive into things too early, getting into the weeds without first setting the stage and centering the conversation so that the allocators and analysts understand exactly what they’re there to talk about.
To eliminate any confusion, the third video should include details such as:
This next video should give the allocator an idea of what sets your firm apart from others that would manage a similar strategy.
Be sure to tell them what makes your firm unique by covering things such as:
The fifth and final video we recommend sending should level-set the allocator’s expectations.
Set them up for success by covering things such as:
We’ve found that the best way forward is to just start shooting. After all, no one knows your firm better than you.
With these tips in mind, you’ll be able to lay the foundation with key allocators and analysts, so that when it comes time to meet, you can get right into the most important aspects of your strategy without wasting time.
Written By: Dan DiDomenico, President
Dan DiDomenico is the President of Dakota.
March 19, 2021
925 West Lancaster Ave
Bryn Mawr, PA 19010
Tel: (610) 642-1481