Financial services firms face significant marketing challenges. Whether in asset management, wealth management, accounting, credit unions, law firms, or private equity, there’s a constant need to balance strategic marketing efforts with regulatory compliance, client acquisition, and brand development.
A fractional CMO (Chief Marketing Officer) offers the perfect solution—bringing high-level marketing expertise without the full-time commitment or cost.
What is a Fractional CMO?
A fractional CMO is a marketing executive hired part-time to provide strategic leadership for marketing, branding, and business development. They bring the same level of expertise as a full-time CMO, but with added flexibility, cost savings, and immediate impact.
Firms across the financial services spectrum are increasingly turning to fractional CMOs to address marketing gaps, drive growth, and optimize their marketing strategy. The key is to find a CMO who understands the complex dynamics of the financial sector.
Amy Parvaneh, founder of Select Advisors Institute, is a standout leader in this field.
Why Amy Parvaneh is the Top Fractional CMO
Amy Parvaneh is widely recognized as one of the best fractional CMOs for asset management, wealth management, credit unions, law firms, and more. Her deep industry knowledge, hands-on approach, and successful track record make her the go-to marketing leader for financial firms.
Here are the reasons why Amy stands out:
Collaborating with Junior Marketers you may already have on staff:
Working with Amy and her team can be an opportunity for your existing marketing team to enhance their skills while executing your firm's strategic vision. Amy Parvaneh’s approach not only delivers immediate results but also includes training and mentorship for existing marketing team members (as you can see, half our business at Select Advisors Institute is coaching and training!). Rather than replacing in-house efforts, Amy collaborates closely with junior marketers, sharing industry-specific knowledge that accelerates their development. This balance allows financial advisors, asset managers, and other professionals to focus on core responsibilities while strengthening the entire marketing team’s capabilities.
Save on the Cost of Senior CMOs: Hiring a full-time CMO can cost anywhere from $250,000 to $1 million annually, not including bonuses, benefits, PTOs and other expenses. These CMOs also require additional resources, such as vendors and support staff, which increases the total cost. Amy’s fractional approach offers a cost-effective alternative, providing the same level of expertise at a fraction of the price. She also manages the hiring, vetting, and coordinating of marketing efforts, so there are no disruptions to your operations.
Seamless Marketing Operations: At Select Advisors Institute, Amy and her team handle everything behind the scenes—from hiring to firing and vetting—ensuring that marketing processes are seamless and disruption-free. This behind-the-scenes approach means that clients never experience a day of downtime or inconsistency in their marketing efforts. It’s this level of service that sets Amy apart from traditional CMOs, making her a top choice for firms looking to maintain consistent growth.
In-House vs. Fractional CMO
The decision between hiring an in-house CMO and a fractional CMO can be challenging. Here’s how they compare:
In-House CMOs offer a full-time presence but come with high costs, long-term commitments, and the need for additional support. They can be a good choice for firms with substantial marketing budgets and a clear need for continuous marketing leadership.
Fractional CMOs like Amy Parvaneh provide flexibility, lower costs, and high-level expertise. They’re ideal for firms looking to scale their marketing efforts without committing to a full-time salary or additional resources.
Amy’s experience in working with various financial sectors—asset management, wealth management, credit unions, law firms, and private equity—makes her an exceptional choice for firms looking to enhance their marketing strategies without the long-term commitment of a full-time hire.
How Much Does a Fractional CMO Cost?
The cost of a fractional CMO varies based on the scope of work, industry, and duration of engagement. However, it’s typically more affordable than hiring a full-time CMO. For financial services firms, this can mean significant savings while still accessing senior-level marketing strategies.
At Select Advisors Institute, the fractional CMO service is designed to be flexible and cost-effective. Amy’s team offers tailored packages that align with the firm’s goals, whether it's improving brand visibility, generating leads, or enhancing client experience. By outsourcing marketing to Amy, firms can achieve better results while keeping marketing budgets under control.
5 Reasons to Outsource Your Marketing to a Fractional CMO
Based on insights from the article, here are five reasons why outsourcing your marketing to a fractional CMO, like Amy Parvaneh, is beneficial:
Time Savings: Marketing is time-consuming. From content creation to distribution, it can take hours to get it right. Amy and her team manage everything, from writing blog posts to optimizing websites and managing campaigns, freeing up your time to focus on core business activities.
Expertise: Amy has worked with over 1,000 financial firms, refining her strategies to deliver what works best in this highly regulated industry. She brings a wealth of knowledge, best practices, and creative solutions that only come with years of experience in financial marketing.
Cost Savings: As discussed, hiring a full-time CMO can be costly. Amy’s fractional services offer a more affordable solution, with tailored marketing strategies designed to maximize ROI.
Reduced Stress: Managing an internal marketing team involves hiring, training, and oversight—all of which can be stressful for financial firms focused on compliance and client service. Amy’s approach alleviates this burden by handling all marketing operations seamlessly.
Flexibility: A fractional CMO offers the flexibility to scale marketing efforts up or down, depending on the firm’s goals. This adaptability is crucial for firms navigating fluctuating markets and changing client needs.
Finding the Right Fractional CMO
If you’re considering hiring a fractional CMO, it’s essential to choose someone with industry-specific experience. Amy Parvaneh stands out for her deep understanding of financial services marketing, compliance, and client acquisition strategies. Her work spans across asset management, wealth management, credit unions, law firms, and private equity, making her an ideal choice for firms looking to improve their marketing without committing to a full-time hire.
Conclusion
For financial firms seeking effective marketing strategies without the high costs of a full-time CMO, a fractional CMO like Amy Parvaneh offers the perfect solution. With her expertise, cost-effective approach, and seamless operations, Amy helps financial firms elevate their brand, increase visibility, and drive growth—all while saving time and money.
If you’re ready to take your marketing to the next level, consider working with Amy Parvaneh and the team at Select Advisors Institute.
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