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Survey Raises Alarm On Financial Firms' Content Marketing Strategy
Tom Burroughes
18 September 2013
A survey of over 100 financial services companies shows that
fewer than half of them (41 per cent) have a content marketing strategy in place,
even though this is a key step in rebuilding client trust and relationships. The research, conducted by , a content
marketing agency, in conjunction with the Financial Services Forum, an
organisation created by financial firms to improve marketing impact, questioned
marketing professionals from major UK financial services brands
including Coutts, Aberdeen Asset Management and Lloyd’s of London. Marketing budgets have sometimes been slashed in recent
months amid the austerity conditions in some nations; however, a long-term
strategy towards marketing and branding is important for sustained business
growth, as was argued, for example, by ClearView Financial Media, publisher of
this website, in a major report on marketing and branding in conjunction with
Coutts. (To see this report, click here.) The survey, published yesterday, found that 53 per cent of
organisations plan to increase their content marketing budget, and 81 per cent
said it is going to become more important in the next 12 months. Some 58 per cent
of respondents said they believed it was more effective than other approaches
in helping to rebuild trust in financial services. “Many financial sectors still suffer from a lack of customer
engagement. Content marketing offers a way to rebuild relationships by
rewarding end customers, as the compelling figures on its increasing importance
among marketers show,” Caspian Woods, chief content strategist at Editions
Financial, said. “However, with the multitude of channels now available, and
the amount of competing noise, financial brands need to be highly strategic
about how content marketing is used to ensure it delivers return on the
increase in spend,” Woods said.