Advanced SEO for Financial Services, Banks & Advisors

Jonas Sickler SEO Manager
Key Points
  • SEO for financial services places a strong emphasis on trust.
  • Speed, security and privacy are paramount when it comes to financial services SEO.
  • Humanizing your brand is helpful in building trust with your audience.
  • Align your content to audience segments, life events, and customer journeys for better SEO results.
  • A challenge for any financial services firm looking to develop content and optimize its website is compliance with rules by regulatory bodies such as FINRA (Financial Industry Regulatory Authority).
  • Even so, there’s no reason financial services content should be boring – create unique and engaging content.
  • Strategic off site SEO signals credibility, helping to improve your rankings in the SERPs.
  • Local SEO tactics make it easier for customers to find your brick-and-mortar locations.

When it comes to SEO for financial companies, trust is everything. That makes it a natural fit for the best practices that underpin SEO. Search engines (and users) need to trust financial websites in the same way that clients need to trust financial advisors.

It’s true that there are aspects of search engine optimization that are universal. However, you can’t just write an SEO strategy for ecommerce product pages and re-use it for financial advisors. SEO for financial services is unique, as we’ll discuss throughout this post.

Check out our case studies to see how we’ve helped leading financial services companies with organic search.

Student Loan Provider Increased Google Top 3 Rankings by 1,081%

Mortgage Company Grew Blog Traffic by 113,000 In 60 Days

how financial services SEO is different

How SEO for financial advisors and services is different

How unique are these considerations? Well, let’s start with Google’s 2018 Medic Algorithm Update. The update appeared to target medical sites and “Your Money, Your Life” (YMYL) sites specifically.

On the algorithmic end, a possible shift took aim at low-quality, irrelevant content across all industries. And on the manual end, Google’s quality raters began to hold YMYL sites to higher Page Quality (PQ) standards.

According to Google, any page that could have an impact on the user’s current or future well-being (health, financial, safety, etc.) should be vetted more carefully for E-A-T (expertise, authoritativeness, and trustworthiness). Financial services websites, including those covering banking, investment, insurance, etc., can easily fall under the “Your Money, Your Life” umbrella.

It’s also noteworthy that Google updated its Quality Evaluator Guidelines in May of 2019. They now include E-A-T as a factor within PQ rather than referring to it as a separate entity.

In other words, if you’re giving financial advice, it better be good, it better be trustworthy, and it better be written by an expert.

When you’re executing SEO for finance companies and advisors, you need to take a rigorous, disciplined and careful approach to content marketing. In your industry, it’s critical to pay close attention to quality and trust factors. If you ignore them, disruptive small business lending companies and SEO-savvy financial advisors will be rewarded with higher rankings.

Let’s take a closer look at the individual components of SEO for financial advisors.

Technical SEO for financial service websites

The good news is, technical SEO is technical SEO! Begin with a complete website audit to uncover any issues that might impact crawlability and usability, and prioritize your findings. Just like any other website, certain technical priorities will be obvious. (Are there noindex tags on your resource pages, or is your robots.txt file accidentally blocking important pages from being crawled?)

If technical issues impact any of the following, you’ll want to bump the fix to “high priority:”

Speed

Page load speed is a Google SEO ranking factor. With this in mind, it’s critical that your web pages load fast and don’t cause your site visitors to wait.

Beyond that, speed impacts user trust and usability, and this is an especially important consideration within the financial services industry. People may forgive a slower website if they’re just browsing articles or blog posts. But they won’t be as patient if your website times out when they need to access their bank account. If it happens more than once, they might even look for another financial institution.

Slow websites with a poor user experience can become, to the customer, an unconscious indicator of the overall customer experience. In other words, make sure your website is mobile-friendly and runs like a new Lamborghini.

Security

Website security is crucial for financial SEO. However, the routine security checks that are performed during an SEO audit are not enough. A financial services SEO company needs to do more than confirm that you’re using https and the latest version of your CMS software.

You’ll should also check for indexed subdomains and pages that you don’t want to show up for branded search queries. Sometimes websites are vulnerable to data breaches because, plain and simple, they just don’t realize they’re sharing it. Hence, a full site crawl and Google SERP analysis are necessary.

In addition, you may want to include a security service notice in your global footer to reassure site visitors. For example, “Norton Secured,” “SiteLock Secure,” or “DigiCert Trusted,” lets users know they’re protected.

Privacy

Privacy is paramount for financial planning SEO success. However, being too private with your website can be a detriment to your SEO efforts. Some financial services companies keep content behind a firewall, reserved for those logged into the site. The intent is good, but Google can’t crawl anything behind a firewall! If Google can’t crawl it, well…there’s no opportunity for that content to be found, ultimately hurting your SEO results.

URL Structure

Do your website’s URLs look something like this:

  • https://agents.abccompany.com/?_ga=2.48358822.1427115113.1559548973

Or this:

  • https://www.abccompany.com/equity/?linkLoc=fn?

These are examples from the actual websites of Fortune 500 financial services institutions.

Due to the need to organize information, and technical limitations, it’s understandable how URLs can become convoluted. However, if you aim to rank high in organic search engine results, your urls should be clear to Google.

Schema (structured data)

Google is pretty good at deciphering what’s written on your web pages. But it isn’t perfect. Schema, or structured data, helps search engines to understand and categorize your content better.

Schema.org is a collaborative effort among Google, Bing, Yahoo! and Yandex to improve the web by creating a structured data markup. Structured data unlocks opportunities for your site to appear in “rich snippets” within the search engine results pages (SERP).

Schema for financial advisors

Some schema is specifically for financial services, such as feesAndCommissionsSpecification. This markup describes fees, commissions, and other terms applied to financial products.

Other types of structured data that financial advisors might use are:

  • Locations
  • Hours
  • Telephone numbers
  • Online reviews

You can find the latest schema options as well as a historical record of Schema.org markup options here.

You can use Google’s Structured Data Markup Helper tool to aid you in the development of your code snippets. Use Google’s Structured Data Testing tool to ensure that your schema implementation is done correctly.

Terakeet Increased Google Top 3 Rankings by 1,081% for a Student Loan ProviderSee how Terakeet’s strategic outreach achieved an audience reach of 13.7 million.Let’s Talk

On-page SEO for financial services

On-page SEO goes way beyond just fixing technical issues. Optimize each page for a specific keyword or group of keywords. It’s important to choose search terms based on search volume, alignment with searcher intent, competition and relevance. If each page targets a unique keyword group, it’s less likely that you’ll have thin, duplicate content.

Take note, however, this is no quick and easy task. you’ll need to optimize:

  • URLs
  • Categories
  • Title tags
  • Meta descriptions
  • H1 and H2 tags
  • Image alt tags
  • Internal linking
  • On-page content.

Be sure that the copy on the page is well optimized to the target topic. It must be aligned with search intent for the relevant keyword(s) and deliver clear value to the reader.

Building trust

Are you seeing a theme yet? Your content is one of the best ways to convey your brand voice. But you must make sure it’s trustworthy.

According to a NewsCred’s Trust Transaction Study, there is a major disconnect between consumers and their financial services providers. According to the survey, a third of those surveyed don’t trust their own bank. However, half of this group confirmed that they would trust banks more if the banks provided helpful content. Half of the survey respondents reported that helpful, useful content from their bank would prevent them from switching banks.

The lesson? Make sure you are providing helpful, trustworthy content, using the following strategies:

humanize your financial services brand

Humanize your brand

Dry explanations of your life insurance (or auto insurance, mutual funds, IRAs, bank accounts, etc.) won’t win over your audience. There’s of course a place for product details, but it’s not at the forefront of your brand voice.

People are emotional, so information that makes us feel something will hit us faster. It takes up more space in our nervous system and compels us to take action.

Even your fiscally-responsible, data-driven target audience isn’t off the hook here. Being emotionally-driven is just hard-wired into our brain on a subconscious level. The amygdala and limbic system comprise our “feeling” brain. Both are deeper, older, and prioritized before the logic-driven neocortex, our “thinking” brain.

The neuroscientist Antonio Damasio found that people with damage to the feeling brain found it almost impossible to make decisions. In other words, Damasio discovered that emotions are a necessary part of decision making. So, if your website is not evoking an emotional response from site visitors, it will likely underperform. That means lower rankings, less organic traffic and fewer clients and customers.

So while you can and should share corporate information with your customers, make sure they’re feeling something first. Be friendly, down-to-earth, and emblematic of the experience you want them to have. Before you talk about the millions of customers you’ve helped, tell them about the one customer who’s just like them.

Connect with Customers

Need some inspiration? Check out Simple’s About page. The company explains their origins in disarmingly informal and relatable language:

Way back when, in 2009, after another frustrating banking experience involving hidden fees, unnecessary products, long holds, and complicated conversations, Simple’s future founder Josh Reich emailed his friend (and future co-founder) Shamir Karkal, with some big questions:

The answer to each question was Simple.”

screenshot from Simple.com
  • Why is banking so complicated?
  • Can a bank exist to help people, not confuse them?
  • What if banks didn’t charge so many ridiculous fees?
  • What if your bank taught you to feel confident with money?

It then goes on to further build a connection with the site visitor:

“We hope that no matter what brought you here, whether you’re a poor poet in need of some budgeting help (true story) or a budget-wise financial wizard who wants an account to replace their spreadsheets (also a true story), a round-the-country-traveler in need of a banking experience to support that mobile lifestyle (oh hey, true again), you know that we see you. We see the banking industry and agree that it needs to change. And we’re working to change it for all of us.”

The company doesn’t spend paragraphs talking about the company history and its accolades or its two-factor authentication.

Simple understands their audience is diverse, so they craft copy that speaks to that diversity. Heck, even the company’s Security page goes focuses on being human — because that’s what makes an impact!

create trust with your audience

Trust elements

Quality content aside, there are numerous signals a website can use to convey trust. Seals, memberships, and awards, for example, are small, non-distracting visual elements that can set customers at ease; and if you have any major press mentions, consider adding a news section that features publisher logos.

Depending on your particular niche within financial services, you’re bound to have trust indicators unique to your sector. For example, if you have a network of financial advisors, a link to BrokerCheck by FINRA further provides added trust to your site visitors.

User-friendly web design and navigation with ready access to reviews, testimonials, data, and other information helps the user feel like you have nothing to hide. Similarly, provide clear, up front contact information.

Active social media accounts is another way of not only conveying trust, but of building relationships with your audience and differentiating your brand from the competition. (Check out NerdWallet’s Instagram, Morgan Stanley’s Twitter, or Mastercard’s YouTube.) Make sure the social media icons on your website are visible, and consider pulling in a social feed featuring customers who mention your brand or use your hashtag.

Being clear

Notices when a link on your website will take the site visitor to a different organization’s website are helpful for financial services sites. Given that one’s financial data is sensitive, it’s important for site visitors to realize if they are no longer on your digital property, so that they can make an informed decision as to whether to enter any data.

Reviews

Allowing customers to review their experience and displaying the results on your website is an easy, unobtrusive way to generate trust. Bonus: if you use schema markup to pull rich snippets of your online reviews and display them in the SERPs, you’ll take up more real estate in the search results, build trust from within the SERPs and improve click-throughs to your website. 

Smarter. Scalable. SEO.Learn to Dominate Your Financial Services Product or Service Category in SEO.Let’s Talk

Financial services content strategies

Google places a strong emphasis on quality content and topic authority within the financial sector. As a result, your content strategy is critical to the health of your organic search performance. For your financial institution, advice should either come from or be vetted by the experts like this post from NerdWallet by Gregory Karp, personal finance writer and author of two books on finance.

Read on to discover unique ways to approach your content, or check out this article to effortlessly 10X your content production.

Aligning content to audience segments & life stages

Another thing that sets content strategy apart for financial institutions is their unique customer segments. While retail companies might be able to define a niche target audience, the financial services sector is far more likely to target a broad swathe of the population with needs that vary depending on life stage.

So, your content strategy should aim to address each of these stages in turn, from the loan-saddled college student to the first-time homeowner to the retired couple managing their investments and aiming to leave something in their wills for their grandkids.

Find the stages and situations that are most likely to reflect those of your target audience. Then, dive into keyword research and produce helpful content for each of these stages. For example:

Or, you can segment the life stages by age, as Voya does with retirement planning:

Retirement planning in your…

Each of these strategies can help you increase your Google search rankings by addressing how your audience is thinking about their current financial objectives and challenges, or the specific financial questions running through their minds. By taking this type of approach, you capitalize on the opportunity to gain traction on many long-tail keyword searches.

Aligning content to the customer journey

According to the Digital Growth Institute, only 16% of banks and credit unions have a documented digital customer journey. This represents a huge opportunity to differentiate your brand by providing relevant and compelling products, information and support to your prospects start-to-finish throughout their customer journey. Every stage should provide a clear path to the next step, whether the customer is on your home page, a credit card page or blog content.

Mapping out funnels in your website is a great start, but to truly reduce silos and create a happy customer, you’ll want to integrate the digital journey into a full omnichannel strategy. That means letting your customers pick up where they left off as they move from platform to platform. This will partially be a feat of UX, but consistent, platform-appropriate content is what will smooth over the bumps and make it all come together.

Opportunities in interactive content

Another ingredient in an effective financial services SEO strategy is to incorporate interactive content, such as financial planning tools, calculators, online courses and interactive infographics. For example:

Interactive tools are not only extremely useful to prospective customers, but they also can generate significant quality backlinks to the web pages housing the interactive content. For example, the Bank of America mortgage calculator has attracted links from 348 websites and subsequently ranks on the first page of Google for approximately 1,170 keywords (Source: Ahrefs).

Opportunities in video

Video is a highly effective way to communicate with your audience. Yet 90% of financial firms have no video content. This is in stark contrast to the way that consumers and businesses consume information. People watch over one billion hours on YouTube every single day. Via mobile alone, YouTube reaches more adults between the ages of 18-49 during prime time than any cable network.

Eighty-three percent (83%) of marketers (across industries) believe that video is becoming a more important piece of their digital marketing strategy. While 66% believe that video produces the best ROI for social media marketing over any other format.

How to leverage video

Video is the perfect medium to break down complex topics within the financial services sector. It allows you to deliver information in a more easily understood, relatable format. One great way to do this is through hand-drawn explainer videos.

Beyond explanations, you can use video to showcase the experiences of your customers as Sun Life does, helping your site visitors to visualize their own aspirational success at achieving financial goals or alternatively how overcome life’s challenges.

Another effective way to use video is to interview your own experts, as well as those outside the company, delivering valuable, helpful insights to your audience.

Saxo Bank uses video in an innovative way, providing a morning analysis of the financial markets and preparing clients for the upcoming trading day every business day in its Morning Call video series.

And don’t forget that you can use your creativity to add personality to your videos, too. In the following video, Wealthsimple walks you through the most important shot in the NBA this past season, and in the entire history of the Toronto Raptors, a buzzer-beater made by Kawhi Leanord in game seven of its playoff series against the Philadelphia 76ers.

The automated investing platform pays homage to the Kawhi trade, and then reminds the viewer that Wealthsimple is Canada’s only $0 commision stock trading. Worth the fun? The video garnered more than 85,000 views.

Want to learn more? Check out our complete guide to video SEO strategies.

Opportunities in podcasting

Beyond text and video, your content may also be a natural fit for podcasting. You could record a regular financial Q&A session, or conduct interviews, or provide news and trends updates. Check out popular podcasts like Planet Money or try lower-production but well-loved podcasts like Money for the Rest of Us for inspiration.

JP Morgan Chase & Co. produces an engaging podcast series called My Next Move with JP Morgan. In the episode below, the company features Michael Liersch, a behavioral scientist and head of Goals-Based Advice & Strategy at J.P. Morgan Asset & Wealth Management, who explores the principles of behavioral finance to help people understand their investing and spending behaviors and achieve their financial goals.

https://privatebank.jpmorgan.com/gl/en/of-interest/podcasts/my-next-move

To aid in generating SEO value from the podcasts, a transcript is included with each.

Compliance

A challenge for any financial services firm looking to develop content and optimize its website is compliance with rules by regulatory bodies such as FINRA (Financial Industry Regulatory Authority).

FINRA’s Advertising Regulation Department serves to protect investors by ensuring that broker-dealers’ communications are fair, balanced and not misleading and comply with the advertising rules of FINRA, SEC, MSRB and SIPC.

FINRA Rule 2210 categorizes communications as: (1) retail communication, (2) correspondence, or (3) institutional communication. These categorizations carry important implications. So it’s critical to understand each category so your online marketing strategy remains in compliance.

Rule 2210 states that “Retail communication” includes “any written communication, including electronic, distributed or made available to more than 25 retail investors within any 30 calendar-day period.” FINRA has compiled a list of commonly asked questions about Rule 2210, along with the body’s responses and guidance.

For a list of commonly asked questions surrounding compliance with financial services PPC and advertising regulations overall, check out the FINRA FAQ.

Learn more about the ROI of organic vs paid search.

voice search SEO for financial service companies

Voice search for financial services

Voice search is a juggernaut, and it’s rising in popularity every day. If you want to know how to drive traffic to your financial services website, then stay on the cutting edge of user behavior. Capitalizing on voice search means adjusting your keyword strategy to accommodate the type of searches people make via this medium: longer, more natural phrases that use simple and informal language.

Tools like BuzzSumo Question Analyzer and Answer The Public, along with Q&A platforms like Quora, can help you uncover the questions that people are asking about your topics of interest.

You can adjust your content itself, too, to accommodate the needs of voice searchers. Consider adding a Q&A section to your website, such as Ellevest does in its online magazine’s #AskSallie articles. Ellevest’s articles have covered everything from “Should I invest my bonus right away or over time?” to “Should I share the amount of money I make with my kids?” to “How should I think about my financial goals for 2019?”

When people use voice search, they’re looking for answers fast. That means your content can contain bullets, pull quotes, and other user-friendly “soundbites” to deliver that information as clearly as possible.

Offsite SEO for financial advisors

Your expertly-researched, useful content gives you an advantage in the link building arena. Publishers love to share how-to’s and explanations that are genuinely helpful. Plus, people’s interest is naturally piqued on the topic of saving money, spending money, making money, etc. And guides, interactive tools and content portals often attract a great number of backlinks.

For example, Progressive’s “Answers” portal has attracted links from 444 unique referring websites. As a result, it ranks on Google page one for more than 4,600 keywords, according to Ahrefs. Bank of America’s Saving & Budgeting portal has captured links from 1,540 websites while achieving roughly 4,700 Google page one keywords.

Another effective means to attract third party links is to create custom visual content that they can re-use. This may take the form of an infographic, data visualization and analysis, presentation, research report, or video, for example.

Connect with online publishers and influencers within your industry. Ask them if they’d like to share your content or if they’d like you to write a new complementary piece. Or alternatively, you can offer an interview with your one of your financial advisors on a relevant topic.

Always provide value

Link building for financial advisors should focus on providing the publisher’s audience with as much value as possible. In return, you can potentially gain organic backlinks from high quality and credible sources.

Off page SEO is absolutely critical to your search engine optimization success. That’s why Terakeet has invested millions of dollars building our own SEO platform to discover and connect with a database of more than 9 million online publishers. Those hyper-relevant backlinks are one of the four pillars of our Enterprise SEO program.

WARNING: Stay away from low-quality link-building strategies like paying for links or spamming the comment section of various blogs. Within financial services, such tactics aren’t just a bad SEO practice; they’re an easy way to tank the trustworthiness of your entire brand.

Local SEO for financial industry websites

Finally, if your financial institution has local branches, you’ll be wrapping a local SEO strategy into your optimization efforts. You can optimize for local search by including schema in your website and by claiming your business in every location on major platforms like Google My Business and Yelp. 

On your website, pick a user-friendly way to find the closest location. Having them enter their zip code so they can find their closest branch, for example, is a great idea. Make sure the NAP (Name, Address and Phone Number) for each branch is clear and consistent on not just your website, but across platforms; this will reduce potential search engine confusion over each location.

It’s all about trust

Many SEO services don’t understand the nuances of the finance industry, so it’s important to work with a company that understands the space. By following the guidance outlined above, you’ll have a robust SEO strategy that will boost your brand, increase your organic website traffic, and help your customers.

The stringent quality and trust standards that both search engines and customers will be holding you to make for a challenge, but the good news is, you already have a wealth of expertise upon which to capitalize.

By designing a content and SEO process that leverages these experts and makes them part of a smooth and efficient search engine marketing strategy, you’ll come out ahead in the SERPs. And the next time you say “Trust us,” you won’t have to tell people why — you’ll have already shown them!

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