SEC Rules – Marketing Your Fund

What impact will the new SEC rules on advertising have on investors and the overall hedge fund industry?

From an operational perspective, most hedge funds are now at a marketing disadvantage since they have not developed an online presence. An analysis of more than 3,100 funds registered with the SEC revealed that fewer than one in 20 of those funds had developed a website, according to the white paper, How to Market your Fund under the New SEC Rules

Marketing a fund to investors is drastically different than marketing a product to the public. It requires content marketing, credibility for the fund, targeted marketing to investors, a prominent online presence and a media outreach to stand out from others.

Credibility must be established from the start before the media will even consider putting your portfolio manager on TV or quoting him as a financial expert. He may manage a $100 million portfolio, but the media is not going to take his word for it without seeing evidence of his expertise. This is why it’s so crucial for all funds to establish credibility now with a strong online presence before the new proposed SEC rules on advertising go into effect.

Hedge fund managers can read more white papers on the topic at www.MarketYourFund.com

Mark Macias is a former Executive Producer with WNBC and Senior Producer with WCBS. He’s also the author of the communications book, Beat the Press: Your Guide to Managing the Media. Macias now consults small and large businesses on how to get publicity. You can read more on his firm at MaciasPR or MarketYourFund.com

Market Your Hedge Fund

Less than five percent of SEC registered hedge funds are prepared to take advantage of the new advertising rules, according to the white paper How to Market your Fund under the New SEC Rules.

Its analysis of more than 3,100 SEC registered funds showed that fewer than one in 20 had developed a public website, putting them out of reach of new investors, according to research cited in the paper. It also discovered roughly 80 percent of the funds registered with the SEC in Connecticut, identified as opportunistic in strategy, didn’t even have an email address for potential investors to contact.

The white paper was published in July 2013 by the PR firm MaciasPR and can be downloaded by clicking here.

Most hedge funds never developed an online presence fearing it would give the impression of skirting the old SEC prohibition on advertising. These hedge funds are at a huge disadvantage now that they are entering the modern world where a prominent online presence is crucial to marketing your fund.

Marketing a fund with the media is drastically different than marketing a product to the public. Every fund needs credibility before the media will even consider putting a portfolio manager on TV or quoting him as a financial expert. This is why he says it’s so crucial for all funds to establish credibility now with a strong online presence.

The white paper, How to Market your Fund under the New SEC Rules, outlines five steps hedge funds must take now to market their funds to investors.

An excerpt from the white paper includes the following steps for marketing a hedge fund to investors under the new SEC advertising rules:

Establish an Online Presence

There are multiple ways to design a website, but most developers and content marketers agree that an HTML website is better than a Flash website. Search engines like Google and Yahoo can’t read the content within flash so it makes it harder for flash websites to get picked up by search engines. What good is having a website if Google can’t find it? In addition, flash is not compatible with mobile phones, which means anyone who goes to your website from their phone won’t be able to read your content. The world is gravitating towards mobile so most developers agree it’s only a matter of time before flash websites are transitioned out. The white paper recommends developing an HTML website over a flash website.

Establish Credibility before any Media Outreach

Credibility matters in life, but it especially matters for journalists, says Macias who was a journalist for NBC, CBS and King World Productions. Whenever a portfolio manager is pitched as an expert to the media, journalists will quietly and overtly measure his expertise, integrity and experience in the financial industry. If a reporter doesn’t see an online presence on your fund, credibility questions will be raised, Macias says. Here are a few credibility questions you should be able to address and answer before your fund pursues media placements.

Q) What makes you qualified to speak on this topic?
Q) How many years of experience have you spent in the industry?
Q) How big is your fund in comparison to others?
Q) How much of your daily routine reinforces your expertise as a portfolio manager?
Q) What do you know as an insider that other investors would want to know?

Develop a Content Marketing Plan

Your team of analysts already has a wealth of research that could be turned into white papers, blogs, articles or editorials that could be marketed on the web. This is known as “content marketing.” Content marketing is one of the most effective methods for reaching new investors because it provides a real value to consumers. When promoted on the web, content marketing platforms, like nRelate or Outbrain, can help your original content reach even more targeted business readers on influential blogs and news websites.

Find the Best PR Financial Firm

Here are a few questions to help you determine which PR firm is the best fit for your hedge fund.

*Can you give me a publicity strategy for my fund?

*How do you see my fund?

*Tell me about your clients and media placements you have secured?

*Will we be working directly with you? Who is the account executive assigned to us?

*How long before we can expect to see media results?

*What is your media experience?

Develop an Email Marketing Campaign

Email marketing campaigns can be highly controversial because no one likes spam, but when executed in the proper way, they can be highly effective as an investor outreach program. The key to launching a successful email campaign is to deliver original content that educates readers on your fund. Email marketing campaigns are a great opportunity to share research that is exclusive to your fund.

Mark Macias is a former Executive Producer with WNBC and Senior Producer with WCBS. He’s also the author of the communications book, Beat the Press: Your Guide to Managing the Media. Macias now consults small and large businesses on how to get publicity. You can read more on his firm at MaciasPR or MarketYourFund.com

 

Use PR to Drive Holiday Sales

MaciasPR has just published a holiday guidebook for businesses trying to increase their holiday sales, titled: Publicity During the Holiday Season: How to Use PR to Increase Holiday Sales.

The PR guidebook written by media insider, Mark Macias, reveals tactics he learned during his career as a journalist, writer, producer and Executive Producer with the news organizations NBC, CBS, KTVK, King World Productions and the Arizona Republic.

Consumers can download the PR guidebook for free by clicking here.

The guidebook, Publicity during the Holiday Season, identifies 5-tactics business owners should apply when trying to get the media to cover their business. The guidebook elaborates on the following tactics:

Identify your Story Narrative

A good story idea will drive coverage in any market. Many business owners have a misconception that who you know is better than what you know. This section of the guidebook explains why a creative idea is more valuable than a reporter contact in the world of journalism and PR. The guidebook also gives business owners tips on how to identify a timely narrative for the holiday season.

Pitch the Ignored Reporters

Every newsroom has reporters or writers who never get the plush assignments. These may be journalists working weekends or the overnight shifts. In many situations, these are the best reporters to pitch since they have the most to gain from your good idea. This section of the guidebook explains how to come up with unconventional pitches for these reporters.

Identify your Holiday Gimmick

If you want to stand out at a holiday party, revelers need something to push you above the crowd. It’s no different with the media during the busy holiday season. This section of the guidebook teaches entrepreneurs and business owners how to identify a gimmick for coverage.

Establish Credibility with the Media

This section of the guidebook explains how business owners can position themselves as “experts” in their industry, leading to potential publicity. But before a business owner tries to position himself as an expert, he or she must first establish credibility in the community. This section reveals how business owners can establish credibility.

Preparing for the Interview

If the first four tactics are executed properly, the chances are higher that a reporter will be interested in your holiday story. But now what? Is your business prepared for the media coverage? This section of the guidebook explains how to prepare for the reporter interview.

Mark Macias is a former Executive Producer with WNBC and Senior Producer with WCBS. He’s also the author of the communications book, Beat the Press: Your Guide to Managing the Media. Macias now consults small and large businesses on how to get publicity. You can read more on his firm at MaciasPR or MarketYourFund.com

 

 

 

Who are the Best PR Firms

By Mark Macias

How can you find the best public relations firm for your business? What traits make for a great publicist?

I worked with a ton of publicists throughout my journalism career with NBC and CBS. Now, as the owner of a PR firm, I speak with business owners, entrepreneurs and large companies about their publicity needs. One of the major trends I’ve discerned is most people ask the wrong questions when it comes to finding the right PR firm.

If I were to hire a publicist, here are the questions I would want my publicist or PR firm to answer.

Can you give me a publicity strategy for my business?

You question reveals how the publicist thinks on his feet. A great publicist will have his or her own ideas. He will be able to explain a strategy off the top of his head because he understands how the media works and what will get traction.

How do you see my industry?

This question reveals how well the publicist understands your business. This is a valuable revelation because every publicity campaign will need to identify the unique angle that makes your business different from the competitors. If the publicist doesn’t understand why your business is different from your competitors, he will be at a great disadvantage when it comes to pitching the media stories.

Tell me about your clients and media placements you have secured?

A diverse portfolio suggests that your PR firm knows how to identify a solid news story. It takes a special talent to secure media placements in various industries and if your publicist can demonstrate that with his or her portfolio, you are likely getting an experienced publicist who will perform at the highest level.

Many business owners like to work with a PR firm that specializes in their industry. This can sometimes work against you in the world of PR because ideas quickly become stale. If a publicist has spent a lifetime solely in fashion or tech, they risk becoming complacent with their thinking or creativity.

Will I be working directly with you?

You should meet with the publicist or account executive who will be selling your story to reporters. Does he or she accurately represent your business? Whether it’s fair or not, journalists will associate your product or brand with how well your publicist presents it.

What if we don’t get along? What if I want out of the contract because you can’t deliver results?

Every PR firm hates these questions, but it’s a valid point to raise during your initial discussions. If you’re working with a publicist and the chemistry is bad or he/she doesn’t get along with you, you should be able to get a new person or get out of your account. It’s okay to have a difference of opinion with strategy, but it’s another challenge when you just don’t get along with the person. Make sure you get insurance in case this happens to you.

How long before we get to see results?

This answer can vary by the complexity of your campaign, but the PR firm should be able to give some guidance over a time frame.

What is your media experience?

Experience matters when it comes to figuring out how to frame a story or pitch it to the media. If I were hiring a publicist for my future business, I would ask him or her to sell me on their experience. This will also give you an idea of how well your publicist can sell your stories to the media.

You can read longer versions of these articles at www.prhelp.co.

Mark Macias is a former Executive Producer with WNBC and Senior Producer with WCBS. He’s also the author of the communications book, Beat the Press: Your Guide to Managing the Media. Macias now consults small and large businesses on how to get publicity. You can read more on his firm at MaciasPR or MarketYourFund.com