Insurance advisors surveyed for this year’s Insurance Advisors’ Report Card are dissatisfied with their insurance agencies’ efforts in many critical categories, resulting in lower ratings across the board. The message to firms is clear: they need to do more to support their advisors.
August 15, 2017The Report Card average has remained quite stable during the past eight years, but some firms have seen some dramatic changes
For insurance advisors, average age, tenure in the industry and with their firms, as well as annual compensation, is most revealing
Pablo Fuchs, senior editor with Investment Executive, and Fiona Collie, staff writer, discuss the results of this year's Insurance Advisors’ Report Card, which show advisors need more support from their firms in key areas of financial planning and back office support.
Many ratings for Financial Horizons, Freedom 55 and Hub dropped significantly, while Sun Life enjoyed several increases
Most insurance agencies were rated much lower in a bevy of categories this year. Advisors want firms to step up their efforts
Most advisors voiced their displeasure with their firm's CMS, but advisors with Sun Life and IDC WIN were very satisfied
For many advisors, their firm's back office and administrative support for new business leaves much to be desired
Advisors seek the right combination of technology and support specialists to create strong financial plans for their clients
There's an approach to advisor autonomy at firms, which allows advisors to make product choices for clients without any interference
How advisors rated their firms
This Report Card summarizes data from each of the Brokerage, Dealers' and Bank reports, looking at the trends across the financial advice industry
This year's research reveals how well the Big Six are meeting branch advisors' need for coaching, fair pay and effective tools
Advisor satisfaction across most of the 11 full-service and mutual fund dealers in the Report Card has held steady or improved compared with 2023
The Report Card, which has been published for more than 30 years, explores the concerns and needs of investment advisors in Canada as their firms…