This year’s Report Card revealed a growing divide between business models as managing general agencies received high praise from insurance advisors while those at dedicated agencies and the lone personal producing general agency were less enthusiastic.
August 7, 2018Although the majority of insurance agencies received strong recommendations, there were a few that declined, in advisors’ eyes, this year
The ratings for the five MGAs in the survey were very strong, whereas those for the dedicated sales agencies and the sole PPGA were less favourable
How advisors rated their firms
Although average AUM and productivity declined, advisors' attention to life insurance has increased
Advisors with Hub Financial were much more pleased with their firm this year the same cannot be said for GWL or Sun Life
One set of firms received lower ratings in the three back-office categories, but another set of firms were praised for their efforts
Advisors cited financial help and internal experts as key reasons why they rated their firm's support higher this year
Advisors at most of the insurance agencies in the Report Card gave passing grades for ongoing training initiatives
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…