Advisors praise equity ownership, stable payouts
But other advisors criticize their firms for lack of flexibility and for paying more attention to high-producing advisors (includes chart)
- By: Clare O’Hara
- April 28, 2010 November 6, 2019
- 14:35
But other advisors criticize their firms for lack of flexibility and for paying more attention to high-producing advisors (includes chart)
Now it its 18th year (includes links to previous years)
Customized tools and specialized support are essential to developing a solid financial plan, advisors say (includes chart)
Most firms are offering some type of support for their advisors in this recession (includes chart)
Despite a slip in the overall rating, advisors remain satisfied with their firms’ support efforts for insurance planning (includes chart)
Team environments become a burgeoning trend for industry worried about the future (includes chart)
Overall, take-home pay has decreased as a result of the market and some structural changes (includes chart)
Nine of 16 firms see lower ratings; advisors voice concerns about the process (includes chart)
It’s not enough to provide advisors with high-end technology tools; firms must also provide solid training on how to use the tools
The recession is taking its toll on advisors (includes chart)
But while most advisors remain satisfied with their brokerages, some firms have taken a tumble (includes chart)
But dissatisfaction arises because of depressed financial services stocks and equity-ownership models
One sees a reversal in fortunes, two others turn downward (includes main chart)
674 advisors at 16 investment firms; Plus results from previous years
Advisors’ views on their firms’ advertising vary depending on their brokerage’s business model
How the Brokerage Report Card is done
Advisors are no longer placing a greater emphasis on the financial support they receive when moving firms
But not all advisors are happy with the new platforms their firms have introduced — and the scores show it
But moves toward offering statements online and customization could change advisors’ perceptions
But the percentage of advisors holding financial planning designations has declined considerably over the past five years
Special incentive programs such as bonuses, trips and exclusive clubs have gained in prominence
If a brokerage offers clients banking products, there is a chance the firm could become the clients’ primary financial institution
Scores for support for insurance planning are up, as is advisors’ insurance revenue
Advisors continue to rate equity research strongly; scores for mutual fund research improve
The independent brokerage has made significant gains, thanks to the stability brought by its new parent firm