Support for mobile technology and for using social media rose in importance - and it's the younger advisors driving this trend
Not only is recognition a poor substitute for better pay, many advisors say, but it's just the top advisors who are rewarded
As the glut of baby-boomer advisors continues to get older, succession programs are becoming more and more important
Pablo Fuchs, senior editor at Investment Executive, and Clare O’Hara, staff writer, discuss key themes from the 2013 Advisors’ Report Card. Despite seeing growth in their books of business, client numbers and satisfaction levels, advisors also report hurdles in dealing with the back office, technology and communication. They spoke at the TMX Broadcast Centre in Toronto.
Advisors of all stripes say that even though their firms are open to receiving advisors' feedback, their suggestions are seldom put into place - nor do most firms follow up on or respond to these recommendations
Firms are performing strongly in their approaches to diversity in the workplace
Firms and their advisors have embraced financial planning, but it appears clients have not. Advisors cite the time and the complexity involved in preparing a plan as major reasons why clients don't want to go through this process
There's much dissatisfaction regarding firms' back-office departments advisors cite a bevy of concerns
A key theme of the Report Card series, year in and year out, is that firms could do more on pay. This year, most advisors said growth in their books of business has not been reflected properly in their compensation. Some firms, though, have the answer
Advisors with the nine firms that received the highest ratings are able to build their businesses as they see fit