{"id":266071,"date":"2017-05-10T09:00:00","date_gmt":"2017-05-10T14:00:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/slideshow-how-brokerages-have-fared-during-the-past-10-years\/"},"modified":"2019-11-09T01:58:05","modified_gmt":"2019-11-09T06:58:05","slug":"slideshow-how-brokerages-have-fared-during-the-past-10-years","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/in-depth_\/report-cards\/slideshow-how-brokerages-have-fared-during-the-past-10-years\/","title":{"rendered":"Slideshow: How brokerages have fared during the past 10 years"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.investmentexecutive.com\/in-depth_\/report-cards\/brokerage-report-card-2017-main-chart\/\">main ratings table<\/a> for the Brokerage Report Card reveals advisors&#8217; specific concerns and praise for their firms in more than 30 categories in a quantifiable manner. Taken together, these ratings provide a sense of a brokerage firm&#8217;s advisor work force&#8217;s overall morale.<\/p>\n<p>To that end, the &#8220;<em>IE<\/em> rating&#8221; highlighted on the ratings table is an average of all the ratings advisors provided for all the categories for a given firm. Overall, the Report Card average of these <em>IE <\/em>ratings between 2008 and 2017 was remarkably stable while the <em>IE<\/em> ratings for individual firms remained within a range of a full point \u2014 with some exceptions.<\/p>\n<p>This slide show compares the <em>IE<\/em> ratings of each of the 12 investment included in the Report Card, offering a snap shot of the highs and lows of advisor morale over the past 10 years.<\/p>\n\n\t\t\t\t\t<div  title=\"How brokerages have fared during the past 10 years\" class=\"slideshow_trigger\" data-toggle=\"modal\" data-target=\"#myModal_343541\">\n\t\t\t\t\t<span><i class=\"fa fa-picture-o\" aria-hidden=\"true\"><\/i> How brokerages have fared during the past 10 years<\/span><br>\n\t\t\t\t\t<figure><i class=\"fa fa-play\" aria-hidden=\"true\"><\/i><img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_BMO-Nesbitt.jpg\"><\/figure>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div class=\"modal fade modalPhoenix\" id=\"myModal_343541\" tabindex=\"-1\" role=\"dialog\" aria-labelledby=\"myModalLabel\" aria-hidden=\"true\">\n\t\t\t\t\t<div class=\"container\">\n\t\t\t\t\t\t<div class=\"slideshow-tools\">\n\t\t\t\t\t\t\t<button type=\"button\" class=\"close\" data-dismiss=\"modal\" aria-label=\"Close\">\u00d7<\/button>\n\t\t\t\t\t\t<\/div><div class=\"slideshow-top-ads col-md-12 text-center\"><div class='js_slideshow_leaderboard' data-m32-ad data-options='{\"dfpId\":\"4916\",\"dfpAdUnitPath\":\"tc.investmentexecutive\/-\",\"kv\":{\"pos\":[\"atf\",\"but1\",\"slideshow_leaderboard\"]},\"pos\":\"atf,but1,slideshow_leaderboard\",\"sizes\":\"[ [728,90] ]\",\"sizeMapping\":\"[ [[0,0], [[320,50], [300,250]]], [[768,0], [[728,90]]], [[1024, 0], [[728,90]]] ]\"}'><\/div><\/div>\n\t\t\t\t\t\t<ul class=\"bxslider_article row\" id=\"mySlideshow_343541\">\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<div class=\"slideshow-header col-md-12\">\n\t\t\t\t\t\t\t<h2 class=\"slideshow-title\">How brokerages have fared during the past 10 years<\/h2>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-left col-md-8 col-xs-12\">\n\t\t\t\t\t\t\t<img class=\"slide-photo\" src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_BMO-Nesbitt.jpg\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-right col-md-4 col-xs-12 \">\n\t\t\t\t\t\t\t<div class=\"slide-text-content\">\n\t\t\t\t\t\t\t<h2 class=\"slide-title\">BMO Nesbitt Burns Inc.<\/h2>\n\t\t\t\t\t\t\t<div>Nesbitt has generally underperformed over the past decade, as its IE rating has been chronically below the Report Card average. Although the firm has been fairly consistent, with its IE rating ranging from 7.7 to 8.0 during the past decade, it dropped off markedly to 7.0 in 2017 because of advisors\u2019 frustration with the bank-owned firm\u2019s changing corporate culture.<\/div>\n\t\t\t\t\t\t\t<div class=\"slide-sources\">\n\t\t\t\t\t\t\t<span>Author: Fiona Collie<\/span>\n\t\t\t\t\t\t\t<span>Source: Investment Executive Research<\/span>\n\t\t\t\t\t\t\t<span>Copyright: Investment Executive<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<div class=\"slideshow-header col-md-12\">\n\t\t\t\t\t\t\t<h2 class=\"slideshow-title\">How brokerages have fared during the past 10 years<\/h2>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-left col-md-8 col-xs-12\">\n\t\t\t\t\t\t\t<img class=\"slide-photo\" src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Canaccord.jpg\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-right col-md-4 col-xs-12 \">\n\t\t\t\t\t\t\t<div class=\"slide-text-content\">\n\t\t\t\t\t\t\t<h2 class=\"slide-title\">Canaccord Genuity Wealth Management (Canada)<\/h2>\n\t\t\t\t\t\t\t<div>Canaccord\u2019s IE rating has seen its ups and downs over the past 10 years. After a strong showing in 2008, the firm\u2019s IE rating dropped as advisors felt the fallout from the firm\u2019s entanglement with asset-backed commercial paper (ABCP). Canaccord\u2019s IE rating then hit a bottom of 7.5 in 2013 because of advisors\u2019 frustration with management over the closure of a 16 branches in 2012. The firm has since seen a turnaround in its ratings as advisors feel more confident about its direction.<\/div>\n\t\t\t\t\t\t\t<div class=\"slide-sources\">\n\t\t\t\t\t\t\t<span>Author: Fiona Collie<\/span>\n\t\t\t\t\t\t\t<span>Source: Investment Executive Research<\/span>\n\t\t\t\t\t\t\t<span>Copyright: Investment Executive<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<div class=\"slideshow-header col-md-12\">\n\t\t\t\t\t\t\t<h2 class=\"slideshow-title\">How brokerages have fared during the past 10 years<\/h2>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-left col-md-8 col-xs-12\">\n\t\t\t\t\t\t\t<img class=\"slide-photo\" src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_CIBC-Wood-Gundy.jpg\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-right col-md-4 col-xs-12 \">\n\t\t\t\t\t\t\t<div class=\"slide-text-content\">\n\t\t\t\t\t\t\t<h2 class=\"slide-title\">CIBC Wood Gundy<\/h2>\n\t\t\t\t\t\t\t<div>Advisors were quite displeased with CIBC Wood Gundy in 2008 as their firm\u2019s parent bank was hit hard by the collapse of the subprime mortgage market in the U.S. and its investments in ABCP. In fact, the firm had the lowest IE rating of 6.7 that year. Since then, though, Wood Gundy\u2019s ratings have bounced back thanks in large part to the leadership of Monique Gravel, who has since retired, and the expansion of the firm\u2019s support services and experts.<\/div>\n\t\t\t\t\t\t\t<div class=\"slide-sources\">\n\t\t\t\t\t\t\t<span>Author: Fiona Collie<\/span>\n\t\t\t\t\t\t\t<span>Source: Investment Executive Research<\/span>\n\t\t\t\t\t\t\t<span>Copyright: Investment Executive<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<div class=\"slideshow-header col-md-12\">\n\t\t\t\t\t\t\t<h2 class=\"slideshow-title\">How brokerages have fared during the past 10 years<\/h2>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-left col-md-8 col-xs-12\">\n\t\t\t\t\t\t\t<img class=\"slide-photo\" src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Edward-Jones.jpg\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-right col-md-4 col-xs-12 \">\n\t\t\t\t\t\t\t<div class=\"slide-text-content\">\n\t\t\t\t\t\t\t<h2 class=\"slide-title\">Edward Jones<\/h2>\n\t\t\t\t\t\t\t<div>It\u2019s been mostly good news for Edward Jones over the past decade. With the exception of a few dips along the way, advisors have generally been very pleased with the firm\u2019s support services and partnership model. In fact, Edward Jones\u2019 IE rating hit a 10-year high of 9.0 in 2017.<\/div>\n\t\t\t\t\t\t\t<div class=\"slide-sources\">\n\t\t\t\t\t\t\t<span>Author: Fiona Collie<\/span>\n\t\t\t\t\t\t\t<span>Source: Investment Executive Research<\/span>\n\t\t\t\t\t\t\t<span>Copyright: Investment Executive<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<div class=\"slideshow-header col-md-12\">\n\t\t\t\t\t\t\t<h2 class=\"slideshow-title\">How brokerages have fared during the past 10 years<\/h2>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-left col-md-8 col-xs-12\">\n\t\t\t\t\t\t\t<img class=\"slide-photo\" src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Leede.jpg\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-right col-md-4 col-xs-12 \">\n\t\t\t\t\t\t\t<div class=\"slide-text-content\">\n\t\t\t\t\t\t\t<h2 class=\"slide-title\">Leede Jones Gable Inc.<\/h2>\n\t\t\t\t\t\t\t<div>Over the past 10 years, Leede has received consistent ratings from its advisor base. In fact, its IE rating has generally been above the Report Card average. With the exception of a small drop in 2016 following Leede Financial Inc.\u2019s 2015 merger with Jones Gable &#038; Co. Ltd., the small dealer\u2019s IE rating has improved over the years as it grows its advisor force and national footprint.<\/div>\n\t\t\t\t\t\t\t<div class=\"slide-sources\">\n\t\t\t\t\t\t\t<span>Author: Fiona Collie<\/span>\n\t\t\t\t\t\t\t<span>Source: Investment Executive Research<\/span>\n\t\t\t\t\t\t\t<span>Copyright: Investment Executive<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<div class=\"slideshow-header col-md-12\">\n\t\t\t\t\t\t\t<h2 class=\"slideshow-title\">How brokerages have fared during the past 10 years<\/h2>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-left col-md-8 col-xs-12\">\n\t\t\t\t\t\t\t<img class=\"slide-photo\" src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_National.jpg\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-right col-md-4 col-xs-12 \">\n\t\t\t\t\t\t\t<div class=\"slide-text-content\">\n\t\t\t\t\t\t\t<h2 class=\"slide-title\">National Bank Financial Ltd.<\/h2>\n\t\t\t\t\t\t\t<div>The ABCP crisis did not affect National Bank Financial (NBF) as much as other brokerage firms, but its involvement in that scandal was enough for the firm to have a below-average IE rating in 2008. The firm\u2019s rating then slid further to a 10-year low of 7.4 in 2013 as a result of the growing pains involved in acquiring Wellington West Holdings Inc. and HSBC Securities (Canada) Inc. This year, however, things are starting to look up for NBF as its IE rating reached a new 10-year high of 8.0.<\/div>\n\t\t\t\t\t\t\t<div class=\"slide-sources\">\n\t\t\t\t\t\t\t<span>Author: Fiona Collie<\/span>\n\t\t\t\t\t\t\t<span>Source: Investment Executive Research<\/span>\n\t\t\t\t\t\t\t<span>Copyright: Investment Executive<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<div class=\"slideshow-header col-md-12\">\n\t\t\t\t\t\t\t<h2 class=\"slideshow-title\">How brokerages have fared during the past 10 years<\/h2>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-left col-md-8 col-xs-12\">\n\t\t\t\t\t\t\t<img class=\"slide-photo\" src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Odlum.jpg\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-right col-md-4 col-xs-12 \">\n\t\t\t\t\t\t\t<div class=\"slide-text-content\">\n\t\t\t\t\t\t\t<h2 class=\"slide-title\">Odlum Brown Ltd.<\/h2>\n\t\t\t\t\t\t\t<div>This small, regional investment dealer on the West Coast has routinely received an above-average IE Rating. In fact, Odlum Brown advisors have praised their firm in the areas that matter most to all advisors \u2014 including the \u201cfirm\u2019s ethics,\u201d \u201cfreedom to make objective product choices\u201d and \u201cfirm\u2019s stability\u201d \u2014 year in and year out since 2008.<\/div>\n\t\t\t\t\t\t\t<div class=\"slide-sources\">\n\t\t\t\t\t\t\t<span>Author: Fiona Collie<\/span>\n\t\t\t\t\t\t\t<span>Source: Investment Executive Research<\/span>\n\t\t\t\t\t\t\t<span>Copyright: Investment Executive<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<div class=\"slideshow-header col-md-12\">\n\t\t\t\t\t\t\t<h2 class=\"slideshow-title\">How brokerages have fared during the past 10 years<\/h2>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-left col-md-8 col-xs-12\">\n\t\t\t\t\t\t\t<img class=\"slide-photo\" src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Raymond.jpg\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-right col-md-4 col-xs-12 \">\n\t\t\t\t\t\t\t<div class=\"slide-text-content\">\n\t\t\t\t\t\t\t<h2 class=\"slide-title\">Raymond James Ltd.<\/h2>\n\t\t\t\t\t\t\t<div>Raymond James\u2019 IE rating has remained fairly steady over the past 10 years \u2014 and it has managed to stay close to the industry average. The big exception was in 2014, when the firm\u2019s IE rating dipped to 7.9. The firm saw its IE rating rise back up to 8.3 the following year after advisors saw significant improvements in the support services available to them.<\/div>\n\t\t\t\t\t\t\t<div class=\"slide-sources\">\n\t\t\t\t\t\t\t<span>Author: Fiona Collie<\/span>\n\t\t\t\t\t\t\t<span>Source: Investment Executive Research<\/span>\n\t\t\t\t\t\t\t<span>Copyright: Investment Executive<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<div class=\"slideshow-header col-md-12\">\n\t\t\t\t\t\t\t<h2 class=\"slideshow-title\">How brokerages have fared during the past 10 years<\/h2>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-left col-md-8 col-xs-12\">\n\t\t\t\t\t\t\t<img class=\"slide-photo\" src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_RBC.jpg\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-right col-md-4 col-xs-12 \">\n\t\t\t\t\t\t\t<div class=\"slide-text-content\">\n\t\t\t\t\t\t\t<h2 class=\"slide-title\">RBC Dominion Securities Inc.<\/h2>\n\t\t\t\t\t\t\t<div>DS advisors have given their brokerage firm strong ratings over the past 10 years; as a result, the brokerage\u2019s IE rating has consistently been above the industry average. In addition, DS has also been the firm to beat among the bank-owned brokerages as advisors routinely rate the firm highly in categories that are important to them, such as firm\u2019s stability.<\/div>\n\t\t\t\t\t\t\t<div class=\"slide-sources\">\n\t\t\t\t\t\t\t<span>Author: Fiona Collie<\/span>\n\t\t\t\t\t\t\t<span>Source: Investment Executive Research<\/span>\n\t\t\t\t\t\t\t<span>Copyright: Investment Executive<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<div class=\"slideshow-header col-md-12\">\n\t\t\t\t\t\t\t<h2 class=\"slideshow-title\">How brokerages have fared during the past 10 years<\/h2>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-left col-md-8 col-xs-12\">\n\t\t\t\t\t\t\t<img class=\"slide-photo\" src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Richardson.jpg\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-right col-md-4 col-xs-12 \">\n\t\t\t\t\t\t\t<div class=\"slide-text-content\">\n\t\t\t\t\t\t\t<h2 class=\"slide-title\">Richardson GMP Ltd.*<\/h2>\n\t\t\t\t\t\t\t<div>Richardson GMP has boasted strong IE ratings of 9.0 or higher for most of the past decade as advisors have consistently praised the firm\u2019s independent business model and equity ownership program. However, Richardson GMP has seen a slight dip in its IE rating over the past two years, hitting a 10-year low of 8.6 in 2017. (*Note: Richardson GMP\u2019s IE rating for 2008 and 2009 is an average of its predecessor firms: Richardson Partners Financial Ltd. and GMP Private Client LP.)<\/div>\n\t\t\t\t\t\t\t<div class=\"slide-sources\">\n\t\t\t\t\t\t\t<span>Author: Fiona Collie<\/span>\n\t\t\t\t\t\t\t<span>Source: Investment Executive Research<\/span>\n\t\t\t\t\t\t\t<span>Copyright: Investment Executive<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<div class=\"slideshow-header col-md-12\">\n\t\t\t\t\t\t\t<h2 class=\"slideshow-title\">How brokerages have fared during the past 10 years<\/h2>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-left col-md-8 col-xs-12\">\n\t\t\t\t\t\t\t<img class=\"slide-photo\" src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Scotia.jpg\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-right col-md-4 col-xs-12 \">\n\t\t\t\t\t\t\t<div class=\"slide-text-content\">\n\t\t\t\t\t\t\t<h2 class=\"slide-title\">ScotiaMcLeod Inc.<\/h2>\n\t\t\t\t\t\t\t<div>ScotiaMcLeod advisors have not given their management an easy ride in the Report Card over the years. In the past 10 years, ScotiaMcLeod has consistently rated below the Report Card average. This was often because of advisors\u2019 frustration with the firm\u2019s technology platforms. Advisors\u2019 dissatisfaction with the brokerage\u2019s tech came to a head in 2012 when its IE rating hit a 10-year low of 6.9. ScotiaMcLeod seemed to be turning things around until 2017, when advisors complained about their firm\u2019s strategic direction.<\/div>\n\t\t\t\t\t\t\t<div class=\"slide-sources\">\n\t\t\t\t\t\t\t<span>Author: Fiona Collie<\/span>\n\t\t\t\t\t\t\t<span>Source: Investment Executive Research<\/span>\n\t\t\t\t\t\t\t<span>Copyright: Investment Executive<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t<div class=\"slideshow-header col-md-12\">\n\t\t\t\t\t\t\t<h2 class=\"slideshow-title\">How brokerages have fared during the past 10 years<\/h2>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-left col-md-8 col-xs-12\">\n\t\t\t\t\t\t\t<img class=\"slide-photo\" src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_TD.jpg\">\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"slideshow-right col-md-4 col-xs-12 \">\n\t\t\t\t\t\t\t<div class=\"slide-text-content\">\n\t\t\t\t\t\t\t<h2 class=\"slide-title\">TD Wealth Private Investment Advice<\/h2>\n\t\t\t\t\t\t\t<div>Advisors with TD Wealth Private Investment Advice (TD Wealth PIA) were also unafraid to voice their frustrations with management. To that end, TD Wealth PIA\u2019s IE rating has consistently been below the Report Card average \u2014 particularly in 2016, when advisors were upset over changes to their payout grids. This year, however, TD Wealth PIA saw a turnaround in its ratings because advisors feel more confident about the firm\u2019s strategic direction.<\/div>\n\t\t\t\t\t\t\t<div class=\"slide-sources\">\n\t\t\t\t\t\t\t<span>Author: Fiona Collie<\/span>\n\t\t\t\t\t\t\t<span>Source: Investment Executive Research<\/span>\n\t\t\t\t\t\t\t<span>Copyright: Investment Executive<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t<\/ul>\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t\t\t<div class=\"col-md-8\">\n\t\t\t\t\t\t\t<div id=\"bx-pager\" class=\"bx-pager text-center hidden-xs \">\n\t\t\t\t\t\t\t\t<span id=\"slider-prev\"><\/span>\n\t\t\t\t\t\t\t\t<span id=\"slider-next\"><\/span>\n\n\t\t\t\t\t\t\t\t<ul class=\"slide-thumbnail\">\n\n\n\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t<a data-slide-index=\"0\" href=\"\">\n\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_BMO-Nesbitt.jpg\" \/>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t<a data-slide-index=\"1\" href=\"\">\n\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Canaccord.jpg\" \/>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t<a data-slide-index=\"2\" href=\"\">\n\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_CIBC-Wood-Gundy.jpg\" \/>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t<a data-slide-index=\"3\" href=\"\">\n\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Edward-Jones.jpg\" \/>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t<a data-slide-index=\"4\" href=\"\">\n\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Leede.jpg\" \/>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t<a data-slide-index=\"5\" href=\"\">\n\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_National.jpg\" \/>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t<a data-slide-index=\"6\" href=\"\">\n\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Odlum.jpg\" \/>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t<a data-slide-index=\"7\" href=\"\">\n\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Raymond.jpg\" \/>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t<a data-slide-index=\"8\" href=\"\">\n\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_RBC.jpg\" \/>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t<a data-slide-index=\"9\" href=\"\">\n\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Richardson.jpg\" \/>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t<a data-slide-index=\"10\" href=\"\">\n\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_Scotia.jpg\" \/>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\n\n\n\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t\t\t\t\t<a data-slide-index=\"11\" href=\"\">\n\t\t\t\t\t\t\t\t\t<img src=\"https:\/\/www.investmentexecutive.com\/wp-content\/uploads\/sites\/3\/2018\/01\/BRC-2017-IE_TD.jpg\" \/>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t\t\t<span id=\"pager-prev\"><\/span>\n\t\t\t\t\t\t\t\t<span id=\"pager-next\"><\/span>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<div class=\"col-md-4 slideshow-bottom-ads text-center\"><div class='js_slideshow_bigbox' data-m32-ad data-options='{\"dfpId\":\"4916\",\"dfpAdUnitPath\":\"tc.investmentexecutive\/-\",\"kv\":{\"pos\":[\"atf\",\"but1\",\"slideshow_bigbox\"]},\"pos\":\"atf,but1,slideshow_bigbox\",\"sizes\":\"[ [300,250] ]\",\"sizeMapping\":\"[ [[0,0], [[320,50], [300,250]]], [[768,0], [[300,250]]], [[1024, 0], [[300,250]]] ]\"}'><\/div><\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n<p><strong>Read: <a href=\"https:\/\/www.investmentexecutive.com\/newspaper_\/big-shifts-for-three-bank-owned-firms\/\">Big shifts for three bank-owned firms<\/a><\/strong><\/p>\n<p><strong>Read: <a href=\"https:\/\/www.investmentexecutive.com\/newspaper_\/gulf-in-corporate-culture-widens\/\">Gulf in corporate culture widens<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Although the Report Card average has remained quite stable in the past decade, some firms have seen some dramatic changes in their ratings<\/p>\n","protected":false},"author":38954,"featured_media":266073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5006,4829,2312,2318],"tags":[2676],"yst_prominent_words":[6111,9212,9206,9205,9204,9203,9202,9200,9189,9188,6114,6113,6112,5,6108,6095,6017,6006,15,14],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/266071"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/38954"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=266071"}],"version-history":[{"count":1,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/266071\/revisions"}],"predecessor-version":[{"id":366385,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/266071\/revisions\/366385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media\/266073"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=266071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=266071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=266071"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=266071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}