Findings from the 2023 Report Card series showed advisors are entrepreneurial but still seek business guidance and support from their firms
October 15, 2023
Findings from the 2023 Report Card series showed advisors are entrepreneurial but still seek business guidance and support from their firms
October 15, 2023How advisors across the financial industry rated their channels, based on average firm results
Methodology for the 2023 Report Card series research
Just as older clients' needs vary, so too do advisors' techniques and priorities across each industry channel
Firms in the brokerage channel were rated highest in most Report Card categories, but advisors still cited ways to improve
Increases in AUM and client rosters were uneven across the brokerage, dealer and retail bank channels
Client mix and advisor tenure affect the difficulty of advising in a tough economy
While brokerage firms’ digital tools and flexibility earned praise, technology generally garnered mixed reviews
Advisors becoming more dependent on support from compliance professionals
With the vast majority of advisors focused on planning, firms must continue investing in that area
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…