Most financial advisors in the banking channel are casting a critical eye on their respective firms and taking them to task over the numerous failings they see at their banks, ranging through the back office to consumer advertising and the way the banks take stock of advisors’ feedback.
June 23, 2016Given the many changes to this year's Report Card, firms' lower ratings may not be that much of a surprise
Although most advisors say back-office functions need improving, some firms are meeting their advisors' expectations
Advisors have opportunities to make their voices heard, but many complain that their firms do very little with the feedback
Banks are improving their financial planning tools as the practice becomes more important to the firms and their advisors
Advisors with banks, who tend to be younger than brokerage and dealer reps and get paid mostly by salary, are holding their own
There's much debate about how robo-advisors will impact the traditional financial services sector
Advisors would like to see their banks promote financial planning rather than only mortgages in their advertisements
How advisors rated their firms
Banks are well prepared to deal with the unique issues affecting aging Canadians
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…