Advisors in Canada's brokerage sector are reporting healthy growth and satisfaction with their dealers. But the news is not all good for every firm. From the May 2013 issue of Investment Executive newspaper. Click here to download and view the main chart.
Mike Scott, managing director at RBC Dominion Securities, explains the strategies that enabled RBC to remain top-ranked among the bank-owned brokerages in the 2013 Brokerage Report Card. RBC scores increased in 36 of 38 categories, with 17 of those being significant improvements of 0.5 points or more. Scott credits the RBC success to an open-door policy for advisor feedback, strong marketing...
Mike Reilly, president and national sales manager with TD Wealth Private Investment Advice, talks about TD’s improvement in 34 out of 38 categories in the 2013 Brokerage Report Card. Ninety-eight percent of TD advisors surveyed report creating financial plans and advisors gave a 0.7 improvement rating to the firm's receptiveness to feedback. Reilly spoke with Clare O'Hara, staff reporter with...
Pablo Fuchs, senior editor at Investment Executive, and Clare O’Hara, staff writer, discuss key themes from the 2013 Brokerage Report Card. Financial advisors in the brokerage sector are reporting healthy growth in their assets under management, their compensation and their satisfaction levels with their firms. Fuchs and O’Hara spoke at the TMX Broadcast Centre in Toronto.
Although the road back from the financial crisis has been long and slow for Canada's brokers, they finally are seeing their books of business surpass the levels they had attained before the crisis, which pummelled their AUM
In past years, firms either were prohibiting their advisors from using social media or just beginning to explore its use. Now, most firms have policies in place and are offering training and other services
Despite many changes taking place within the economy and in the investment industry itself, advisors are still dissatisfied with their firms' technology tools, as well as with the back office and administrative support