Industry News

2013 Brokerage Report Card

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.

In this Special Feature

  • 2013 Brokerage Report Card: RBC scores increase in 36 of 38 categories

    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...

    Company News
  • 2013 Brokerage Report Card: TD gains in 34 out of 38 categories

    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...

    Company News
  • 2013 Brokerage Report Card: Editors discuss the results

    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.

    Industry News
  • A year of notable growth

    Financial advisors at 13 brokerages say that they and their firms are no longer in a state of recovery they are already seeing significant increases in some key metrics

    Brokerage Report Card
  • 2013 Brokerage Report Card main chart

    How advisors rated their firms

    Brokerage Report Card
  • How we did it

    Compiling the 2013 Brokerage Report Card

    Brokerage Report Card
  • Three firms up, three firms down

    Six brokerages in this year's Report Card have experienced a shift in their fortunes year-over-year

    Brokerage Report Card
  • Advisors back in growth mode

    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

    Brokerage Report Card
  • Social media now accepted

    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

    Brokerage Report Card
  • Much work to do on tech, back office

    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

    Brokerage Report Card
  • Firms improve marketing support

    Some bank-owned investment dealers have followed in the footsteps of the top-performing firms by introducing specialized marketing support services that focus on providing customized strategies

    Brokerage Report Card
  • Brokerages focus in on diversity

    Advisors say their firms are doing a good job at welcoming women and minorities into the brokerage sector

    Brokerage Report Card
  • All eyes on financial planning

    Brokerage firms and their advisors are putting a greater emphasis on making sure that their clients have financial plans. One advisor says financial planning is becoming a “requirement’”

    Brokerage Report Card
  • Valuable members of the team

    Advisors were asked to rate their sales assistants for the first time in this year’s Brokerage Report Card

    Brokerage Report Card
  • Firms take two roads

    Some of the firms that have tweaked their compensation programs were punished, while those that maintained a steady grid were praised

    Brokerage Report Card