While advisors are reporting good news about the size of their books, they still say their firms are coming up short. From the May 2015 issue of Investment Executive newspaper.May 13, 2015
Terry Hetherington, executive vice president and head of Raymond James’ private client group, discusses the firm’s wealth-management support for advisors, an area that saw a significant increase in advisor satisfaction in the 2015 Brokerage Report Card.
Pablo Fuchs, senior editor with Investment Executive, and Fiona Collie, staff writer, discuss the results of the 2015 Brokerage Report Card. This year's Report Card reveals two distinct themes: advisors report a new record high average book of business yet voiced disappointment with their firms in several key areas.
How advisors rated their firms
Advisors ready for CRM2 changes
Not only do advisors want access to management, they also want their leaders to make changes based on advisors' suggestions
Most advisors favour having non-producing branch managers, but there are some who say the old approach still has value
Whether or not advisors are satisfied with their firms' offerings, several brokerages are bringing in more specialists and making major steps to improve the support that advisors receive in key wealth-management services
Many advisors say their firms can't always be counted on to follow through on their promises
Some advisors clamour for their firms to make greater efforts so that their brands become better known among the public
Technology woes continue