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Brokerage Report Card 2017

Investment advisors are experiencing significant growth in their businesses as their books have reached a new all-time high, but dissatisfaction is growing among advisors with bank-owned dealers as the parent banks are exerting unprecedented influence on their brokerage firms.

May 17, 2017

Brokerage Report Card 2017: TD Wealth PIA experiences major shift in fortunes

Dave Kelly, senior vice president of TD Wealth Private Wealth Management, discusses the significantly higher ratings advisors gave to TD Wealth Private Investment Advice in the 2017 Brokerage Report Card.

  • May 17, 2017 December 19, 2017
  • 07:30

Slideshow: How brokerages have fared during the past 10 years

Although the Report Card average has remained quite stable in the past decade, some firms have seen some dramatic changes in their ratings

  • May 10, 2017 January 22, 2018
  • 09:00

Slideshow: Taking stock of each brokerage’s average advisor

Although advisors with bank-owned firms have bigger books and greater productivity on average than those with independent dealers, advisors with independent dealers are more likely to recommend their firms

  • May 3, 2017 January 20, 2018
  • 09:10

Brokerage Report Card 2017: The making of a Report Card

Pablo Fuchs, senior editor at Investment Executive, and Fiona Collie, staff writer, discuss the research methods used to create the 2017 Brokerage Report Card.

  • May 3, 2017 December 19, 2017
  • 09:00

Banks’ presence is felt

There are several reasons why advisors with bank-owned investment dealers are unhappy this year, but the shift from being "bank-owned" to "bank-run" is the most prevalent

  • April 28, 2017 January 22, 2018
  • 23:07

Brokerage Report Card 2017: Editors discuss this year’s findings

Pablo Fuchs, senior editor with Investment Executive, and Fiona Collie, staff writer, discuss the results of the 2017 Brokerage Report Card. This year, investment advisors with bank-owned investment dealers were unhappy with their firm for several reasons.

  • April 28, 2017 December 19, 2017
  • 10:00

Brokerage Report Card 2017 main chart

How advisors rated their firms

  • April 28, 2017 April 10, 2018
  • 00:07

Advisors saw solid growth in AUM

Other key metrics also shifted: higher-value accounts now make up a growing proportion of the average book fee- and asset-based sources of revenue continue to rise and top performers are driving a shift toward the use of ETFs

  • April 28, 2017 March 2, 2018
  • 00:06

Big shifts for three bank-owned firms

Ratings for TD Wealth Private Investment Advice, BMO Nesbitt Burns and ScotiaMcLeod swung dramatically this year for a variety of reasons. Corporate culture, strategy and communication were key points of focus for advisors

  • April 28, 2017 January 18, 2018
  • 00:05

Gulf in corporate culture widens

The difference between how advisors with bank-owned dealers and their counterparts with independent firms feel about their corporate culture is more pronounced

  • April 28, 2017 January 18, 2018
  • 00:04