Insurance advisors surveyed for this year’s Insurance Advisors’ Report Card are dissatisfied with their insurance agencies’ efforts in many critical categories, resulting in lower ratings across the board. The message to firms is clear: they need to do more to support their advisors.
August 15, 2017The Report Card average has remained quite stable during the past eight years, but some firms have seen some dramatic changes
For insurance advisors, average age, tenure in the industry and with their firms, as well as annual compensation, is most revealing
Pablo Fuchs, senior editor with Investment Executive, and Fiona Collie, staff writer, discuss the results of this year's Insurance Advisors’ Report Card, which show advisors need more support from their firms in key areas of financial planning and back office support.
Many ratings for Financial Horizons, Freedom 55 and Hub dropped significantly, while Sun Life enjoyed several increases
Most insurance agencies were rated much lower in a bevy of categories this year. Advisors want firms to step up their efforts
Most advisors voiced their displeasure with their firm's CMS, but advisors with Sun Life and IDC WIN were very satisfied
For many advisors, their firm's back office and administrative support for new business leaves much to be desired
Advisors seek the right combination of technology and support specialists to create strong financial plans for their clients
There's an approach to advisor autonomy at firms, which allows advisors to make product choices for clients without any interference
How advisors rated their firms
This package summarizes data from the Brokerage, Dealers' and Bank reports, looking at trends across the financial advice industry.
Most retail branch advisors and planners were optimistic in this year's report, giving consistent or improved reviews for their banks' support
This annual report explores the priorities of advisors with full-service or mutual fund-only firms across Canada, looking at 11 dealers.
The annual Report Card reveals the priorities and business needs of investment advisors across Canada, assessing 14 investment dealers. Here's a look at advisors' technology,…