This year’s Report Card revealed a growing divide between business models as managing general agencies received high praise from insurance advisors while those at dedicated agencies and the lone personal producing general agency were less enthusiastic.
August 7, 2018Although the majority of insurance agencies received strong recommendations, there were a few that declined, in advisors’ eyes, this year
The ratings for the five MGAs in the survey were very strong, whereas those for the dedicated sales agencies and the sole PPGA were less favourable
How advisors rated their firms
Although average AUM and productivity declined, advisors' attention to life insurance has increased
Advisors with Hub Financial were much more pleased with their firm this year the same cannot be said for GWL or Sun Life
One set of firms received lower ratings in the three back-office categories, but another set of firms were praised for their efforts
Advisors cited financial help and internal experts as key reasons why they rated their firm's support higher this year
Advisors at most of the insurance agencies in the Report Card gave passing grades for ongoing training initiatives
Findings from the 2023 Report Card series showed advisors are entrepreneurial but still seek business guidance and support from their firms
Branch-based advisors and planners said they appreciated certain support offered by their banks, but there's still room for improvement.
Dealer firms may be losing ground in their quest for financial advisors’ approval, according to this year's Report Card
The Report Card, which celebrates its 30th anniversary in 2023, highlights the resiliency and innovation of many of Canada’s investment advisors in the face of…