Advisors’ Report Card 2023 main chart
How advisors across the financial industry rated their channels, based on average firm results
How advisors across the financial industry rated their channels, based on average firm results
Methodology for the 2023 Report Card series research
Just as older clients' needs vary, so too do advisors' techniques and priorities across each industry channel
Firms in the brokerage channel were rated highest in most Report Card categories, but advisors still cited ways to improve
Increases in AUM and client rosters were uneven across the brokerage, dealer and retail bank channels
Client mix and advisor tenure affect the difficulty of advising in a tough economy
While brokerage firms’ digital tools and flexibility earned praise, technology generally garnered mixed reviews
Advisors becoming more dependent on support from compliance professionals
With the vast majority of advisors focused on planning, firms must continue investing in that area
The debate about the benefits of responsible investing persists
Report Cards show financial advisors headed into the market volatility with a buffer
Despite creating additional work for advisors, the new rules aren't affecting business processes significantly
Mutual fund usage among dealer advisors remains high, but fell between 2021 and 2022
Report Card series reveals advisors still value business freedom and strong leadership
Maintaining shelf flexibility and offering adequate product information are key components
Survey respondents cite positive DE&I initiatives, but admit there's room for improvement
How advisors across the financial industry rated their segments on average
Methodology for the Advisors’ Report Card 2022
Within a shifting industry, advisors valued solid support as well as proactive innovation
Advisors across the industry value planning tools and access to experts
Our methodology explained
Average ratings from advisors in each industry channel
Some brokerages and dealer firms have taken steps to address areas such as back-office support and technology
Investment Executive's full Report Card series shows that book values and productivity have increased since 2019
Meanwhile, equities and ETFs have gained portfolio share for brokerage advisors