High-net-worth clients expect a personal touch
Some advisors say wealthy investors are not getting service that meets high expectations
- By: James Gaughan
- October 12, 2021 October 8, 2021
- 00:04
Some advisors say wealthy investors are not getting service that meets high expectations
Advisors across all Report Cards gave a collective Net Promoter Score of 62.2
Firms across the industry enjoyed a solid year of growth (story includes main chart)
The average advisor was younger, with slightly fewer years in the industry and at their firm
The performance rating of the category increased, but a satisfaction gap remains
Which credentials advisors are seeking and why
Candid comments from across the industry
Over the past decade, female advisors have shared their experiences
From the continued weight of compliance to market fears, there are multiple hurdles to overcome
Advisors are concerned about account size trends
Advisors focus on putting plans in place for both themselves and their clients, and need help from their firms to ensure they're headed in the…
How advisors rated their firms
Although many of the basic demographic metrics were relatively stable year-over-year, advisors experienced growth in AUM and productivity, thanks to solid equities markets and stronger…
There is significant trust among advisors that their firms are doing everything possible to keep important data secure
These rules have led to delays, confusion and too much information on clients' statements
Firms are making a concerted effort to provide the necessary support and software advisors need, but issues remain
Although advisors have complained for years about their back-office support, some firms have found the winning formula
Advisors are taking succession planning more seriously, but firms still have plenty to do to meet advisors' expectations
As the financial services sector undergoes profound changes, advisors will need support from their firms to meet the increasing challenges and build strong practices
How advisors rated their firms
How advisors feel about their firms' communications efforts has an impact beyond measure
Although there's little movement in the overall numbers, a closer look at advisors' metrics in the four distribution channels included in the Report Card series…
Brokerages are leading the way in encouraging advisors to drop the smallest clients from their books of business
Having a robust product offering from firms is very important to advisors
Two firms have taken very different strategies regarding their technology, but both received high praise from their advisors