Advisors want fair compensation plus the ability to avoid conflicts of interest when meeting clients' needs
While AUM and client household numbers varied across the three channels, there was slight average asset growth
Restrictive security measures, advisor training and fraud prevention help keep clients’ data safe
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