Home Report Card on Banks & CUs

At some banks, advisors resemble their brokerage or dealer counterparts; at others, they appear to be positioned much closer to traditional frontline retail bankers

Report Card on Banks 2017: Editors discuss key themes

Pablo Fuchs, senior editor with Investment Executive, and Fiona Collie, staff writer, discuss the results of this year’s Report Card on Banks, which show that the Big Six Banks are failing to live up to branch-based advisors’ expectations.

Scotiabank, National Bank and CIBC advisors were quite vocal in their disapproval of changes to their paycheques

Advisors cited technology as one the key areas that their banks could most improve upon

How advisors rated their firms

  • By: IE Staff
  • June 22, 2017 January 19, 2018
  • 23:50

Surveyed advisors said much work is required in some key areas, such as support for tax planning, compensation, pensions and technology

Advisors have high expectations of their banks' pension plans, but many bemoaned the changes their firms have implemented

Advisors praised their banks' websites and mobile apps for being easy to use and providing clients with access to accounts

Advisors have various reasons for their dissatisfaction with their banks' support for both tax and wills and estate planning

An overall decline in advisors' average AUM and productivity may be signs that all is not right in this channel