Firms and their advisors have embraced financial planning, but it appears clients have not. Advisors cite the time and the complexity involved in preparing a plan as major reasons why clients don't want to go through this process
WFG, PPI Advisory and IDC WIN received improved ratings in a variety of categories while Freedom 55's and Daystar's ratings tumbled
Deposit-taking institutions need to do much better when it comes to advisors' compensation structures
The average age of advisors at dealer firms has risen, as has the number of advisors who have a succession plan in place
In past years, firms either were prohibiting their advisors from using social media or just beginning to explore its use. Now, most firms have policies in place and are offering training and other services