Most relationships between independent brokers and their firms are working out well. In WealthManagement.com’s fourth annual Independent Broker/Dealer Report Card, a survey that lets advisors from independent brokerages rate their firms on a number of factors, the average approval rating of the 22 firms surveyed was 9.0 on a scale of one (lowest) to 10 (highest).
Here, the ten highest scoring independent brokerages. These are the firms were the brokers themselves say they are most satisfied.
View our full coverage of the 2014 Independent Broker/Dealer Report Card
View feature story, Smaller Firms, Happier Advisors. Can it Last?
How This Survey Was Conducted:
Between Jan. 10 and Feb. 3, 2014, WealthManagement.com emailed invitations to participate in an online survey to print subscribers and advisors in the Meridian-IQ database at over 80 independent broker/dealers. By Feb. 3, a total of 2,649 completed responses were received. Brokers rated their current employers on 26 items related to their satisfaction. Ratings are based on a 1-to-10 scale, with 10 representing the highest satisfaction level. They were also asked additional questions about their firms and respondents were given space to post their own opinions.
