Volatile markets, continuing fee compression and changing regulatory frameworks have created challenges for advisors. And while many are taking these changes in stride, their overall satisfaction with their independent broker/dealers dimmed slightly this year. WealthManagement.com’s Independent Broker/Dealer Report Card allows advisors to rate their firms on a number of factors, with the average approval rating of the 15 firms surveyed coming in at 9.1 on a scale of 1 (unacceptable) to 10 (outstanding).
How This Survey Was Conducted: Between Jan. 11 and Feb. 10, 2016, WealthManagement.com emailed invitations to participate in an online survey to print subscribers and advisors in the Meridian-IQ database at more than 80 independent broker/dealers. A total of 1,501 completed responses were received.
Next: A Deeper Look