Many SAs are like mini advisors. Their advisors not only trust them to take initiative without supervision, but they are also involved in setting goals and strategies for the FA's business. Sometimes they even provide advice to clients.
Primary job responsibility | Respondents | Percentage |
|---|
| Client service | 76 | 44.4% |
| Client management | 51 | 29.8% |
Licenses and Designations | Respondents | Percentage |
|---|
| Series 7 | 152 | 88.9% |
| Series 63 | 95 | 55.6% |
| Series 65 | 40 | 23.4% |
| Series 66 | 56 | 32.7% |
| Insurance | 43 | 25.1% |
What role do you play in setting business strategies and goals for your advisor(s)? | Respondents | Percentage |
|---|
| Not involved, or aware of, the strategies and goals | 1 | 0.6% |
| I am aware of the strategies and goals, but am not involved in their development | 59 | 34.5% |
| I provide some input in the goals and strategies | 66 | 38.6% |
| I am an integral part of the goal and strategy development | 29 | 17.0% |
How do you work with clients? | Respondents | Percentage |
|---|
| Clients rely on me only to relay messages to the broker | 2 | 1.2% |
| Clients rely on me for basic administrative services | 46 | 26.9% |
| Clients rely on me for a variety of needs, including some types of advice | 117 | 68.4% |
| Other | 5 | 2.9% |
Which best describes your working relationship with the FA you support? | Respondents | Percentage |
|---|
| Micromanages my every move; shows little confidence in my abilities | 4 | 2.3% |
| Manages closely, but not to the point of interfering with my ability to get things done | 18 | 10.5% |
| Trusts me to complete my work without close supervision; allows me to take the initiative | 143 | 83.6% |
