Overall investor satisfaction stays flat: J.D. PowerPosted by RJ and Makay on May 11, 2012 |
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Investors’ satisfaction level with their full service brokerages has remained flat since last year and also since the midst of the financial crisis in 2008, according to the latest J.D. Power and Associates investor satisfaction study. Edward Jones scored highest this year, propelled by the best score in the “client satisfaction with advisor” subcategory. The study found that advisors are spending more face time with clients over their portfolios and investment performance.
David Lo
USAA topped the latest J.D. Power & Associates 2011 U.S. Self-Directed Investor Satisfaction Study, while Merrill Edge, the consumer brokerage unit of Bank of America, came in last. The survey study measured six factors of self-directed investor satisfaction: 1) Interaction; 2) Account information; 3) Trading charges and fees; 4) Account offerings; 5) Information resources; and 6) Problem resolution.








