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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> advice industry

Surprising trends in the advice business

Posted by RJ and Makay on Mar 23, 2011

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Suprising trends in the advice businessFinancial professionals might be interested in an InvestmentNews report about a poll by Advisors Trusted Advisor, which recently uncovered some surprising trends in the financial advice industry. Of the 262 advisors polled, more than half were at fee-only firms, a quarter worked as independent reps, and the rest were employed by wirehouses, brokerages, banks or insurers. Survey participants had a median of about $400 million in assets under management.

Here are the seven trends the poll revealed, in descending order, just as described by InvestmentNews: