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RJ & Makay

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Tags >> financial advisor satisfaction study

Financial Advisor Satisfaction Up for 2010 According to Survey

Posted by admin on Oct 25, 2010

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A Financial FinancialSatisfaction-UseThisAdvisor Satisfaction Study conducted by J.D. Power and Associates found that perceptions of financial stability of wirehouses and independent firms have improved since 2008. More than 2,800 financial advisors who hold a Series 7 license responded to the survey.

In 2008, perceptions of financial stability among wirehouse advisors hovered at 4.6 on a 7-point scale. In 2010, that number has increased to 5.4. For employees of independent firms, their score improved to 6.3 in 2010 from 6.0 in 2008.

When it comes to firms where advisors are happiest, non-wirehouse firms are leading the pack.