8 best brokerages ranked by employee advisers: J.D. Power
J.D. Power set out to determine which brokerage firms get the highest marks for job satisfaction from their employee advisers. Its 2021 J.D. Power U.S. Financial Advisor Satisfaction Survey
covers eight brokerages and is based on a survey of 3,029 advisers, both employee and independent, conducted from January through April. The broker-dealers were measured on a 1,000-point scale based on six factors: compensation, leadership and culture, operational support, products and marketing, professional development and technology.
According to the 2021 survey, advisers at wirehouses
felt that their firms didn’t provide enough support during the pandemic and that they had a harder time making the switch to remote work than did advisers at non-wirehouse firms.
Click through to see how firms ranked.