J.D. Power survey: Employee advisers rank best brokerages
J.D. Power set out to uncover which brokerage firms get the highest marks for job satisfaction from their employee advisers. Its 2020 J.D. Power U.S. Financial Advisor Satisfaction Survey covers seven brokerages and is based on a survey of 3,262 employee advisers conducted from January through April 2020. 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 2020 survey, the firms seem to be focusing on improving technology platforms instead of recruiting initiatives.