Investment Advisor is again asking its independent broker-dealer rep readers to rate their BDs, and voting for the 25th annual Broker-Dealers of the Year is now open on ThinkAdvisor.
Votes can be cast by all reps of independent contractor broker-dealers; voting is open on ThinkAdvisor from June 1 to July 1; results of the polling are provided in the September issue of Investment Advisor.
Provided anonymity but with their credentials confirmed, the reps are asked to rate their BD in 14 discrete areas, including those that are most dear to the hearts (and pocketbooks) of advisors:
- prompt payment of commissions
- communication with the home office
- tech support
- product list
Reps are also asked to provide an overall rating; the broker-dealers with the highest ratings from their reps are then named Broker-Dealers of the Year in four different size categories, so BDs of the same size compete with one another.
In addition to the quantitative findings that yield winners, the Broker-Dealers of the Year balloting also asks reps qualitative questions that provide a unique view of the overall IBD industry , including:
- Which service(s) do you wish your current broker-dealer offered that it doesn’t currently?
- If you were to affiliate with another broker-dealer, which would you choose?