Top Wealth Managers Quarterly Pulse Survey Results and Rankings Released
NEW YORK, Nov. 10, 2010 /PRNewswire/ -- AdvisorOne.com, Summit Business Media's comprehensive destination website for investment advisors, has released the rankings and analysis of its second quarter Top Wealth Managers Quarterly Pulse Survey.
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"By reaching out to advisors on a quarterly basis, we can more effectively identify, analyze and report the trends affecting the wealth management industry so that advisors can benchmark their firm's performance," said Kathleen McBride, Wealth Editor-in-Chief of AdvisorOne.com. "These regular insights into industry performance are especially useful during the challenging economic times faced by advisors and their clients over the last two years."
Key findings from the Q2 Top Wealth Managers Quarterly Pulse Survey include:
- Revenues of the typical firms are tracking at a 12.6% growth rate for 2010, in spite of a difficult second quarter for revenue and assets.
- Growth expectations are cautious, but firms are planning to hire new advisors and are looking forward to 2011.
- Business development has been slow, with medium sized firms growing fastest.
- There is a sweet spot among average clients that may surprise some advisors.
The findings include analysis and reports from Philip Palaveev, president of Fusion Advisor Network and former Moss Adams principal. For the complete series of articles and Top 50 Rankings visit the Top Wealth Managers area of AdvisorOne.com at: http://www.advisorone.com/top-wealth-managers
Started in 2009, the Top Wealth Managers Quarterly Pulse Survey gleans timely insights and details about the key issues affecting the nation's leading wealth management firms and their clients. The Quarterly Pulse surveys complement the Annual Top Wealth Managers Survey and Rankings, now celebrating their 10th year. Conducted every year in May, the annual survey provides a more detailed analysis of the industry, including rankings of wealth management firms on several criteria.
About Summit Business Media
Summit Business Media is the leading B2B media company serving the insurance and investment markets. Through its Media and Reference divisions, SBM publishes 16 magazines, more than 30 targeted industry Web sites, and 150 reference titles. The Events Division hosts a dozen conferences supporting these brands. SBM's Data Division is the leading provider of group benefits and retirement prospecting tools and insurance industry financial data. For more information, visit summitbusinessmedia.com.
About AdvisorOne.com
AdvisorOne.com delivers content and data assets from Summit Business Media's Investment Advisory Group, including Investment Advisor and Research magazines, combined with contributions from industry experts, and relevant content aggregated daily from trusted partners, including Lexis Nexis, AP Financial Wire, Bloomberg, Market Watch, Quote Media, Barron's, The New York Times, Business Week, and The Wall Street Journal.
SOURCE Summit Business Media
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