Good Performance Continues

Quarter 1 2007 showed good results for the industry as a whole.

Invested assets went up by 2%, revenue increased by 8%, market bargains were up by 19% and bought bargain increased by 24%.

Advisory firms experienced the highest percentage increase in trades and revenue.

Execution only firms experienced 2% increase in invested assets, along with the highest percentage increase in bought bargains, bought consideration, total exchange consideration, online trades and staff numbers.  The increase in staff numbers for execution only firm was the largest since the 1st quarter of 2000.

The discretionary firms have experienced highest increase in market bargains and invested assets (along with execution only firms), but fell short in percentage increase in revenue.  Increased trades translated to a proportionate increase in revenue for advisory and execution only firms, but failed to do the same for discretionary firms.  Discretionary firms have experienced trade growth comparable to that of advisory and execution only firms, but the percentage increase in revenue was less than the other two categories of firms. 

These highlights are from our quarterly update of key performance indicators, based on data submitted by our wealth management clients.  If you would like to know more or participate in these surveys, please contact Mike Levy.   (double click and link to contact us page)