Good Quarter for Advisory Peer Group

The second quarter saw advisory firms in a good position.  

Total assets for the advisory peer group  increased substantially, and it was the only peer group to have experienced an increase in trades. Consequently, both its revenue and profit increased in comparison to the last quarter. 

The same, however, cannot be said for the discretionary peer group.  It experienced a fall in assets, trades, revenue and profit.  Discretionary peer group was the only peer group to experience a fall in cost, but the fall in revenue was proportionately more.

The XO peer group experienced a decline in market bargains, but both its revenue and profit increased in comparison to the last quarter.

The above 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 our survey please contact Mike Levy.  (double click and link to contact us page)