An AdvisorHub Survey on Culture Reveals the Workplace Attributes Financial Advisors Truly Value

NEW YORK–(BUSINESS WIRE)–Feb 9, 2021–, the nation’s fastest growing news site for financial advisors today released the results of a new culture study — sponsored by Edward Jones — that explored the importance of firm culture to financial advisors as they navigate the course of their careers. AdvisorHub defines culture as the shared values, attitudes, standards, and beliefs that define the nature of the firm or company and offer the necessary support to help advisors be successful. The nationwide survey was conducted by an independent research firm in the latter half of 2020. Respondents included those with the title of Financial Advisor, Executive/Senior Manager, Branch Manager, Money Manager and Portfolio Manager — all respondents had direct interaction with investors at the time of the survey. Respondents were asked how they felt about certain factors related to culture as an individual, as well as how much importance they felt their firm — by firm type — placed on those same factors. Featured topics of the culture survey include:

  • Client-related culture factors
  • Equity compensation
  • Corporate citizenship
  • Flexibility in personal schedule
  • Reputation and integrity of the firm

Among the many findings, the culture study revealed:

  • 90% of respondents say “Company culture is important to me,” with more than 67% saying that they “strongly agree.”
  • More than 76% are “proud of my company’s culture,” with more than 53% saying that they “strongly agree.”
  • 51% agree that they “recruit other advisors to my firm because of the culture,” with less than 32% saying that they “strongly agree.”

“Firm culture has become increasingly important to FAs and firms need to listen,” said Tony Sirianni, CEO & Publisher of AdvisorHub. “Whether you are talking about inclusive and diverse hiring practices, equity compensation, or autonomy to run your own business, advisors have the ability to choose a firm whose culture is compatible with their own personal values and beliefs.” The first in a series of articles analyzing the results can be found here. Upcoming articles will focus on the disconnect between Financial Advisors’ Personal View on Culture vs. their Firm’s, Culture and the Client Experience, Advisor Transition as it Relates to Culture, How to be an "A" Culture Firm, and The New Virtual Culture. About AdvisorHub: AdvisorHub expands upon traditional trade industry coverage. In addition to investigative journalism and sophisticated commentary on the wealth management industry, we provide recruiting deals and compensation information crucial to advisors’ practices and careers. Led by a former advisor, CEO, and thought leader — Tony Sirianni — AdvisorHub produces content that is of great value to its coveted, loyal audience. AdvisorHub consistently breaks national news stories that are subsequently covered by the nation’s leading news organizations such as The Wall Street Journal, Bloomberg, Barron’s and Reuters. View source version on Patrick Clancy, VP of Marketing – (703) 282-1597  KEYWORD: UNITED STATES NORTH AMERICA NEW YORK INDUSTRY KEYWORD: FINANCE CONSULTING PROFESSIONAL SERVICES SMALL BUSINESS HUMAN RESOURCES SOURCE: AdvisorHub Copyright Business Wire 2021. PUB: 02/09/2021 02:04 PM/DISC: 02/09/2021 02:04 PM