Media Coverage

Grow your business with younger clients

March 9, 2015 // Investment Executive

New research finds three reasons for increasing the proportion of younger clients in advisors’ books

Thomson Reuters Selects Canadian-Based PriceMetrix To Enhance Proposal Generation Service For Wealth Managers

December 18, 2014 // The Globe and Mail

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that PriceMetrix’s proprietary database of fee and managed accounts history will be offered as part of Thomson Reuters Wealth Management Solutions.

Credential Financial Opts For PriceMetrix’ FeeCheck Market Intelligence

June 9, 2014 // Digital Journal

PriceMetrix today announced Credential Financial Inc. has signed up for a two-year subscription to FeeCheck, the company’s unique market intelligence application. FeeCheck draws upon the fee and managed account pricing history contained in PriceMetrix’ proprietary database of 40,000 financial advisors to give advisors critical market intelligence, enabling them to make more informed pricing decisions and get appropriately paid for the value they deliver.

What to Do About Fee Compression

June 9, 2014 // Financial Planning

Last year, the average fee for new accounts was 1.02%, down from 1.04% in 2012 and 1.21% in 2011, according to PriceMetrix’s fourth annual Insights report. That’s a nearly 16% decline in pricing in two years.

Firm Suggests 7 Strategies to Boost Financial Advisor Client Retention

May 22, 2014 // Insurance & Financial Advisor

A new study has identified seven strategies for successful client retention among financial advisors. The study found that advisors who retained 95% of their clients increased total assets under management over the 2010–2013 period grew by 25%, versus a 12% increase for advisors who held on to only 80% of their clients.

Wealth Management Trends – The Good, The Bad & The Ugly

May 22, 2014 // Forbes

2013 was a mixed year for the retail wealth management business, with positive highlights – such as increases in assets under management, revenues and production – hiding some disturbing underlying trends. The results provide a good baseline for individual advisors, advisor groups and their firms to evaluate their businesses and plan accordingly for the future.

Advisor AUM Increased, Client Retention Decreased In 2013

May 21, 2014 // Financial Advisor

Financial advisors increased assets under management 12%, average advisor revenue rose 5%, and average household revenue increased 11% in 2013. However, client retention rates and average revenue on assets declined.

Market Upswing Hides Underlying Business Faults

May 21, 2014 //

Markets buoyed business for financial advisors last year, but the rally masked underlying issues such as declining client retention, lower fees and an aging client base.
While last year was a profitable one for advisors, it would be a “mistake” to view the business trends as entirely positive.

5 Questions You’ve Always Wanted to Ask Your Financial Advisor: Answered

May 21, 2014 // US News and World Report

During meetings with a financial advisor, it’s common for the advisor to ask most of the questions: “Has anything changed since we last met? Are you comfortable with our investing process?”. You may have some questions of your own that might not relate to your investments, but you’re curious about nonetheless.

Graying Books, Antsy Clients Stir Up Headwinds

May 21, 2014 // Financial Advisor IQ

Despite rising assets and revenues, clouds hover over the financial-advice industry. Growth last year was largely driven by a continuing rebound in stocks. At the same time, client-retention rates showed a slight dip in 2013.