Many SAs are like mini advisors. Their advisors not only trust them to take initiative without supervision, but they are also involved in setting goals and strategies for the FA's business. Sometimes they even provide advice to clients.
Primary job responsibility
Respondents
Percentage
Client service
76
44.4%
Client management
51
29.8%
Licenses and Designations
Respondents
Percentage
Series 7
152
88.9%
Series 63
95
55.6%
Series 65
40
23.4%
Series 66
56
32.7%
Insurance
43
25.1%
What role do you play in setting business strategies and goals for your advisor(s)?
Respondents
Percentage
Not involved, or aware of, the strategies and goals
1
0.6%
I am aware of the strategies and goals, but am not involved in their development
59
34.5%
I provide some input in the goals and strategies
66
38.6%
I am an integral part of the goal and strategy development
29
17.0%
How do you work with clients?
Respondents
Percentage
Clients rely on me only to relay messages to the broker
2
1.2%
Clients rely on me for basic administrative services
46
26.9%
Clients rely on me for a variety of needs, including some types of advice
117
68.4%
Other
5
2.9%
Which best describes your working relationship with the FA you support?
Respondents
Percentage
Micromanages my every move; shows little confidence in my abilities
4
2.3%
Manages closely, but not to the point of interfering with my ability to get things done
18
10.5%
Trusts me to complete my work without close supervision; allows me to take the initiative
143
83.6%
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