Survey also reveals latest insights into advisor careers
The average Canadian financial advisor works for a full-service brokerage or is independent, is in their 30s and has been an advisor for between six and ten years.
The findings are revealed in a report from FTSE Russell which also breaks down how Canadian advisors are allocating their assets under management.
Almost 4 in 10 of respondents said that they have AUM of between U$50-100m, 25% have $25-50, 20% have $100-250m, and 17% are managing more than $250m.
Most (70%) said that 50-74% of their annual revenue is fee-based, 30% said that it makes up 75% or more.
How are assets being allocated?
A fifth of advisors say that at least 21% of their AUM is allocated to passive mutual funds, 27% said active mutuals, 37% individual stocks, 23% individual bonds, 12% ETFs, and 12% CDs.
Cash is the strategy used for at least 21% of AUM by 42% of Canadian advisors, 57% said alternative investments, 65% asset allocation funds and 30% socially responsible investments.
Three quarters said that at least 21% of their equity AUM is allocated to passively managed funds, 80% said that this was true of their fixed income AUM.
The full details are available as part of the smart beta survey on the FTSE Russell website.
The findings are revealed in a report from FTSE Russell which also breaks down how Canadian advisors are allocating their assets under management.
Almost 4 in 10 of respondents said that they have AUM of between U$50-100m, 25% have $25-50, 20% have $100-250m, and 17% are managing more than $250m.
Most (70%) said that 50-74% of their annual revenue is fee-based, 30% said that it makes up 75% or more.
How are assets being allocated?
A fifth of advisors say that at least 21% of their AUM is allocated to passive mutual funds, 27% said active mutuals, 37% individual stocks, 23% individual bonds, 12% ETFs, and 12% CDs.
Cash is the strategy used for at least 21% of AUM by 42% of Canadian advisors, 57% said alternative investments, 65% asset allocation funds and 30% socially responsible investments.
Three quarters said that at least 21% of their equity AUM is allocated to passively managed funds, 80% said that this was true of their fixed income AUM.
The full details are available as part of the smart beta survey on the FTSE Russell website.
