The benefits of working in teams are made abundantly clear in PriceMetrixs new Insights report, "Be Part of Something Bigger: Teams in Retail Wealth Management." Read more: Why Advisors Should Be Using Teams
Data from more than 40,000 advisors shows that firms that make use of teams grow faster, achieve higher returns on assets and do a better job of retaining clients. Compared with sole practitioners, advisors who work in teams attract more affluent clients, manage more money and produce more revenue, according to the report.
The following slides provide a deeper dive into the PriceMetrix data, providing a more complete look at how teams compare with individual advisors and what combinations of advisors work best as a team.