1st Global Survey Shows Across-the-Board Increase in Advisor Satisfaction

DALLAS — Mar. 12, 20191st Global, an independent wealth management partner to exceptional CPA wealth management firms and financial advisors, today announced the results of its bi-annual Voice of the Advisor survey showing high marks for advisor satisfaction. Survey data shows that more than 97 percent of respondents are satisfied with the overall service and support 1st Global provides their firm and more than 97 percent of respondents stated they would recommend affiliating with 1st Global to another financial advisor or CPA firm.

“The financial services industry, and the services and technologies our clients demand, are changing so rapidly, relevant and timely feedback from our clients is critical,” says 1st Global President David Knoch. “Importantly, service excellence is the foundation for exceptional partnership and support, and we are gratified to have our affiliated firms acknowledge our strong performance.”

At a departmental level, 1st Global’s service and support was praised across the board. Each of the nine departments measured came in at or near all-time highs in terms of advisor satisfaction. Notably, the Service and Operations Group, which realigned into cross-functional, end-to-end service teams last year, earned a 97 percent satisfaction rating – its highest on record.

“I’m so proud of the work our Service and Operations Group has put in to enhance the client experience we deliver,” 1st Global Assistant Vice President of Operations, Service and Capital Markets Bob Jansen said. “We’ve been able to increase our service levels and decrease our processing turnaround times to some of the best in the industry.”

Over the past six months, median processing times for more than 25,000 work items (account applications, check requests, etc.) was just 3.7 hours. In addition, the number of items rejected as not-in-good-order (NIGO) – an industry standard metric for processing quality – is 25 percent better than industry competition, according to data from National Financial.

Created in 2013 as a way to provide an essential feedback loop between 1st Global and the affiliate CPA firms and financial advisors the company serves, the Voice of the Advisor survey is conducted twice each calendar year. The survey measures all points of partnership with 1st Global from satisfaction with key business units, capabilities and resource partners, as well as provides an opportunity to uncover insights into the specific challenges of CPA wealth management firms and what the vision is for the future of their firms.

The latest edition of the Voice of the Advisor survey also revealed some unique insights into the challenges facing CPA wealth management firms. Selecting from a list of industry-wide challenges, respondents identified their top five challenges as the following:

  1. Keeping pace with technology changes
  2. Finding qualified clients and prospects
  3. Effectively leveraging technology within my firm
  4. Effectively utilizing data to improve practice management, client experience
  5. Deliver a consistent client experience

“The value of this survey isn’t just a high advisor satisfaction score. By following up on all areas where we can improve, a commitment made by all of our departmental leaders, we gain valuable performance insights and demonstrate personal accountability. These qualities are what makes 1st Global different and enables us to continue providing exceptional service to our advisors,” says Knoch.

For more information on 1st Global, visit the company’s website at www.1stGlobal.com.

About 1st Global 
1st Global was founded in 1992 by CPAs who believe that accounting, tax and estate planning firms are uniquely qualified to provide comprehensive wealth management services to their clients. 1st Global is a research and consulting partner that provides CPA, tax and estate planning firms with education, technology, business-building framework and client solutions that make these firms leaders in their professions through dedicated professional client relationships built around wealth management. Around 400 firms have chosen to affiliate with 1st Global, making it one of the largest financial services partners for the tax, accounting and legal professions.

About the Voice of the Advisor Survey

Voice of the Advisor is a semiannual survey distributed to all 1st Global affiliates. The survey provides valuable information used to measure our success in delivering exceptional service and support to our affiliated advisors. Data presented was gathered during the Winter 2019 edition, conducted in January-February 2019. A total of 194 wealth management assistants and 341 CPA/financial advisors participated.

Securities are offered through 1st Global Capital Corp., which is a Member of FINRA and SIPC and is headquartered at 12750 Merit Dr., Ste. 1200 in Dallas, Texas, 214-294-5000. Investment advisory services are offered through 1st Global Advisors, Inc. Additional information about 1st Global is available at www.1stGlobal.com.