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Erdos & Morgan Releases 2017 Financial Advisor Media Outlook and Usage Study

Syosset, New York, October 12, 2017Erdos & Morgan is proud to be releasing the 2017 Financial Advisor Media Outlook and Usage Study (FAMOUS) in January 2018. This distinctive annual study regarding the Financial Advisors (FA) market provides unique insights into the thought process and preferences of Financial Advisors with regard to their media consumption and knowledge of ETFs and Fund Families within the professional investment community.

Our sample starts with combined databases of Registered Investment Advisors (RIA) and Registered Representatives. Financial Advisors are then selected as the initial sample source. Then this initial sample source was cross-referenced to the SEC database to form the final sample. The study is projectable to the approximately 388,000 registered Financial Advisors located in the United States that have recommendation and/or decision making power within their firm.

When asked about the type of firm they are currently employed at during the 2016 study, the FAs reported that 25% were Independent Registered Investment Advisors (RIA), 31% Independent Broker/Dealer, 9% at a Wirehouse, 14% Regional Broker/Dealer and 6% Dually Registered.

Three out of four describe their job title as Financial Planner/Investment Advisor. Other notable titles include Stockbroker/Registered Representative (7%), President/CEO/Principal Partner/VP (7%) and Investment Manager/Consultant (4%).

In order to better understand these professionals, the study contains information regarding the profile of the Financial Advisor.

Financial Advisor Profile from the 2016 study included these interesting facts:

  • Almost all (96%) manage funds for individuals
  • One in three represent more than one firm
  • Over half can make buy/sell decisions for some/all clients without advanced notification
  • Four out five can buy/sell funds from any firm

Financial advice clients sought within the past 6 months includes:

  • Retirement planning 93%
  • Portfolio management 88%
  • Investment strategies 88%
  • Asset allocation 87%
  • Financial planning 86%
  • Estate planning 67%

Also included in the profile are investment options available, uses and knowledge of 16 types of ETFs and 33 different fund families, compensation models, type of clients (high net worth, individual, institutional) and certifications.

In terms of media outlook and usages, the 2017 FAMOUS study takes a comprehensive approach to measuring media. This approach allows for a synergistic analysis of a media brand across different platforms. There are approximately 30 different publications, 50 different websites, 8 different networks with over 30 individual programs and 9 social media sites measured in the study. For social media, FAs were asked which if any they use professionally vs. personally. This study also evaluates mobile media as it relates to the use of applications (APPs) on smartphones and tablets.

Media brands measured by network, print and/or digital platforms include:
Advisor Perspectives, Barron's, Bloomberg Businessweek, Bloomberg Markets, Bloomberg TV, Business Insider, The Business Journals, CNBC, CNN, CNNMoney, The Economist, Financial Advisor, Financial Planning, Financial Times, Forbes, Fortune, FOX Business Network, FOX News Channel, Google Finance, Harvard Business Review, Institutional Investor, Investment Advisor, Investment News, Investopedia, Investor's Business Daily, The Journal of Financial Planning, Kiplinger's Personal Finance, MarketWatch, Morningstar Advisor, Motley Fool, MSNBC, MSN Money, The New York Times, On Wall Street, Pensions & Investments, PBS, PLAN ADVISER, PLANSPONSOR, Private Wealth, Rep., Research Magazine, Seeking Alpha, The Street, Trusts & Estates, USA Today, The Wall Street Journal, Worth and Yahoo! Finance.

Fund families include:
Alliance Bernstein, American Century Investments, American Funds, BlackRock, Dodge & Cox, Eaton Vance, Federated Investors, Fidelity, First Eagle Funds, Franklin Templeton, Goldman Sachs, The Hartford, Invesco, Janus, John Hancock Funds, JPMorgan, Legg Mason, Loomis Sayles, Marsico Funds, Matthews Asia, MFS Investment Management, Oppenheimer Funds, Pimco Funds, Principal Financial Group, Prudential, Putnam Investments, Russell Investments, State Street Global Advisors (SSgA), TD Ameritrade, T. Rowe Price, Van Eck, Vanguard, Wells Fargo.

For more information about the 2017 Financial Advisor Media Outlook and Usage Study (FAMOUS), custom studies among Financial Advisors or any of the other syndicated studies from Erdos & Morgan, please contact David March at (201) 236-0469 or dmarch@erdosmorgan.com.

About Erdos & Morgan
Erdos & Morgan has been a leader in media market research for over 65 years, offering a wide range of full-service custom market research capabilities and syndicated research.

Erdos & Morgan, as a subsidiary of Beta Research, is certified as a women's business enterprise through the Women's Business Enterprise National Council (WBENC), the nation's largest third party certifier of businesses owned and operated by women in the USA. Erdos & Morgan remains an independent operating unit of Beta Research with offices in New York, New Jersey and Massachusetts. Our other syndicated studies include the Opinion Leaders and Purchase Influence in American Business studies.

Custom research is conducted utilizing both quantitative and qualitative techniques including mail, online, telephone, mobile, social media, personal/one-on-one interviews, focus groups, and other statistically sound methods.

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