Annual Industry Checkup 2021-2022

Annual Industry Checkup 2021-2022 (April 2022)

The Annual Checkup Examines State of Investment Services in Financial Institutions


Since 2012 Kehrer Bielan has published its Annual Checkup to examine the health of the financial advice business in banks and credit unions. The Annual Checkup monitors the number of banks and credit unions offering investment services, the number of financial advisors serving financial institution customers, and the revenue they produce. The report covers year-over-year changes in key metrics such as advisor productivity, assets per advisor, and ROA, providing separate estimates for institutions with their own broker dealer versus those that outsource the broker dealer function to a third party.

The Annual Checkup draws on our annual survey of the third-party broker dealers that partner with banks and credit unions; our benchmarking surveys of bank BDs, credit unions, and banks that partner with third party BDs; our proprietary surveys of compensation; and industry data from the FDIC, NCUA, and other sources.



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2021-2022 Annual Industry Checkup


If you find the Annual Checkup useful, take a look at some of our other research:

The ROI of Financial Planning

The Decision to Own or Outsource Your Broker Dealer

Advisor Production Estimator