Your report may show changes in the firm's average client account size. This guide helps you assess whether the firm still serves clients like you.
Rising average account values can suggest the firm is focusing more on larger, higher-net-worth clients. Falling average account values may indicate growth in smaller accounts or new service models, such as digital or mass-market offerings.
Changes in average account size can indicate whether the firm is moving upmarket to larger clients or expanding into smaller, more transactional relationships. If the typical client profile drifts far from yours, you may see changes in the firm's priorities, service model, or minimums.
1. What to Review in Your Report
Whether average account size is moving closer to or farther from your own account size.
How quickly the average is changing and over what period.
Whether other indicators (client-to-advisor ratio, headcount, service models) are changing at the same time.
2. Questions to Ask Your Advisor or Firm
How does my account compare to the typical client you serve today?
Has your service model, minimums, or fee structure changed for clients in my range?
Will I continue receiving the same level of attention and planning support going forward?
3. When to Consider Taking Further Action
If you feel the firm is shifting away from clients like you and service is declining.
If minimums or fees are raised in a way that makes the relationship less attractive.
If you want a firm whose typical client profile more closely matches your own situation.
If your profile no longer aligns with the firm's focus.
If you’re uncertain about your firm’s direction, it may be time to consider whether it’s still the right fit for you. You can begin exploring other options while continuing to keep an eye on your accounts.
Use our search tool to quickly find, compare, and continuously monitor new advisors and firms, giving you a clear picture of their background and track record before you make your decision. You can also learn what to expect when changing firms and how it could affect your finances here.
If you have questions or feel uncertain, reach out to us anytime at support@advisorcheck.com.
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