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  5. Enhanced Advisory Trading Entry Survey

Enhanced Advisory Trading Entry Survey

Enhanced Advisory Trading Pilot Entry Survey
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Exit Survey
 
 
Hello:

In preparation for the upcoming enhanced advisory trading pilot, LPL would like to learn a little bit about how you are trading and rebalancing today through a quick survey.

This survey will take approximately 10 minutes of your time and will provide us with valuable feedback on this effort.

Please start with the survey now by clicking on the Continue button below.

Thank you in advance for helping to improve LPL’s technology.
 
 
 
Please read each question and select the most appropriate response as it relates to your advisory business.
 
 
 
* 1. Please enter your RepID.
   
 
 
 
* 2. Please enter your Email Address.
   
 
 
 
* 3. Which of the following best describes your primary role?
 
Advisor
 
Assistant
 
Dedicated Trader
 
OSJ
 
Other
 
 
 
 
* 4. What percentage of your business is Advisory?
 
Less than 10%
 
11% - 20%
 
21% - 40%
 
41% - 60%
 
61% - 80%
 
81% - 90%
 
More than 91%
 
 
 
* 5. Approximately how many advisory clients do you currently service?
   
 
 
 
Current Trading Activity
 
 
 
* 6. Approximately how many trades do you enter per year?
 
0 – 100
 
101 – 500
 
501 – 1000
 
1001 – 4000
 
4001 – 10,000
 
10,000 +
 
 
 
* 7. Approximately how often do you personally make trades in BranchNet?
 
Multiple times per day
 
Once per day
 
A few times per week
 
Once a week
 
Less than once a week
 
 
 
* 8. On average, how many hours per week do you personally spend trading or rebalancing? Please enter a whole number between 0 and 60.
   
 
 
 
* 9. On average, how often do you trade or reallocate/rebalance an individual client’s accounts?
 
Daily
 
Monthly
 
Quarterly
 
Semi-Annually
 
Annually
 
 
 
* 10. On average, about much time do you spend trading on an individual client’s accounts each time? Please type in the number of minutes in 5 minute increments.
   
 
 
 
Current Trading Activity Continued
 
 
11. On average, how long do you think it would take to accomplish the following scenarios in BranchNet? Please type in the number of minutes in 5 minute increments.
Average Duration (in minutes)
* Trade a single security for a single account
* Trade/rebalance 5 securities for a single account
* Trade/rebalance a single security for 50 accounts
* Trade/rebalance up to five different securities for 50 accounts
* Conduct a mutual fund exchange
 
 
12. What is your level of confidence that you could successfully complete the following scenarios without issues in BranchNet today?
Not at all confident Somewhat confident Confident Very confident Extremely confident
* Trade a single security for a single account
* Trade/rebalance 5 securities for a single account
* Trade/rebalance a single security for 50 accounts
* Trade/rebalance up to five different securities for 50 accounts
* Conduct a mutual fund exchange
 
 
13. What is your current satisfaction with the trading platform available in BranchNet today?
Very Unsatisfied Unsatisfied Neutral Satisfied Very Satisfied
* Overall
* Features & Functionality
* Ease of Use
* Technical Performance
* Training/Education
 
 
 
Rebalancing Tools
 
 
 
* 14. What tool do you primarily use for rebalancing today?
 
I do not rebalance my accounts
 
Pencil, paper, and calculator
 
Spreadsheets
 
ASI
 
ARM
 
RebalanceNow!
 
Other
 
 
 
 
* 15. How many models do you use for rebalancing?
 
0 (I do not use models)
 
1-5
 
6-10
 
11-15
 
More than 15
 
 
16. What is your current satisfaction with the rebalancing tool you use today?
Very Unsatisfied Unsatisfied Neutral Satisfied Very Satisfied
* Overall
* Features & Functionality
* Ease of Use
* Technical Performance
* Training/Education
* Pricing
 
 
 
Other Trading Activities
 
 
17. How are you currently doing the following trading activities, if at all?
Manually Using a spreadsheet Using an automated tool I do not do this today
* Trading to percentages (e.g. allocate AAPL to 6% of the account value for 25 accounts)
* Stop Limits
* Trailing Stops
* Exchanging one security to another in a single transaction
* Maintaining drift tolerance bands
* Canceling multiple trade orders at once
* Modifying trade orders
* Equity block trades (for average price across accounts)
* Option block trades (for average price across accounts)
 
 
18. If you had an improved trading platform, how much impact do you think it would have on your business in the following ways?
No impact Some impact Moderate impact Significant impact Don't know
* Increased AUM
* Increased number of clients I can service
* Increased number of advisory accounts I can manage
* Reduced number of resources needed to run my business
* Ability to explore innovative trading strategies or models
* Increased personal time
 
 
 
19. Is there anything else you would like to tell us about how you are currently trading or rebalancing today?
   
 
 
 
New Enhanced Advisory Trading Platform Expectations
 
 
20. On a scale of 1 to 10, what are your expectations for the overall experience of the new enhanced advisory trading platform?
Very LowVery High
1 2 3 4 5 6 7 8 9 10
*  
 
 
21. What is your level of confidence that the new enhanced advisory trading platform will allow you to complete the following scenarios without issues?
Not at all confident Somewhat confident Confident Very confident Extremely confident Don’t Know / No Expectations
* Trade a single security for a single account
* Trade/rebalance 5 securities for a single account
* Trade/rebalance a single security for 50 accounts
* Trade/rebalance up to five different securities for 50 accounts
* Conduct a mutual fund exchange
 
 
22. What are your expectations for the training and support that will be provided for the new enhanced advisory trading platform?
Poor Fair Good Very Good Excellent Don’t Know / No Expectations
* Quality/amount of training sessions/webinars offered
* Quality/amount of training materials provided (quick reference guides, etc.)
* Quality of support (email/phone communications)
* Accessibility of support available (email/phone communications)
 
 
 
23. Is there anything else you would like to tell us about your expectations for the new enhanced advisory trading platform?