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New Study Finds Financial Advisors Are Increasing Use of Options and Tend to Have Higher Assets Under Management

 

Chicago—May 12, 2011

The Options Industry Council (OIC) today released the results of the Financial Advisor Benchmark Study, conducted by Bellomy Research, which finds options usage among advisors is on the rise and advisors who use options tend to have more assets under management than non-users.

OIC launched its Financial Advisor education program in 2009 and determined it was time for this first-ever look at advisors’ options usage. Bellomy Research was commissioned and interviewed more than 600 advisors throughout the U.S. The study found that nearly half of financial advisors used options in the last year for their clients. Additionally, more than a third of financial advisors who use options increased their use of options over the past few years, and one in three say they intend to increase it going forward.

The study shows that advisors with larger books of business are significantly more likely to use options than those with smaller books. Nearly all of the largest advisors use options for at least some of their clients. The study also found that financial advisors are using options primarily for income generation and hedging in response to market conditions, and they are very often doing so at the request of their clients. OIC is encouraged by the findings from this study as they will be used to help shape future educational efforts.

To access the summary and full study findings, visit: http://optionseducation.org/documents/literature/files/fa-benchmark.pdf.

About OIC

OIC is an industry cooperative funded by BATS Options, Boston Options Exchange, Chicago Board Options Exchange, International Securities Exchange, NASDAQ OMX PHLX, NASDAQ Options Market, NYSE Amex Options, NYSE Arca Options and OCC. OIC was formed in 1992 to educate investors and their financial advisors about the benefits and risks of exchange-traded equity options. OIC's resources include: The Options Industry Services Help Desk at 1-888-OPTIONS, educational websites at www.OptionsEducation.org, www.OptionsEducation.org/advisor and www.OptionsEducation.org/institutional, live seminars throughout the continental United States and Canada, instructional DVDs and educational literature.

Press Contacts

Jim Binder
312-322-9853
jbinder@theocc.com
Angela Kotso
312-322-6267
akotso@theocc.com
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