NAPA Net - Polling Places 040717

What's Your Experience with Advisor RFPs?

RFPs, or requests for proposal, have long been valued tools in advisor arsenals. However, over the past several years, RFPs have played a growing role in the hiring of advisors as well.

This week, we’d like to know about your experience(s).

Question Title

1. Have you seen an increase in the usage of advisor RFPs over the past 2 years?

Yes

Yes, but only among larger plans

Yes, but only among mid-sized plans

Yes, but only among smaller plans

Other (please specify)

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2. Have you been hired in response to a request for proposal (RFP)?

Yes

Not sure

Other (please specify)

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3. Have you refused to respond to an RFP?

Yes

Other (please specify)

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4. If yes, why?

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5. Have you developed an advisor RFP to use as a prospecting tool?

Yes

No, but I have "borrowed" one for that purpose.

Not yet

Something else to say?

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6. What do you think is a great, if not the best question to put on an advisor RFP?

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7. Any other comments on RFPs, advisor RFPs, getting hired based on an RFP, responding to RFPs, or refusing to do so?

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8. What is your role working with retirement plans?

Advisor

Provider

TPA

Plan sponsor

Recordkeeper

Other (please specify)

Question Title

9. What size plans do you PRIMARILY work with?

Under $10 million in assets

$10-$20 million

$20-$50 million

$50-100 million

$100 million - $250 million

$250 million - $500 million

Above $500 million

Other (please specify)

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10. Suggestions for future survey questions?

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11. All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...

Question Title

* 1. Have you seen an increase in the usage of advisor RFPs over the past 2 years?

Question Title

* 2. Have you been hired in response to a request for proposal (RFP)?

Question Title

* 3. Have you refused to respond to an RFP?

Question Title

* 4. If yes, why?

Question Title

* 5. Have you developed an advisor RFP to use as a prospecting tool?

Question Title

* 6. What do you think is a great, if not the best question to put on an advisor RFP?

Question Title

* 7. Any other comments on RFPs, advisor RFPs, getting hired based on an RFP, responding to RFPs, or refusing to do so?

Question Title

* 8. What is your role working with retirement plans?

Question Title

* 9. What size plans do you PRIMARILY work with?

Question Title

* 10. Suggestions for future survey questions?

Question Title

* 11. All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...

1. Have you seen an increase in the usage of advisor RFPs over the past 2 years?

2. Have you been hired in response to a request for proposal (RFP)?

3. Have you refused to respond to an RFP?

4. If yes, why?

5. Have you developed an advisor RFP to use as a prospecting tool?

6. What do you think is a great, if not the best question to put on an advisor RFP?

7. Any other comments on RFPs, advisor RFPs, getting hired based on an RFP, responding to RFPs, or refusing to do so?

8. What is your role working with retirement plans?

9. What size plans do you PRIMARILY work with?

10. Suggestions for future survey questions?

11. All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...