Executive Summary

This report provides detailed information from U.S.-based equity investors including helpful benchmark data such as:

  • Total spend for execution and research/advisory services
  • Key determinants of equity commission allocation
  • High-touch vs. electronic trading
  • Number of brokers used


This report provides detailed information on equity products according to U.S.-based equity investors. Research is based on in-person and telephone interviews with 254 U.S. equity investors in the 2020 Study. The data in this report is based upon aggregated results from individuals participating in the study.