Financial advisers lead trend toward investing in ETFs

08/24/2011 | InvestmentNews (free registration)

Independent financial advisers are moving their clients into exchange-traded funds much more quickly than other sources of investment guidance, according to research from Cerulli Associates and the Investment Company Institute. ETFs account for 16% of the assets overseen by financial advisers, while the allocation is about 3% among insurance and bank representatives who give investment advice, researchers found.

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