In Tuesday's Wall Street Journal Fund Track column
, Daisy Maxey notes that the advisors' move to a fee-based model will help increase ETF sales.
, a principal in Vanguard Group's financial services unit [see profile
], says the
recordkeeping requirements under the SEC's proposed 12b-1 reforms could be a factor in accelerating the move to a fee-based advisory model.
"They make it even less appealing for a firm and its advisers to have to work using investments in a non-fee-based approach," Papariello tells the pub. "I think as the fee-based segment of the industry is growing, so should grow ETFs."
Others quoted in the article are Sue Thompson
, who runs the RIA group at BlackRock's iShares [see profile
]; Tom Lydon
, president of Global Trends Investments and founder of ETFTrends.com and Standard & Poor's equity research analyst Ken Leon
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