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Tuesday, September 15, 2009|
RIAs and Wirehouse Reps Express the Most Comfort With ETFs
Fundsters may not be surprised by a new report from Boston-based Financial Research Corporation, which finds that ETF product comfort levels are high among financial advisors. Advisors at wirehouses and RIAs were most satisfied with ETFs, with 82 percent and 76 percent, respectively, saying they were “very comfortable” or “somewhat comfortable” with ETF products.
On the other side of the spectrum, only 51 percent of advisors at insurance houses said they were comfortable with ETFs.
A majority of RIA advisors (57 percent) and wirehouse advisors (56 percent), said they “intend to make net additions in the next 12 months” in ETFs. Only 21 percent said the same in insurance companies.
The survey was conducted in May 2009. More information can be found at www.frcnet.com.
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