RIAs Increase Their Use of ETFs
August 21st at 12:30pm by Tom Lydon
Good news: The use of exchange traded funds (ETFs) as the primary investment vehicles for registered investment advisers (RIAs) is becoming increasingly popular. Better news: The fastest growing adviser segment are those advisers with a broker/dealer affiliation and their own RIA for providing fee-based advice, according to research by Cerulli Associates. The trend toward independent advice continues to grow exponentially, and more independent investment advisers like us are catching on to the ETF advantage.
According to "Intermediary Markets 2007," the independent advisory channel has grown from approximately $950 billion in 2005 to more than $4 trillion at the end of 2006, reports Melanie Waddell for Investment Advisor.
