The financial industry keeps coming out with innovative tools, such as exchange traded funds, to help investors and financial advisors access the markets.

ETF Trends publisher Tom Lydon spoke with Ben Johnson, Director of Global ETF Research at Morningstar, at the 2017 Morningstar Investment Conference in Chicago April 26-28 to talk about what is new and exciting in the financial world.

“Advisors are looking at their jobs; they’re looking at the challenges that they are facing and that their clients are facing increasingly from a more and more holistic point of view, so less about picking stocks, picking managers, less about picking winning funds,” Johnson said. “More about portfolio construction, more about a more comprehensive holistic view of constructing solid financial plans and scanning the marketplace to understand what are the latest and greatest in terms of tools and developments that can help them to make their practices more efficient, to bring all this to bear, to drive good client outcomes.”

It is no longer security selection and individual market focuses. Financial advisors are now taking a step back to re-evaluate the way to handle their money managing businesses.

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