FYI: A recent study by the Financial Planning Association found that 80% of financial advisers use or recommend ETFs for their clients’ portfolios. That’s up from 40% in 2006. Advisers say they like ETFs for their low cost, tax efficiency and transparency. But advisers should be mindful that the products also are growing in complexity and cost, notes Indiana-based adviser Valerie Chaille. “From smart-beta ETFs to leveraged and derivative-based products, there are many newer ETFs on the market today that are actively managed like mutual funds,” she writes on Wealth Adviser at WSJ.com. “Advisers need to be more aware of the features of the products they’re using with their clients and not base their decision to go with an ETF on name alone.”
Regards,
Ted
http://blogs.wsj.com/moneybeat/2015/06/23/wealth-adviser-advisers-need-to-stay-abreast-of-etfs-growing-complexity/tab/print/
