FYI: CNBC put out a story today with some data on advisor use of ETFs. Here’s the lede:
Fee-based financial advisors have been among the more enthusiastic users of low-cost exchange-traded funds for years, but their interest has dramatically increased since the financial crisis.
The latest survey of advisors conducted by the Financial Planning Association found that 88 percent of those surveyed now use ETFs, compared to 40 percent in 2006.
Regards,
Ted
http://thereformedbroker.com/2017/10/11/the-single-stock-mishegas/
