The report, “How Financial Advisors Use ETFs,” examines the following questions:
- What are national broker/dealer-affiliated advisers doing and what does it mean?
- How quickly are ETFs penetrating national broker/dealer (NBD) wraps?
- Are financial advisers selling active mutual funds in order to switch those assets into ETFs?
- Among NBD advisers, which kinds of mutual funds have tended to attract heavy ETF users?
The study provides analysis of ETFs’ use in NBD wraps, and especially in “Rep-as-PM” (portfolio manager) programs, the fastest-growing and most ETF-centric types of wraps.
The report used a study of 1,746 financial advisers in these programs managing a combined $12B in ETF assets – using their actual assets, flows and sales data.The report can be purchased here.