Compared to their peers who represent mutual fund or variable annuity (VA) products, ETF wholesalers receive significantly lower ratings from advisors for two critical satisfaction measures: effectively demonstrating an understanding of an advisor's business, and recommending products that are well suited to an individual's practice.
While investment performance remains paramount, advisors are also placing greater importance on understanding, and recognizing, asset managers' unique investment processes or expertise in specific asset classes.
Despite declining fund use among advisors, traditional mutual fund managers, particularly large fund complexes, are positioned to play a leading role in the next phase of the ETF revolution, the rollout of active ETFs.
Signaling imminent change in the defined contribution (DC) investment marketplace, just over half (51%) of plan sponsors say they will modify their investment line-up over the next 12 months, which is up considerably from the 44% of sponsors that anticipated changes one year ago.
Apple and Samsung will only grow stronger in the near term, as more than 80 and 60 percent of their customers, respectively, say they will stay with them, according to a survey by Market Strategies International.
Consumers also believe that energy companies are more credible than in recent years on environmental issues, according to results of the latest Market Strategies International E2 (Energy + Environment) Study.
Investors under the age of 30 – born in 1982 or later – now comprise nearly 10% of all affluent investors in the United States. However, a new study shows that Gen Y lacks even a basic awareness of many of the leading mutual fund companies and the products they offer.
Three out of four investors (71%) with retirement money in a former employer retirement plan (ESRP) have kept those assets where they are for five or more years, a trend that increases with age according to a new report from Cogent Research.
With advisors using an average of seven providers to meet the retirement income needs of clients, firms that can articulate a clear understanding of retirement income issues, help advisors manage and invest for income, and demonstrate their retirement income leadership position are most likely to stand out and be considered for future investment.