Sorry, but if you want to cut your fees by 50 bps, go ahead. Will you be better off than by dealing with a client-centred advisor like Slava? I highly doubt it.[/QUOTE]
So if you had a client that came to you and wanted to buy an ETF would you/could you sell it to them? Far too many advisors today promote just funds even if a client may want and be better served with an ETF. Remember it is what is best for the client not the advisor. You say 50 basis points difference in MER's between the two but we both know that you are about 2% off on that estimate. A client centered advisor will give you acces to both ETF's and funds and won't just promote one company such as many of the captive agents out there today. The industry is litered with conflicts of interest and the best advisors today are fee based and full service offering clients the best of both worlds which is in many cases ETF's, Funds, and individual securities etc. Who cares if advisors don't make as much money off of ETF's....they still shouldn't ignore them....Everything in its right place.
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