In Tuesday's Wall Street Journal Fund Track column, Daisy Maxey notes that the advisors' move to a fee-based model will help increase ETF sales.

Martha Papariello, a principal in Vanguard Group's financial services unit [see profile], says the recordkeeping requirements under the SEC's proposed 12b-1 reforms could be a factor in accelerating the move to a fee-based advisory model.

"They make it even less appealing for a firm and its advisers to have to work using investments in a non-fee-based approach," Papariello tells the pub. "I think as the fee-based segment of the industry is growing, so should grow ETFs."

Others quoted in the article are Sue Thompson, who runs the RIA group at BlackRock's iShares [see profile]; Tom Lydon, president of Global Trends Investments and founder of ETFTrends.com and Standard & Poor's equity research analyst Ken Leon. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE