'Platforms have been a barrier to advisers using ETFs'

'Many still don't offer them'

Tom Ellis
clock • 2 min read

Platforms and regulatory change have proved major impediments to advisers making greater use of exchange-traded funds (ETFs), according to a panel of platform and ETF experts.

Speaking this morning (27 February) at a roundtable led by platform technology provider Winterflood Business Services, Novia CEO Bill Vasilieff said advisers were "still quite nervous" about ETFs and "don't really understand them", noting 5% to 6% of Novia's business now comes through ETFs. "The vast majority of that is through discretionary fund managers [DFMs], who use them quite widely," he explained. "One of the reasons why they use them is because you can get ETFs a lot cheaper with much more choice than you can mutual funds.  "The other reason is there is increasingly a blurring...

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