For nearly 20 years, private wealth advisor Henry E. Vail II has helped lead Sucre-Vail Wealth Advisors, an award-winning financial advisory firm in Houston that works primarily with physicians. Henry Vail II remains involved in his field as a member of the Financial Planning Association (FPA).
In a recent press release, the FPA announced that the 2015 Trends in Investing Survey found that the use of Exchange-Traded Funds (ETFs), an investment tool that advisors recommend and utilize, has continued to increase among advisors since 2006. The survey also showed that ETFs are now more popular than mutual funds and have become the preferred investment tool for advisors. In 2015, 81 percent of the surveyed advisors reported recommending or employing EFTs for their clients, which represents a more than 40 percent increase of ETF use since 2006.
Conducted by the FPA Research and Practice Institute and the Journal of Financial Planning, the 2015 Trends in Investing Survey secured 303 online responses from financial advisors with different backgrounds. More than half of the respondents also noted that they plan to increase their ETF use throughout the next year.