What percentage use ETFs in portfolio management today?
Our research indicates that 83 percent of registered investment advisors (RIAs) on the Schwab Platform actively use ETFs today, and an additional 3 percent don’t use them today but plan to in the future. Some observers would view Schwab’s move into the ETF business as belated. How do you respond to that? First, I’d like to clarify that our launch of Schwab ETFs is not our first move into the ETF business. For years, Schwab has been a leading platform for ETF investing; providing both retail investors and RIAs with broad access to ETFs as well as industry-leading ETF tools and research. In managing ETFs, we’re building off that strong foundation. Second, we believe it’s only the second or third inning in the development of the ETF industry. Retail investors and RIAs have only recently begun to adopt ETFs in a meaningful way, and we anticipate that this adoption rate will accelerate going forward. Our newly launched Schwab ETFs provide a compelling solution to investors’ ETF needs today,
