Third-Party Channels See Booming Business in ETF Trades

Third-party distribution channel sales from broker-dealers, registered investment advisors and banks help drive exchange traded fund usage to all-time highs in 2016. In 2016, over $610 billion, or 85% of the $724 billion of net new asset flows through third-party channels, went into index funds or passive ETFs, according to Broadridge Financial Solutions. Independent broker-dealers,…Click to read more at