Federated Hermes survey: Top business concern for advisors is making better use of AI/technology to reach more clients
Federated Hermes published its sixth annual RIA and Independent Advisor Survey of 300 U.S. advisors, finding that nearly half cite better use of technology/AI to reach clients as their top business concern. The survey shows ETFs overtaking mutual funds in client portfolios for the first time (29% vs. 26% of assets), with 64% of advisors planning to increase ETF allocations over the next year.
Key figures
- Aum total
- $911.6 billion
- Etf assets
- $3 billion
- Survey respondents
- 300
- Etf portfolio share
- 29%
- Mutual fund portfolio share
- 26%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.