NU Online News Service, April 23, 2003, 4:33 p.m. EDT – Many financial advisors are interested in products such as separately managed accounts and exchange-traded funds, but most still rely heavily on mutual funds, according to results of a survey by Financial Research Corp., Boston.

Ninety-two percent of the 653 planners who completed the FRC survey use mutual funds, and those advisors put an average of 46% of client assets in funds. Advisors continue to put substantially more in mutual funds than they put in other types of investments, says D. Christopher Brown, a consultant who wrote the FRC survey report.

Brown says some planners are investing 40% to 60% of a client’s portfolio in mutual funds and exchange-traded funds, then investing the rest of the assets in separately managed accounts and specialty mutual funds.