According to this article HERE (http://oxstones.com/vanguard-topping-fidelity-shows-shift-to-independent-advisers/), “The single biggest driver of ETF sales through financial intermediaries has been the huge shift to fee-based advice. The fee-only adviser has an incentive to keep overall costs low and that makes ETFs much more competitive..... Clients never liked paying commissions, which come across as hidden fees. In Singapore clients love paying commissions. The larger......