Despite the increasing popularity of exchange-traded funds and wrap accounts, mutual fund supermarkets are poised to thrive through at least the next two decades, an industry consultant said.

The boon will be fueled in no small part by Baby Boomers who, having liquidated assets such as homes, small businesses and stock options as they enter their retirement years, will likely turn in droves to mutual funds to invest those assets, said Chip Roame, a financial industry consultant with Tiburon Strategic Advisors.

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