Market turmoil has spurred investorsÂ’ appetite for advice, and nowhere can this be seen more clearly than in mutual funds sold through brokerages or financial planners, according to Strategic Insight.

Sales of long-term mutual funds through brokers and financial advisers sharply moved away from commission-based services to a fee-for-advice wrap model, particularly in the tumultuous fourth quarter. For all of 2008, 27% of all sales through intermediaries were in fund wrap or fee-based advisory programs, up from 24% in 2007. And in the fourth quarter, that surged to 30%.

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