You cannot compare a fund with advisor compensation with an ETF that has no service at all.
Fidelity True North Fund, for example, has a Management fee of 2% (which includes trailer fees to the financial planner/advisor for his services). The same fund without advisor compensation, called the Series F, has a management fee of 0.85%. This is the MER you should be comparing if your a DIY investor.
Still a tad higher than some ETFs, but guess what, active management costs money. I'm pretty sure I proved the points I wanted to make, your arguments aren't too solid, IMO.
A lot of the big named managed mutual funds have outperformed ETFs over 5-10 years, even after Advisor fees.
I rest my case.