07.10.23

BlackRock Sees Model-Portfolio Investing Growing to $10 Trillion by 2028

by: Katherine Greifeld

BlackRock expects the model-portfolio realm of money management to grow to a $10 trillion business over the next five years. The strategy, by which asset managers and investment platforms compile ready-made packages that are then sold to financial advisors, is set to grow from around $4.2 trillion currently, according to Salim Ramji, global head of iShares and index investments at the asset manager. “It’s going to be massive,” he said during a recent interview. “It’s the way in which more and more fiduciary advisors are doing business, and, as a result, that’s the way in which we’re doing business with them.”

Read the full article on Bloomberg