News | 12.07.20
Model Portfolios Surging as Advisors Seek Quick Ways to Invest Client Money
Assets in model portfolios hit a record high this fall, reflecting growing interest in preset investment options developed by Wall Street firms. Data provider Broadridge Financial Solutions estimates that model portfolios held $4.1 trillion of assets in September, up from $3.5 trillion at the end of 2019. The portfolios are the latest example of the growing influence of bundled financial products on modern markets. During the pandemic, advisors have used them to create portfolios to allow them to deal with more-pressing issues for clients.
Read the full article on Wall Street Journal.