11.28.23

Wall Street’s $300 Billion Middleman Rides Model-Portfolio Boom

by: Emily Graffeo; Vildana Hajric

By providing a platform that offers around 2,000 customized products from some 150 asset managers, Envestnet is tapping into rising demand from retirement accounts and the like for bespoke portfolios. Envestnet now serves some 100,000 advisors and has overseen a total $300 billion in model-portfolio trades.

Read the full article on Bloomberg