01.18.22
Wall Street’s "Model Portfolio" Boom Gets Slammed in New Paper
by: Justina Lee
Model portfolios are ridden with conflicts of interest, according to a new academic study. These allocation blueprints, usually created by asset managers and deployed by financial advisors, have exploded in popularity in recent years. Yet the firms designing them tend to favor their own exchange-traded funds, the researchers wrote. And advisors are steering client money to them with seemingly little regard to what that means for performance.
Read the full article on Bloomberg