Fidelity Joins Pursuit of Investors’ Money Through Model Portfolios
By Michael Thrasher
Model portfolios might be time-saving, inexpensive ways for advisors to gain access to institutional investment management, but Adam Grealish, a senior quantitative researcher at Betterment, said they need to be leery.
“The reason these fund companies are offering them is as a distribution channel,” Grealish said. “That’s certainly the motivation to basically give out this additional intellectual property.”Read the Original Article
This article originally published July 12th, 2018 on WealthManagement.com