83 percent of advisors surveyed say that modelportfolios are essential in giving them the time to devote tothings that clients want, such as planning. (Photo:Shutterstock)
In the quest to keep up with the complexities of business thesedays, financial advisors are increasingly turning to modelportfolios, and more assets are expected to flow to models over thenext two years.
That's according to new data from Broadridge FinancialSolutions, Inc. Advisors' drive to stayabreast of competition, coupledwith new developments in technology that providegreater assistance in designing and managing models, leads many tomodel portfolios. Currently, 85 percent use model portfolios; 70percent combine models with custom portfolio design.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
