collage of technology and stock charts 83 percent of advisors surveyed say that model portfolios are essential in giving them the time to devote to things that clients want, such as planning. (Photo: Shutterstock)

In the quest to keep up with the complexities of business these days, financial advisors are increasingly turning to model portfolios, and more assets are expected to flow to models over the next two years.

That’s according to new data from Broadridge Financial Solutions, Inc.  Advisors’ drive to stay abreast of competition, coupled with new developments in technology that provide greater assistance in designing and managing models, leads many to model portfolios. Currently, 85 percent use model portfolios; 70 percent 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.

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