model portfolios

There is an incredible rush to bring model portfolio offerings to market from every corner of the advice ecosystem. From platform providers to licensees and advice groups, researchers and asset consultants, the list of service providers casting themselves as mini fund managers is growing exponentially. We’ve seen this kind of thing happen before.

SMAs provide most of the benefits of managed accounts, without the costs and additional investment in asset consultants, 3rd party MDA licensee arrangements, reams of paperwork, and compliance regimes, writes Seneca’s Luke Laretive.