Financial advisers are increasingly outsourcing their investment management, according to The Wall Street Journal. Assets utilizing model portfolios rose to $7.9 trillion in April, compared to $6.4 trillion in 2024, with more than 80 percent of fee-based advisers in the United States using models for their clients. Offered by wealth-management firms, such as UBS, Morgan Stanley, BlackRock and Fidelity Investments, models are compensated through fees on the funds.
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