As it sachets toward holistic wealth management and “goal based” planning, the industry recognizes the importance of acquiescing asset management to third party strategists has mounted, according to wealthmanagement.com. While within the largest firms, already advisors can access model portfolios, now, their counterparts have more options. And, hey, model portfolios tout more than a few advantages. “Model portfolios can be used as a complete solution for investors that prefer a hands-off approach to achieving their investing objectives,” said McFadden. No need, noted Mark Kennedy, president of Kennedy Wealth Management in Calabasas, Calf.

Source: Forbes April 23, 2023 10:23 UTC