Model Portfolios Can Help Financial Advisors Enhance Their Businesses

Model Portfolios Can Help Financial Advisors Enhance Their Businesses
April 14, 2021
Financial advisors seeking to enhance their business practices can consider outsourcing components of asset management through model portfolios.
In the recent webcast,
Decision Made: Why to Outsource Your Asset Management, Gracie Hynes, Vice President, Goldman Sachs Asset Management, argued that financial advisors can more efficiently manage their time and business practices through third party model portfolio strategies. Advisors are already spending nearly 1,000 hours per year on asset management activities while juggling many other roles and responsibilities.
However, when investors were asked why they choose to work with an advisor, 3% indicated that investment performance was the main reason, which was much less important than factors like service, reputation, and relationships.

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