How Loyal is Too Loyal? Relying on only a few managers may be a disservice to your clients
Are you confident you are choosing the best managers for your clients? The data may surprise you.
Fund Strategist Portfolios (FSPs) and Separately Managed Accounts (SMAs) are the two managed account categories from which advisors select asset managers for individual client portfolios. We have been asked to explore how many managers advisors use in their FSPs and SMAs and whether that number differs between power users and light users of the product.* We examined all assets on Envestnet’s platform segmented by product, excluding performance reporting.