Funds, ETFs Have New Roommate in Fido Models: SMAs

Incorporating SMAs into models in many ways reflects how advisors already prefer to allocate portfolio assets across “best-of-breed” managers and different product wrappers, said Jeff Strange, relationship manager at FUSE Research Network. “This is a good marriage of using the model structure to gain scale and giving them that separate account, which is tax-managed, and then layer the ongoing tax management of the portfolio,” he said.

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Article published on April 8, 2022