(Nasdaq) - Model portfolios have been a surprisingly quick growing tool for the financial industry in the last year, and Morgan Stanley’s Wealth Management is capitalizing by adding a series of new model portfolios.
These strategies will have hefty minimums of $750k to $1.5 million and are targeting tax and direct indexing strategies from the recently acquired Parametric. This was a key reason Morgan Stanley acquired Parametric last year to rapidly develop and deploy direct indexing strategies.
Overall the portfolios have acquired $150 million in assets since their inception in January.
Contributor - dkorth
March 18, 2022
