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How Vanguard, BlackRock and State Street -- which manage RIA trillions of AUM for a pittance -- may artfully make the bill come due by beating active managers at their own game

The ETF giants' latest mutual fund-killing trick is free management of ETF portfolios -- perhaps the seeds of a massive freemium model

Wednesday, June 6, 2018 – 9:42 PM by James Picerno
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Robert Tull: It’s a free service today, but the operative word is today.

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Mentioned in this article:

State Street Wealth Manager Services
Asset Custodian
Top Executive: Marty Sullivan




Eli

Eli

June 7, 2018 — 6:19 PM
Also continues to fuel the demise of traditional TAMPs and any person/outfit that thinks they will be able to charge an additional bps fee program to package together an expensive wrap of 6-9 mutual funds or layer together package priced SMAs with funds & ETFs inside of UMA programs. The playing field for how portfolio management is priced, consumed, and distributed is shifting in a dramatic fashion. There will be players that go extinct unless they can adapt to compete.

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