Wells Fargo expanding bond fund and ETF use in SMAs
Firm's managed accounts can make greater use of products like bond mutual funds and ETFs over individual bonds in model portfolios.
Wells Fargo Advisors has for the first time expanded the menu its home office uses to create some portfolios to include bond funds and ETFs.
Fixed-income separately managed accounts in the Compass Advisory Program previously only invested in individual securities, including bonds. But now managers h
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