BlackRock Sees Model Portfolios Growing to $10 Trillion by 2028

BlackRock Inc. expects the model-portfolio realm of money management to grow to a $10-trillion business over the next five years.

The strategy, by which asset managers and investment platforms compile ready-made packages that are then sold to financial advisers, is set to grow from around $4.2 trillion currently, according to Salim Ramji, global head of iShares and index investments at the asset manager.

“It’s going to be massive,” he said on Bloomberg Television’s ETF IQ on Monday. “It’s the way in which more and more fiduciary advisers are doing business, and, as a result, that’s the way in ...