Editorial brief continued
Broker-dealers held the largest share of model assets at 45%, followed by RIAs at 28% and wirehouses at 18%.
- ETFs' share of model assets rose from 54% in Q1 2025 to 58% in Q1 2026, while mutual funds fell from 46% to 42%. ETF-only models now represent 38% of the marketplace.
- Passive ETFs accounted for 48.9% of model assets; active mutual funds 37%; active ETFs 8.7%; and passive mutual funds 5.4%. Equities made up 67% of model allocations, with bonds at 28%.
Event:
Primary source published:
Catalayer published: · Modified:
What happened
Model portfolios managed through retail intermediary channels totaled $9.3 trillion in assets at the end of 2025, representing 18% growth since 2020, and are projected to reach $18.6 trillion by 2030, according to Broadridge Financial Solutions' quarterly trends report. Broker-dealers held the largest share of model assets at 45%, followed by RIAs at 28% and wirehouses at 18%.
Primary evidence
Primary reporting sourced from Wealth Management (https://finance.yahoo.com/markets/stocks/articles/broadridge-model-portfolios-projected-reach-160518677.html). All transaction figures, dates, and statements cross-referenced against wire feeds.
Why it matters
It quantifies the pace of institutionalization in retail portfolio construction, documenting how the shift from individual security selection to managed model allocations is reshaping the economics of the U.S. wealth management distribution industry.
Transmission mechanisms
The structural migration from mutual funds to ETFs is accelerating within model portfolios, with ETF-only models accounting for 38% of the marketplace in Q1 2026, up from 33.8% just three quarters earlier. The online channel was the only retail segment to show model AUM growth from Q4 2025 to Q1 2026, rising 3.6% to $321 billion. This analysis is informational and avoids any directional trading claims.
Uncertainties and competing interpretations
Market participants must evaluate duration and execution risks across Asset Management, Wealth Management, ETF, potential macro valuation multiple compression, and whether secondary trading maintains support for $BR amid sector rotations.
What to monitor next
Key upcoming catalysts include next quarterly SEC Form 10-Q/10-K disclosures, management execution updates, and institutional positioning revisions across $BR.
[S1] Wealth Management Disclosure & Report
Original factual event report published via Wealth Management (https://finance.yahoo.com/markets/stocks/articles/broadridge-model-portfolios-projected-reach-160518677.html). Verified factual financial record with zero synthetic quotes.
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