Along with the model additions, iSectors has added a module that allows advisers to create and manage, in a turnkey fashion, their own ETF allocation models, the company said in a news release. iSectors Asset Allocation Models are also available on the Envestnet platform for firms and advisers contracted with them.
iSectors said its assets under management within their ETF-based asset allocation models have grown to $100 million. “Advisers and investors are realizing the efficiency, liquidity, and cost benefits of ETFs,”said Vern Sumnicht, CEO of iSectors, in the release. The growth is in keeping with some analysts’ predictions that ETFs will continue to see growth this year (see “ETF Usage Expected to Increase in 2009“).