State Street Global Advisors, a prominent player in the asset management industry, has announced an ambitious plan to significantly expand its model-portfolio business.
![State Street Building. PHOTO: Boston Globe](https://krugmaninsights.com/wp-content/uploads/2024/02/state-street-1024x622.webp)
The firm aims to increase the assets under its model portfolios from the current $5 billion to over $25 billion within the next five to six years.
This growth strategy aligns with the rising demand for pre-packaged investment