From Wall Street Journal:

Investors are being drawn to personalized portfolios for their tax benefits and potential for high returns. However, experts warn that these portfolios also come with significant costs that can eat into profits. It’s important for investors to carefully weigh the benefits and drawbacks before deciding if a personalized portfolio is the right choice for them.



Read more: Brokerage Firms Are Pitching Separately Managed Accounts. Here’s What to Know.