Your Advisor's Balancing Act-With Your Portfolio

As more and more investors are turning to financial advisors, those advisors are increasingly turning to pre-made portfolios of exchange-traded funds to meet their clients' goals. But these new products aren't cheap, customized, or even as safe as you might think. The hottest trend in asset management is something called managed portfolios. There's now more than $100 billion in these pre-made portfolios of ETFs, after a jump of 40% last year, according to Morningstar. Managed portfolios are similar to asset-allocation mutual funds built with low-cost, passive ETFs. This active management comes with an active price tag, with management fees reaching as high as 1.25%.