breaking

Wealth Manager Launches Concentrated Portfolio Strategy as Active Management Gains Ground

Ritholtz Wealth Management has introduced Porterhouse, a separately managed account designed to capture what the firm identifies as the market's strongest performers. The strategy employs a rules-based momentum approach developed in partnership with Franklin Templeton, targeting companies demonstrating robust earnings growth and sustained share-price appreciation. The offering reflects growing investor appetite for selective portfolio construction beyond broad market exposure. Index funds dominate adviser recommendations at three basis points, yet some clients seek more targeted strategies that adjust as market leadership shifts. Porterhouse currently holds 58 positions and notably excludes all Magnificent Seven constituents. The strategy counters the long-standing index fund model by emphasizing dynamic stock selection rather than static market-cap weighting, positioning itself for investors unconvinced that today's largest companies will maintain dominance.