Boston-based research firm Cerulli Associates is putting its money on a major trend which will see passive exposure in advisor-managed holdings jump to approximately 37 percent by the year 2020.

That’s a quantum leap from the current level of involvement, a tribute to a market that Cerulli notes is still full of shell-shocked investors who are seeking better solutions in lower-risk venues. The data comes from the fourth-quarter issue of ”The Cerulli Edge, Advisor Edition.”

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