The new portfolios were built by SoFi’s Investment Committee with support from Blackrock’s research, model recommendations, and analytics.
We believe these changes will enhance the long-term risk-adjusted returns of the portfolio based on market research, historical backtesting, and detailed portfolio metrics. We have an obligation to act in your best interest and believe these changes do just that even when considering the taxable gains of adjusting the portfolio.
Since we believe the updated portfolios are in your best interest, we cannot continue to manage them if they are invested in the existing portfolios.