Smartleaf offers its clients access to third party investment models and strategies via our open-architecture Model Distribution Service (MDS). Smartleaf will work with the provider to onboard and update the models for use by our clients directly within the Smartleaf application. Smartleaf handles the billing based on the model providers fee structure, streamlining the process for both Smartleaf clients and the third-party model providers. More than a model hub, MDS is a true service. If a model provider is not currently on MDS, we’ll seek to add them. The model providers listed on our website have authorized us to do so, and there are additional models available to active Smartleaf clients. And fees for MDS are transparent. Smartleaf  passes through the model fees at cost plus a modest serving fee.