OneVest will construct your portfolio primarily using a combination of ETFs, mutual funds, and private pooled funds, according to our Investment Strategy.
The use of actively managed funds versus "passive" index funds is determined by the relative efficiency of the market in focus.
Generally speaking, the more efficient a market is, the more difficult it is to construct a portfolio of companies that can consistently outperform that market. Markets that are more efficient generally have more participants (aka investors), and information is more widely available, and therefore active investors have little informational advantage.
When investing in efficient markets (i.e. US large-cap stocks), OneVest will seek to use passive index funds where the selection criteria consist of liquidity, fees, as well as construction methodology of the underlying index.
In less efficient markets, OneVest will seek to use active management strategies where the selection criteria consist of the fund's investment strategy, process, structure, and personnel.