The ENA uses a round feeder for its multi-level conical grinder (with 5 settings) that avoids this (admittedly minor) issue.

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Still, Mr. McGreal expects the decline will "level off" because the COO position continues to be a crucial feeder for the corner office.

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Some providers offer a single, one-size-fits-all or model portfolio, while others offer some customization at the asset allocation level, implemented through a series of proprietary funds-of-funds or feeder funds.

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