After decades of only being available to ultrahigh net worth investors via boutique asset management firms, direct indexing has exploded among large wealth management firms since 2020.
Assets in direct indexing are expected to grow more than 12% over the next five years, outpacing traditional products like ETFs and mutual funds, and cross the $1 trillion threshold by 2025. While some, like Fidelity,
Here are the moves that brought the formerly obscure strategy into the mainstream.
Edward Turley, a once high-flying advisor booted from the industry in 2022, is at the center of a dozen client settlements costing JPMorgan upward of $63 million.
High-yield cash opportunities, alternative investments, ETFs and short term bonds received renewed interest.
The No. 1 state effectively charges 1.88% on the value of a residence, according to a realty firm's analysis of a frequent and growing concern among clients.
From classic standbys of business and finance to motivational self-help to modern fiction and more, check out 15 books that helped financial advisors in their practices this year.
Richard "Dick" Parsons, the former Citigroup chairman who died Thursday, is credited with helping the New York megabank survive the financial crisis. Earlier in his career, he led Dime Savings Bank out of the savings-and-loan crisis.
Experts say the playing field has fundamentally changed as fractional ownership and other paths to access make alternative investments increasingly available.
