Fidelity to open direct indexing to the masses

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Fidelity to open direct indexing to the masses

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In October Seth Bernstein, chief executive of AllianceBernstein, called direct indexing a “real opportunity” that will continue to grow.

Managed FidFolios aimed to “open the door to the next generation of customers who don’t have either the asset level or the inclination to work with an adviser yet”, Ram Subramaniam, Fidelity’s head of wealth management and digital advice, told Barron’s.

During the next five years, direct indexing will expand at a faster pace than mutual funds and ETFs, according to an August report from Cerulli Associates.

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Article Details

Author / Journalist: Brian Ponte

Category: MarketsFinanceInvesting

Topics: Mutual Fidelity Financial Investors Fidfolios Funds Asset Direct Indexing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-05, 04:00:26

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 6 minutes read

Article Length: 990 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 30420

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