Provider directory and capabilities matrix

Table of Contents:

Categories of Direct Indexing Providers

  • Traditional Asset Managers
    Focus on portfolio customization and tax management, leveraging established investment strategies
  • Technology-Only Platforms
    Specialize in software solutions for advisors or investors to implement direct indexing strategies
  • Custodial Direct Indexing Platforms
    Offered by custodians; integrate seamlessly with other account management tools
  • Turnkey Asset Management Platforms (TAMPs)
    Provide direct indexing within a comprehensive suite of investment and advisor management tools

Provider Directory and Comparison

– Traditional Asset Managers

ProviderKey FeaturesBenefitsMinimum InvestmentFees
ParametricESG customization, tax-loss harvesting, factor-based portfoliosDeep expertise in tax management and personalization$250k~0.20% AUM
BlackRock Aladdin WealthTax-efficient index tracking, ESG customizationAccess to BlackRock’s investment tools and analytics$100kNot disclosed
DFAFactor-based customization, tax managementRobust academic approach to direct indexing$100k0.35% AUM

– Technology-Only Platforms

ProviderKey FeaturesBenefitsMinimum InvestmentFees
AlphathenaHighly customizable, integrates with advisor workflowsAdvanced tax optimization, household-level customizationNot disclosed0.10% – 0.20% AUM
EthicESG-focused customizationDeep ESG integration, user-friendly interface$250k~0.40% AUM
Just InvestCustom portfolios, tax-loss harvestingFlexible integration for RIAs$100k~0.25% AUM

– Custodial Platforms

ProviderKey FeaturesBenefitsMinimum InvestmentFees
Schwab Personalized IndexingTax-loss harvesting, ESG optionsSeamless integration with Schwab accounts$100k0.35% – 0.40% AUM
Fidelity FidFoliosLow minimums, automated direct indexingEasy entry-level solution for customization$100k0.40% AUM
Vanguard Personalized IndexingESG and factor-based customizationCombines Vanguard’s low-cost ethos with direct indexing$100k~0.40% AUM

– Turnkey Asset Management Platforms (TAMPs)

ProviderKey FeaturesBenefitsMinimum InvestmentFees
Orion Portfolio SolutionsModular platform, tax-efficient transitionsIntegrated tools for proposals, reporting, trading$100kNot disclosed
AssetMark (via Adhesion)Advisor support, tailored solutionsSimplified onboarding for advisors$250k~0.30% AUM
Envestnet Quantitative PortfoliosESG, tax-loss harvesting, scalabilityExtensive experience, broad customization$100k~0.20% – 0.35% AUM
SEI Managed AccountsDividend-focused, fixed income strategiesPersonalized tax-efficient strategies$100k~0.25% AUM

– Comparison of Features and Benefits

FeatureTraditional Asset ManagersTechnology PlatformsCustodial PlatformsTAMPs
Tax-Loss HarvestingAdvanced, experience-drivenAutomated and customizableIntegrated, limited to custodian’s accountsStrong integration, multi-account support
Customization OptionsFactor-based, ESG, dividendsHighly flexible, deep ESG focusModerate, tailored to custodian toolsBroad, includes household-level solutions
Ease of UseAdvisor-dependent setupIntuitive softwareSeamless if using custodian ecosystemHigh, with advisor support
ESG IntegrationModerate to HighHighModerate to HighHigh
Minimum Investment$100k – $250k+$100k – $250k+$5k – $100k+$100k – $250k+
Technology IntegrationLimitedStrongModerateAdvanced

Key Takeaways

  • Traditional Asset Managers: Excellent for HNW clients who value in-depth tax expertise and established investment capabilities.
  • Technology-Only Platforms: Provide cutting-edge flexibility and ESG features, ideal for RIAs seeking modern toolsets.
  • Custodial Platforms: Offer seamless account integration and lower barriers to entry, though customization can be limited.
  • TAMPs: Balance strong advisor support with broad customization, making them suitable for scaling practices.

Offer personalized experiences for every client at scale

Table of Contents:

Are you a
Registered Investment Advisor?

Schedule a meeting with our experts!

Or provide your information and one of our team members will reach out to you.

Schedule a meeting with our experts!

Or provide your information and one of our team members will reach out to you.

Please provide your information and one of our team members will reach out to you.