Charles River Development

This slow but steady growth became an avalanche in 2020 as a number of high profile acquisitions, fintech startups, and major wealth direct indexing platform launches were announced, increasing adoption by financial advisors and bolstering interest across the industry. Whereas an index mutual fund typically delivers single-digit tracking error to its benchmark, a direct index portfolio can exceed 3% tracking error, depending on implementation considerations. The explosive growth and adoption of direct indexing is driven by a number of industry developments that have eliminated barriers to adoption, reduced cost, and created the necessary environment for financial advisors and wealth management providers to launch these portfolios. Numerous fintech/wealthtech providers have developed new technologies to automate the data collection and financial advice components of direct indexing, along with the portfolio management and trading processes required to support efficient operations across large volumes of individually customized portfolios.

Traditionally, the event is held at the Seaport Conference Center in Boston where women – and some men – from different industries and from different locations gather in person, all with the same goal: to foster connections and support women in the workplace. Due to the pandemic, the conference was held in a virtual setting; and yet, the energy and passion participants brought to the event was still present – helped along by the excitement surrounding the keynote speaker, artist Alicia Keys! There have been times during my professional life when I felt hindered because I felt I had to choose my family over my work; however, throughout the course of the various breakout sessions and speakers at the Conference, I felt strongly supported and encouraged. While the event felt a bit different being online, the conference planners did a wonderful job planning and executing on the logistics of such a large event.

This process allows us to identify orders uniquely based on attributes of the underlying funds, the trader, the portfolio manager, market conditions, security specifics, projected execution costs, historical performance, and potentially hundreds of other data points. The Content is provided only for general informational, illustrative, and/or marketing purposes, or in connection with exploratory conversations; it does not take into account any client or prospects particular investment or other financial objectives or strategies, nor any client’s legal, regulatory, tax or accounting status, nor does it purport to be comprehensive or intended to replace the exercise of a client or prospects own careful independent review regarding any corresponding investment or other financial decision. The Content does not constitute investment research or legal, regulatory, investment, tax or accounting advice and is not an offer or solicitation to buy or sell securities or any other product, nor is it intended to constitute any binding contractual arrangement or commitment by State Street of any kind. The Content provided was prepared and obtained from sources believed to be reliable at the time of preparation, however it is provided “as-is” and State Street makes no guarantee, representation, or warranty of any kind including, without limitation, as to its accuracy, suitability, timeliness, merchantability, fitness for a particular purpose, non-infringement of third-party rights, or otherwise.