Could Fidelity be the next major financial services company to offer direct indexing for advisors? It seems likely. This September the asset management/brokerage behemoth began offering fractional share trading to advisors. While such trading has numerous advantages, an important subtext to the announcement is that direct indexing is a probable next step.
“Direct indexing is certainly an area of focus for us,” Matthew Goulet, Fidelity Investments’ senior vice president of Portfolio Solutions, which custodies some $4 trillion...
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October 19, 2021 at 02:28AM
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Fidelity May Launch Direct Indexing. Here’s Why We See It Coming - Barron's
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