Direct Indexing:

“The risky and highly illiquid nature of alternatives is a roadblock to wider advisor adoption,” our CEO @Dougofritz said via Anthony Rifilato for FundFire fundfire.com/c/3729954/4810…

What #GMOs are trying to do is take away that particular risk through an optimization tool. It looks at investor-specific risk and tries to mitigate that risk. It’s personalizing the #portfolio for the client, says @THOShea. Read more: fundfire.com/c/3746844/4834… Anthony Rifilato FundFire

To use SMAs as a sleeve within a #modelportfolio, it’s a lot easier because you used to only be able to do that with an account that was at least half a million, a million dollars in size, Matt Apkarian, CFA said. Read more: fundfire.com/c/3753014/4843… FundFire Anthony Rifilato

Eleven industry firms are paying $1.8B to settle regulatory charges related to staff messaging on personal devices: ow.ly/N30c50KVYlY

Alternative managers [have been] going down market and buying shops that are closer to the retail clients, traditional managers have been buying alts capabilities, and in each case they have a lot to work through, said Daniil Shapiro 🇺🇦: fundfire.com/c/3786024/4897… FundFire Anthony Rifilato

Our latest survey explored whether firms are using or plan to use direct-indexing strategies around portfolio customization. Via Anthony Rifilato, FundFire fundfire.com/c/3805034/4918… #directindexing #wealthtech

The #FTX fallout continues, my latest for FundFire

6.2% of client assets are currently being allocated to #alternatives in the advisor-intermediated market, according to our research. #Advisors plan to increase that allocation to 7.1% by 2024. Read more: fundfire.com/c/3829514/4954… Anthony Rifilato FundFire

About 40% of managed account sponsors ranked #fixedincome as a top priority this year, with fixed income products consisting of 38% of overall manager-traded market share, according to our research. Read more: fundfire.com/c/3841424/4957… FundFire Anthony Rifilato

Increased education is expected to fuel adoption among #advisors, and the introduction of zero-commission trading and fractional shares could usher the strategy into the mainstream, said Tom O Shea, our director. Learn more: fundfire.com/c/3848784/4988… Anthony Rifilato FundFire

Fewer advisors recommended #ESG strategies, though client interest is on the rise, a recent report shows. ow.ly/7hW050MVAsi

Good times checking out Michael Imperioli's band #Zopa last week with my cugin Lucia Grillo, great show. #michaelimperioli #thesopranos #thewhitelotus

My latest for FundFire

SVB's parent company is looking for a buyer to snap up its private wealth unit, while Signature’s wealth management business could also be a potential target for acquirers. ow.ly/rTC150NhOCj

The collapse of the two banks has advisors at smaller institutions on edge. ow.ly/trCf50NiX3E

Last month, the bank acknowledged in its annual report that it 'may experience negative effects of a prolonged work-from-home arrangement'. Yet SVB was prepared to take on extra risks to promote a culture that prized 'empathy' for customers and staff on.ft.com/3ZTw8Ig

#SMAs currently make up nearly 3% of model portfolio assets, up from 1.3% in 2022, according to our research. By comparison, about 60% of #model portfolio assets are made up of ETFs and 40% of mutual funds. Read more: fundfire.com/c/4134374/5349… Matt Apkarian, CFA FundFire Anthony Rifilato

Thank you FundFire for sitting down with Shirl Penney, during the @ENVintel Summit. In this video, Shirl reveals why growing inorganically is the biggest opportunity for advisors, how to become M&A-ready, & why profitability is key to raising capital. bit.ly/47FoQfI...

Hear from Matt Apkarian, CFA on Friday, Oct. 27 at 1:30 p.m. E.T. for FundFire’s Exchange webcast. Sign up today to hear how custom #modelportfolios can create stickier relationships, how #assetmanagers are finding shelf space, and more: fundfire.com/c/4284614/5549… FundFire Anthony Rifilato