RIAs More Hesitant on Direct Indexing Than Wirehouse Peers
Registered investment advisors are more hesitant to use direct indexing than their wirehouse peers for reasons including the challenge of incorporating it into their systems, according to FTSE Russell’s second annual direct indexing survey.
In a survey of over 400 financial advisors released Monday, the index and benchmarking firm found that 63% of wirehouse advisors are confident about using direct indexing with upper-high-net-worth clients compared to 45% of RIAs.
The channel difference among advisors was even more stark when asked if they think direct indexing is “becoming an essential offering to remain competitive in wealth management.” In total, 52% said yes. However, 69% of wirehouse advisors agreed with the sentiment…
