Accessing Losses via Direct Indexing April 14, 2021 8:00am by Barry Ritholtz
In 2019, Ritholtz Wealth Management was one of five beta testers of O’Shaughnessy Asset Management new direct indexing software, Canvas. As Chair of RWM’s Investment Committee, I wanted to share my experiences – about direct indexing generally, Canvas specifically, and what future opportunities this form of asset management might have for both investors and wealth managers.
This is the part one of three; part two will focus on diversification, part three on ESG.
This is the week in April when everyone is scrambling to finish their taxes. That pandemic postponed deadline is a good opportunity to discuss a related aspect of your annual filing:
Fund News Advisors Can Use: Just Invest, QMA Bring Custom ESG, Tax Management to RIAs In this week s funds news, PGIM and SEI get into the direct indexing game and The Convexity Maven joins Simplify Asset Management.
QMA, the quantitative equity managers in PGIM, the asset management busines of Prudential, has partnered with direct indexing tech company Just Invest to launch PGIM Quant Select, a separately managed account service that allows registered investment advisors to build customized portfolios around traditional factor strategies, environmental, social and governance (ESG) factors and tax management.
The new offering combines QMA’s active equity management with Just Invest’s online platform; advisors can offer the accounts to clients with a $50,000 minimum.
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Brown, at left, and Ritholtz speak and write about investing almost as much as they actually engage in it. Ritholtz warns about predictions: ”If we’re not making forecasts, we’re not marrying forecasts.” Photograph by Vincent Tullo Text size
Barry Ritholtz, 59, and Josh Brown, 43, are ubiquitous in the landscape of financial blogs: Ritholtz for The Big Picture, which he started writing in 1998 on GeoCities, and Brown for The Reformed Broker. Both also steer Ritholtz Wealth Management, which has nearly $2 billion in assets under management, using mostly low-cost index funds and exchange-traded funds.
Barron’s caught up with the two accomplished, entertaining raconteurs to talk about what they’re doing with their money, what others are doing with their money, and the charms of direct indexing. An edited version of the conversation follows.