• Based on a recent FUSE/WealthManagement.com financial advisor survey, advisors highlighted the importance of customization for them as it relates to their clients’ financial needs.
• The slew of direct indexer acquisitions by Morningstar, Vanguard, JPM, BlackRock, Morgan Stanley, and PGIM, to name a few, which we’ve noted in previous posts, demonstrates asset managers’ desire to participate in this growth opportunity.
• The survey also identified “tax management” and “diversifying concentrated holdings” as the most important needs when it comes to client solutions.
• While it remains to be seen how far “customization” will go, asset managers with demonstrable skill and scale will be able to position themselves closely with their distribution partners in the race for both mindshare and marketshare.

Customizing Investment Solutions for Advisors

Source: WealthManagement.com, FUSE Research Network