Wheaton, Ill.–based asset management firm First Trust Capital Partners announced plans Wednesday to acquire Veriti Management, a direct indexing asset technology company, the latest asset manager to buy their way into the direct indexing space. “First Trust has an amazing distribution machine in place,” says Neil Bathon, founder and partner at FUSE Research Network. “This is a really cool sign as to the future of direct indexing if some massive retail powerhouse distribution like First Trust is going to bring it to market.”
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Article published on July 6, 2022