{"id":979,"date":"2022-10-05T00:00:00","date_gmt":"2022-10-05T00:00:00","guid":{"rendered":"https:\/\/www.rbcwealthmanagement.com\/en-us\/newsroom\/2022-10-05\/rbc-wealth-management-us-enables-customization-of-market-tracking-portfolios-with-direct-indexing\/"},"modified":"2023-10-03T12:35:53","modified_gmt":"2023-10-03T16:35:53","slug":"rbc-wealth-management-us-enables-customization-of-market-tracking-portfolios-with-direct-indexing","status":"publish","type":"rbcwm_newsroom","link":"https:\/\/www.rbcwealthmanagement.com\/en-us\/newsroom\/2022-10-05\/rbc-wealth-management-us-enables-customization-of-market-tracking-portfolios-with-direct-indexing","title":{"rendered":"RBC Wealth Management \u2013 U.S. enables customization of market tracking portfolios with direct indexing"},"content":{"rendered":"

MINNEAPOLIS (Oct. 6, 2022)<\/strong> \u2013 RBC Wealth Management \u2013 U.S. announced today that direct indexing solutions provided by Envestnet and Parametric are now available on RBC Wealth Management\u2019s separately managed accounts platforms. Solutions offered as separately managed accounts include Envestnet\u2019s Market Series Quantitative Portfolios and Custom Core by Parametric.<\/p>

Direct indexing seeks to provide similar performance as equity indexes while allowing for portfolio customization to suit investor preferences around tax management and responsible investing. The tax optimization and customization features of direct indexing offer advisors a way to differentiate their practices and can help improve client outcomes. <\/p>

\u201cAs every client has unique financial objectives and preferences, demand for lower-cost, flexible solutions such as direct indexing has grown considerably,\u201d said Kevin McDevitt, Director of Global Manager Research at RBC Wealth Management \u2013 U.S. \u201cEnvestnet and Parametric are among the leading players in the fast-growing direct indexing space and were selected as partners following an extensive review to identify compelling providers that could operate across our managed account platform.” <\/p>

With direct indexing, clients can harvest losses on individual positions while deferring gains as long as possible, offering tax management flexibility unavailable in more traditional ETF and mutual fund index-tracking portfolios. In addition to the opportunity to achieve tax alpha, direct indexing allows for hyper-personalization of client portfolios. Certain stocks, sectors, or industries can be excluded to reduce concentration risk, as well as to incorporate environmental, social, and governance (ESG) considerations into an investment portfolio. Advisors can also match a client\u2019s values with tax optimization to drive their charitable giving.<\/p>

\u201cWe are excited to launch direct indexing capabilities at RBC Wealth Management as part of a broad range of solutions designed to help clients align their values with their financial goals,\u201d McDevitt said.<\/p>

Direct indexing strategies generally include a subset of the total stocks available within an index; therefore, investors should understand that there will be deviations in returns relative to the index. Performance deviations from the index will likely increase as investors implement a great amount of customizations and preferences. <\/p>

About RBC Wealth Management \u2013 U.S.<\/h4>

In the United States, RBC Wealth Management operates as a registered investment adviser. RBC Wealth Management has $510 billion in total client assets with more than 2,100 financial advisors operating in 184 locations in 42 states. RBC Wealth Management, Envestnet, and Parametric are separate and unaffiliated firms. This release should not be construed as a recommendation or endorsement of any particular product, service, or firm. <\/p>

Media Contact<\/h4>

Hannah Pederson, RBC Wealth Management, 612-371-2365, hannah.pederson@rbc.com<\/a> <\/p>","protected":false},"excerpt":{"rendered":"

MINNEAPOLIS (Oct. 6, 2022) \u2013 RBC Wealth Management \u2013 U.S. announced today that direct indexing solutions provided by Envestnet and Parametric are now available on RBC Wealth Management\u2019s separately managed accounts platforms. Solutions offered as separately managed accounts include Envestnet\u2019s Market Series Quantitative Portfolios and Custom Core by Parametric. Direct indexing seeks to provide similar […]<\/p>\n","protected":false},"author":0,"featured_media":0,"template":"","meta":{"_acf_changed":false,"editor_notices":[],"rbc_url_alias":"","footnotes":""},"rbcwm_solution":[],"rbcwm_newsroom_category":[48],"class_list":["post-979","rbcwm_newsroom","type-rbcwm_newsroom","status-publish","hentry","rbcwm_newsroom_category-corporate-news"],"acf":[],"yoast_head":"\nRBC Wealth Management \u2013 U.S. enables customization of market tracking portfolios with direct indexing - RBC Wealth Management<\/title>\n<meta name=\"description\" content=\"MINNEAPOLIS (Oct. 6, 2022) \u2013 RBC Wealth Management \u2013 U.S. announced today that direct indexing solutions provided by Envestnet and Parametric are now\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbcwealthmanagement.com\/en-us\/newsroom\/2022-10-05\/rbc-wealth-management-us-enables-customization-of-market-tracking-portfolios-with-direct-indexing\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBC Wealth Management \u2013 U.S. enables customization of market tracking portfolios with direct indexing\" \/>\n<meta property=\"og:description\" content=\"MINNEAPOLIS (Oct. 6, 2022) \u2013 RBC Wealth Management \u2013 U.S. announced today that direct indexing solutions provided by Envestnet and Parametric are now\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-us\/newsroom\/2022-10-05\/rbc-wealth-management-us-enables-customization-of-market-tracking-portfolios-with-direct-indexing\" \/>\n<meta property=\"og:site_name\" content=\"RBC Wealth Management\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-03T16:35:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.rbcwealthmanagement.com\/en-us\/wp-content\/uploads\/sites\/7\/2023\/02\/share-logo-1200x630-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"RBC Wealth Management \u2013 U.S. enables customization of market tracking portfolios with direct indexing\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rbcwealthmanagement.com\/en-us\/newsroom\/2022-10-05\/rbc-wealth-management-us-enables-customization-of-market-tracking-portfolios-with-direct-indexing\/\",\"url\":\"https:\/\/www.rbcwealthmanagement.com\/en-us\/newsroom\/2022-10-05\/rbc-wealth-management-us-enables-customization-of-market-tracking-portfolios-with-direct-indexing\/\",\"name\":\"RBC Wealth Management \u2013 U.S. enables customization of market tracking portfolios with direct indexing - 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