Envestnet Launches First Model-Traded Direct Indexing Solution in Canadian Wealth Management
Envestnet, a leader in wealth management technology, has introduced a groundbreaking Direct Indexing (DI) solution to the Canadian market. This innovative offering, the first of its kind in Canada, allows advisors to seamlessly integrate model-traded direct indexing strategies into Unified Managed Accounts (UMAs), revolutionizing personalized portfolio management in the country.
Direct Indexing has emerged as a vital tool in modern wealth management, enabling investors to customize portfolios, optimize tax efficiency, and tailor exposure to meet their financial objectives. According to research by Cerulli Associates, direct indexing is the fastest-growing segment in managed accounts, with assets projected to grow significantly in the coming years. By 2026, Direct Indexing assets are expected to reach $800 billion, driven by increasing demand for personalization and tax efficiency.
Envestnet’s DI solution, offered through its QRG Capital Management, Inc. asset management unit, leverages innovative strategies to deliver enhanced portfolio customization within a UMA framework. This development underscores Envestnet’s commitment to providing cutting-edge solutions tailored to the evolving needs of Canadian advisors and their clients.
Brandon Thomas, Co-Chief Investment Officer at Envestnet, emphasized the significance of this launch, stating, “We are thrilled to set the standard by developing and managing these strategies specifically for Canadian advisors and their clients.” This initiative reflects Envestnet’s broader mission to enhance platform capabilities and elevate the advisor and client experience in Canada.
Michael Featherman, Head of Investment Consulting & Distribution at Envestnet, highlighted the transformative potential of integrating Direct Indexing into UMAs, noting that this innovation will redefine how Canadian investors access personalized wealth management solutions. By offering greater control, efficiency, and flexibility, Envestnet aims to empower advisors to deliver tailored solutions at scale.
Envestnet’s track record of driving business growth and productivity for financial advisors spans over 25 years, with a comprehensive suite of technology and services trusted by a significant portion of the industry. As the company continues to shape the future of financial advice, advisors can expect ongoing support, insights, and solutions to meet the evolving demands of their clients.
To learn more about Envestnet and stay updated on industry trends, visit www.envestnet.com and connect with the company on LinkedIn (@Envestnet_). As Envestnet continues to innovate and expand its offerings in Canada, advisors can look forward to a future of personalized, efficient wealth management solutions tailored to meet their clients’ unique needs.
In conclusion, Envestnet’s launch of the first model-traded Direct Indexing solution in Canadian wealth management marks a significant milestone in the industry. By offering advisors the tools to deliver personalized, tax-efficient portfolio management at scale, Envestnet is poised to redefine the wealth management landscape in Canada and empower advisors to drive better outcomes for their clients. Stay connected with Envestnet to stay informed on the latest developments and insights in the industry.
