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Event Registration - Direct Indexing - Existential Threat to ETF's & Mutual Funds or Just Another Niche Technology Platform?

Tuesday, June 08, 2021
12:00 PM - 1:30 PM Eastern Daylight Time
Direct Indexing - Existential Threat to ETF's & Mutual Funds or Just Another Niche Technology Platform?

Direct indexing is a more tax-efficient way to invest in an index or strategy than ETF’s or mutual funds. By giving investors direct ownership of the individual underlying securities, it enables systematic tax-loss harvesting which can measurably improve returns, especially in volatile periods.

It may become a truly disruptive threat to pooled funds, however, because it gives investors and advisors a cost-effective way to finely customize portfolios beyond a simple index. Think stock-specific ESG screenings or factor tilts implemented down to the individual security level—a true personalized index portfolio.

Major DI company acquisitions by Black Rock, Morgan Stanley, and JP Morgan in recent months suggest Direct Indexing may going mainstream as an advisor solution and the threat becoming more real.

Join us for a panel discussion of Direct Indexing and its potential impact on the financial services industry, featuring insight from McKinsey Consulting, O’Shaughnessy Asset Management, and Parametric Portfolio Associates.  

Speaker Bios

Adele Taylor is a partner in the San Francisco office of McKinsey & Company.
Adele helps North American financial-sector companies, including asset managers, wealth managers, recordkeepers, and retail banks, identify and execute strategies that lead to rapid performance improvement. Her expertise is advising executives on emerging trends affecting their wealth and retirement businesses. For several years Adele has led McKinsey’s flagship annual survey of the wealth-management sector, which takes its pulse, aggregates insights, and identifies trends based on some 60 percent of firms in the North American market. She earned a BA from Yale University and an MBA from Columbia Business School.
Patrick O’Shaughnessy, CFA is CEO and Portfolio Manager at O’Shaughnessy Asset Management,
Patrick oversees the day-to day business of OSAM, a quantitative money management firm serving institutions, individual investors, and the high-net-worth clients of financial advisors. He directs initiatives in the areas of research and portfolio management, investor education, and investor relationships and also manages portfolios. He is the host of the podcast, Invest like the Best, and author of Millennial Money: How Young Investors Can Build a Fortune. He is a CFA charterholder and earned a BA from University of Notre Dame
Rey Santodomingo, CFA is Managing Director, Investment Strategy, Tax Managed Equities for Parametric Portfolio Associates.
He is responsible for all aspects of Parametric’s tax managed equity strategies, working with taxable clients and advisors to design, develop, and implement custom portfolio solutions. Prior to joining Parametric in 2009, he worked at MSCI Barra.A CFA charterholder, Rey is current member and past board member of the CFA Society of Seattle. He has also served as adjunct professor at Seattle University’s Albers School of Business and Economics. He earned an MA in financial engineering from University of California, Berkeley and a BS in chemical engineering from University of California, Santa Barbara.


Members | Complimentary
Non Members | Complimentary

Professional Learning Credits
CFA Boston has determined that this event qualifies for 1 PL credit hour under the guidelines of CFA Institute's Professional Learning Program.  If you are a CFA Institute member and a CFA Society Boston member, PL credit for your participation in this event will be automatically recorded in your PL tracking tool. Otherwise, you may upload 1 PL credit to your CFA Institute account in the PL tracking tool. 

Members can register by logging into their Boston specific account. Non-members and CFA Society Global members must create an account, or log into their Boston specific account, to register for this program. Zoom details will be sent following registration. If you do not receive a confirmation email, please ensure you have completed the entire checkout process. 

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