The purpose of this research is to provide readers with a comprehensive understanding of direct indexing. Parametric & Aperio Group have been leaders in this market. This research fits within Tiburon's index investing series, which in turn fits within Tiburon's specialized topics series, which includes a wide variety of trending topics. This research also is a key future prediction for separately managed account (SMA) programs.

• Index Investing
• Personalized Needs
• Tax Efficiency

This research defines core product markets within direct indexing, including:

• Equity Direct Indexing
• Fixed Income Direct Indexing

And this research makes several future predictions for direct indexing, including:

• Substantial Growth in Direct Indexing
• Entrance of Numerous New Competitors
• Fastest Growth in Fixed Income Direct Indexing
• Declining Fees
• Direct Indexing Tools to be Pushed to Financial Advisors
• Moderate Growth in Direct Indexing Firms Venture Capital Investments
• Numerous Direct Indexing Firms Mergers & Acquisitions
• Moderate Direct Indexing Firms Initial Public Offerings (IPOs)