America's Best Direct Indexing Buyers Guide 2024 - 30

2024 DIRECT INDEXING BUYERS GUIDE
w
1290 6th Ave, New York, NY 10104 * www.nb.com
NEUBERGER
BERMAN
Jacob Greene
Head Strategist,
NB Custom Direct
Investing™
Direct indexing has gained popularity
due to its customization and tax
management, but the term has
become a catch-all for equity SMAs.
We intentionally call our effort " direct
investing " , demonstrated through
resources that help advisors apply
customization and tax-management
to fundamental and quantitative
active, and hedged equity portfolios
alongside core equity solutions.
When moving away from the index,
portfolio manager active models
can have higher turnover and may
sell stocks at a high point to lock in
gains. Capturing profits like this is a
principle of investing; however, for
taxable investors, the profit captured
after taxes matters most. NB Custom
Direct Investing (NB CDI™) seeks
to optimize pre-tax exposure to
alpha-seeking equity models, while
protecting, or enhancing, returns on
an after-tax basis.
We partner with advisors, family
offices and institutions across the
U.S. and Canada, surpassing $5bn
in AUM as of 6/30/2024. We aim
to help clients align investment
objectives and seek to maximize
after-tax wealth. Custom SMAs are
designed as a service to advisors
and their clients, rather than as a
product which enables extensive
customization, including personal
values screens, tax-efficient
transitions, and cash withdrawals. We
provide guidance on customization
options and help advisors scale their
operations, striving to achieve the
best investment outcomes on an
after-tax basis.
NB CDI™ SMAs enable clients to invest directly in
dozens of Neuberger Berman strategies seeking
better after-tax outcomes and offering a level of
personalization not possible through mutual funds
or exchange-traded funds (ETFs). Broadening the
scope from direct indexing to what we call " direct
investing " , advisors and clients may benefit from
applying the same customization to active, hedged
or client-designed strategies alongside their core
allocation.
What makes us different?
Our key platform differentiators seek to provide an
elevated client experience in the following ways:
Exposures to Meet Each Client's Needs - Tax
optimization and customization is available
across a full suite of fundamental active, core,
quantitative & hedged strategies to maximize after
tax returns for a client's entire equity allocation at
reasonable account minimums.
More Frequent and Tailored Loss
Harvesting - Each client portfolio is evaluated
daily, with the goal to optimize each portfolio
for tax-management every two weeks, and
New business contact
Jacob Greene, Head Strategist,
NB Custom Direct Investing™
Phone: (212) 476-8173
Email: Jacob.greene@nb.com
Website: www.nbcdi.com
Brand of direct indexing platform/product:
NB Custom Direct Investing (NB CDI™)
Platform/product architecture: Open
Total AUM/AUA: $5 billion
Year direct indexing platform/product
began: 2017
Indexing type: Platform and Product
Distribution strategy: Offered to advisors and
platforms in US and Canada with connectivity
to most major custodians
Advisor channel served: RIA, BD wirehouse,
BD independent, Private Bank, Regional Bank,
Institutional, Family Office
Personalization options: Yes
Private labeling: Yes
Managers GIPS©
compliant: Yes
Number of custom indices available: 50+
custom strategies across core, quantitative
active and fundamental active equity exposures
Types of products available: Individual
stock SMAs
Minimum investment requirement: $100,000
Platform compatibility: Any platform
30
potentially more frequently in volatile markets. Our
research shows this trading frequency provides
additional tax alpha each year versus rebalancing
every four weeks. Portfolio tax optimization is
tailored to individual objectives and risk profile.
Continual Support Throughout Client
Journey - A full suite of client reporting and
analysis is available at advisors' fingertips
through the NB CDI™ digital portal. Analyze
the tax impact and risk implications of
transitioning assets in-kind, access monthly
after-tax performance at the account level, or for
clients with multiple accounts, after-tax results
aggregated into a household report, and help
clients maximize charitable gifting efforts with an
optimized list of appreciated securities. The NB
CDI™ platform offers a wide array of resources to
improve the client investment experience.
Access to Investment Team - An experienced
team of investment professionals is available to
help advisors and clients align the portfolio with
the desired objectives and evaluate the results of
their investments over time.
Tax optimization features: Yes
Trade efficiency: Yes
Sleeve-level reporting: Yes
Integration with trade execution or order
management systems: Yes
Integration with trust accounting systems:
Yes
Proposal generator availability: Yes
Rebalancing features: Yes
Supported custodians: Open architecture.
Currently connected to Fidelity, Schwab,
Pershing and many others.
Marketing support offered: Yes
Disclosures: This material is presented solely
for informational purposes, and nothing herein
constitutes investment, legal, accounting or tax
advice, or a recommendation to buy, sell or hold
a security. No recommendation or advice is being
given as to whether any investment or strategy
is suitable for a particular investor. NB Custom
Direct Investing (CDI)™ provide customized equity
portfolios for individual tax liabilities, personal
values, factor tilts and other key considerations.
These strategies are offered through Neuberger
Berman Investment Advisers LLC a registered
investment adviser. The " Neuberger Berman " name
and logo are registered service marks of Neuberger
Berman Group LLC. ©2024 Neuberger Berman
Group LLC. All rights reserved. For important
additional disclosures see www.nbcdi.com.
http://www.nb.com/ http://www.nbcdi.com/ http://www.nbcdi.com/
America's Best Direct Indexing Buyers Guide 2024

Table of Contents for the Digital Edition of America's Best Direct Indexing Buyers Guide 2024
