America's Best Direct Indexing Buyers Guide 2024 - 33

2024 DIRECT INDEXING BUYERS GUIDE
Russell Investments
1301 2nd Ave, Fl 18, Seattle, WA 98101 * russellinvestments.com
RUSSELL
INVESTMENTS
Brad Jung, CIMA,
CPWA, AIF
Head of North
America, Advisor
and Intermediary
Solutions
Our Personalized Managed
Accounts program empowers
advisors to offer clients
customized portfolios with
a variety of direct indexing
options, all at an attractive, allinclusive
price.
To address tax-related concerns
when transitioning a client's
portfolio to a new investment
strategy, we provide a transition
management service. Advisors
simply provide a list of holdings,
purchase dates and cost basis
for a scenario analysis. This
analysis offers insights into
the tax and tracking error
implications of the transition,
helping clients make wellinformed
decisions aligned with
their financial goals.
Russell Investments also
prioritizes education offering a
comprehensive direct indexing
series with monthly articles,
case studies, videos, webinars
and tailored content for advisors
and clients.
Russell Investments' Personalized Managed
Accounts (PMA) program may be an excellent
vehicle for direct indexing. As wealth grows,
so do expectations and complexity-like tax
management, values-based considerations,
distinctive separately managed account (SMA)
solutions tailored to help investors achieve all of
that and more.
Maximize after-tax wealth. You gain access
to Russell Investments' nearly 40 years of
experience in tax management. Our active
year-round strategies are designed to create tax
assets and aim to maximize after-tax outcomes.
Harness any tax losses harvested in the account
to offset taxable income from other sources, or
strategically plan for future taxable events.
Transition accounts tax-efficiently. Portfolio
transitions require careful planning, especially
when taxes are involved. Address embedded
New business contact:
Phone: (800) 787-7354
Email: service@russellinvestments.com
Brand of direct indexing platform/product:
Russell Investments' Personalized Managed
Accounts
Platform/product architecture: Open
Total AUM/AUA: $301.5 billion in AUM, with
$574 million in direct indexing/PMA (as of
06/30/2024)
Year direct indexing platform/product
began: 2020
Indexing type: Product
Distribution strategy: Via other platforms/
financial advisors. Platforms include custodial
platforms such as Fidelity, Schwab, Pershing,
etc., TAMPs such as Envestnet, and broker/
dealer firms.
Advisor channel served: RIA, broker/dealer,
TAMP
Personalization options: Yes
Private labeling offered: Yes
Managers GIPS©
compliant: Yes
Number of custom indices available: 8 with
no barrier to adding more
Types of products available: Mutual Funds,
Mutual Fund/ETF Models, Active SMAs/Direct
Indexing, UMAs. Including equity, alternative,
and fixed income
33
gains and other portfolio transition needs using
our customized transition management service.
We analyze your client's situation and build an
optimal transition plan around a timeline, tax, or
capital gain budget.
Align investments with specific needs
or preferences. Set stock restrictions and
preferences based on unique client needs or
select from a list of pre-defined exclusions.
You can restrict certain securities, industries
or sectors, or apply values-based preferences,
depending on your clients' personal
requirements.
Choice. Choose from five direct-indexed SMAs,
two core equity solutions (100% DI and DI/active
combo), three active SMAs, four fixed income
ladders, and four core allocation solutions, which
include both equity and fixed income (100% DI
and DI/active combo on the equity side).
Minimum investment requirement:
$60,000-$850,000
Platform compatibility: Any platform
Tax optimization features: Yes
Trade efficiency: Yes
Integration with trade execution or order
management systems: Yes
Integration with trust accounting
systems: Yes
Proposal generator availability: Yes
Asset allocation methodologies used:
Proprietary
Rebalancing features: Yes
Supported custodians: Schwab, Fidelity,
Pershing with no barriers to adding more
Marketing support offered: Yes
Platform's unique selling proposition:
Advanced tax management, enhanced
portfolio personalization, ability to specify
timeline or tax-budget when transitioning
assets, all-inclusive pricing with no additional
overlay fees
Use cases: 1) Enhanced after-tax returns
2) Transitioning assets 3) Concentrated stock
4) Customization for values- and faith-based
investing 5) Planning for a financial windfall
Solutions open to the public: No, access is
through financial advisors.
https://russellinvestments.com/us
America's Best Direct Indexing Buyers Guide 2024

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