Portfolio customization changes difficult client conversations. Explain market volatility in a positive light by highlighting measurable tax outcomes and strategic value creation. Transform reactive explanations into proactive planning discussions.
Direct indexing enables tax-loss harvesting from individual securities even when broader indices are positive. During market volatility, demonstrate how strategic loss harvesting creates measurable after-tax gains.
Move beyond defending performance to demonstrating strategic partnership value. Tax-focused investing unlocks broader planning benefits including charitable giving optimization and comprehensive tax strategy integration.
Unlike traditional direct indexing providers that limit you to separate managed accounts, ALPS DirectIndex portfolios integrate seamlessly as account sleeves and across multiple household accounts through Black Diamond's native Managed Account Services platform.
Research suggests 85-110 basis points Expected Annual Tax Alpha.1
150-250 securities per portfolio.
Eight model portfolios.
Deploy direct indexing as dedicated SMAs or integrate as sleeves within existing accounts—all from your familiar Black Diamond Rebalancer platform.
Coordinate direct indexing strategies across multiple accounts within a household for comprehensive tax optimization.
Seamlessly embedded in Black Diamond's Rebalancer with customizable tax budgets and automated optimization workflows.
Choose to outsource all or just some of your accounts from a single portfolio management system without operational complexity.
| Focus | # of Securities | Benchmark | |
|---|---|---|---|
| All Cap | |||
| ALPS DirectIndex All Cap | Broad United States Market |
200-250 |
Bloomberg 3000 Index |
| Large Cap | |||
| ALPS DirectIndex Large Cap | Large Cap Core |
150-200 |
Bloomberg 500 Index |
| ALPS DirectIndex Large Cap Growth | Large Cap Growth |
150-200 |
Bloomberg 1000 Growth Index |
| ALPS DirectIndex Large Cap Value | Large Cap Value |
150-200 |
Bloomberg 1000 Value Index |
| Mid Cap | |||
| ALPS DirectIndex Mid Cap Growth | Mid Cap Growth |
150-200 |
Bloomberg Mid Cap Growth Index |
| ALPS DirectIndex Mid Cap Value | Mid Cap Value |
150-200 |
Bloomberg Mid Cap Value Index |
| Small Cap | |||
| ALPS DirectIndex Small Cap | Small Cap Core |
150-200 |
Bloomberg 2000 Index |
| International | |||
| ALPS DirectIndex International | Developed International |
150-200 |
Bloomberg World Ex US Large-Mid-Small Cap Index |
$864.3 billion in assets growing at 22.4% annually with only 18% of advisors currently using direct indexing. Cerulli Associates projects assets exceeding $1.5 trillion by 2025.2
Three in four millennials likely to invest in direct indexing in the next 12 months. 62% of Gen X and 56% of Baby Boomers are extremely interested in tax optimization strategies.3
Transform your practice from market commentator to strategic partner. Tax-managed portfolios represent one of the most significant drivers for growth and firm valuation over the next decade.
1 Chaudhuri, S., Burnham, T., & Lo, A. W. (2020). An empirical evaluation of tax-loss harvesting alpha. Financial Analysts Journal, 76(3), 95-113.
2 Cerulli Associates. (April 10, 2025). Direct indexing assets close year-end 2024 at $864.3 billion [Press release].
3 Charles Schwab & Co., Inc. (2024). ETFs and beyond study 2024: Findings.
