Fidelity to Open Direct Indexing to the Masses
Fidelity Investments plans to roll out a direct indexing tool in the United States that will require investment of as little as $1 per stock. The Fidelity Solo FidFolios platform will carry a monthly fee of just $4.99. It will allow investors to create custom indices, either by building one from scratch or selecting one of 13 Fidelity thematic stock models. Investors can then customize the models by adding or removing stocks or adjusting their weights.
Read the full article on Financial Times