The Portfolio Optimizer for Wealth Management

Highlights

• RIABiz: After the visions of this engineer and Wealthfront diverged in 2016, he left to write his own robo-investing code on a shoestring; now Riskalyze is his first customer.

  "Yes, this is light years ahead of the rules-based tax handling that most rebalancing products or robo services provide," says Riskalyze CEO Aaron Klein, in an email.

• WealthManagement.com's Ten To Watch in 2024
• Finalist listing for 2023 WealthManagement.com industry awards ("Wealthies"), in "Direct Indexing" category
• Finalist listing for 2021 "Wealthies", in "Rebalancing" category
• Guest article on WealthManagement.com: Direct Indexing Doesn't Have To Dwell On The Past
• Guest article on WealthManagement.com: The Two Flavors of Direct Indexing
• Guest article on WealthManagement.com: Why Direct Indexing Needs a Different 'Brain'
• Guest article on WealthManagement.com: Direct or Personalized Indexing: Not Just for Passive Investing

Journal publications

• Stephen W. Anderson, Iraklis Kourtidis: Direct Indexing with Tax-Loss Harvesting: The Importance of Held-Away Gains; The Journal of Beta Investment Strategies, special issue on Direct Indexing.

Public mentions

• FundFire, a Financial Times publication: Wealth Manager Appetite for Direct Indexing Outpaces Asset Managers' Interest
• Financial Advisor IQ, a Financial Times publication: Advisors to Drop Mutual Funds for Lower-cost, Personalized Products
• WealthManagement.com: A Pivotal Year for Direct Indexing
• WealthManagement.com 2021 Midyear Outlook
• Ignites, a Financial Times publication: Direct Indexing for Retail Investors: Not Here Yet (subscription required)
• RIABiz article on Direct Indexing , plus various other mentions ( link 1, link 2 , link3 , link4 , link 5 ).
• Financial Planning: Younger, faster, digital-first: Cracking the new advice code

Conference panels

• FinancialPlanning.com's INVEST 2022 conference panel speaker: AI and Digital Innovation in Wealthtech
• In|Vest West conference panel speaker: What Technologies & Designs Are Actually Working in Digital Wealth

Industry analyst mentions

• Celent industry report (subscription required)
• Celent industry report (subscription required)
• Financial Advisor FinTech Solutions Map by industry expert Michael Kitces
• Direct Indexing market map by industry expert Gavin Spitzner
• WealthTech market map by top industry expert Gavin Spitzner

"Non-armchair" Direct Indexing LinkedIn post series

• 1: Dealing with Missing ESG Data
• 2: Text-Based ESG Attributes
• 3: Dynamic ESG Attributes
• 4: Stretching and Squeezing ESG
• 5: Better ESG Exclusions
• 6: A Tax Loss Harvesting Thermostat
• 7: A Metric System for Tax
• 8: Multiple Votes on Tracking Error
• 9: Speed as an Enabler
• 11: Alpha Strategies
• 12: "Tax-Efficient Frontier"
• 13: Preferring Money-Weighted Returns
• 14: Using No Factor Model
• 15: Market Orders: Dumb for HFT, Good for SMAs (Part 1 of 3)
• 16: Market Orders: Dumb for HFT, Good for SMAs (Part 2 of 3)
• 17: Market Orders: Dumb for HFT, Good for SMAs (Part 3 of 3)
• 18: TLH ~= Momentum Tilt
• 19: NPV multiplier for postponing tax
• 20: Waiting Until April 15th
• 21: The Importance of Being Smoothest (part 1 of 4)
• 22: Non-jumpy liquidation values in backtests: The Importance of Being Smoothest (part 2 of 4)
• 23: The Importance of Being Smoothest (part 3 of 4)
• 24: The Importance of Being Smoothest (part 4 of 4)
• 25: Dynamic Direct Indexing, Part 1
• 26: Dynamic Direct Indexing, Part 2: why?
• 27: Dynamic Direct Indexing, Part 3
• 28: Dynamic Direct Indexing, Part 4: tying everything together

Research & Engineering blog