Former Fed Chairman Paul Volcker once remarked that the ATM was the only financial innovation he could think of that has improved society. It’s true that big, important changes in finance do not come around all that often. The advent of the Exchange-Traded Fund (ETF) was one of them. Now some suggest direct indexing will be the next big thing and will supplant both mutual funds and ETFs.
Popular Topic(s): Investing
An Ideal Tax Setup for Direct Indexing