Direct indexing is becoming one of the fastest-growing strategies in wealth management. This strategy involves creating and maintaining a portfolio that tracks the constituents of a benchmark index, such as the S&P 500. As direct indexing allows investors to customize and tailor their portfolios around specific investment interests and weight holdings according to their preferences, the trend of financial firms acquiring fintech platforms for their direct indexing technology is on the rise.

In this episode, Rusty and Robyn talk with Art Lutschaunig, Co-Founder and CEO at Parti Pris Investment Partners. Art brings almost 40 years of financial industry experience to his position at Parti Pris. In his leadership role, Art calls upon his extensive experience and expertise in designing, building, and implementing large-scale wealth management organizations, services, and products to drive the development of Parti Pris’ services dedicated to portfolio personalization on behalf of financial advisors.

Art talks with Rusty and Robyn about what financial advisors and investors need to know about direct indexing, the future of fintech and managed accounts, and his outlook on the current market.

Key Takeaways

[04:47] - How Art got started in the financial services industry.
[13:38] - The story behind the name Parti Pris Investment Partners.
[15:35] - What financial advisors and investors need to know about direct indexing.
[20:21] - Why the advisory community favors direct indexing strategies.
[26:05] - How technology simplifies portfolio management for advisors.
[32:46] - How the managed account business can be improved.
[37:44] - The qualities Art is looking for when hiring people.
[42:34] - Art's advice for people thinking about starting their own business.
[45:16] - What Art thinks about the current market.
[51:41] - How Art maintains his physical and mental health to perform at his best.
[55:33] - The people Art is professionally thankful for.
[59:17] - Art's recommendations for content.

Quotes

[27:43] - "We're driving technology to simplify the complex for the advisor. And Orion is one of the fintech firms creating lots of technology to provide seamless integration and simplify the advisor's ability to run a practice and a portfolio." ~ Art Lutschaunig

[29:08] - "Our technology is getting to the point where we can acquire data, manage data, create security and data, create information out of data, and integrate across multiple constituent parts to offer a better, more simplified way for an advisor to implement their portfolios and practices." ~ Art Lutschaunig

[41:54] - "Every time you look at a problem, flip the pancake. When you run into a problem, turn it upside down and see if the answer is on the other side of the pancake. ~ Art Lutschaunig

Links

Connect with our hosts

Subscribe and stay in touch

2472-OPS-12/21/2022

Conversation between Donald Hoffman and Richard Watson

Thoughtforms Life

Why Any Possible Kernel Might Exist

The AI-powered Podcast Player