Wheaton, IL–(business wire)–Veriti Management LLC (“Veriti”) today is a direct index asset technology company, First Trust Direct Indexingas well as the appointment of Robert Hughes as CEO. Co-Founder and Managing Director of Veriti taking over management from his partner James DilworthHughes will focus on integrating Veriti’s established direct indexing capabilities and resources with First Trust’s extensive distributor network.
This premium offering is delivered when advisors, institutions and investors seek custom indexing solutions that deliver bespoke portfolios with the ability to generate tax alpha. Whether prioritizing traditional factors, risk management strategies, thematic positioning, or value-based investing, advisors, institutions and wealth managers affiliated with First Trust Direct Indexing will provide You can fully customize your client’s exposure to the benchmark of your choice. .
Hughes’ background includes extensive experience with Alerian and S-Network Global Indexes (now VettaFi), working closely with asset managers as Co-Head of Distribution and Chief Commercial Officer and launched new indices and investment strategies. Prior to that, he served as Global Head of Solutions for Nasdaq Indexes and Advisors for nearly 15 years, leading global business development for Nasdaq Indexes and his RIA business at Dorsey Wright and Associates. launched during his tenure, We offer over 300 listed products in 23 countries, including the first US-based index exchange traded funds (ETFs) in India and China. Hughes graduated from the University of Notre Dame.
“First Trust is dedicated to helping advisors solve the dual demands of individualized account customization and a smart approach to delivering tax alpha that can tip their clients’ portfolios to their satisfaction. We are in a good position.” fuse“I am thrilled to be a part of this pivotal time in the industry. First Trust Direct Indexing’s elite team has developed simple yet powerful delivery tools for advisors, while at the same time ensuring that clients are aligned with their values, needs and goals. We’ve created personalized solutions that help us meet our customers wherever they are.”
“First Trust Direct Indexing was built by advisors for advisors, making it the natural leader in direct indexing solutions for the broader industry.” Dilworth“Expanded distribution channels and educational tools and support, coupled with Rob’s leadership, will undoubtedly enable the team to quickly take advantage of the explosive growth in the direct index market.”
See First Trust Direct Indexing insights and analysis on topics and trends impacting institutional and retail investors here. ftdirectindexing.com.
About First Trust Direct Indexing
For over 30 years, First Trust has worked with financial professionals to provide tools, resources and trusted investment products. Many of them are designed to minimize the impact of taxes on your portfolio. In July 2022, First Trust will expand this mission to include Veriti Management LLC (“Veriti”), a direct index asset technology company that provides customized investment solutions with increased tax savings and value-based personalization opportunities. was acquired. This combination of strengths provides a platform that allows advisors to align clients’ investment objectives, values and benefits with the proven methodologies offered by First Trust and its affiliates.
About First Trust Advisors LP (FTA)
FTA is a federally registered investment advisor and acts as investment advisor to the Fund. FTA and its affiliate, First Trust Portfolios LP (“FTP”), are FINRA registered broker-dealers and privately held companies that offer a variety of investment services. As of December 31, 2022, the FTA manages or oversees approximately $190 billion in collective assets through unit funds, exchange-traded funds, closed-end funds, mutual funds and separately managed accounts. FTA is the supervisor of First Trust’s unit mutual funds and FTP is the sponsor. FTP is also a distributor of mutual fund equity and exchange-traded fund origination units. FTA and FTP are based in Wheaton, Illinois.
