First Trust Direct Indexing

First Trust Direct Indexing L.P. is a registered investment advisor specializing in managing domestic, international, and global equity portfolios for high-net-worth individuals, institutions, and intermediaries. The firm offers customized long equity separately managed portfolios tailored to client specifications, including benchmark index selection, factor tilts, Socially Responsible Investing, values alignment, and tax management. They provide model portfolios and investment screening services, with a focus on active tax management and factor tilts. As of December 31, 2023, the firm managed $1.42 billion in discretionary client assets. For fees, clients pay an annual advisory fee ranging from 0.15% to 0.30% based on assets under management, with a minimum annual fee per account of $1,500 for individuals and $2,500 for institutional clients. Specialized services may incur additional fees. The firm does not charge performance-based fees and acts as a fiduciary. Clients have investment discretion but are encouraged to inform the advisor of any changes in objectives. First Trust Direct Indexing does not provide portfolio management services to wrap fee programs. The firm has no disciplinary history and is affiliated with various financial entities within the First Trust family. Clients receive quarterly statements from the custodian, and the firm does not hold custody of client funds except in trustee relationships. First Trust Direct Indexing exercises discretion over client accounts based on agreed-upon guidelines and objectives. The firm has Proxy Voting Procedures in place to ensure voting in the best interest of clients. Financially, the firm has no impairments that would affect its ability to meet obligations.