Wealth strategies that used to be reserved for billionaires are becoming more accessible

"Direct indexing has become accessible at a different level of wealth than it has been in the past," said Ranjit Kapila, the copresident and chief operating officer of Parametric. "That wouldn't have been available or possible without the technology trends we've had to be able to do this level of computation at scale in a cost-efficient manner."

The account minimum for Fidelity's FidFolios, for example, is only $5,000. These personalized portfolios used to be out of reach of the merely affluent, requiring steep account minimums.

Private markets face steeper hurdles. This opaque field was traditionally reserved for deep-pocketed investors... data providers race to meet their needs with improved access to financial results.

Read at Business Insider