Brent Sullivan

speaker

332 appearances 1 recordings 1 series first heard Jul 2026 last heard 19 Jul

Brent Sullivan’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Direct indexing is a recent term.

But at the time, we had benchmark replicating portfolios with individual securities.

Exactly.

And this started to become in vogue, I want to say, in the early 90s.

Okay.

Okay, so we've got these two separate streams going at the same time in parallel.

We start to get custom indexing.

Okay, well, now we can have an active...

strategy as a benchmark instead of just the S&P 500 or the Dow 30, whatever.

So now we're talking about custom strategies.

OK, so passive is evolving back into active.

At the same time, we've got the systematic investors who are saying, hey, we can do that, too.

We can do tax loss harvesting.

This is a tax overlay on an active strategy.

Fine.

Exactly.

So that's a migration.

Again, that's an important point was this migration of sort of institutional minded investment managers.

And now they're starting to deliver private wealth products.

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