Indexing, data and research firm VettaFi has announced the enhancement of its solutions for asset managers with the acquisition of custom thematic indexing specialist EQM Indexes.
EQM builds indexes using a quantitative, research-driven approach with indexes including online retail, rare earths and critical materials, blockchain technology, and the global music industry. It provides indexing solutions for advisors and investment managers in North America, Europe, and Australia.
The deal means that VettaFi’s suite of more than 300 indexes now powers almost $19 billion in ETFs and other investment vehicles including direct indexing solutions. The firm was created in 2022 when the teams from ETF Trends, ETF Database, Alerian and S-Network Global Indexes merged followed by the addition of Advisor Perspectives.
The firm was founded by Jane Edmondson and Dan Janowiak and has also designed several innovative income-generating approaches.
The recent Future State of the Investment Industry report from the CFA Institute cited direct indexing as an area that will see increased focus in the years ahead.
“A great investment idea can often remain just that: an idea. But with a well-constructed index, great investment ideas can become great investments,” said Brian Coco, head of index products at VettaFi. “Building custom indexes is something at which Jane and EQM have long excelled, and we are very excited to add EQM’s expertise to our index offerings.”
The acquisition of EQM is VettaFi’s second major acquisition this year following the ROBO Global Index suite in April.
A $141M judgment and a federal asset freeze collide over one shrinking pool
The firm's CFO and EVP of Wealth Management Solutions are the latest executives to exit the broker-dealer.
Clients are saying they would consider switching advisors if another professional offered estate planning services, according to a new Trust & Will survey.
CEO Laurel Taylor says the fintech's composable AI stack helps workers optimize dollars across Trump Accounts, 529s, 401(k)s, and other employee benefits.
The bank has swiped three private banking veterans from BNY as the city climbs the ranks of America's fastest-growing wealth hubs.
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
Direct indexing is on pace to outgrow ETFs and mutual funds. Northern Trust's Ken Lassner explains why the advisors who get it wish they had started sooner.
