Strive Asset Management begins direct indexing (2024)
| Environmental, social, and corporate governance |
|---|
|
| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
What's the story?
Strive Asset Management announced it is expanding its financial services to include direct indexing. The firm also signed contracts to list its new service on Fidelity and Charles Schwab platforms.
Why does it matter?
Strive Asset Management has historically been against incorporating ESG into investment decisions and portfolio construction. In recent months, Strive has been expanding its line of products and aiming to expand the reach of shareholder-centered approaches throughout the financial services industry. The decision to begin direct indexing is part of that process.
What's the background?
Strive was co-founded by Vivek Ramaswamy—President-elect Donald Trump's (R) appointee to co-lead a new office called the Department of Government Efficiency.
Read more
According to The Financial Times:
| “ |
Strive Asset Management is expanding into direct indexing, accelerating its diversification beyond investment products. … Strive has recently announced the launch of a wealth management division, and early this year it broke into the retirement plan business, rolling out a pooled-employer plan jointly with Ameritas. … Co-founder and majority owner Vivek Ramaswamy had been a vocal supporter of Trump during the campaign and, along with Tesla chief executive Elon Musk, will lead the new Department of Government Efficiency, to be formed after Trump takes office.[1] |
” |
See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
| |||||||||||||||||||||||
