For this quarter’s Ask the Expert podcast, we reached out to Sherwood Yuen of Vanguard to talk about automated trading strategies — also called direct indexing. Sherwood and his team at Just Invest built an algorithmic trading strategy that allowed clients to build tax-efficient stock portfolios that reflected their values by favoring or disfavoring stocks or industries; Vanguard purchased Just Invest in 2021 and now Sherwood is an integral part of Vanguard's direct indexing team. As the direct indexing landscape expands and the technology improves, these types of strategies are showing numerous potential benefits.

In this discussion, Senior Wealth Strategist Glen Goland, JD, CFP, talks with Sherwood about how direct indexing works, who it can benefit, what clients can expect from this type of strategy, and where the technology is heading in the future. Listen to the podcast above, on YouTube here, or on Soundcloud here.