How are new technologies benefitting the end client?
One trend, which is a true value add to clients, is active tax management. It’s been particularly important with this big push to direct indexing. Obviously, direct indexing has gained a lot of attention in the news recently. There are index-based asset allocation portfolios that are creating better after-tax returns and doing it in a dynamic way across the entire year. It’s really taking advantage of those tax opportunities. It’s a key way advisors are providing value and generating revenue.