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by berberous 1221 days ago
I'm not sure what you mean by "overhead", but direct indexing has been commodified for the masses for a while. See Wealthfront for example. Even Vanguard is pushing into it soon:

https://www.etf.com/sections/features-and-news/vanguard-goin...

Now that said, I agree the benefits of direct indexing for the non-wealthy is vastly overstated and probably a mistake for most.