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FIRST TRUST DIRECT INDEXING

BOSTON, MA · CRD 297760 · IAPD ↗ · 617-752-6010

$1.42BRegulatory AUM
3Advisory reps
11Employees
2Clients
n/aPlanning clients
0Private funds
34States
3Disclosures
wealthSegment
ApprovedSEC status

Filing changes

65
January 2025 — FIRST TRUST DIRECT INDEXING (BOSTON, MA) left the SEC roster (was $1.42B RAUM, 3 reps).
Firm dropped off the SEC roster: closed, merged, fell below $100M and moved to state registration, or a 120-day provisional registration lapsed.
Recruiting & transitionsM&A & valuation
53
October 2024 — FIRST TRUST DIRECT INDEXING notice-filed in DE, OK, OR, RI.
Notice-filed in new state(s): the firm is taking clients somewhere new.
ComplianceMarketing & brand
55
October 2024 — FIRST TRUST DIRECT INDEXING's Item 11 disclosure-reporting entries rose by 2 (1 -> 3).
Count of Item 11 disclosure-reporting entries increased (regulatory, civil, or criminal history of the firm or its affiliates/supervised persons).
ComplianceMarketing & brand
55
August 2024 — FIRST TRUST DIRECT INDEXING shrank from 6 to 3 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation
55
July 2024 — FIRST TRUST DIRECT INDEXING added office(s): 1 -> 2 additional locations.
Count of additional offices increased.
Office IT & facilitiesCRMRecruiting & transitions
55
May 2024 — FIRST TRUST DIRECT INDEXING notice-filed in AZ, GA, MD, ME, MI, MN, NE.
Notice-filed in new state(s): the firm is taking clients somewhere new.
ComplianceMarketing & brand
55
April 2024 — FIRST TRUST DIRECT INDEXING shrank from 8 to 6 advisory reps.
Advisory representative count fell materially — advisors are moving, or the firm is shrinking.
Recruiting & transitionsM&A & valuation
85
February 2024 — FIRST TRUST DIRECT INDEXING crossed $1B in regulatory AUM ($990.1M -> $1.42B).
Regulatory AUM crossed $1B. Large-adviser status changes what they need and can afford.
Portfolio / reporting / TAMPCustodianComplianceIntegration & migration consulting

Data: SEC Form ADV monthly roster (public). Confirm on IAPD before acting.