While the number and types of direct indexing solutions continue to grow, it is worth reviewing some of the potential benefits of its use.

Envestnet has received interest from private equity firms, including Bain Capital, according to a press report. Shares ended the day up 9% on the news.

Rob Pettman, an LPL veteran of 19 years, has joined the technology incubator.

The acquisition, Kovair, has a portfolio of products and tools for supporting application and data management.