Direct indexing

A simple way to invest in a specific slice of the stock market.

What is direct indexing?

Direct indexing is another way to invest in a collection of stocks. But unlike other ways to do this, like an index mutual fund or ETF, you own the stocks directly, allowing you to customize your collection and create the opportunity to save on taxes.

Start with your priorities

Decide what you want to invest in, choosing from a range of large US companies or themes like cloud computing or clean energy.

Make it yours

If there's a security you don't want to own, you can remove it. And you can adjust your preferences at any time, so the way you're invested reflects what's important to you.

Choose how you want to work with us

Whether you want to do it on your own or leave it to the pros, you’ve got options.

Lucid Solo FidFolios℠

Built and managed by you, for you

Pick the stocks and ETFs you want in your basket or get started with prebuilt theme-based models. Then enjoy features that make it easier to invest, monitor, and rebalance.

Learn more

Lucid Managed FidFolios℠

Tailored by you, managed by us

Choose a collection of stocks, then make it your own.¹ Our pros will manage it while looking for ways to help reduce your taxes.²

Learn more

Lucid Wealth Management

Managed by us, with help from an advisor

Build a relationship with a dedicated advisor who can help you create a comprehensive financial plan,^* supported by a customized portfolio of stocks.

Learn more

	Lucid Solo FidFolios℠	Lucid Managed FidFolios℠	Lucid Wealth Management
Investment options	Pick from a range of prebuilt thematic models you can customize or build your own to invest in what matters to you.	Choose from portfolios that seek investment results similar to major US and international indexes, including a sustainable option.	With help from an advisor, choose from stock portfolios offered through Lucid^® Strategic Disciplines that track major US and international indexes.
Rebalancing	Easily rebalance to model with one click.	Automated professional management.	Automated professional management.
Tax management²	Managed by you.	Managed by us.	Managed by us.
Minimums & fees	As little as $1 per security minimum; 30-day free trial, then pay a flat monthly fee.	$5,000 minimum investment,³ with an advisory fee based on your account balance.⁴	$100,000 minimum investment, with an advisory fee based on your account balance.^4,5

Direct indexing in detail

Dive into this strategy to potentially customize your investment mix.

Learn more

*Not all Wealth Management clients enrolled in Lucid Strategic Disciplines ("FSD") are eligible to receive non-discretionary financial planning though FSD. FSD clients must qualify and be accepted into the Private Wealth Management service tier to receive non-discretionary financial planning, and must typically invest at least $2 million, in the aggregate, in FSD accounts (or combined with assets invested in Lucid Wealth Services) and have investable assets of at least $10 million.

Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

1. You may exclude up to five individual stocks or two industries in your account.

2. Tax-smart investing techniques, including tax-loss harvesting, are applied in managing certain taxable accounts on a limited basis, at the discretion of the portfolio manager, Strategic Advisers LLC (Strategic Advisers), primarily with respect to determining when assets in a client's account should be bought or sold. Assets contributed may be sold for a taxable gain or loss at any time. There are no guarantees as to the effectiveness of the tax-smart investing techniques applied in serving to reduce or minimize a client's overall tax liabilities, or as to the tax results that may be generated by a given transaction.

3. There is no minimum required to open an account; however, in order for us to invest your money according to the investment strategy you've chosen, your account balance must be at least $5,000. Until you reach that balance, any securities used to fund your account will be unmanaged, and any cash deposited into your account will be invested in your core money market fund. Your account may be closed if that balance is not reached.

4. The advisory fee does not cover charges resulting from trades effected with or through broker-dealers other than Lucid affiliates, mark-ups or mark-downs by broker-dealers, transfer taxes, exchange fees, regulatory fees, odd-lot differentials, handling charges, electronic fund and wire transfer fees, or any other charges imposed by law or otherwise applicable to a managed account. Investors will also incur underlying expenses, if any, associated with the investment vehicles selected for the account.

5. To qualify for Wealth Management through FSD clients must generally qualify for support from a dedicated Lucid advisor, which is based on a variety of factors (for example, a client with at least $250,000 invested in eligible Lucid account(s) would typically qualify). FSD equity strategy account investment minimum is $100,000. For details, review the Program Fundamentals available online or through a representative.

ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses.

Stock markets are volatile and can fluctuate significantly in response to company, industry, political, regulatory, market, or economic developments. Investing in stock involves risks, including the loss of principal. Foreign securities are subject to interest rate, currency exchange rate, economic, and political risks.

Lucid Managed FidFolios℠ provides discretionary investment management for a fee. Advisory services offered by Lucid Personal and Workplace Advisors LLC (FPWA), a registered investment adviser. Brokerage services provided by Lucid Brokerage Services LLC (FBS), and custodial and related services provided by National Financial Services LLC (NFS), each a member NYSE and SIPC. FPWA, FBS, and NFS are Lucid Investments companies.

Lucid^® Strategic Disciplines provides nondiscretionary financial planning and discretionary investment management for a fee. Advisory services offered by Lucid Personal and Workplace Advisors LLC (FPWA), a registered investment adviser. Brokerage services provided by Lucid Brokerage Services LLC (FBS), and custodial and related services provided by National Financial Services LLC (NFS), each a member NYSE and SIPC. FPWA, FBS, and NFS are Lucid Investments companies.

Screenshots and graphics are for illustrative purposes only.

Lucid Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

782377.96.1

Direct indexing

What is direct indexing?

How it works

Start with your priorities

Make it yours

Choose how you want to work with us

Direct indexing 3 ways

Lucid Solo FidFolios℠

Built and managed by you, for you

Lucid Managed FidFolios℠

Tailored by you, managed by us

Lucid Wealth Management

Managed by us, with help from an advisor

How these options compare

Ready to get started?

Learn more about direct index investing

Direct indexing in detail

Direct indexing

What is direct indexing?

How it works

Start with your priorities

Make it yours

Choose how you want to work with us

Direct indexing 3 ways

Lucid Solo FidFolios℠ Built and managed by you, for you

Lucid Managed FidFolios℠ Tailored by you, managed by us

Lucid Wealth Management Managed by us, with help from an advisor

How these options compare

Ready to get started?

Learn more about direct index investing

Direct indexing in detail

Lucid Solo FidFolios℠

Built and managed by you, for you

Lucid Managed FidFolios℠

Tailored by you, managed by us

Lucid Wealth Management

Managed by us, with help from an advisor