Insight

Guide to Direct Indexing at Allspring

Learn how direct indexing can help investors personalize portfolios, manage taxes more efficiently, and navigate portfolio transitions through separately managed accounts (SMAs).

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8/17/2026

12 min read

Topic

Direct Indexing

Key takeaways

Tax-aware investing can help improve after-tax outcomes through ongoing tax-loss-harvesting opportunities.
Direct indexing allows portfolios to be customized with security exclusions, values-based screens, dividend tilts, and blended index exposures.
Greater flexibility may help investors manage concentrated positions and appreciated assets more efficiently.
Allspring's Remi platform supports daily portfolio optimization designed to balance tax opportunities with benchmark alignment.

Executive summary

Tax-aware investing through direct ownership

Direct indexing gives investors ownership of individual securities within an SMA, creating opportunities for ongoing tax-loss harvesting that may not be available through traditional pooled vehicles. By harvesting losses while maintaining market exposure, investors may be able to improve after-tax outcomes over time.

Personalized portfolios built around investor needs

Unlike traditional index funds, direct indexing allows portfolios to be customized based on an investor's unique circumstances and preferences. Investors can incorporate security exclusions, values-based screens, dividend-focused tilts, blended indexes, and other adjustments designed to align holdings with their goals.

Flexibility for complex portfolios

Direct indexing can offer added flexibility for investors with concentrated stock positions, appreciated assets, or evolving tax considerations. A customized approach may help align portfolio changes with an investor's broader financial goals while managing potential tax implications.

Why Allspring for direct indexing?

Allspring's direct indexing strategies are supported by Remi, our technology-enabled SMA platform that combines portfolio management expertise, customization capabilities, and daily portfolio optimization. Through ongoing account review and tax-aware portfolio management, Remi is designed to help investors pursue personalized outcomes while remaining aligned with their investment objectives.

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