Parametric User? Here's Why You Should Consider Double

As a Parametric user, you're likely familiar with the benefits of direct indexing and appreciate the level of customization it offers. Parametric has built a strong reputation for providing tailored investment solutions, particularly in the realm of tax-managed direct indexing. You understand the potential for enhanced after-tax returns and the ability to align your portfolio with your specific goals and values. However, Parametric's services are primarily designed for investors working with financial advisors, which may not be the ideal fit if you prefer a more hands-on and DIY approach to managing your investments.

Parametric's Limitations for the Self-Directed Investor

Parametric is an capable platform, offering highly customized direct indexing solutions, including fixed-income strategies. However, its structure is built around the advisor-client relationship. This means that access to Parametric's sophisticated tools and strategies comes with an added layer of advisor fees, which can be as high as 1% or more of your assets under management. For self-directed investors, this model presents a few key limitations:

• High Costs: The advisor-centric model means that you're paying for a service you may not need or want. These fees can significantly impact your overall returns, especially over the long term.
• Lack of Control: While Parametric offers customization, it's typically done through an advisor. If you prefer to be directly in control of your investment decisions, Parametric's platform may not provide the level of direct access and control you desire.
• No Direct Retail Platform: Parametric does not offer a platform for individual investors to directly manage their portfolios. This means you're reliant on an advisor for all interactions and adjustments to your investments.

Why You Should Choose Double

At Double, we offer a compelling alternative for self-directed investors who want the benefits of direct indexing without the high costs and limitations of an advisor-centric model. We empower you to take control of your investments with a suite of tools and features designed for customization, transparency, and tax efficiency.

Take Control of Your Investments

With Double, you're in the driver's seat. You can create and manage your own customized direct indexing strategies, choosing from over 50 pre-built options or building your own from scratch. Our platform provides granular control over sector tilts and individual stock weightings, allowing you to fine-tune your portfolio to match your precise investment objectives.

Lower Fees

By eliminating the need for an advisor, Double significantly reduces the cost of investing. While advisors using Parametric often charge 1% of assets under management[^1], Double offers a simple, transparent fee structure. This means more of your money stays invested, potentially leading to higher returns over time. We believe that you shouldn't have to pay extra to access sophisticated investment strategies.

50+ Prebuilt Strategies

While Parametric requires you to work with an advisor to build your portfolio, Double provides over 50 prebuilt strategies, saving you time and effort. These strategies are designed by our team and cover a wide range of investment styles, risk tolerances, and asset classes. This can be a great starting point for building your portfolio, or you can use them as inspiration for creating your own custom strategies.

Direct Index into Popular Indexes

Double allows you to directly index into popular Indexes like our US Top 500. This means you can own the individual stocks that make up the index, giving you greater control over your investments. With Double, you can start direct indexing into some strategies with as little as $1,000, and we offer fractional shares, making it accessible to a wider range of investors. Direct indexing opens up your portfolio to more tax-loss harvesting opportunities, potentially leading to additional tax benefits.

Build Your Own Custom Strategies

Double's screener offers robust capabilities. You can filter stocks based on a wide range of criteria, including market capitalization, sector, industry, and various financial ratios. This allows you to create highly customized strategies that align with your investment goals and risk tolerance. You have complete control over the weighting of each stock within your strategy, down to multiple decimal places, allowing for fine-tuned precision.

Advanced Tax-Loss Harvesting

Double offers sophisticated tax-loss harvesting (TLH) through both Factor and Pairs based methods. While we don't offer direct indexing for bonds, our automated TLH system monitors your portfolio for opportunities to offset gains and potentially reduce your tax liability.

Dollar-Cost Average Between Strategies

Double's platform allows you to seamlessly transition between investment strategies using dollar-cost averaging (DCA). This feature enables you to gradually shift your portfolio's allocation over time, mitigating the risk of market timing. For example, if you want to move from a growth-oriented strategy to a more conservative one, you can use DCA to make the transition smoothly and systematically, taking into account tax consequences and wash sales.

Automate Incoming Deposits

With Double, you can automate your incoming deposits and use the proceeds to rebalance your portfolio. This "set it and forget it" approach ensures that your investments stay aligned with your target allocation, without requiring constant manual intervention.

Safe and Trusted

Your trust and security are our top priorities. Double uses Apex Clearing, a leading custodian in the financial industry, to safeguard your assets. We adhere to high standards of security and compliance to ensure your investments are protected. You can read more about our commitment to safety and trust in our blog post, Why You Should Trust Double.

Feature Comparison: Double vs. Parametric

Conclusion

If you're a Parametric user who values the power of direct indexing but seeks greater control, lower costs, and a more streamlined, self-directed approach, Double offers a compelling alternative. Our platform empowers you with advanced tools for customization, tax optimization, and portfolio management, all while keeping your fees low and putting you firmly in control of your financial future. We believe that sophisticated investing should be accessible to everyone, not just those working with high-cost advisors. With Double, you can leverage the benefits of direct indexing on your own terms.